Property Overview
A 4-bedroom corner townhouse in the Violet cluster, Damac Hills 2 at AED 1,900,000 for 2,415 sqft, equalling AED 787 per sqft. The original purchase price was AED 2,070,000, representing a saving of AED 170,000 (8.2%). Corner unit. Handover expected in approximately 2 months.
Property Highlights
- Type: 4-bedroom corner townhouse
- Size: 2,415 sqft
- Asking price: AED 1,900,000
- Original price: AED 2,070,000
- Saving: AED 170,000 (8.2%)
- Rate: AED 787 per sqft
- Configuration: Corner unit
- Handover: Approximately December 2026
Cluster Identification
The agent brief names the property as 'Damac Hills 2 Townhouse' without specifying the cluster. The 2,415 sqft size is an exact match for the published corner unit floor plan in the Violet cluster (middle units are 2,352 sqft). Combined with the corner configuration and the Q4 2026 handover target, the most likely match is Violet Phase 3. Buyers should confirm the cluster from their SPA documentation.
Below OP Analysis
At AED 1,900,000 vs AED 2,070,000 OP, the saving is AED 170,000 (8.2%). Including the 4% DLD fee on the original purchase (approximately AED 82,800), the seller's total loss is approximately AED 252,800.
Market Comparison
The Q1 2026 DLD average for 4BR resale townhouses in Damac Hills 2 was AED 2,159,362 across 27 recorded transactions. The community-wide price per sqft averaged AED 937, with a 13.6% year-on-year increase. At AED 787 per sqft, this listing is:
- 12% below the DLD average for 4BR townhouses (AED 2,159,362)
- 16% below the community average per sqft (AED 937)
- Below the entry-level 4BR median of AED 2,100,000
The lower price reflects the off-plan status (pre-handover resales typically trade at a discount to ready units) and the distress nature of the sale.
About Violet Cluster
Violet is a townhouse cluster within Damac Hills 2 offering 4-bedroom townhouses in two configurations: mid-row (2,352 sqft) and corner (2,415 sqft). The cluster has been released in multiple phases (Violet 1 through 4), with handover targets ranging from Q4 2026 to Q3 2027 depending on the phase.
About Damac Hills 2
Damac Hills 2 (formerly Akoya by Damac, then Akoya Oxygen) is a master-planned community by Damac Properties in Dubailand, off Al Qudra Road. Amenities include Malibu Beach (wave pool), Sports Town (tennis, basketball, football), equestrian park, floating cinema, golf course, cycling and jogging tracks, retail outlets (Carrefour Market, Choithrams), nursery, schools (GEMS Metropole, South View) and a Saudi German Clinic within the community.
Handover Caution
The agent says handover in 2 months. Violet Phase 3 has a Q4 2026 target. However, two 2024-launched Damac Hills 2 phases have slipped 6 to 11 months past stated delivery dates. The original Violet was sold with a Q2 2026 handover that has already passed. Buyers should verify the current construction status via the Oqood certificate and the Dubai REST app.
Verification Notes
The asking price, OP, size, corner configuration and handover timeline are from the agent brief. The cluster is identified as Violet based on the exact floor plan size match (2,415 sqft = Violet corner unit). The 8.2% discount and AED 170,000 saving are verified (2,070,000 minus 1,900,000). Buyers should confirm the cluster name, phase number and remaining payment schedule.