DAMAC Hills 2 Market Report: Q3 2026
In Q3 2026, the median villa and townhouse price in DAMAC Hills 2 was AED 1.7 million, across 246 residential sales transactions worth AED 420 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 246
- Residential sales transactions Broadly unchanged
- AED420 million
- Sales value Broadly unchanged
- AED1,147
- Apartments, median price per sq ft +0.6%
- AED1.7 million
- Villas and townhouses, median price −2.0%
- 5%
- Off-plan share of sales 13 off-plan sales
- 1,085
- New lease registrations (Ejari) +41.1%
- AED88
- Apartment rent per sq ft, a year −2.2%
- 8.7%
- Gross rental yield, apartments⚠ 23 −0.3 pts
Apartments, median price per sq ft
Lighter bars: fewer than 30 sales
Villas and townhouses, median price
Apartment rent, median per sq ft a year
Lighter bars: fewer than 30 leases
Villa and townhouse rent, median a year
Apartment sales
Off-planReadyTotal sales
Villa and townhouse sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
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FAQ
How many residential sales transactions were recorded in DAMAC Hills 2 in Q3 2026?
Residential sales transactions in DAMAC Hills 2 totalled 246 in Q3 2026, worth AED 420 million. Sales remained stable quarter-on-quarter. Off-plan sales accounted for 5% of the total and owner resales 80%.
What is the price per sq ft in DAMAC Hills 2?
The median apartment price in DAMAC Hills 2 was AED 1,147 per sq ft in Q3 2026, across 36 sales; it rose 0.6% quarter-on-quarter, and was 32% below the Dubai median. The median villa and townhouse price was AED 1.7 million, across 210 sales; it declined 2.0% quarter-on-quarter.
Are property prices in DAMAC Hills 2 going up or down?
The median apartment price in DAMAC Hills 2 remained stable between Q1 2026 and Q3 2026, from AED 1,148 to AED 1,147 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 303 | AED 501 million | AED 1,148 | AED 1.8 million | 706 | AED 99 | 9.2% |
| Q2 2026 | 246 | AED 422 million | AED 1,140 | AED 1.8 million | 769 | AED 90 | 8.9% |
| Q3 2026 | 246 | AED 420 million | AED 1,147 | AED 1.7 million | 1,085 | AED 88 | 8.7% |
How much does a home in DAMAC Hills 2 cost by number of bedrooms?
In DAMAC Hills 2 in Q3 2026, median prices were AED 967,500 for a 2-bedroom apartment (14 sales); AED 648,000 for a 1-bedroom apartment (13 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠Studio | 9 | AED 450,000 | AED 1,057 |
| ⚠1-bed | 13 | AED 648,000 | AED 1,197 |
| ⚠2-bed | 14 | AED 967,500 | AED 1,154 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| ⚠2-bed | 0 | – | 15 | AED 85,000 | – |
| 3-bed | 0 | – | 745 | AED 90,000 | – |
| 4-bed | 0 | – | 153 | AED 105,000 | – |
| 5-bed | 0 | – | 30 | AED 134,813 | – |
| ⚠6-bed | 0 | – | 16 | AED 215,000 | – |
What is the average rent in DAMAC Hills 2?
The median rental rate on new apartment lease registrations (Ejari) in DAMAC Hills 2 was AED 88 per sq ft a year in Q3 2026, across 125 registrations. New villa and townhouse lease registrations had a median rental rate of AED 95,000 a year, across 960 registrations. 1,085 new leases and 704 renewals were registered with Ejari.
What is the rental yield in DAMAC Hills 2?
The gross rental yield on ready apartments in DAMAC Hills 2 was 8.7% in Q3 2026, comparing median new rents with median ready sale prices per sq ft. For villas and townhouses it was 5.5%, comparing median new rents with median ready sale prices.
How much does property in DAMAC Hills 2 cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in DAMAC Hills 2 in Q3 2026, the median apartment price of AED 1,147 per sq ft is approximately $312 per sq ft; the median villa and townhouse price of AED 1.7 million is approximately $473,792; the median new apartment rental rate of AED 88 per sq ft a year is approximately $24.
How does DAMAC Hills 2 compare with Dubai?
The median apartment price in DAMAC Hills 2 was 32% below the Dubai median in Q3 2026, at AED 1,147 per sq ft compared with AED 1,692.
| Measure | DAMAC Hills 2 | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 1,147 | AED 1,692 |
| Villas and townhouses, median | AED 1.7 million | AED 3.7 million |
| New apartment rent, per sq ft a year | AED 88 | AED 94 |
| ⚠Gross yield, apartments | 8.7% | 6.8% |
| Villa rent, median a year | AED 95,000 | AED 180,000 |
| Gross yield, villas | 5.5% | 4.4% |
| Off-plan share of sales | 5% | 69% |
Which sub-communities in DAMAC Hills 2 recorded the most sales?
Camelia by DAMAC recorded the most sales of any sub-community in DAMAC Hills 2 in Q3 2026, with 19 sales worth AED 34.3 million.
| Sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| CameliaDAMAC HILLS (2) | DAMAC | 19 | AED 34.3 million | 0% | – |
| VardonDAMAC HILLS (2) | DAMAC | 16 | AED 24.1 million | 0% | – |
| ⚠ViridisDAMAC HILLS (2) | DAMAC | 16 | AED 10.5 million | 0% | AED 994 |
| AsterDAMAC HILLS (2) | DAMAC | 11 | AED 24.3 million | 0% | – |
| VeronaDAMAC HILLS (2) | Front Line Investment Management | 11 | AED 20.7 million | 0% | – |
| SanctnaryDAMAC HILLS (2) | DAMAC | 9 | AED 15.8 million | 0% | – |
| AlbiziaDAMAC HILLS (2) | DAMAC | 9 | AED 12.4 million | 0% | – |
| BasswoodDAMAC HILLS (2) | DAMAC | 9 | AED 11.4 million | 0% | – |
| JuniperDAMAC HILLS (2) | DAMAC | 8 | AED 15.3 million | 0% | – |
| PacificaDAMAC HILLS (2) | DAMAC | 8 | AED 13.8 million | 0% | – |
Which developers recorded the most off-plan sales in DAMAC Hills 2?
DAMAC recorded the most off-plan sales in DAMAC Hills 2 in Q3 2026, with 13 sales worth AED 11.7 million, accounting for 100% of off-plan sales.
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| DAMAC | 13 | AED 11.7 million | 100% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). DAMAC Hills 2 Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/damac-hills-2/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.