Damac Hills 2, formerly Akoya by DAMAC, is a sprawling master-planned community in Dubai, UAE, developed by DAMAC Properties, showcasing significant real estate growth and promising prospects. Located in Dubailand, this 55-million-square-foot development has emerged as a high-transaction hub, with over 11,806 units sold by 2024. Villa prices have surged 22% from 2021 to 2023, reflecting strong capital appreciation, while off-plan apartments saw a 16% rise in price per square foot over the same period. Rental yields are equally impressive, with two-bedroom apartments jumping 44% in rates, appealing to high-income renters and investors alike.
The community’s growth is underpinned by its strategic location near major highways, offering access to Dubai’s key areas, and its eco-friendly design, featuring energy-efficient homes and vast green spaces. Amenities like Central Park, Malibu Beach, and the Trump International Golf Club enhance its allure, driving demand. As of March 17, 2025, Damac Hills 2 continues to attract buyers with affordable yet luxurious options—studios start at AED 547,000, and villas reach AED 14.3 million. With Dubai’s population growth and infrastructure advancements, including the “Smart Rental Index” in 2025, Damac Hills 2 is poised for sustained real estate expansion and robust investment returns.