Dubai · Community Guide
Damac Hills 2
Damac Hills 2
Living in Damac Hills 2
DAMAC Lagoons is a vibrant Mediterranean-inspired master community by DAMAC Properties, located in Dubailand, Dubai. Designed around crystal-clear lagoons, sandy beaches and resort-style amenities, the community offers a relaxed waterfront lifestyle with a collection of stylish villas and townhouses. The community features themed clusters inspired by destinations such as Venice, Costa Brava, Morocco, Portofino, Malta, Mykonos and Ibiza, each offering a distinctive architectural and lifestyle experience. Residents can enjoy an extensive range of amenities including lagoons, beaches, water sports, swimming pools, sports facilities, outdoor leisure areas, entertainment zones, restaurants and family-friendly spaces. With convenient access to Hessa Street, Emirates Road and Sheikh Mohammed Bin Zayed Road, DAMAC Lagoons provides connectivity to major areas of Dubai while offering a peaceful, resort-like environment for families and investors.
Market snapshot
- Average price
- AED 1.5M
- Gross rental yield
- 7%
- Emirate
- Dubai
Location
Common questions
Can foreigners buy property in Dubai?+
Yes. Non-residents and foreign nationals can buy freehold property in designated areas such as Downtown Dubai, Dubai Marina, Palm Jumeirah and most new master communities, with full ownership rights.
What fees do I pay when buying?+
Budget roughly 7–8% on top of the purchase price: 4% DLD transfer fee, about 2% agency commission plus VAT, trustee office fees, and mortgage registration of 0.25% if financing.
What is the minimum down payment for a mortgage?+
UAE residents typically need 20% down for properties under AED 5 million (30% above). Non-residents are usually asked for 40% or more, depending on the bank.
Can I get a mortgage as a non-resident?+
Yes, several UAE banks lend to non-residents, generally up to 50–60% of the property value with streamlined income documentation.
What does off-plan mean?+
Off-plan property is bought directly from a developer before construction is complete, usually on a staged payment plan linked to construction milestones and secured through a DLD-regulated escrow account.
