DAMAC Heights is located along the popular promenade and the bay next to the yacht marina in the resort area of Dubai Marina. Within a 10-minute walk from the complex, you can walk to the quiet Al Manara Beach and the bustling JBR Beach. The postmodern 328-ft tower of DAMAC Heights was built by the major developer; DAMAC Properties, and the architectural project was created by Aedas.
The ready-to-move-in complex has 640 residences, including apartments with 1-4 bedrooms, 5-bedroom penthouses and 357 branded DAMAC Residenze, with interiors created in collaboration with the Italian brand Fendi Casa. The living areas of properties start from 657 sq. ft.
In October 2023, the price of a one-bedroom apartment in DAMAC Heights starts from AED 1.6M (USD 436K). The annual rental cost for this type of real estate starts at AED 160K (USD 43.5K).
DAMAC Heights is popular among business professionals and families with children. From the complex, you can quickly reach the business districts and the main attractions in the centre of the emirate as the development is well connected via road and public transport. The area has a developed infrastructure with many educational institutions, and just a few stops away from the tower is Dubai Knowledge Village, where many universities are concentrated.
The complex is ideal for investment, as you can rent out a property over a long-term period and receive a regular passive income. The ROI for 1-bedroom apartments in this development is currently 8%.
Buying real estate in DAMAC Heights allows you to apply for one of the resident visas available in the UAE. If you buy a home priced at more than AED 750K (USD 204K), you can obtain a two-year visa. Owners of real estate worth AED 2M (USD 545K) or more can apply for the Golden Visa, which is valid for 10 years.