Gems Estates phase 2 By Damac in DAMAC Hills
Gems Estates phase 2 By Damac · DAMAC Hills, Dubai
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Launch Price
AED 24.11M
Property Type
Villa
Bedrooms
5 - 7 Beds
Payment Plan
20/40/40
Handover
TBC
Projected Yield
3.8 to 6.0%
DAMAC Hills gains 5 - 7 beds villa units through Gems Estates phase 2 By Damac, with entry pricing at AED 24.11M. Buyers pay 20% on booking, 40% across the construction phase, and settle the final 40% on handover. Market conditions in DAMAC Hills support projected gross yields between 3.8 and 6.0 percent per year for this category of off-plan. For premium off-plan investment in DAMAC Hills, MonthlyDubai provides free shortlisting based on your exact monthly instalment target.
Payment Plan Breakdown
From AED 332,579/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 4,822,400 Due on signing SPA |
|
| During Construction | 40% | AED 332,579/mo 29 monthly instalments |
|
| On Handover | 40% | AED 9,644,800 Due at TBC |
|
| Total | AED 24,112,000 | ||
On Booking
20%
AED 4,822,400
Due on signing SPA
During Construction
40%
AED 332,579/mo
29 monthly instalments
On Handover
40%
AED 9,644,800
Due at TBC
Total
100%
AED 24,112,000
Questions about Gems Estates phase 2 By Damac
What payment plan does Gems Estates phase 2 By Damac offer?
Gems Estates phase 2 By Damac uses a 20/40/40 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in TBC.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Gems Estates phase 2 By Damac fits your budget and send you comparable alternatives.
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