DAMAC Villas by Paramount
About the project
DAMAC Villas by Paramount Hotels & Resorts is a community located in DAMAC Hills. Developed by DAMAC Properties, the project offers units with floor plans featuring three to six bedrooms.
The community is situated near several restaurants, clubs, golf courses, and recreation areas. The community offers many unique amenities, including a large movie theatre, kids club, and themed beach club.
DAMAC Villas by Paramount Hotels & Resorts has units for sale ranging from 3,203 square feet (298 square metres) to 11,403 square feet (1,059 square metres), and prices range from AED 3,400,000 (USD 903,000) to AED 14,200,000 (USD 3,866,000).
*The price is valid for 2021
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Location
Residents can do their daily or weekly grocery shopping at many nearby stores, such as Zoom and Geant Express Mudon, which are located within a 10-minute walk of the community. Carrefour Supermarket is also reachable within a 7-minute drive, and one of Dubai’s largest shopping malls, City Centre Me’aisem, is located within a 15-minute drive.
DAMAC Villas by Paramount Hotels & Resorts is situated near several mosques, including Arabian Ranches Mosque and Al Madina Al Mustadama Mosque, which are located within five minutes of the community.
Families with children can take advantage of nearby nurseries and schools. Blossom Mudon Nursery, Ranches Primary School, South View School, and Jebel Ali School are located within a 10-minute walk of the community, and Crea Kids Nursery is located within a five-minute drive. The nearest universities are the University of Balamand – Dubai and the American University of Dubai, which are situated within a 20-minute drive.
Residents can choose from several nearby medical centres, including clinics that offer specialised care, such as cardiology, gastroenterology, endocrinology, and dermatology.
The 24-hour Emirates Hospital Day Surgery & Medical Centre is located within a 10-minute walk of the community, and the Aster Clinic Arabian Ranches is located within a seven-minute drive. Additionally, the Iranian Hospital Safa Polyclinic is situated within a 25-minute drive.
DAMAC Villas by Paramount Hotels & Resorts is located within a short drive of many popular city attractions and transportation hubs, including:
- Palm Jumeirah, Ibn Battuta Mall, Mall of the Emirates, and Al Maktoum International Airport (25 min.)
- Burj Al Arab, The Walk JBR, and Dubai Mall (30 min.)
- Dubai International Airport (35 min.)
- La Mer by Meraas (40 min.)
Payback
DAMAC Hills is an ideal neighbourhood for families and sports enthusiasts. The return on investment rate for a property at DAMAC Villas by Paramount Hotels & Resorts is approximately 5%. The annual rental cost for a unit ranges from AED 350,000 (USD 95,000) to AED 370,000 (USD 101,000), which is considered to be a good passive income for investors. Depending on the unit’s size of the unit, the payback period for real estate is between 15 and 20 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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+971 4 428 6151
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Internet City, Dubai, UAE
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