Nova Hotel Villas is a complex of hotel villas in Damac Hills 2, a desert community located about 40 minutes by car to the south of downtown Dubai.
Developed by DAMAC Properties, the complex has 250 hotel villas with floor plans that feature three to six bedrooms. The building was constructed using energy-efficient materials and solar water heating systems.
Villa owners have access to all of the hotel services, including 24-hour upkeep of the building and its grounds. Villas also come with access to a private garden, library, fully-equipped kitchen, swimming pool, and two parking spaces.
The starting price for purchasing a villa at Nova Hotel Villas is AED 1,754,000 (USD 478,000).
Investing in property in the Damac Hills 2 area has proven to be a profitable venture for many owners. The developer projects that this part of Dubai will be considered one of the most prestigious areas to own property in the coming years. The average return on investment rate for this type of residential property in the area is approximately 6%. Nova Hotel Villas property owners can expect their investment to pay off fairly quickly, unlike some areas which can take more than 10 to 15 years.