Damac Hills 2
Elo Damac
FromAED1,397,000
Handover DEC 2026
By Damac
01 / 11
Key figures
- From
- AED 1,397,000
- Handover
- DEC 2026
- Developer
- Damac
- Units
- 12
- Unit types
- 12
- DLD fee (4%)
- AED 55,880
Source: Reelly project starting price; official UAE Golden Visa property threshold (AED 2,000,000); Dubai Land Department transfer fee of 4%. Rule last verified by DubaiYield on 2026-08-14 (published public rule — not a live government API).
Payment plan
Payment Plan
20%
On booking
AED279,400
30%
During construction
AED419,100
50%
Upon Handover
Due on handover
AED698,500
Percentages from developer payment plan via Reelly. Confirm in SPA.
Golden Visa
Golden Visa eligibility
Property at AED 2,000,000 or above may qualify for the UAE 10-year Golden Visa. Off-plan purchases can qualify once the SPA is registered with the Dubai Land Department, including bank-financed purchases.
Threshold
AED2,000,000
Below the AED 2,000,000 Golden Visa threshold — other residency routes may apply.
Indicative guidance only. Eligibility is subject to legal and regulatory review. The 10-year Golden Visa property route is distinct from shorter investor residency programmes.
Area overview
Damac Hills 2 is a freehold residential district in Dubai featured in the DubaiYield catalogue.
Listings here show starting prices, payment plans, and handover quarters drawn from project data — without unsourced yield claims.
About the developer
DAMAC Properties is a Dubai-based real estate developer founded in 2002 by Hussain Sajwani, following the government's 2002 decision to allow foreign nationals to own freehold property in the emirate. The company was listed on the Dubai Financial Market in 2015. DAMAC has since become one of the larger private developers operating in the UAE, with a portfolio extending to other regional markets and to cities including London and Toronto.
DAMAC's master communities include DAMAC Hills, formerly known as Akoya by DAMAC, a mixed residential development of roughly 42 million square feet built around the Trump International Golf Club, an 18-hole course designed by Gil Hanse. DAMAC Hills 2, previously named Akoya Oxygen, follows a similar community model with a stronger focus on townhouses. DAMAC Lagoons is a more recent master community themed around Mediterranean coastal destinations, combining waterfront townhouses and villas.
The company is also known for residential towers developed in partnership with international fashion and hospitality brands, including Versace, Fendi, Roberto Cavalli, de Grisogono, and Paramount Hotels & Resorts, as well as a golf-course collaboration with the Trump Organization. Notable branded towers include Cavalli Tower and AYKON City on Sheikh Zayed Road.
