Greenwoods

Greenwoods is a residential development by DAMAC Properties located at the verge of the DAMAC Hills master development, also known as AKOYA, in the very heart of Dubailand. DAMAC Hills is known for mixed-use and conceptual projects that provide its residents with premium accommodation options and all that they might require in terms of amenities.

Greenwoods at DAMAC Hills is a residential project that is going to consist of three- and four-bedroom townhouses. It is currently under construction and is expected to be handed over by November 2024. Every unit features a small backyard along with spacious rooms and a kitchen, considering that areas start from 1980 sq. ft. However, investors should note that appliances for a kitchen are not included in the developer’s offer.

Since Greenwoods is part of DAMAC Hills, its residents are going to have access to Trump International Golf Club Dubai – a state-of-the-art championship golf course designed by the architect Gil Hanse. As for the amenities in the area, there are a healthcare clinic, multiple supermarkets, a school, a large community park, a  skate park of 21,500 sq. ft, a swimming pool, children’s playgrounds, tennis courts, football fields, and other things that are meant to make residents’ life in this neighborhood comfortable and enjoyable.

As was previously mentioned, Greenwoods at DAMAC Hills features townhouses with three and four bedrooms. They consist of three floors – ground floor, first floor, and roof floor, the layout of which depends on the size of the unit. For example, a four-bedroom house has a bedroom on its ground floor and a maid’s room on the roof floor.

Prices for three-bedroom townhouses at Greenwoods at DAMAC Hills start at AED 1 678 000 (about USD 457 000).

Considering its location and all the amenities available at DAMAC Hills, Greenwoods has a huge potential of becoming a popular tourist lodging spot. It’s located rather close to various Dubai’s landmarks and its proximity to the Al Qudra road allows its residents to get quickly to other areas of the city. Plus, the Trump International Golf Club is going to attract numerous golf players and fans during events and training sessions. In other words, investors that are looking to invest in real estate that is going to be in great demand should take Greenwoods into serious consideration.

Since Greenwoods at DAMAC Hills is an off-plan development, there is no information whatsoever on the rental trends and ROIs in this particular neighborhood. However, DAMAC Hills is a rather large master community and already has somewhat steady trends and indicators. Considering the available data, three-bedroom units generates 5.4%, while four-bedroom houses feature 5% ROI. This can change by the time the project is completed and handed over, but at the moment these figures are the best anchor to date.