Photos and renders of the building and grounds — not of this particular unit.
Avencia 2
1 BR · Apartment
About the building
Located in Damac Hills 2, completed in 2022.
Where it is
Damac Hills 2
Formerly Akoya Oxygen: a very large, very affordable community a long way out, with amenity that surprises people.
- highest villa yields
- lowest entry price for a house
- remote workers
What to check: Drive the route to wherever you or your tenant would actually work, at the time you would drive it. The distance is the whole trade here, and it is the single fact that determines whether this community works for you.
Full district guide →Questions and answers about lot NP1-338014
How much is this 1-bedroom apartment in Avencia 2?
Lot NP1-338014 is priced at AED 680 000, about $185 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
How does this price compare with other lots in Avencia 2?
The database holds 2 lots in Avencia 2 right now, from AED 660 000 to AED 680 000. 2 of them share this type and bedroom count: this lot is the most expensive.
What are prices like in Damac Hills 2?
The database holds 22 lots in Damac Hills 2, starting from AED 660 000. The area median is AED 973 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 7 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Damac Hills 2 area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2022 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 136 000; a loan of AED 544 000 over 25 years at 3.75–4.99% a year comes to roughly AED 2 800–3 200 a month. A non-resident puts down from 40% (AED 272 000) and pays about AED 2 100–2 400 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 27 200 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
The lot's price is AED 70 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 320 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →What is known about Avencia 2?
Completion year: 2022. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-338014 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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