The eight steps
Shortlist and view, agree price, sign Form F (MOU) with a 10% deposit, seller applies for the developer NOC, book the trustee office appointment, pay the 4% DLD fee and manager's cheques, receive the title deed, then hand over keys. Cash deals close in 2–4 weeks, mortgaged deals in 4–8.
Budget for DAMAC Hills
At AED 1,500 per sqft, a typical unit here transacts near AED 1,170,000. Add 4% DLD, ~AED 4,200 trustee fee, 2% agency and 0.25% mortgage registration if financed.
DAMAC Hills at a glance
DAMAC Hills is a golf community of villas and apartments with resort-style amenities. Buying sits at AED 1,500 per sqft — roughly AED 1,170,000 for a standard one-bedroom — while long-term tenants pay about AED 90,000 a year. Hosted as a licensed holiday home, the same unit averages AED 518 a night at 66% occupancy, around AED 124,786 gross. Owners on our managed programme average AED 172,205 — a 38% uplift.
