ELO 3

By DAMAC Properties in DAMAC Hills 2, Dubai

Price from: AED 1,372,000; about £281K or $374K
Payment plan: 5/55/40; 60% before handover
Handover: Q4 2028
Status: Under construction

Rendering of the curved ELO 3 building among trees

Rendering of the curved ELO building at dusk

Rendering of the ELO building in daylight with its stepped balconies

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

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

Rendering of a climbing wall in a landscaped courtyard

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

Aerial rendering of sports courts and landscaping in DAMAC Hills 2

Payment plan

5/55/40

60% due before handover

Booking depositOn booking5%AED 68,600
During construction23 instalments from month 1 to month 24 after purchase55%AED 754,600
On completionQ4 202840%AED 548,800
Paid before handoverAED 823,200

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 1,372,000.

Model your own price How payment plans work

For 2-bedroom apartments

Homes and prices

ELO 3 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 1,052 sq ft, AED 1,396 per sq ft, Nine 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 1,052 sq ft
Freehold

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

Overview

The third ELO apartment building in DAMAC Hills 2, with one- and two-bedroom homes around the community parkland. Two-bedroom apartments listed from AED 1,372,000 in November 2026, with handover shown as Q4 2028.

ELO 3 is the latest of the three ELO apartment buildings by DAMAC in DAMAC Hills 2, following ELO and ELO 2. DAMAC describes one- and two-bedroom apartments set in the green surroundings of the community, with the same shared facilities as its neighbours: a pool and swim-up bar, a climbing wall, sports fields, a fishing lake, the lazy river and the Malibu Beach wave pool. DAMAC records the launch as June 2024. Within the community there is the DAMAC Hills 2 mall and an Edge by Rotana hotel, according to DAMAC's FAQ.

On 13 November 2026 DAMAC's website listed nine two-bedroom apartments, from 983 to 1,052 sq ft and priced from AED 1,372,000 to AED 1,488,000. These are the units on offer in November 2026, not the full range. DAMAC's FAQ mentions one-bedroom apartments as well, but none was listed online that day. Prices and sizes are almost identical to ELO 2, so the choice between the two buildings comes down to the specific unit, floor and view.

ELO 3 shares its payment plan with ELO 2. DAMAC's plan 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, leaving a 5% booking deposit to the developer. The project page headlines a 1% plan, which does not match the published schedule.

DAMAC's own pages disagree on timing. The FAQ and the headline figures give handover in the third quarter of 2027, while the unit cards for the apartments on sale give the fourth quarter of 2028. We have used the later date, which matches ELO 2. We could not find ELO 3 on Property Finder's developer pages, so there is no independent check on construction progress; ask DAMAC for the latest progress report before committing.

Who it suits: buyers who want a two-bedroom apartment in a family community at a moderate price and can wait until late 2028. What to weigh: the gap between DAMAC's two handover dates, 55% due before completion, competition from ELO and ELO 2 for tenants and resale buyers, and the drive from DAMAC Hills 2 to the coast. DAMAC's FAQ for neighbouring ELO 2 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 3AED 1,372,000

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 54,880

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 1,427,900about £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, among the community's parks, with the DAMAC Hills 2 mall and an Edge by Rotana hotel nearby. Drive times are DAMAC's approximate figures for the community, from its FAQ for neighbouring ELO 2.

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 1,372,000, with nine units listed in November 2026.
Pre-completion instalments spread over 24 months.
The community's leisure facilities, mall and hotel are already open.
Layouts and prices match ELO 2, so buyers can compare like for like across two buildings.

What to weigh

DAMAC gives two handover dates, Q3 2027 in its FAQ and Q4 2028 on its unit cards; confirm the date in the sale agreement.
No independent record of construction progress was found.
55% of the price is due within 24 months of purchase, before completion.
Three near-identical ELO buildings will compete for tenants and buyers, and DAMAC Hills 2 is a long drive from the coast.

Questions buyers ask

What is the starting price at ELO 3?

On 13 November 2026 DAMAC listed two-bedroom apartments from AED 1,372,000 to AED 1,488,000, for 983 to 1,052 sq ft. No one-bedroom apartments were listed online that day.

When is ELO 3 due for handover?

DAMAC's unit cards give the fourth quarter of 2028, while its FAQ says the third quarter of 2027. Confirm the contractual date in the sale and purchase agreement.

What is the payment plan at ELO 3?

DAMAC's plan PP-641414 (August 2026), shared with ELO 2, 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 3?

ELO 3 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 3?

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 3 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 3?

The main cost is the DLD transfer fee (4%). On the entry price of AED 1,372,000 that comes to about AED 54,880, 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 68,600
Paid before handover: AED 823,200 (60%)
Registration fees, estimate: AED 55,900
Total to complete: AED 1,427,900

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