DAMAC «Park Greens» — project image
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DAMAC «Park Greens»

From AED 3.30M·Handover Mar 2027·Developer payment plan available Payment
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AED 3.30M
Starting Price
Mar 2027
Handover
Developer payment plan available
Payment Plan
5 BR · Villa
Type

Project Overview

Park Greens is a premium collection of five-bedroom villas from developer Damac, located in the Damac Hills 2 neighborhood. The style of the residence is inspired by the beauty of nature, natural materials are used in the finishing of facades, interiors are made in light color shades, which in combination with large panoramic windows creates an atmosphere of luxury and comfort. The complex is located in the middle of a large picturesque park with many places for recreation, barbecue areas, sports and children's playgrounds and walking, running and bicycle paths. Also on the territory are a gym, swimming pool, studio for Pilates and yoga, lounge area, a platform for events and holidays and an open-air movie theater. Cafes, restaurants, a boat station and community club are within walking distance, as well as daycare centers, schools and medical centers. Damac Hills 2 has a convenient location near Al Qudra Road, which can be used to reach the main highways of the emirate and get to the main attractions of Dubai. Dubai Outlet Mall and First Avenue Mall are 15 minutes away, Palm Jumeirah, Dubai Marina and Mall of Emirates are 30 minutes away and Burj Khalifa and Dubai Mall are approximately 35 minutes away.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills 2
Unit Types5 BR, Villa
AreaDamac Hills 2
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 142,395 / year
Cash-on-Cash
2.2%
Levered cashflow AED 33,495
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.52M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

BBQ
Cinema
Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Shared gym & fitness

Location

DAMAC «Park Greens» location map
Project location

Nearby Destinations

Damac Hills 2

Developer and Project Facts

01

DAMAC «Park Greens» by Damac Properties

02

Located in Damac Hills 2

03

Starting from AED 3,300,000

04

Unit mix includes 5 BR, Villa

05

Expected handover: Mar 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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RERA Registered
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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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