Dubai Community Data · Damac Hills 2 (Akoya Oxygen)

Damac Hills 2 (Akoya Oxygen): Prices, Yields & Resale Performance

Market name first, official registry name in brackets: Damac Hills 2 (Akoya Oxygen) (DLD: Madinat Hind 4). All figures are medians of registered transactions.

Data through July 2026 · Dubai Land Department registry

How have prices per square metre moved?

The median residential transaction price in Damac Hills 2 (Akoya Oxygen) is AED 9,382 per square metre in 2026 year-to-date, across 1,384 sales registered with the Dubai Land Department (data through July 2026). That is 15.5% below the 2025 full-year median. The table below shows the full annual series since 2019.

Residential sales only. Source: Dubai Land Department transaction records (1.66M parsed sales; 5.6M rental contracts), AXD in-house database. Data through 2026-07-29.

How large is the off-plan share?

2.4% of the 2,905 residential transactions registered in Damac Hills 2 (Akoya Oxygen) in the trailing 12 months to July 2026 were off-plan, per Dubai Land Department registration type — the rest were ready/existing sales.

DLD registration type, trailing 12 months to 2026-07-29.

Which projects trade the most?

DAMAC HILLS (2) - ELO 2 & ELO 3 is the most-traded project in Damac Hills 2 (Akoya Oxygen), with 1,090 registered residential sales in the trailing 24 months at a median of AED 13,388 per square metre (DLD registry through July 2026).

Ranked by number of registered residential sales, trailing 24 months. Linked names lead to the AXD project data page.

What do units cost by type?

A one-bedroom unit in Damac Hills 2 (Akoya Oxygen) had a median transaction price of AED 575,000 in the 12 months to July 2026, across 99 registered sales (Dubai Land Department).

Residential units, trailing 12 months.

What gross rental yield do apartments achieve?

Bedroom-matched gross yields in Damac Hills 2 (Akoya Oxygen) range from 6.7% to 9.3% over the 12 months to July 2026, per DLD sales and Ejari rental contracts. The figure divides the median new rent by the median sale price of the same unit type — before service charges and vacancy.

Median new rental contract ÷ median sale price of the SAME unit type, both trailing 12 months. Gross figure — before service charges, vacancy and management. Rent source: DLD/Ejari registered contracts.

What share of resales sold at a loss?

42.0% of 157 matched resales in Damac Hills 2 (Akoya Oxygen) closed below purchase price, per the full DLD registry history (through July 2026). Annualised returns span -5.1% at the 10th percentile to 14.4% at the 90th, with a median of 0.6% per year.

Matched buy-sell pairs of identical units across the full DLD history. Bands, not averages: the 10th-90th percentile range shows realistic dispersion.

Analyst note

Analysis of the Damac Hills 2 (Akoya Oxygen) dataset indicates significant fluctuations in median price per square meter over the past years, ranging from a low of 8,467.0 AED in 2023 to a high of 12,014.0 AED recorded in 2024. The trend shows year-over-year changes, with the median PSM moving from 9,695.0 AED in 2019 down to 8,614.0 AED in 2020, before stabilizing at 9,604.0 AED in 2021 and reaching 8,942.0 AED in 2022. The year-to-date median PSM for 2026 stands at 9,382.0 AED, reflecting a -15.5% change compared to the 2025 figure of 11,107.0 AED. In terms of current inventory structure, the off-plan share across the last 12 months was recorded at 2.4%. Rental yield metrics show a range based on bedroom count, with 0 bedrooms yielding 9.3%, 1 bedroom yielding 8.7%, and 2 bedrooms yielding 6.7%. Historical resale performance is characterized by a median annual return of 0.6%, set within a band from a 10th percentile return of -5.1% to a 90th percentile return of 14.4%. Furthermore, the dataset notes that 42.0% of historical resales resulted in losses.

Dubai market context

Frequently asked questions

What is the median price per square metre in Damac Hills 2 (Akoya Oxygen)?

AED 9,382 per square metre is the 2026 year-to-date median in Damac Hills 2 (Akoya Oxygen), based on 1,384 residential sales in Dubai Land Department records through July 2026. The registry lists the community as Madinat Hind 4. Figures are medians of registered transaction prices — not asking prices, which typically sit above closed deals.

What gross rental yield can apartments in Damac Hills 2 (Akoya Oxygen) achieve?

6.7% to 9.3% gross is the bedroom-matched yield range in Damac Hills 2 (Akoya Oxygen) over the 12 months to July 2026, per DLD sales and Ejari rental contracts. The calculation divides the median new rental contract by the median sale price of the same unit type. Service charges, vacancy and management costs are not deducted.

How did resale investments in Damac Hills 2 (Akoya Oxygen) perform historically?

0.6% per year is the median annualised resale return in Damac Hills 2 (Akoya Oxygen), across 157 matched buy-sell pairs in the full DLD registry history through July 2026. The band runs from -5.1% at the 10th percentile to 14.4% at the 90th, and 42.0% of resales closed below purchase price — dispersion, not an average.

What share of Damac Hills 2 (Akoya Oxygen) transactions are off-plan?

2.4% of the 2,905 residential transactions registered in Damac Hills 2 (Akoya Oxygen) in the 12 months to July 2026 were off-plan, per Dubai Land Department registration type. The remainder were ready/existing sales. The off-plan share indicates how much current activity depends on developer launches rather than the secondary market.

Which communities trade in a similar price band?

Ranked by proximity of the trailing-12-month median to Damac Hills 2 (Akoya Oxygen) (AED 9,438/sqm), from Dubai Land Department registered sales:

• Median prices & yields in Mirdif (Mirdif Hills) median AED 9,812/sqm, trailing 12 months
• Arabian Ranches: prices, yields & resale data median AED 11,579/sqm, trailing 12 months
• Median prices & yields in Barsha Heights (Tecom) median AED 12,351/sqm, trailing 12 months
• Median prices & yields in Town Square (Nshama) median AED 13,749/sqm, trailing 12 months

Sources & methodology. Transaction and rental figures: Dubai Land Department transaction records (1.66M parsed sales; 5.6M rental contracts), AXD in-house database, data through 2026-07-29. Resale pairs: 47,350 matched buy-sell pairs (AXD repeat-sales dataset). Market context: sources named per item. Medians are used throughout (robust to outliers). Page generated 2026-08-27; figures are not updated in real time.

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I run the same registry check on any Dubai property before a client buys — and I will tell you when the numbers say no. My family has been in the Dubai market for over 30 years; every figure on this page comes from our own Land Department database.

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This page is informational market research, not investment advice. Historical transaction data does not predict future performance. All figures are medians of registered transactions and can differ from asking prices.

Published by AXD Immobilien Dubai — Dubai real estate advisory for German-speaking investors, over 30 years of family history in Dubai real estate. Generated 2026-08-27.