Claret

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Key Details

Type
Townhouses

Overview

Developed by DAMAC Properties, Claret is a community of 315 townhouses and villas in Damac Hills 2. The community, completed in 2019, features high-end two and three-storey units with three to six bedrooms. The minimum size of a unit is 1,570 sq. ft. (146 sq. m.), and the maximum size for a 6-bedroom luxury villa is 4,700 sq. ft. (437 sq m.).

Each townhouse and villa feature spacious bedrooms and large terraces. On-site parking is also provided to residents.

Units range in price from AED 1,000,000 (USD 272,000) to AED 3,700,000 (USD 1,007,000).

Damac Hills 2 is considered an up-and-coming area of Dubai. Therefore, the purchase of a property in this area is considered to be a profitable investment.

Claret offers townhouses and villas with an annual rent ranging from AED 58,000 (USD 16,000) to AED 160,000 (USD 44,000). Property owners in this community can expect a return on investment within 20 to 25 years.

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