Dubai Hills is a luxury gated community of over 11 million m2 in the massive Mohammed Bin Rashid City (MBR) development. This is one of Dubai’s best areas for renting and buying luxury real estate in Dubai. Extensive green spaces, parks, and squares with walking and cycling paths, numerous sports grounds, picnic areas, and developed infrastructure with schools, hospitals, and shops create the most comfortable ecosystem for residents to find property for sale in Dubai Hills in 2023. An iconic feature of the community is an 18-hole professional golf course.
Buy an apartment in Dubai Hill
Dubai Hills is one of the most popular locations for renting and buying luxury apartments in Dubai. The area offers a lifestyle that combines modernity and convenience with lush greenery and natural beauty. Surrounded by manicured trees and shrubs, the houses are steps away from various shops, restaurants, and entertainment venues.
Apartments with one – three bedrooms are presented in many quarters of this elite community:
- Acacia;
- parkfield;
- Park Ridge;
- hills park;
- Lime Garden;
- Ellington House and others.
In addition, the Collective 2.0 quarter offers apartments with one and two bedrooms.
Dubai Hills residents enjoy first-class amenities from swimming pools, yoga, and fitness areas and a 54-kilometer cycle path to spas, beauty salons, schools, kindergartens, playgrounds, and a dedicated pet park.
The area is ideal for families with children and pets and lovers of a healthy lifestyle.
Apartments for sale in Dubai Hills: prices
The cost of luxury apartments in Dubai Hills varies depending on their area, configuration, and the block in which they are located.
On average, one-bedroom apartments will cost from AED 765,000 ($208,500) to AED 2.5 million ($680,500), with two – from AED 1.1 million ($299,500) to AED 3.5 million ( $953,000), with three – from AED 2.1 million ($571,500) to AED 4 million ($1.1 million).
Apartment in Dubai Hills for investment
Buying an apartment in Dubai Hills, United Arab Emirates, will be a great way to save and increase your funds. The average return on investment (ROI) for a rental property in Dubai in this community is:
- for apartments with one and two bedrooms – 6.5% per annum;
- for apartments with three bedrooms – 6.1% per annum.
Economic attractiveness of Dubai Hills for 2023
Sales trends in Dubai Hills are impressive – here are the numbers for the 1st quarter of 2022, when the coronavirus pandemic brought most segments of the global economy to a standstill:
- The total purchase and sale transactions in the secondary real estate market amounted to 118 units for 198,570,674 AED. The most expensive purchase is the acquisition of property for 75,000,000 AED.
- There were 150 Off-plan sales with a total value of AED 206,800,000, with the most expensive purchase being a 4-room villa in Club Villas worth AED 4,853,888.
Compared to previous periods, the demand increased just for the secondary market when the villas and apartments at the development stage sank. But that didn’t stop us from finding that the average price per square foot in Dubai Hills has risen by 7% in the new home market, so most developers have changed their sales strategy, which has ultimately attracted more end buyers with long-term payment plans.
Now for sale apartments and villas in such projects: Sidra, Golf Place, Maple. At the development stage, you can buy apartments in Acacia for $325,000, in Collective from $160,000, and others. As practice shows, this kind of property is most in demand in the long-term rental market.
Attractions
One of the area’s main attractions is the Dubai Hills Golf Club. This is an 18-hole golf course with a total area of 1.2 million square meters. m. Its visitors, while playing golf, can enjoy views of the skyline of the city and Dubai Downtown. In addition, Emaar’s Dubai Hills Estate has a driving range and driving lessons for visitors to improve their skills.
Another future attraction of the Dubai Hills Estate is the Dubai Hills Mall, which is under construction. It will house 650 shops and restaurants, a cinema, a supermarket, and 7,000 parking spaces. The mall is expected to open in 2021.
Another popular shopping and leisure destination, the Mall of the Emirates, is a 10-minute drive from Dubai Hills Estate. Other malls, Dubai Marina Mall and Dubai Mall, are located within a 15-20 minute drive from Dubai Hills Estate.
Who can help to choose and buy property in Dubai?
Are you planning to buy an apartment in Dubai Hills or another elite community in the UAE? Experienced brokers of AX CAPITAL real estate agency in Dubai will answer all your questions and help you choose a quality property for life and investment that will meet your smallest requirements. They will take on all tedious formalities and quickly and professionally complete the transaction and offer competent after-sales service. Just leave a request, and specialists will contact you at any time convenient for you.
Caroline is a dedicated writer with a passion for keeping readers informed. Specializing in providing the latest news updates and unbiased reviews, she strives to deliver accurate and insightful content. With a keen eye for detail and a commitment to journalistic integrity, Caroline ensures that her readers are always well-informed. Stay tuned for her latest articles to stay up-to-date on current events and trends.
