Dubai freehold area guide
Location
Damac Hills 2 (formerly Akoya Oxygen) is located further out in Dubailand along Al Qudra Road, roughly 35-40 minutes from Downtown Dubai, positioned as an affordable extension of the Damac Hills master plan.
Overview
Damac Hills 2 is a large-scale, affordable suburban community centered on green spaces, a wave pool, and man-made lagoons, with a mix of low-rise apartments, townhouses, and villas in a more budget-friendly, spread-out layout than its sister community. It has a distinctly suburban, family-park feel built around outdoor recreation.
Who lives here
Predominantly mid-income and budget-conscious families, including South Asian, Arab, and CIS expat households, many first-time buyers and investors drawn by low entry prices. The area skews toward owner-occupiers and long-term renters seeking affordable villa or townhouse living over apartment density.
Price points
AED / Mid-2026 indicators
Apartments
Studio under AED 500K, 1BR AED 550K-900K, 2BR AED 900K-1.3M (approximate; limited granular 2026 transaction breakdown by bedroom)
Villas / Townhouses
3BR townhouses/villas AED 1.3M-2.3M, 4BR AED 1.7M-2.8M, 5-6BR AED 2.3M-4.5M (2026 average villa price per sqft around AED 1,072, up roughly 9% year on year)
Typical gross rental yield
Approximately 6-7.5% gross for apartments; villas/townhouses approximately 6% gross in 2026
Figures are approximate market indicators as of mid-2026, compiled for general orientation purposes only. They do not constitute a valuation or investment advice — please confirm current pricing and availability before making a decision.
Lifestyle & amenities
- Malibu Beach wave pool and water park
- Community lagoons and cycling/jogging trails
- Community retail centers and supermarkets
- Petting farm and outdoor sports courts
- Nearby schools within the wider Dubailand area
- Access via Al Qudra Road
- Mosques and community clinics
- Large green parks and dog parks
Best for
Best for budget-focused families and first-time buyers wanting affordable villa or townhouse living with resort-style recreational amenities, away from the city center.
