PARK GREENS by Damac Properties in DAMAC Hills, Dubai

Park Greens by Damac Properties

Damac Properties, specialising in the construction of elite real estate, has launched the construction of a new project, Park Greens in Dubai, UAE. The complex will be in the central part of the luxury community Damac Hills 2 and is set to be completed in March 2027.

The settlement will consist of three-storey, townhouses with five bedrooms. The average villa size will be 329 square metres, with a plot area of 229 square metres. A solid 1.8 m concrete fence will separate the two villas. The key feature of the project is the positioning of the villas in a single line along parks, landscaped areas and water features, providing residents with excellent views and quick access to infrastructure facilities.

During the construction phase in Park Greens prices from the developer will be the most advantageous. A five-bedroom villa can be purchased today for AED 2.

89 million (USD 787,000).

Location

The complex is located in the Damac Hills 2 area, which has excellent infrastructure for comfortable family everyday life. Within a five-minute drive, you can find the following:

Akoya Oxygen Community Center, featuring a community mall, Carrefour supermarket, pharmacy, Cherry Tree Nursery, cafes, restaurants, a sports club, beauty salon and Saudi German Clinic;
Grand supermarket;
Shining Stars Nursery;
Damac Pet Farm Zoo;
Damac Akoya Dog Park.

According to the master plan, a school will also be established in the area.

The complex provides quick access to Al Qudra Road, intersecting with Al Ain – Dubai Road, leading to the city centre. Convenient transportation allows easy travel to neighbouring areas, Dubai key destinations, and Dubai International Airport.

Within 20 minutes, you can reach The Sevens Stadium sports complex with a cricket stadium and rugby club, as well as Dubai Outlet Mall, offering branded goods at discounted prices.

Within a 25-minute drive, you will find:

The Aquila School;
Silicon Central Mall;
Chubby Cheeks Nursery;
Aster Medical Centre in Dubai Silicon Oasis.

The journey to the city centre, the seaside, International Golf Course and Al Maktoum International Airport will take 30–35 minutes.

Real Estate in Park Greens for Investment

Investing in off-plan properties in Dubai is a good option for investors seeking guaranteed returns. By the completion of the project, property values are expected to increase by 20–30%. Additionally, annual housing price growth in Dubai should not be overlooked. For instance, in 2022, the prices of under-construction villas rose by 23%.

As the new settlement is situated in a popular area with good infrastructure, villa owners will easily be able to rent them out for the long term. From the second half of 2022, the average annual rental fee in Damac Hills 2 increased by 11.79%. Notably, the annual rental cost for a five-bedroom villa increased by 17.14%, averaging AED 123,000 (USD 33,500). The rental yield for a five-bedroom home in Damac Hills 2 reaches 6.5% per year.