Finance · DAMAC Hills

Getting a Mortgage in DAMAC Hills

Deposit rules, rates and lender criteria for financing a DAMAC Hills property as a resident or non-resident.

Price per sqft

AED 1,500 per sqft

1-bed rent

AED 90,000/yr

Gross yield

7–8%

Short-let occupancy

66%

Deposit and rates

Expat residents put down 20% on properties under AED 5M, non-residents typically 40–50%. Fixed rates in 2026 sit in the 3.9–4.9% range for 1–5 year terms. On a AED 1,170,000 unit in DAMAC Hills that means a deposit from roughly a fifth of the price plus costs.

Pre-approval first

Get pre-approval before viewing in DAMAC Hills. It takes 3–5 days, is valid 60–90 days, and gives you the leverage to close quickly on the units that actually move.

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.

Frequently asked questions

Can non-residents get a mortgage for DAMAC Hills property?

Yes — a smaller pool of banks lend to non-residents, usually at 40–50% down and slightly higher rates.

What is the maximum mortgage term?

25 years, up to age 65 for salaried buyers and 70 for self-employed.