ELO 2

By DAMAC Properties in DAMAC Hills 2, Dubai

Price from: AED 1,374,000; about £282K or $374K
Payment plan: 5/55/40; 60% before handover
Handover: Q4 2028
Status: Under construction

Rendering of the curved ELO 2 building at dusk

Rendering of the front of the building with its curved balconies

Rendering of a balcony looking over the trees and homes of DAMAC Hills 2

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

Interior rendering of a living room with a green kitchen and dining table

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

Aerial rendering of sports courts and landscaping in DAMAC Hills 2

Payment plan

5/55/40

60% due before handover

Booking depositOn booking5%AED 68,700
During construction23 instalments from month 1 to month 24 after purchase55%AED 755,700
On completionQ4 202840%AED 549,600
Paid before handoverAED 824,400

DAMAC plan PP-641414 (August 2026), published for 2-bedroom apartments at ELO 2 and ELO 3. 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 1,374,000.

Model your own price How payment plans work

For 2-bedroom apartments

Homes and prices

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

2-bedroom apartmentsFrom AED 1.37M983 to 1,037 sq ft, AED 1,398 per sq ft, Ten 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
983 to 1,037 sq ft
14 floors
Freehold

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

Overview

The second ELO apartment building in DAMAC Hills 2, near Water Town and facing the park. Two-bedroom apartments listed from AED 1,374,000 in November 2026, with handover now shown as Q4 2028.

ELO 2 follows the original ELO as the second of three apartment projects by DAMAC in DAMAC Hills 2. DAMAC places it near Water Town, overlooking the park, and describes a 14-floor building of one- and two-bedroom apartments. DAMAC records the launch as April 2024; Property Finder gives September 2024 for the start of sales. Residents use the same community facilities as ELO, among them the Malibu Beach wave pool, a lazy river, sports fields, a climbing wall and the DAMAC Hills 2 mall.

On 13 November 2026 DAMAC's website listed ten two-bedroom apartments, from 983 to 1,037 sq ft and priced from AED 1,374,000 to AED 1,488,000. These are the units on offer in November 2026, not the full range. One-bedroom apartments are mentioned in DAMAC's FAQ but none was listed online that day; Property Finder shows only a launch price of AED 577,000 for them. Property Finder also records a 1,030 sq ft two-bedroom resale selling for AED 1,363,250 in July 2026, slightly below DAMAC's cheapest listing, which suggests developer and resale prices are now close.

The plan DAMAC publishes for ELO 2 and ELO 3 (PP-641414, August 2026) asks for 9% immediately, 55% in 23 instalments between month 1 and month 24 after purchase, and 40% on completion. The instalments total 104% because the immediate payment includes the 4% DLD registration fee, so the developer's booking deposit is 5%. Spreading 55% over two years is gentler than the 18-month schedule at ELO, but it still means more than half the price is paid before the building is finished.

The handover date has moved more than once. DAMAC's FAQ still says December 2026, the project page's headline figures and Property Finder say the second quarter of 2027, and DAMAC's unit cards now give the fourth quarter of 2028. Property Finder recorded construction at about 1% in December 2025, so the latest date is the realistic one. Plan on Q4 2028 and confirm it in the sale agreement.

Who it suits: buyers looking for a two-bedroom apartment in a family community at a moderate price, and investors who can wait two years for rental income. What to weigh: an early stage of construction, a handover that has slipped by almost two years, competition from ELO and ELO 3 next door, and long drives to 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 ELO 2AED 1,374,000

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 54,960

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 1,429,980about £293K

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, near Water Town and overlooking the park, 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 AED 1,374,000, with ten units to choose from in November 2026.
Pre-completion instalments spread over 24 months, longer than at the first ELO building.
Community facilities, schools nearby and the DAMAC Hills 2 mall are already open.
Resale and developer prices were close in 2026, which limits the risk of overpaying the developer.

What to weigh

Handover now shows as Q4 2028 on DAMAC's unit cards, against December 2026 in its FAQ and Q2 2027 on Property Finder.
Property Finder recorded construction at about 1% in December 2025.
Three near-identical ELO buildings will compete for tenants and buyers.
DAMAC Hills 2 is a long drive from the coast and the main business districts.

Questions buyers ask

What is the starting price at ELO 2?

On 13 November 2026 DAMAC listed two-bedroom apartments from AED 1,374,000 to AED 1,488,000, for 983 to 1,037 sq ft. No one-bedroom apartments were listed online that day.

When is ELO 2 due for handover?

DAMAC's unit cards give the fourth quarter of 2028. DAMAC's FAQ still says December 2026 and Property Finder says June 2027, so confirm the contractual date in the sale and purchase agreement.

What is the payment plan at ELO 2?

DAMAC's plan PP-641414 (August 2026) asks for 9% immediately, including the 4% DLD registration fee, then 55% in 23 instalments over 24 months and 40% on completion.

Who is the developer of ELO 2?

ELO 2 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 2?

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 2 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 1.37M. 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 2?

The main cost is the DLD transfer fee (4%). On the entry price of AED 1,374,000 that comes to about AED 54,960, 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 68,700
Paid before handover: AED 824,400 (60%)
Registration fees, estimate: AED 55,980
Total to complete: AED 1,429,980

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