New homes in ELO 2 start at AED 577,000; keys are due Jun 2027; you pay 20% to book, 50% while it is built and 30% at the keys.
Keys
Jun 2027
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
1 to 2 beds
Sizes
553 to 1,079 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 1,043 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, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 115,400
Jan 2027
While it is built
25%
AED 144,250
Apr 2027
While it is built
25%
AED 144,250
Jun 2027
Keys
30%
AED 173,100
Booking payment, 20%
AED 115,400
Dubai Land Department fee (Oqood), 4%
AED 23,080
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 138,480
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
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 (553 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 577,000 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
8.7%
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 577,000 = 8.7%. 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 2
ELO 2 is a DAMAC Properties apartment building in DAMAC Hills 2, with one- and two-bedroom homes from AED 577,000 and handover listed for June 2027. The nearest metro station is about 35 minutes by car and Business Bay about 39 minutes.
You pay 20% on booking, 50% during construction and 30% at handover. At the from price that is AED 115,400 on booking, AED 288,500 during the build and AED 173,100 at handover. Separately, the 4% DLD fee comes to AED 23,080; ask when it is due. The listed handover is June 2027, about seven months from now, so ask how much of the construction share is still to come and when it falls due.
Homes range from 553 to 1,079 sq ft. The developer's description gives 525 sq ft for a one-bedroom unit, below the start of that range, so check the floor plan and the exact size before you sign. The developer lists a gym, pools, play areas and a barbecue area, along with community features such as Malibu Beach, a wave surfing simulator, multi-sports facilities, a lazy river and a supermarket. Ask which are in the building and which are shared with the wider community.
A Saudi German Clinics branch is about 1.6 km away, a 3-minute drive. Gems Metropole School is about 26 minutes by car and Arabian Ranches Golf Club about 23 minutes. Jumeirah Golf Estates Metro Station is about 35 minutes away by car and Business Bay about 39 minutes. The developer points to 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
How much do I pay on booking?
At the from price, AED 115,400 for the 20% booking payment. Separately, the 4% DLD fee comes to AED 23,080; ask when it is due.
What sizes can I choose from?
One- and two-bedroom apartments of 553 to 1,079 sq ft. Ask for the floor plan, as the developer's description gives a smaller one-bedroom size.
When is handover?
The listed handover is June 2027, about seven months from now. Ask DAMAC for the latest construction progress.
How long is the drive to the city?
Jumeirah Golf Estates Metro Station is about 35 minutes away by car and Business Bay about 39 minutes.
What can residents use on site?
The developer lists a gym, pools, play areas and a barbecue area, plus community features such as a wave surfing simulator, a lazy river and a supermarket.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.
