About Park Greens Phase 2

Luxury 5-bedroom twin villas in an exclusive community
Located in the verdant Damac Hills 2 with 5.1 million m² of parkland
Modern architecture with floor-to-ceiling windows and customisable interiors
Extensive amenities including sports facilities and water attractions
Conveniently located just 15 minutes from key retail and medical facilities

Park Greens Phase 2 at Damac Hills 2 (Dubai): Luxury homes by Damac Properties

Park Greens Phase 2 in Damac Hills 2 is a prestigious real estate project developed by Damac Properties, a name synonymous with quality and innovation in Dubai. This project offers a unique living experience through the harmonious combination of luxury, nature, and modern architecture. The twin villas, each with five bedrooms, are designed for families seeking space, comfort, and style. The project is distinguished by its expansive park landscapes of 5.1 million m², allowing residents to enjoy a serene and green environment. In addition, there are numerous amenities, such as sports facilities and water attractions, that enrich daily life. The handover is scheduled for the first quarter of 2027, making this an excellent opportunity for investors looking to benefit from Dubai’s growing real estate market. Prices are available upon request, indicating the exclusivity of this project.

Home types and layouts at Park Greens Phase 2 Damac Hills 2 (Dubai)

The twin villas in Park Greens Phase 2 are impressive homes with an area of 329.06 m², perfect for families who appreciate space and luxury. Each villa features five bedrooms, providing ample privacy and comfort for all occupants. The architecture is characterised by floor-to-ceiling windows, which allow for an abundance of natural light and a seamless connection to the surrounding parks. The interior can be fully customised to personal preferences, giving each villa a unique appearance. Modern design accents, such as high-quality materials and intelligent space planning, contribute to a sense of refinement. Furthermore, the villas offer practical amenities such as generous living spaces, modern kitchens, and spacious terraces. This makes them suitable not only for permanent residence but also as a holiday home or investment property in vibrant Dubai.

About the developer Damac Properties and the Park Greens Phase 2 design

Damac Properties, the developer behind Park Greens Phase 2, is one of the most renowned names in Dubai’s real estate world. With a track record of successful projects, Damac is known for its attention to detail, innovative designs, and high-quality finishes. This project is no exception. The twin villas are built with sustainable materials and advanced construction techniques, ensuring longevity and energy efficiency. The community is designed so that residents can enjoy a balanced mix of privacy and a sense of community. Furthermore, Damac Properties has a strong reputation for adhering to deadlines, giving investors confidence that the project will be handed over on time. The combination of reliability and luxury makes this project a sound choice for both private individuals and investors.

Prime location in Damac Hills 2 (Dubai) near key Dubai destinations

Damac Hills 2, the location of Park Greens Phase 2, is one of the most sought-after residential areas in Dubai due to its perfect balance of tranquillity and accessibility. The project is just a 15-minute drive from key facilities such as Aster Medical Centre, Dubai Outlet Mall, and First Avenue Mall. For those wishing to shop or relax further, the Mall of the Emirates is reachable within 30 minutes. Al Maktoum International Airport is also within half an hour’s reach, which is ideal for frequent travellers. The area is dominated by expansive parks and water features, providing a pleasant living environment. In addition, there are numerous recreational opportunities, such as walking paths, sports fields, and playgrounds for children. All this makes Damac Hills 2 a perfect place for families to enjoy both nature and urban conveniences.

Flexible payment plan for Park Greens Phase 2 homes

The payment plan for Park Greens Phase 2 is currently available upon request, meaning flexible options are available for potential buyers. We can provide you with detailed information on the various financing possibilities. Generally, developers in Dubai offer attractive payment plans, with payments spread across the construction period. This can consist of a small down payment followed by instalments linked to the project’s progress. We are happy to advise you on the best approach depending on your personal situation and financial objectives. Please feel free to contact us for a no-obligation discussion about the possibilities of investing in this exclusive project.

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Monthly payments and your own funds

How much do you need for Park Greens Phase 2, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE? No, non-resident Yes, UAE resident

Purchase price AED 2,880,000 Finance at handover 40% Maximum 40%: 40% is due at handover, and banks generally finance no more than 50% for non-residents. Interest rate 3.6% Term 25 years

Monthly payments after handover

AED 5,829

≈ € 1,400 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan: AED 1,728,000≈ € 414,700
Your funds at handover: AED 0≈ € 0
Mortgage at handover: AED 1,152,000≈ € 276,500
Purchase costs4% DLD fee and mortgage costs: AED 130,470≈ € 31,300
Total funds required: AED 1,858,470≈ € 446,000

Request finance guidance for Park Greens Phase 2

How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)	Maximum mortgage
First home up to AED 5m	80%
First home above AED 5m	70%
Second home or investment	60%
Off-plan, before handover	50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Location

Damac Hills 2, Dubai Al Maktoum International Airport: 30 minutes (car) · Aster Medical Centre: 15 minutes (car)

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Travel times from Park Greens Phase 2

Al Maktoum International Airport: 30 minutes (car)

Aster Medical Centre: 15 minutes (car)

Dubai Outlet Mall: 15 minutes (car)

First Avenue Mall: 15 minutes (car)

Mall of the Emirates: 30 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

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