DAMAC Hills 2 (Akoya Oxygen) - Dubai
HIGHLIGHTS
ABOUT DAMAC Hills 2 (AKOYA OXYGEN)
DAMAC Hills 2, formerly referred to as Akoya Oxygen, is an isolated residential project in Dubai created by the prominent real estate firm DAMAC Properties. This charming community is among the most sought-after golf communities in Dubai and attracts considerable attention from potential investors and renters searching for family homes within a cozy locality.
Dubai's Akoya Oxygen, also referred to as Akoya O2, is a hub for eco-conscious living. As the first green residential address in Dubai, DAMAC Hills 2 boasts an environmentally friendly community built around an international golf course with verdant gardens and tranquil water features. It offers affordable villas and is rated as the second most popular area for such property according to Bayut & dubizzle’s Dubai Rental Market Report for H1 2022.
With its close vicinity to the Expo 2020 area, DAMAC Hills 2 has piqued the curiosity of many potential investors. The development offers a variety of real estate options such as villas and apartments. Additionally, Akoya Oxygen stands out as one of the more reasonably priced locations for property investments in Dubai.
IN A NUTSHELL
NEIGHBOURHOOD
COMMUNITY OVERVIEW
DAMAC Hills 2, a highly anticipated residential project in Dubai by DAMAC, enjoys a strategic location between the E77 Jebel Ali - Lehbab Road and the E66 Al Ain - Dubai Highway. This coveted area offers access to numerous commercial and residential hubs throughout the city. The development boasts of providing an idyllic environment for families with green surroundings, leisure towns, multiple residential clusters, excellent retail options, and high-end amenities.
Eco-Friendly Residences
There are diverse styles and dimensions of modern homes situated around an 18-hole championship golf course. This golf community is a popular spot in Dubai to purchase affordable three-bedroom villas. The residential properties integrate eco-friendly elements, such as energy-conserving materials, AC systems, sustainable lighting techniques, non-toxic paints, and solar-powered water heating systems. Additionally, household waste will be separated for recycling purposes.
Five Leisure Towns
According to the area's masterplan, DAMAC Hills 2 boasts five leisure destinations: Motor Town, Water Town, Down Town, Equestrian Town and Sports Town.
The Water Town is an ideal destination for children with diverse attractions on offer, such as the Splash Pad and Malibu Beach. Sports enthusiasts can engage in various activities like football, cricket, tennis, among others at Sports Town. Down Town is a perfect spot for families to spend a day relaxing amidst amenities like the Zen Garden and waterside cafe. Motor Town boasts go-karting tracks while Equestrian town has facilities for horse riding enthusiasts.
Additionally, every cluster features communal amenities such as swimming pools and play areas aimed at encouraging a wholesome way of living. Furthermore, an exceptional yoga retreat and high-end spa facility with outdoor showers and dive pools are also available.
Upon its completion, the development will showcase a hydroponic cafe and market for fresh organic produce. Moreover, the community centre will house retail stores and restaurants designed with eco-friendly interiors. To ensure sustainability, these eateries will utilize FSC-certified wood, Energy Star-accredited windows and biodegradable tableware.
Trump World Golf Club
The focal attraction of the ongoing development in the region is Trump World Golf Club Dubai. The facility will include a cutting-edge clubhouse, professional golf shop and an extensive selection of dining establishments.
Properties in DAMAC Hills 2 (Akoya Oxygen)
DAMAC Hills 2 (Akoya Oxygen Dubai), which is only a short 15-minute drive from DAMAC Hills, has already completed certain sections. The development offers a selection of upscale residences such as villas, townhouses and apartments. For those seeking more spacious living arrangements, penthouses are available. In addition to the contemporary private homes, serviced hotel apartments can also be found in the area. All residential properties are situated near vast green spaces and parklands, while most villas and townhouses come with private lawns for added privacy and serenity.
Additionally, DAMAC Hills 2 (Akoya Oxygen) features freehold properties that commence at AED 400k. These areas can be used to create bespoke villas and townhouses. The neighborhood is renowned for providing Dubai's most affordable freehold residential plots.
The companies in charge of implementing the overall plan are Arabtec Construction and China State Construction Engineering Corporation. The DAMAC Hills 2 blueprint encompasses more than 10,000 self-sufficient villas and townhouses, roughly 1,200 apartments, more than 2,000 hotel rooms as well as 650 serviced villas that all boast sweeping vistas of the golf course.
DAMAC Hills 2 (Akoya Oxygen) offers a diverse selection of rental properties, including villas, townhouses and apartments with different configurations and sizes. Prospective tenants can opt for townhouses ranging from 3 to 5 bedrooms, villas that boast between 3 to 6 bedrooms or choose from a variety of studios or apartments sized between one to three bedrooms. Two clusters within the community where interested renters can explore rental options are Vardon and Claret.
Rental Trends in Akoya Oxygen Dubai
As the construction of residential complexes in the locality is still ongoing, the choices available at present are restricted.
Apartments in Akoya Oxygen
The rental prices for Akoya Oxygen apartments vary based on the number of bedrooms. The studio apartment has a starting price of AED 28k per year, while the 3-bedroom option can cost up to AED 54k annually. Additionally, there are a limited number of available 1-bedroom apartments for rent priced at AED 40k per year.
In Akoya Oxygen Dubai, there are options for renting villas or townhouses. This community is highly recommended for those seeking 3-bedroom villas at an affordable price point, offering numerous choices to fit any budget.
Villas in Akoya Oxygen
The price of 2-bedroom units for rent in DAMAC Hills 2 (Akoya Oxygen) is higher since only the Pacifica community provides fully furnished and spacious units that begin at a size of at least 1,400 sq. ft.
Additionally, Akoya O2 offers a 3-bedroom villa with an annual rental fee beginning at AED 47k, and a standard 4-bed villa in Akoya Oxygen for AED 48k. These properties range from approximately 1,800 to 2,200 sq. ft. Furthermore, there are options available such as duplex units and independent houses that come with private parking facilities.
If you're seeking a larger living space, check out the 5-bedroom villas for rent in DAMAC Hills 2 (Akoya Oxygen). These units offer approximately 2,500 sq. ft. of covered area and are available to rent starting at AED 115k per year. Alternatively, consider the more luxurious option of renting a 6-bed villa with around 3,000-4,000 sq. ft. of coverage in DAMAC Hills 2 (Akoya Oxygen), with annual rents ranging from AED145k to AED220k.
Conversely, DAMAC Hills 2 offers fully furnished townhouses for rent at a reasonable cost. A 3-bedroom Akoya Oxygen townhouse is available for rent at an annual rate of AED 44k, while the minimum cost for a 4-bed townhouse in Akoya O2 is around AED 49k. Additionally, renting a 5-bed townhouse in DAMAC Hills 2 will amount to approximately AED75k per year.
The reason for the comparatively affordable rental rates of 3-bedroom houses is because they are available for rent in cost-effective neighborhoods such as Albizia, Vardon, Amazonia, and Basswood. The size of these houses ranges between 1,200 sq. ft. to 1,500 sq. ft., which is relatively compact.
Prospective investors seeking properties for sale in DAMAC Hills 2 have a diverse selection of villas, townhouses, and freehold apartments to consider. Meanwhile, the real estate market in Akoya Oxygen boasts competitive pricing trends. For those interested in purchasing property in this area, popular clusters include Vardon, Albizia, and Claret.
Sales Trends in DAMAC Hills 2 (Akoya Oxygen)
As previously mentioned, the majority of residential buildings are currently being built. However, available apartments for purchase in the vicinity vary from studios to 3-bedroom flats. The smallest apartment has an average covered area of approximately 425 sq. ft., while larger units cover around 1,000 sq. ft.
Apartments in Akoya Oxygen
In DAMAC Hills 2, a standard studio apartment covering an area of 400 sq. ft. is available for sale at AED 299k, whereas the selling price of one-bedroom units in the same area varies between AED 418k and AED 747k on average. If you are looking for two or three-bedroom apartments, then Akoya Oxygen may be your preferred location as its selling prices start from AED 710k and go up to AED 999K respectively. In addition to these options, rental apartments are also available in Virdis Residence and Hotel as well as Navitas Hotel and Residences.
Dubai's DAMAC Hills 2 (Akoya Oxygen) presents an attractive option for investment due to its close proximity to the Expo 2020 location. It is among the more reasonably priced villa communities in Dubai, providing an opportunity for potential buyers. With a golf course lifestyle at a reasonable cost, Akoya has become a desirable residential choice.
Villas in Akoya Oxygen
In DAMAC Hills 2 (Akoya Oxygen), villas with three bedrooms can be purchased for prices ranging from AED 799k to AED 2.2M. These units are typically sized at around 1,900 sq. ft. and one appealing choice is the Just Cavalli Villas which incorporate design influences from renowned Italian designer Roberto Cavalli.
In regards to available townhouses for purchase in DAMAC Hills 2, there are options for 3 to 4-bedroom units. The desire is great for newly constructed properties and those situated on a corner plot. The cost of a 3-bed townhouse within the area of DAMAC Akoya Oxygen, ranging from 1,600 sq. ft. to 1,800 sq. ft., can be anywhere between AED 730k up to AED 12M. On the other hand, purchasing a 2-bedroom townhouse located in DAMAC Hills 2 will typically cost around AED1M.
To purchase a larger unit in DAMAC Hills 2 (Akoya Oxygen), like a four-bedroom townhouse, you should expect to spend approximately AED 1.4 million. If you are interested in a five-bedroom option, the cost would be roughly AED 2.1 million.
Those who are interested in investing may want to explore the properties available in DAMAC Hills 2 (Akoya Oxygen). This particular development is considered one of the top off-plan property investment options in Dubai. While certain segments have been completed, others are still undergoing construction. Anticipated completion of this project will present profitable opportunities for investors seeking value.
ROI in DAMAC Hills 2 (Akoya Oxygen)
A projected rental yield of 6.40% is anticipated if you choose to invest in 2-bedroom apartments, while studios and 1-bedroom units are expected to generate returns of 6.29% and 5.14%, respectively.
Apartments in Akoya Oxygen
Anticipate the greatest ROI from 2 and 3-bedroom villas. Alternatively, you can acquire a 4-bedroom villa in DAMAC Hills 2 for AED 1.3M with an area of approximately 2,400 sq. ft.. This investment could yield a profitable return of up to 5.59%. For those seeking a larger property, there are options for purchasing a 5-bed villa in DAMAC Hills 2 (Akoya Oxygen) that offers an estimated return of about 5.77%, which is quite attractive given the newness of this community's real estate market in Dubai.
Villas in Akoya Oxygen
Additionally, the opulent six-bedroom villas available for purchase in DAMAC Hills (Akoya Oxygen) are priced at AED 2.8M with a potential rental yield of 4.76% on average.
The development is partitioned into various clusters and communities for residential purposes.
MOST POPULAR LOCATIONS IN DAMAC Hills 2 (AKOYA OXYGEN)
Vardon offers attractively designed residential options, ranging from one to two-storey villas and townhouses. The price of villas in Vardon varies from AED 800k to AED 2.5M. Additionally, the Albizia sub-community is a well-liked option with houses that have three to six bedrooms available for purchase.
The district of Basswood boasts contemporary architecture, featuring 2 types of two-storey townhouses with their own private garden and balcony. For those interested in DAMAC Properties' sub-community in Akoya Oxygen, Victoria offers a range of 3 and 4-bedroom townhouses.
Located at the southeastern entrance of the community, Aster comprises a collection of villa and townhouse complexes. It covers an area of approximately 125,920 square meters and mainly consists of off-plan units. Currently, there are 378 residential properties available for sale including semi-detached duplexes and triplex houses. In Paloverde, interested buyers can find spacious plots to build their own personalized homes that range from 4,526 square feet to 7,743 square feet in size.
Additional sub-districts emerging in Akoya Oxygen comprise Sanctnary, Amargo, Pacifica, and the renowned branded residential development Just Cavalli Villas.
Individuals seeking floor plans for DAMAC Hills 2 (Akoya Oxygen) have access to a plethora of options on Bayut's website, including 2D and 3D layouts. Additionally, one can discover comprehensive floor plans for each community within DAMAC Hills 2.
DAMAC Akoya Oxygen Floor Plans
The ongoing construction of Akoya O2 involves the establishment of high-end hotels and resorts that aim to promote sustainable tourism. Upon completion, the community will have approximately 2,000 hotel rooms equipped with top-notch facilities.
HOTELS IN DAMAC Hills 2 (AKOYA OXYGEN)
Every residential property will have their own parking spaces, so residents and visitors won't have to search for a nearby spot. The master plan was thoughtfully crafted to minimize pollution on the streets and provide specific areas for bicycles and hybrid cars.
Transportation and Parking Spaces in DAMAC Hills 2 (Akoya Oxygen)
As the road network within the community is largely finished, navigating around the region is fairly easy. Nonetheless, there's no public transit service like buses or metro operating in or close to this locality. If you require RTA bus services, though, they're accessible at nearby Mira's bus stations.
Public Transportation in DAMAC Hills 2 (Akoya Oxygen)
individuals with their own transportation can take advantage of a well-established network of roads. The emirate has four major highways that are accessible to residents, including Jebel Ali - Lehbab Road (E77) which connects to Al Ain - Dubai Road (E66) in under 20 minutes if heading south. Akoya O2 is bounded by Al Qudra Road (D63) from the west and by using Bypass Road at the southeastern entrance, individuals can reach Al Maktoum International Airport. Furthermore, Emirates Road (E611) is connected to Al Qudra Road, allowing for easy navigation throughout the area for those with private conveyance.
The convenient accessibility of Motor City and Al Barsha, located in central areas, is noteworthy.
In Akoya O2, the community precincts will have plazas that contain a variety of amenities such as local grocery stores, convenience shops, eateries, mosques, schools, post offices and health care facilities including clinics and gyms.
AMENITIES, SCHOOLS AND HEALTHCARE
In DAMAC Hills 2, locals have access to a range of supermarkets for their shopping needs. Carrefour Supermarket is available at the community's retail centre, while Spinneys and Choithrams are located approximately 14 minutes away by car.
Supermarkets in DAMAC Hills 2 (Akoya Oxygen)
At present, DAMAC Hills 2 lacks any places of worship, such as mosques. To reach the nearest Abdullah Mosque via E77, residents must spend approximately 25 minutes driving. Meanwhile, churches are located in Jebel Ali community and temples are mostly concentrated in Bur Dubai area. These districts necessitate lengthy drives by car or taxi for worshippers seeking to attend services.
Churches, Temples and Mosques in DAMAC Hills 2
The sole nursery school in the vicinity is Shining Stars Early Childhood Centre, which implements the British EYFS curriculum featuring a variety of enjoyable and educational activities. This childcare facility caters to youngsters aged between 1.5 and 4 years old and is situated at Virdis Towers.
Schools and Universities in DAMAC Hills 2 (Akoya Oxygen)
As development of primary and secondary schools in DAMAC Hills 2 (Akoya Oxygen) is currently underway, nearby communities such as Arabian Ranches 2, Mudon and Uptown Motor City offer a few alternative choices. One notable selection within DAMAC Hills is the Jebel Ali School (rated Very Good by the KHDA), providing both EYFS and National Curriculum of England options. Another option located at a similar distance is South View School (SVS), situated within Remraam community.
Individuals seeking higher education must journey to Academic City, where they can discover prestigious educational facilities such as The American University in the Emirates and Heriot-Watt University Dubai, as well as distinguished government institutions like Zayed University and The University of Dubai.
In the near future, DAMAC Hills 2 will have both specialized clinics and general hospitals available. Currently, there are healthcare options located nearby, such as Mediclinic Parkview Hospital situated on Umm Suqeim Road which takes approximately 22 minutes to reach by car. Additionally, Aster Clinic in the Arabian Ranches neighborhood is only a 16-minute drive away from the community.
Clinics and Hospitals in DAMAC Hills 2 (Akoya Oxygen)
Akoya Oxygen, a venture by DAMAC Properties, is conveniently situated about 20-22 minutes away from DAMAC Hills. Although devoid of any immediate neighbors, it is in close proximity to Emaar's Reem master development that comprises various sub-communities such as Mira and Mira Oasis. The journey towards Mira Oasis would take approximately 22 minutes by car if you opt to travel via Bypass Road.
NEARBY AREAS
Furthermore, Akoya O2 is situated away from the mainland while still being linked to prominent locations like the Mall of the Emirates and Al Maktoum International Airport through four significant highways. Notable areas for commerce and recreation, such as Internet City, Media City, Studio City and Barsha Heights (Tecom) are also conveniently close by.
In the near future, there will be a comprehensive shopping center in the commercial district of the community. In the meantime, here are a few malls located close to DAMAC Hills 2 (Akoya Oxygen):
LIFESTYLE
SHOPPING, DINING AND NIGHTLIFE
Malls in DAMAC Hills 2
Located just a 20-minute drive away via Al Ain Road is Dubai Outlet Mall, which boasts an art gallery, food court and fun activities. It's home to numerous brand stores including Mango and Tommy Hilfiger. Only slightly further at 25 minutes in Wadi Al Safa lies Cityland Mall - one of the top malls in Dubai offering its visitors a central park and amphitheatre experience. For those looking for a one-stop-shop that includes grocery shopping, gym facilities and gaming options all under one roof, head over to Ranches Souk in Arabian Ranches.
The blueprint encompasses a plethora of local eateries and upscale dining establishments. Nearby regions such as Mudon, Arabian Ranches, and Dubai Outlet Mall provide an abundance of restaurant options for DAMAC Hills 2 (Akoya Oxygen) inhabitants at present.
Restaurants near DAMAC Hills 2 (Akoya Oxygen)
There are a variety of dining options available, including popular restaurants such as Al Tawon Restaurant, Taqado Mexican Chicken, Tuk Tuk Thai, Chuck E Cheese and Abatjour Bistro. Additionally, the Trump Golf Course offers three distinct ambience settings for guests to enjoy while indulging in their favourite international comfort food. Options include PRATO for Italian cuisine and 71 Sports Bar with pool tables and live sports.
The Water Town at Akoya O2 Dubai offers a refreshing and serene environment, with a range of exciting activities to choose from. Visitors can enjoy Malibu Beach, paddle boarding, wave surfing and lazily floating along the lazy river. Children are also catered for with their own water park featuring a Splash Pad, water slides and playground. Other facilities include a lake cafe and floating cinema for ultimate relaxation. Even when everything is complete here, there's never going to be a dull moment. However, those seeking beach vibes can make their way down to Jumeirah Public Beach - which will require 30-40 minutes travel time depending on traffic conditions - for some sun-soaked fun in the ocean waves!
BEACHES NEAR DAMAC Hills 2 (AKOYA OXYGEN)
The southern end of Akoya Oxygen, also known as DAMAC Hills 2, will have a distinct cluster of tall buildings that will serve as an identifiable feature at the entrance. If coming from Dubai Hills Estate, it should take approximately 30 minutes to reach via Al Qudra Road D63.
LEISURE ACTIVITIES AND NOTABLE LANDMARKS
In the comprehensive plan for Akoya, there are several distinguishing elements to note. These include a Rainforest encircling the central section of town, a hydroponic bistro and another dining option. Additionally, once Vista Lux is finished, occupants will enjoy access to an expansive 1 million sq. ft. retail space with hotels, restaurants and recreational facilities seamlessly linked by waterways and tree-lined paths.
For those who enjoy lengthy drives, Al Qudra Lake is a perfect destination for a weekend getaway with loved ones. It's serene and entertaining for both children and adults. Additionally, if you have an appreciation for history and culture, Al Marmoom Heritage Village can be easily reached from Akoya O2. While en route through the Expo Road (E77) path, The Sevens Stadium can also be spotted.
The Trump World Golf Club Dubai covers an expansive area of 30,000 square feet and serves as the primary recreational destination in the region. It boasts various facilities such as a hotel, clubhouse, restaurants, and pro shop alongside an 18-hole golf course that includes practice amenities led by coaches who hold PGA qualifications.
Residing in DAMAC Akoya Oxygen Dubai entails being immersed in serene courtyards, lush golf courses and verdant natural surroundings. The development is dedicated to promoting an eco-friendly way of life, which is why each cluster boasts a multitude of features such as fountains, gardens and jogging tracks. Moreover, certain sub-communities are welcoming to pets. Additionally, the community has numerous mini-golf courses ranging from 7-10 for your enjoyment along with other great amenities like go-karting circuit, picnic area and fishing lake.
OUTDOOR ACTIVITIES, FITNESS AND BEAUTY
Additionally, there will be a spa that takes inspiration from the desert and a yoga centre solely for exclusive use, featuring plunge pools. Furthermore, inhabitants have access to nearby fitness centres, spas and salons in adjacent regions.
Dubai's residents have the opportunity to participate in the popular Al Marmoom Heritage Festival, which takes place every April. This festival showcases a variety of enjoyable activities such as traditional dances, live performances, food festivals and craft markets. Additionally, it features the exciting Al Marmoom Camel Races.
COMMUNITY EVENTS
Prior to relocating, it is important to carefully consider the advantages and disadvantages of residing in DAMAC Hills 2 (Akoya Oxygen). Presently, public transportation is not available within the community, unlike other parts of Dubai. The area purposely strives to cultivate a natural environment and promote healthy living by being located away from city congestion. Private vehicles are recommended for those wishing to establish residence there. Hybrid cars and bicycles will be utilized by the community in efforts to combat waste and air pollution. Additionally, Akoya Oxygen makes for an ideal family-friendly neighborhood and ranks among the top communities in Dubai.
THINGS TO CONSIDER
To purchase row houses.
DAMAC Hills 2 (Akoya Oxygen) sits on the outskirts of Dubai, in close proximity to Minhad Airbase and connected to the rest of Dubai through four major highways.
FAQs about DAMAC Hills 2 (Akoya Oxygen)
Where is DAMAC Hills 2 (Akoya Oxygen) located?
The presence of chillers in the rental properties at DAMAC Akoya Oxygen Dubai is subject to the preference of your landlord.
Is DAMAC Hills 2 chiller free?
Potential investors have the opportunity to purchase properties that are not yet constructed in DAMAC Hills 2's upcoming developments, including Navitas Hotel and Residences, Just Cavalli Villas, and Viridis Residence and Hotel Apartments.
Can I purchase off-plan properties in DAMAC Hills 2?
Yes, interested investors can buy off-plan properties in DAMAC Hills 2 in upcoming projects such as Navitas Hotel and Residences, Just Cavalli Villas and Viridis Residence and Hotel Apartments.