DAMAC Villas by Paramount Hotels & Resorts is a community located in DAMAC Hills. Developed by DAMAC Properties, the project offers units with floor plans featuring three to six bedrooms.
The community is situated near several restaurants, clubs, golf courses, and recreation areas. The community offers many unique amenities, including a large movie theatre, kids club, and themed beach club.
DAMAC Villas by Paramount Hotels & Resorts has units for sale ranging from 3,203 square feet (298 square metres) to 11,403 square feet (1,059 square metres), and prices range from AED 3,400,000 (USD 903,000) to AED 14,200,000 (USD 3,866,000).
DAMAC Hills is an ideal neighbourhood for families and sports enthusiasts. The return on investment rate for a property at DAMAC Villas by Paramount Hotels & Resorts is approximately 5%. The annual rental cost for a unit ranges from AED 350,000 (USD 95,000) to AED 370,000 (USD 101,000), which is considered to be a good passive income for investors. Depending on the unit’s size of the unit, the payback period for real estate is between 15 and 20 years.