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DAMAC Hills 2 (Akoya Oxygen)

DubaiStable

DAMAC's outer-suburban master community (formerly Akoya Oxygen), mostly townhouses — at the accessible end of Dubai's villa market.

Freehold (open to foreign buyers)SuburbanDAMACTownhousesAffordable

661 residential sales in the last three months (+1102% year on year). Median price AED 1,681 per sq ft (AED 18,098/m²); the mix-adjusted price index is +10.1% year on year and -1.6% over three months. 100% of sales are off-plan. Indicative gross yield 4.9%. Market phase: Stable (stress 27.9/100).

Median price (3 months)AED 1,681 / sq ft (AED 18,098 / m²)
Mix-adjusted price index, year on year+10.1%
Mix-adjusted price index, 3 months-1.6%
Residential sales (3 months)661 (+1102% y/y)
Off-plan share100%
Gross yield (indicative)4.9%
Market phase / stressStable / 27.9
Price bandAffordable
Mix-adjusted price index (start = 100)90.095.0100.0105.02025-042025-072025-102026-032026-062026-09
Median price, AED per sq ft (monthly)1,4001,5001,6001,7001,8001,9002024-032024-082025-012025-062025-112026-052026-10
Residential sales per month02004002024-032024-082025-012025-062025-112026-052026-10

By bedrooms (last 12 months)

TypeSalesAED / sq ftMedian price (AED)Size (sq ft)
Studio9561,906733,000388
1BR5881,6601,256,320753
2BR1861,5451,815,4701,163
3BR2161,4411,691,0251,141
4BR171,4632,217,0001,894
5BR+141,4232,501,2501,701

Rents (Ejari registrations, 2026-05〜2026-10)

1,133 contracts · median annual rent AED 65,000 · AED 77 per sq ft a year

Data as of 2026-10-10. The mix-adjusted index compares like-for-like sales (same project and unit type) month to month, so it is not moved by changes in what happens to sell.

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Sources: Dubai Land Department (DLD Open Data; Dubai sales before 2026 via the CC BY 4.0 republication by Dubai Real Estate Data, dubairealestatedata.com), Ejari rent contracts, Abu Dhabi Real Estate Centre (ADREC), FRED, New York Fed, US Treasury. Residential (apartment and villa) sales only; cells with fewer than 5 sales are hidden. Information only, not investment advice.