Overview

Property Description

Developer DAMAC Properties announced the launch of Golf Greens in the third quarter of 2023. The property will feature 1-2 bedroom apartments with total areas ranging from 652 sq. ft to 1,644 sq. ft, as well as two-storey townhouses with 2-3 bedrooms. The property will offer a tranquil view of the golf course from its residences. In each residence, there will be a landscaped balcony, and some of the townhouses will have their own gardens. The residences will be designed in a minimalist style, with calm, warm color tones that blend beautifully with earthy hues. There will be porcelain tile floors in all the rooms, a built-in wardrobe in the bedroom, and a refrigerator, stove, ventilator hood, and washer and dryer in the kitchen. Trump International Golf Club has an 18-hole golf course designed by Gil Hans, a clubhouse with restaurants and a sports lounge, and residents may enjoy golf cart rides around the green hills and fairways. In addition to the massive wave pool at Malibu Bay, DAMAC Hills also offers a luxurious beach and a huge wave pool. In addition to a skate park, sports courts, petting zoo, horse stables, and more, DAMAC Hills includes a 4-million-square-ft park with themed relaxation zones. AED 984K (USD 268K) is the starting price for 1-bedroom apartments. The developer will be offering full floors for sale at a price of AED 8.5M (USD 2.3M). *Prices are valid for 2023 In addition to bus stops, supermarkets, entertainment, a shopping centre, and medical facilities, Golf Greens is located in an area with ready infrastructure. In addition to the close proximity to a school and kindergarten, pet owners can enjoy walking their pets in the designated walking area near their home. If you are looking for a stable passive income investment, Golf Greens real estate will prove to be an excellent choice. According to Property Finder, as of July 2023, the average rent for a 1-bedroom apartment in DAMAC Hills is AED 58K (USD 16K), showing a 6.9% ROI. With a 2 % savings rate, investors can either build a house of their dreams or rent out the space. After handover, investors can resell the apartments and make a large profit. In Q1 2028, the developer plans to deliver the project using an 80/20 payment plan that allows buyers to pay just 1 percent per month. Foreigners can obtain a 2-year residence visa if they purchase a property worth AED 750K (USD 204K) or more, while investors who invest AED 2M (USD 545K) or more are eligible for a 10-year Golden Visa.

Location