New homes in ELO start at AED 547,000; keys are due Dec 2026; you pay 20% to book, 60% while it is built and 20% at the keys.
Keys
Dec 2026
The developer's handover date
Payment plan
20 / 60 / 20
20% to book, 60% while it is built, 20% at the keys
Bedrooms
1 to 2 beds
Sizes
525 to 1,078 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 1,042 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
Paying for it
You pay 20% when you book, 60% as the building goes up, and 20% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
20%
AED 109,400
As it is built
While it is built
60%
AED 328,200
At the keys (Dec 2026)
Keys
20%
AED 109,400
Booking payment, 20%
AED 109,400
Dubai Land Department fee (Oqood), 4%
AED 21,880
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 131,280
The handover date (Dec 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.
Buildings in this area paid a median of AED 4 per sq ft a year in 2023, from 24 buildings on the Dubai Land Department register. For the smallest home (525 sq ft) that is about AED 2,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in DAMAC Hills 2 in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 547,000 here
Off-plan medianToo few sales for a median
Sales25
Too few sales to check: 21
2-bed apartment
Off-plan medianAED 1,306,000AED 1,310 per sq ft
Sales38
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
9.1%
Typical for similar ready homes
8.1%
Median rent of 1-bed apartments in DAMAC Hills 2
AED 50,000 a year
Rent contracts counted
119
Rented between
Apr 1, 2025 and Mar 31, 2026
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 50,000 ÷ AED 547,000 = 9.1%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
About ELO
ELO is a DAMAC Properties project in DAMAC Hills 2 with one- and two-bedroom apartments from AED 547,000 and handover listed for December 2026. With the listed handover next month, ask for the completion certificate before you commit.
The listed handover of December 2026 is next month at the time of writing. Ask DAMAC whether the completion certificate has been issued and when handover is now expected. Ask too when the 60% construction payment falls due.
The plan is 20% on booking, 60% during construction and 20% at handover. At the from price that is AED 109,400 on booking, AED 328,200 during construction and AED 109,400 at handover. Separately, the 4% DLD fee comes to AED 21,880; ask when it is due.
ELO has two towers of 14 floors each, with one- and two-bedroom apartments. The developer lists one-bedroom homes at 646 sq ft and two-bedroom homes at 1,077 sq ft, within the listing's range of 525 to 1,078 sq ft. The home is freehold.
Facilities are at community level: DAMAC Hills 2 has Malibu Beach, a lazy river, a wave surfing simulator, sports facilities and parks. A Saudi German clinic is about 1.6 km away, a 3-minute drive. Gems Metropole School is about 10.7 km away (26 minutes by car), Jumeirah Golf Estates Metro Station about 21.6 km (35 minutes) and Business Bay about 24.0 km (39 minutes). The project has road access to Al Qudra Road.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR
2 BR
How prices moved
Median price of 1-bed apartments in DAMAC Hills 2, over the 12 months to each dateUp 1% from Dec 2024 to Mar 2026.
Dec 2024AED 1,213 per sq ft
Mar 2026AED 1,221 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
Not enough sales
25 sales
Jun 2026
Not enough sales
26 sales
Mar 2026
AED 1,221 per sq ft
46 sales
Dec 2025
AED 1,214 per sq ft
101 sales
Sep 2025
AED 1,238 per sq ft
583 sales
Jun 2025
AED 1,214 per sq ft
1,254 sales
Mar 2025
AED 1,213 per sq ft
1,261 sales
Dec 2024
AED 1,213 per sq ft
1,198 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
When is handover?
The listed handover is December 2026, next month. Ask DAMAC for the completion certificate and the confirmed handover date.
What does each payment come to?
At the from price: AED 109,400 on booking, AED 328,200 during construction and AED 109,400 at handover. Separately, the 4% DLD fee comes to AED 21,880; ask when it is due.
How big are the one- and two-bedroom homes?
The developer lists 646 sq ft for one bedroom and 1,077 sq ft for two. The listing's overall range is 525 to 1,078 sq ft.
What can residents use in the community?
DAMAC Hills 2 has parks, sports facilities, a lazy river, Malibu Beach and a surf wave simulator.
Can foreigners buy here?
Yes. ELO is listed as freehold, so foreign buyers can own outright.
How long is the drive to the metro and a school?
Jumeirah Golf Estates Metro Station is about 21.6 km away, about 35 minutes by car, and Gems Metropole School about 10.7 km, about 26 minutes.
