--- title: "ELO 2 by DAMAC Properties" canonical: https://www.uaepropertyagents.com/dubai/damac-hills-2/elo-2 markdown: https://www.uaepropertyagents.com/md/dubai/damac-hills-2/elo-2.md type: development description: "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." last_verified: 2026-11-13 sources: 4 publisher: "UAE Property Agents (Omnia)" language: en-GB usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting." --- # ELO 2 by DAMAC Properties > 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. Facts last verified 13 November 2026 against the sources listed at the end. ## Key facts | Fact | Value | | --- | --- | | Developer | [DAMAC Properties](https://www.uaepropertyagents.com/developers/damac) | | Location | [DAMAC Hills 2](https://www.uaepropertyagents.com/dubai/damac-hills-2), Dubai | | Status | under construction | | Developer's handover target | Q4 2028 | | Sales launched | 2024-04 | | Tenure | freehold | | Price | From AED 1,374,000 to AED 1,488,000 (published figure, 13 November 2026) | | Average price per sq ft | AED 1,398 | | Home types | 2-bedroom apartments | | Floors | 14 | | Golden Visa value test | All published prices are below AED 2,000,000 | ## Overview ELO 2 follows the original ELO as the second of three apartment projects by [DAMAC](https://www.uaepropertyagents.com/developers/damac) in [DAMAC Hills 2](https://www.uaepropertyagents.com/dubai/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. ## Unit types and prices | Unit type | Price from | Price to | Size | Bathrooms | Availability | | --- | --- | --- | --- | --- | --- | | 2-bedroom apartments | AED 1,374,000 | AED 1,488,000 | 983 to 1,037 sq ft | | available | Prices are published starting prices from the developer or Property Finder, as each type's note says, checked 13 November 2026. ## Payment plans ### 5/55/40 - Booking deposit: 5% (On booking) - During construction: 55% (23 instalments from month 1 to month 24 after purchase) - On completion: 40% (Q4 2028) Paid before handover: 60%. 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. ## 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. ## 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: about 10 minutes - GEMS Metropole School, Motor City: about 15 minutes - Fairgreen International School: about 15 minutes - Dubai Outlet Mall: about 15 minutes - First Avenue Mall, Motor City: about 15 minutes - Aster Medical Centre: about 15 minutes - Mediclinic Parkview Hospital: about 20 minutes - City Centre Me'aisem: about 20 minutes - Al Maktoum International Airport: about 30 minutes - Dubai International Airport: about 45 minutes ## Amenities - Pool - Swim-up bar - Climbing wall - Malibu Beach wave pool - Sports fields - Fishing lake - Lazy river ## Questions and answers ### 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](https://www.uaepropertyagents.com/developers/damac). 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](https://www.uaepropertyagents.com/guides/uae-golden-visa-property). ### 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](https://www.uaepropertyagents.com/tools/purchase-cost-calculator) itemises it. ## Sources Facts on this page were last checked against these sources on 13 November 2026. - [DAMAC Properties: ELO 2](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo-2/) - [DAMAC Properties: ELO 2 2-bedroom apartments](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo-2/properties/2-apartment/) - [DAMAC Properties: projects with available inventory](https://www.damacproperties.com/en/search/?type=project&onlyAvailable=true) - [Property Finder: ELO 2](https://www.propertyfinder.ae/en/new-projects/damac-properties/elo-2) --- Source page: https://www.uaepropertyagents.com/dubai/damac-hills-2/elo-2. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.