Master Project · Transactions · 2023

Damac Hills 2 Property Transactions 2023

2,005 property sales worth ⃃ 2.6B were registered in Damac Hills 2 in 2023, 59.4% higher than 2022 by number of sales. The median sale price was ⃃ 1,384,000 and the median price per square foot ⃃ 703 (−0.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 2,005 salesUpdated: 18 Oct 2026
Property sales
2,005
+59.4% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 2.6B
+73.9% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,384,000
+20.3% vs 2022
2,005 sales
Median price per sq ft
⃃ 703
−0.8% vs 2022
2,005 sales

What types of property sold in Damac Hills 2 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments34417.2%⃃ 175.42M⃃ 454,000⃃ 835
Villas1,62581%⃃ 2.4B⃃ 1,424,000⃃ 688
Commercial130.6%⃃ 22.22M⃃ 1,660,120⃃ 1,334

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)1,81590.5%⃃ 2.4B⃃ 1,400,000⃃ 696
Resale (secondary)1909.5%⃃ 162.15M⃃ 755,000⃃ 772
Off-plan89944.8%⃃ 1.5B⃃ 1,507,000⃃ 715
Ready1,10655.2%⃃ 1.1B⃃ 1,000,000⃃ 696

How many rental contracts were registered in Damac Hills 2 in 2023?

5,429 rental contracts (new and renewed) were registered in Damac Hills 2 in 2023, at a median annual rent of ⃃ 66,000 (+10.0% on 2022). Rental yields in Damac Hills 2

What were the most expensive property sales in Damac Hills 2 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
19/12/2023Farmhouses6 beds · Villa22,570 sq ft⃃ 11,845,000Primary · Off-plan
24/10/2023Farmhouses6 beds · Villa20,187 sq ft⃃ 11,130,000Primary · Off-plan
03/11/2023Farmhouses6 beds · Villa20,078 sq ft⃃ 11,097,000Primary · Off-plan
15/11/2023Farmhouses5 beds · Villa10,870 sq ft⃃ 7,131,460Primary · Off-plan
09/11/2023Farmhouses5 beds · Villa10,320 sq ft⃃ 6,968,780Primary · Off-plan
25/10/2023Farmhouses5 beds · Villa9,614 sq ft⃃ 6,900,000Primary · Off-plan
26/09/2023Farmhouses5 beds · Villa9,382 sq ft⃃ 6,643,000Primary · Off-plan
24/10/2023Farmhouses5 beds · Villa9,295 sq ft⃃ 6,617,000Primary · Off-plan
02/10/2023Farmhouses5 beds · Villa9,386 sq ft⃃ 6,511,120Primary · Off-plan
02/11/2023Farmhouses5 beds · Villa9,370 sq ft⃃ 6,506,220Primary · Off-plan

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Pacifica3 beds · Villa1,634 sq ft⃃ 1,600,000Primary · Ready
28/12/2023MulberryVilla1,922 sq ft⃃ 620,000Primary · Ready
28/12/2023Damac Hills 2Plot1,882 sq ft⃃ 500,000Primary · Ready
28/12/2023Amargo3 beds · Villa1,208 sq ft⃃ 1,250,000Primary · Ready
27/12/2023Janusia3 beds · Villa1,882 sq ft⃃ 1,350,000Primary · Ready
27/12/2023Aster3 beds · Villa1,882 sq ft⃃ 1,400,000Primary · Off-plan
27/12/2023Viridis AStudio · Apartment427 sq ft⃃ 350,000Resale · Ready
27/12/2023Janusia3 beds · Villa1,933 sq ft⃃ 1,320,000Primary · Ready
26/12/2023Albizia3 beds · Villa1,802 sq ft⃃ 1,150,000Primary · Ready
26/12/2023Victoria 13 beds · Villa1,208 sq ft⃃ 1,300,000Primary · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/damac-hills-2/2023
Damac Hills 2 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/damac-hills-2/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Damac Hills 2 in 2023?
2,005 property sales worth ⃃ 2,593,152,845 were registered in Damac Hills 2 in 2023. That is 59.4% higher than 2022.
What was the median property price in Damac Hills 2 in 2023?
The median sale price was ⃃ 1,384,000 and the median price per square foot ⃃ 703 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Damac Hills 2 were off-plan or from developers?
Developer (primary) sales were 90.5% of the 2,005 sales and resales 9.5%. Off-plan units made up 44.8% and ready units 55.2%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/damac-hills-2/2023