ELO

By DAMAC Properties in DAMAC Hills 2, Dubai

Price from: AED 1,397,000; about £286K or $380K
Payment plan: 5/55/40; 60% before handover
Handover: Q3 2028
Status: Under construction

Rendering of the curved ELO building among trees in DAMAC Hills 2

Rendering of the front of the ELO building with its curved balconies

Interior rendering of a living and dining area opening onto a balcony

Rendering of a pool terrace with a fire pit and seating at dusk

Interior rendering of a two-bedroom living room and kitchen

Rendering of the lazy river in DAMAC Hills 2

Payment plan

5/55/40

60% due before handover

Booking depositOn booking5%AED 69,850
During construction17 instalments from month 1 to month 18 after purchase55%AED 768,350
On completionQ3 202840%AED 558,800
Paid before handoverAED 838,200

DAMAC plan PP-641416 (August 2026), published for 2-bedroom apartments. DAMAC's schedule shows 9% due immediately; the instalments total 104% of the price, so this includes the 4% DLD registration fee.

Amounts are worked on a 2-bedroom apartment at its starting price of AED 1,397,000.

Model your own price How payment plans work

For 2-bedroom apartments

Homes and prices

ELO offers 2-bedroom apartments. Open a home type for its payment schedule, buying costs and the nearest alternatives.

2-bedroom apartmentsFrom AED 1.4M986 to 1,033 sq ft, AED 1,417 per sq ft, Six units listed on DAMAC's site on 13 November 2026.

Starting prices are the published figures from the sources listed on this page, checked 13 November 2026. Sterling figures are indicative conversions. Ask for today's availability before relying on any figure.

Apartments
2 bed
986 to 1,033 sq ft
14 floors
Freehold

Developer: DAMAC Properties
Location: DAMAC Hills 2, Dubai
Sales launched: March 2024

Overview

A 14-floor apartment building overlooking the parkland of DAMAC Hills 2. Two-bedroom apartments listed from AED 1,397,000 in November 2026, with handover now shown as Q3 2028.

ELO is the first of three similar apartment projects by DAMAC in DAMAC Hills 2, the large townhouse and villa community in outer Dubailand. DAMAC describes a curved 14-floor building with cascading balconies looking over the community's parkland, offering one- and two-bedroom apartments. DAMAC records the launch as March 2024. Residents share the community's facilities, including the Malibu Beach wave pool, a lazy river, sports fields, a fishing lake and DAMAC Hills 2's own mall with a Carrefour supermarket.

On 13 November 2026 DAMAC's website listed six two-bedroom apartments, from 986 to 1,033 sq ft and priced from AED 1,397,000 to AED 1,481,000. These are the units on offer in November 2026, not the full range. One-bedroom apartments appear in DAMAC's FAQ but none was listed for sale online that day. Property Finder still shows launch prices of AED 547,000 for a one-bedroom and AED 818,000 for a two-bedroom; those are historical figures and well below what DAMAC asks today.

The published plan for the two-bedroom units (PP-641416, August 2026) asks for 9% immediately, 55% in 17 instalments between month 1 and month 18 after purchase, and 40% on completion. The instalments total 104% because the immediate payment includes the 4% DLD registration fee, which leaves 5% as the developer's booking deposit. DAMAC's project page headlines a 1% plan, which does not match this schedule.

Timing is the main thing to check. DAMAC's FAQ and the project page's headline figures still give completion in December 2026, and Property Finder agrees, but DAMAC's unit cards now show the third quarter of 2028. Property Finder recorded construction at about 13% in December 2025, which fits the later date better. Plan on Q3 2028 and confirm it in the sale agreement. Property Finder did not mark the project as sold out and showed more than 200 resale listings, so compare resale prices before buying from DAMAC.

Who it suits: buyers who want a two-bedroom apartment with community leisure on the doorstep at a lower entry price than central Dubai, and investors who expect rental demand from DAMAC Hills 2's large resident base. What to weigh: a handover date that has already moved back by well over a year, 55% due within 18 months of purchase, and the distance from the coast and the main business districts. DAMAC puts Al Maktoum International Airport about 30 minutes away and Dubai International Airport about 45 minutes.

Buying costs

Government fees are paid on top of the purchase price. This is the position for the entry-level home; costs scale with price. In Dubai the registration authority is the DLD.

Purchase priceEntry 2-bedroom apartment at ELOAED 1,397,000

DLD transfer fee (4%)Paid to the Dubai Land Department on registration. The department lists it as 2% from each party, but contracts almost always pass the full 4% to the buyer, so a developer's '50% DLD waiver' means the developer is paying its own listed half. Off-plan, it is paid when the sale is registered in the Oqood system.AED 55,880

Oqood registration admin feeOqood portal fee of AED 1,000 plus knowledge and innovation fees, for registering the off-plan sale contract.AED 1,020

Estimated total to completeAED 1,453,900about £298K

Developers may add their own administration charge on off-plan sales. It is set by the developer, not the land department, so it is not included in this estimate: ask for it in writing before you reserve. Adjust the assumptions in the buying cost calculator.

Golden Visa. Homes here are priced below the AED 2 million threshold for the 10-year visa, though properties can be combined to reach it. Check eligibility

Location

In DAMAC Hills 2, outer Dubailand, overlooking the community parkland, with the DAMAC Hills 2 mall in the community. Drive times are DAMAC's approximate figures from the community.

Jebel Ali School, DAMAC Hills: 10 min
GEMS Metropole School, Motor City: 15 min
Fairgreen International School: 15 min
Dubai Outlet Mall: 15 min
First Avenue Mall, Motor City: 15 min
Aster Medical Centre: 15 min
Mediclinic Parkview Hospital: 20 min
City Centre Me'aisem: 20 min
Al Maktoum International Airport: 30 min
Dubai International Airport: 45 min

Approximate drive times in normal traffic.

About DAMAC Hills 2

A 55 million sq ft master community with about 11,000 completed homes, according to DAMAC in September 2026
Homes listed from about AED 375,000 on Bayut when checked in November 2026
Supermarket, clinic and nursery inside the community, plus a wave pool, equestrian park and other leisure facilities
Between Jebel Ali Lehbab Road (E77) and the Al Ain Dubai Highway (E66), about 30 minutes from Al Maktoum International Airport on Bayut's estimate

DAMAC Hills 2 area guide

Amenities

Pool
Swim-up bar
Climbing wall
Malibu Beach wave pool
Sports fields
Fishing lake
Lazy river

Developer: DAMAC Properties

Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers.

Founded: 2002
Headquarters: Dubai, UAE
Ownership: Privately held by founder Hussain Sajwani. Listed on the Dubai Financial Market from 2015 and delisted in 2022 after he bought out the minority shareholders.

DAMAC Properties profile and track record

Adviser's view

What works

Two-bedroom apartments from about AED 1.4 million, a lower entry price than most of Dubai's established communities.
Inside DAMAC Hills 2, with the wave pool, lazy river, sports fields and community mall already open.
Only 5% plus the DLD fee is due on booking, with 40% left until completion.
A large resale market for the project, which helps when you come to sell.

What to weigh

Handover has moved from December 2026 to Q3 2028 on DAMAC's unit cards; Property Finder recorded construction at about 13% in December 2025.
55% of the price is due within 18 months of purchase, well before completion.
DAMAC Hills 2 is a long drive from the coast and the main business districts.
More than 200 resale listings on Property Finder means competition when you rent or sell.

Questions buyers ask

What is the starting price at ELO?

On 13 November 2026 DAMAC listed two-bedroom apartments from AED 1,397,000 to AED 1,481,000, for 986 to 1,033 sq ft. No one-bedroom apartments were listed online that day.

When is ELO due for handover?

DAMAC's unit cards give the third quarter of 2028. DAMAC's FAQ and Property Finder still say December 2026, so confirm the contractual date in the sale and purchase agreement.

What is the payment plan at ELO?

DAMAC's plan PP-641416 (August 2026) asks for 9% immediately, including the 4% DLD registration fee, then 55% in 17 instalments over 18 months and 40% on completion.

How tall is ELO?

DAMAC describes ELO as a 14-floor building with curved, cascading balconies overlooking the DAMAC Hills 2 parkland.

Who is the developer of ELO?

ELO is being developed by DAMAC Properties. About DAMAC Properties: Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers.

Can foreigners buy at ELO?

Yes. DAMAC Hills 2 is a designated area where buyers of any nationality can own freehold property, whether or not they live in the UAE. The purchase is registered with the DLD.

Does buying at ELO qualify for a Golden Visa?

Not on its own at current prices: the 10-year Golden Visa needs property worth AED 2 million or more, and homes here start from AED 1.4M. Two or more properties can be combined to reach the threshold. See our Golden Visa guide.

What fees are payable on top of the price at ELO?

The main cost is the DLD transfer fee (4%). On the entry price of AED 1,397,000 that comes to about AED 55,880, plus small administration charges. There is no stamp duty, no annual property tax and no tax on rental income for individuals in the UAE, though your home country may tax you. Our buying cost calculator itemises it.

Sources and verification

Facts on this page were last checked on 13 November 2026. Prices, availability and payment plans are set by the developer and can change without notice; treat them as a guide until you have a current offer in writing.

Start your enquiry

Starting prices are the published figures from this page's sources, checked 13 November 2026.

Choose a home type

2-bedroom apartments

5/55/40 plan

Due on booking: AED 69,850
Paid before handover: AED 838,200 (60%)
Registration fees, estimate: AED 56,900
Total to complete: AED 1,453,900

Fees are the published registration charges. Developers usually collect them at or soon after booking and can add their own administration charge. Every stage