New homes in ELO 3 at Damac Hills 2 start at AED 580,000; keys are due Jun 2027; you pay 20% to book, 50% while it is built and 30% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 38 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in DAMAC HILLS (2) - ELO. Their median price is AED 1,205 per sq ft (about AED 636,000 at 528 sq ft). This project's from price is AED 1,098 per sq ft (AED 580,000 for its smallest home, 528 sq ft), 9% less.
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
528 to 1,084 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 1,098 per sq ft
Similar off-plan homes: AED 1,205 per sq ft
RERA project
2995
Check it in Dubai REST, the Dubai Land Department's official app.
Built
1%
Being built. DLD register, Jun 12, 2026
Escrow account
بنك الإمارات دبي الوطني (ش.م.ع)
The bank that holds your payments
Registered homes
557
In 4 buildings
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 116,000
Jan 2027
While it is built
25%
AED 145,000
Apr 2027
While it is built
25%
AED 145,000
Jun 2027
Keys
30%
AED 174,000
Booking payment, 20%
AED 116,000
Dubai Land Department fee (Oqood), 4%
AED 23,200
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 139,200
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.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Check the developer's record.
The Dubai Land Department project register lists 31 finished projects by this developer since 2017. 29 of the 31 were finished by the completion date DLD holds now. DLD replaces that date when a project is given more time and keeps no earlier dates, so this can't show which ones ran late.
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 (528 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.
Is the price fair?
Dubai Land Department recorded 38 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in DAMAC HILLS (2) - ELO, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in DAMAC HILLS (2) - ELO sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 38 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in DAMAC HILLS (2) - ELO, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,205 per sq ft
AED 985 to AED 1,038 per sq ft
2 sales
AED 1,038 to AED 1,092 per sq ft
2 sales
AED 1,092 to AED 1,145 per sq ft
9 sales
This project's from price is in this band.
AED 1,145 to AED 1,199 per sq ft
5 sales
AED 1,199 to AED 1,252 per sq ft
10 sales
AED 1,252 to AED 1,305 per sq ft
3 sales
AED 1,305 to AED 1,359 per sq ft
5 sales
AED 1,359 to AED 1,412 per sq ft
2 sales
AED 985 per sq ftAED 1,412 per sq ft
This project AED 1,098 per sq ft
Half of the sales sold for AED 1,135 to AED 1,267 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 985 to AED 1,038 per sq ft
2
AED 1,038 to AED 1,092 per sq ft
2
AED 1,092 to AED 1,145 per sq ft
9
AED 1,145 to AED 1,199 per sq ft
5
AED 1,199 to AED 1,252 per sq ft
10
AED 1,252 to AED 1,305 per sq ft
3
AED 1,305 to AED 1,359 per sq ft
5
AED 1,359 to AED 1,412 per sq ft
2
The 3 closest sales
Picked from the 38 similar sales above, closest in size to this project's smallest home.
Dec 2025AED 581,150AED 1,104 per sq ftDAMAC HILLS (2)-ELO, 526 sq ft
Feb 2025AED 578,000AED 1,098 per sq ftDAMAC HILLS (2)-ELO, 526 sq ft
Jan 2025AED 586,000AED 1,113 per sq ftDAMAC HILLS (2)-ELO, 526 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
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 580,000 here
Off-plan medianToo few sales for a median
Sales25
9% below 38 similar sales
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
8.6%
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 580,000 = 8.6%. 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 3 at Damac Hills 2
ELO 3 at Damac Hills 2 is a DAMAC Properties apartment building in DAMAC Hills 2 with one- and two-bedroom homes from AED 580,000. Its from price per square foot is 8.8% below 38 similar one-bedroom sales in this project (24 months to October 2026), and the listed handover is June 2027.
The price check here compares ELO 3 with sales in the same project, not the wider area. It puts the from price per square foot 8.8% below 38 similar one-bedroom sales in the project over the 24 months to October 2026. Ask for the size and price per square foot of the exact unit you are offered.
The plan is 20% on booking, 50% during construction and 30% at handover. At the from price that is AED 116,000 to book, AED 290,000 during construction and AED 174,000 at handover. Separately, the 4% DLD fee comes to AED 23,200; ask when it is due. The listed handover is June 2027, seven months from now, so ask when the 50% construction payment falls due.
Homes have one or two bedrooms, with a listed range of 528 to 1,084 sq ft. The listing also gives 525 sq ft for one bedroom, below the bottom of that range, and 832 sq ft for two, so check the floor plans. Shared facilities include a pool with a swim-up bar and a deck on the podium, a gym, a spa, a climbing wall and an outdoor cinema. There is also covered parking and a children's play area. The homes are freehold.
A Saudi German Clinics branch is about 1.6 km away, around 3 minutes by car. The nearest school, Gems Metropole School, is about 10.7 km away, around 26 minutes by car, and Arabian Ranches Golf Club is about 13.1 km away. Jumeirah Golf Estates Metro Station is about 21.6 km away, around 35 minutes by car. Business Bay is about 24 km away, around 39 minutes by car.
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
Which company builds ELO 3?
DAMAC Properties. The building is in DAMAC Hills 2.
Can foreigners buy here?
Yes. It's in a freehold area, so foreign buyers can own outright.
When is handover?
The listed handover is June 2027, seven months from now. Ask the developer for the latest construction update.
How does the price compare with similar sales?
The price check puts the from price per square foot 8.8% below 38 similar one-bedroom sales in this project (24 months to October 2026).
What is due before handover?
At the from price, AED 406,000 (70%): AED 116,000 on booking and AED 290,000 during construction. AED 174,000 follows at handover. Separately, the 4% DLD fee comes to AED 23,200; ask when it is due.
How far is the metro?
Jumeirah Golf Estates Metro Station is about 21.6 km away, around 35 minutes by car.
