--- title: "ELO 3 by DAMAC Properties" canonical: https://www.uaepropertyagents.com/dubai/damac-hills-2/elo-3 markdown: https://www.uaepropertyagents.com/md/dubai/damac-hills-2/elo-3.md type: development description: "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." 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 3 by DAMAC Properties > 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. 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 | 2024-06 | | Tenure | freehold | | Price | From AED 1,372,000 to AED 1,488,000 (published figure, 13 November 2026) | | Average price per sq ft | AED 1,396 | | Home types | 2-bedroom apartments | | Golden Visa value test | All published prices are below AED 2,000,000 | ## Overview ELO 3 is the latest of the three ELO apartment buildings by [DAMAC](https://www.uaepropertyagents.com/developers/damac) in [DAMAC Hills 2](https://www.uaepropertyagents.com/dubai/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. ## Unit types and prices | Unit type | Price from | Price to | Size | Bathrooms | Availability | | --- | --- | --- | --- | --- | --- | | 2-bedroom apartments | AED 1,372,000 | AED 1,488,000 | 983 to 1,052 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 1,372,000, 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. ## 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: 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 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](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 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](https://www.uaepropertyagents.com/guides/uae-golden-visa-property). ### 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](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 3](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo-3/) - [DAMAC Properties: ELO 3 2-bedroom apartments](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo-3/properties/2-apartment/) - [DAMAC Properties: ELO 2 (DAMAC Hills 2 drive times)](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo-2/) - [DAMAC Properties: projects with available inventory](https://www.damacproperties.com/en/search/?type=project&onlyAvailable=true) --- Source page: https://www.uaepropertyagents.com/dubai/damac-hills-2/elo-3. 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.