--- title: "ELO by DAMAC Properties" canonical: https://www.uaepropertyagents.com/dubai/damac-hills-2/elo markdown: https://www.uaepropertyagents.com/md/dubai/damac-hills-2/elo.md type: development description: "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." 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 by DAMAC Properties > 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. 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 | Q3 2028 | | Sales launched | 2024-03 | | Tenure | freehold | | Price | From AED 1,397,000 to AED 1,481,000 (published figure, 13 November 2026) | | Average price per sq ft | AED 1,417 | | Home types | 2-bedroom apartments | | Floors | 14 | | Golden Visa value test | All published prices are below AED 2,000,000 | ## Overview ELO is the first of three similar apartment projects by [DAMAC](https://www.uaepropertyagents.com/developers/damac) in [DAMAC Hills 2](https://www.uaepropertyagents.com/dubai/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. ## Unit types and prices | Unit type | Price from | Price to | Size | Bathrooms | Availability | | --- | --- | --- | --- | --- | --- | | 2-bedroom apartments | AED 1,397,000 | AED 1,481,000 | 986 to 1,033 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% (17 instalments from month 1 to month 18 after purchase) - On completion: 40% (Q3 2028) Paid before handover: 60%. 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. ## 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. ## 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: 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? 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](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? 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](https://www.uaepropertyagents.com/guides/uae-golden-visa-property). ### 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](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](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo/) - [DAMAC Properties: ELO 2-bedroom apartments](https://www.damacproperties.com/en/communities/damac-hills-2/projects/elo/properties/2-apartment/) - [DAMAC Properties: projects with available inventory](https://www.damacproperties.com/en/search/?type=project&onlyAvailable=true) - [Property Finder: ELO](https://www.propertyfinder.ae/en/new-projects/damac-properties/elo) --- Source page: https://www.uaepropertyagents.com/dubai/damac-hills-2/elo. 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.