The real estate market in Dubai is on the rise right now with the launch of exquisite projects from time to time. Despite the launch of new projects, DAMAC Hills 2 is still the first preference for investors and home seekers. Out of all the flats, the Verona Townhouses stand out the most in the market due to its modern design, spacious layouts, and family-friendly amenities.
Thus, if you are thinking about buying a house in this place, you must read this comprehensive guide right here. Here you will find all the information that you need to know about; the step-by-step buying process, location, investment potential, and much more.
Why Verona Townhouses of DAMAC Hills 2 is best?
A well-established community
DAMAC Hills 2 is an established community and it holds quite a good reputation in the market. The community offers:
- Surrounded by lush green garden landscapes.
- Reputed Educational institutes are in close vicinity for families.
- Nearby retail and dining hubs for entertainment purposes.
- Comprises swimming pools, jogging tracks, and sports courts.
Verona Townhouses are made especially for modern families and to match their lifestyle to that of living in a resort.
Strategic Location
For easy connectivity and transportation, the location was decided strategically. Below is the list of location activities:
- Dubai Miracle Garden and Global Village – 15 minutes away
- Mohammed Bin Zayed Road – 20 minutes away
- Dubai International Airport (DXB) – 25 minutes away
- Downtown Dubai and Dubai Mall – 35 minutes away
More road expansions will be taking place in the upcoming months of 2025, which will improve road accessibility.
Affordability in comparison to other communities
The prices of flats in Palm Jumeirah and Emirates Hills are at par, but at Verona Townhouses you’ll find premium living houses at affordable prices making it easily accessible to the people. It is an ideal place for:
- First time home seekers
- People looking for long-term luxury houses
- Investors who are seeking a project with high rental yields.
Step-by-Step Procedure for Property Purchase
Step 1: Units for Research and Shortlisting
Look through listings on the official DAMAC portal, Bayut, or Property Finder.
- Schedule a virtual tour or stop by the DAMAC sales center.
- Compare the views, payment methods, and unit sizes.
Step 2: Safe Funding (If Required)
Bank Mortgage Choices:
- Programs for first-time buyers (lower down payments)
- Rates that are fixed versus variable (carefully compare terms)
- The preapproval procedure takes two to three business days.
Pro Tip: Green home loans for energy-efficient properties are available from certain banks.
Step 3: Sign the SPA and Make an Offer
Yes, some discounts may still be available in 2025, so haggle over the price!
- The Sales & Purchase Agreement (SPA) should be signed.
- Pay the reservation fee, which is typically 10%.
Step 4: Pay registration and transfer fees
- Buyers will have to pay 4% of the Dubai Land Department fee.
- Admin Fee, this ranges between AED 5,000 to AED 10,000.
- 0.25% of the loan amount as a mortgage registration fee.
Step 5: Property handover and moving in
- For each property sale, DAMAC builders must prepare a list of minor faults in the apartment.
- Setting up for DEWA and Ejari Registration procedure.
- As a buyer you can customize your home in any way you want.
Pros and Cons for Verona Properties
If you are still in doubt about the purchase of Verona Townhouses, then you might want to have a look at the points given below.
Pros:
- In comparison to Arabian Ranches and Palm Jumeirah, the entry price is under the budget.
- High rental demand among the families.
- Surrounded by exquisite and prestigious communities
- To relieve buyers from financial constraints, it has an attractive payment plan for all buyers.
Cons:
- The project is under development, some of the amenities are taking time to complete. Therefore, if you’d like to move into your luxury house now, then this might not be the best choice for you.
- For frequent travelers to Central Dubai, this place might not be ideal for you because the distance can only be covered by car.
- You’ll have to pay for its annual service charge, which is approximately AED 8 to 12 sq. ft.
Investment Potential for the Verona Townhouses
Demand & Rental Yields
Rental demand for Verona townhouses is consistent, particularly among families. ROI anticipated in 2025:
- AED 110,000 to AED 140,000 per year for 3BR rentals
- AED 140,000 to AED 180,000 per year for 4BR rentals
Gross yields are higher than many apartments in Dubai, averaging 5–7%.
Future Appreciation Factors
- Dubai’s 2040 Urban Master Plan (improving suburban communities)
- Expo 2025 momentum (increased expat inflow)
- Upcoming DAMAC Hills 2 expansions (new retail & schools)
Analysts estimate that well-located townhouses will appreciate by 5–8% annually.
Final Thoughts!
To sum up the blog above, we’d say that the DAMAC Hills 2 is an ideal place to live. You can enjoy several amenities, upgrade your lifestyle, and have a profitable investment opportunity. Ask a reputed real estate agent nearby for more details.