DAMAC ELO 2 Apartments at Damac Hills 2
DAMAC Properties,1 & 2 BR ApartmentsPrice (AED)0.670M*
Unit (Bedrooms)1 & 2 BR
Sizes (Sq. Ft.)525 - 1,078
Booking Amt.20%
PossessionQ2 2027
DAMAC ELO 2 is a residential off-plan project by DAMAC Properties inside DAMAC Hills 2, Dubai, offering 1 and 2 bedroom apartments from 525 to 1,078 sqft, starting from AED 670,000. Booking opened 1 September 2024, DLD Permit Number 0580107546. Payment plan is 20% booking, 50% construction, 30% on handover. Handover is Q2 2027. The project is directly next to Water Town inside a 42 million sqft master community on E77 Jebel Ali Lehbab Road. Community rental yields reach 7.33% per year. DAMAC Properties has delivered over 46,000 homes across 15 global cities. Freehold. UAE Golden Visa eligible.
Damac ELO 2 at DAMAC Hills 2 entered the market at AED 0.670M for a 1 bedroom, 22% above ELO 1's AED 0.547M opening price. ELO 1 sold out its public allocation before ELO 2 launched. With 60 resale units already listed on Property Finder at ELO 2's booking start, buyers can compare developer launch pricing against the secondary market before paying a booking amount. Most buyers skip this check. It takes five minutes and can save a negotiation later.
| Factor | ELO 1 | ELO 2 | ELO 3 |
|---|---|---|---|
| Launch | Early 2024 | 1 Sep 2024 | 2025 |
| Start Price | AED 0.547M | AED 0.670M | AED 0.580M |
| Payment Plan | 20/60/20 | 20/50/30 | 70/30 |
| Handover | Q4 2026 | Q2 2027 | Q2 2027 |
| Build Progress | 13% (Q2 2026) | 1% (Q2 2026) | 1% (Q2 2026) |
DAMAC Hills 2 is largely built and operating. Carrefour, a community clinic, Sports Town, Water Town, and an 18-hole golf course are all open today. Buyers at ELO 2 are not betting on future infrastructure coming through. The rental demand that drives the 7.33% yield is already in place. Renters who cannot afford to buy inside DAMAC Hills 2 compete for apartments here because of Water Town, the schools within 15 minutes, and the Carrefour access. That demand does not disappear at ELO 2's handover. It is already running.
ELO 2 by Damac 20:50:30 structure puts 10% less pressure on the construction period than ELO 1's 20:60:20 plan. For an NRI buyer remitting under the RBI Liberalised Remittance Scheme at USD 250,000 per PAN per financial year, spreading the 50% construction phase across 2024 to 2027 fits across two to three Indian financial years depending on unit price. The 30% handover payment falls in Q2 2027. Map the milestone schedule against your April to March financial year calendar before signing the SPA.
Damac ELO 2 is at 1% construction progress as of Q2 2026. This is the earliest point in the build cycle. ELO 1 at 13% progress and Q4 2026 handover is a faster option for buyers who want a shorter wait. The key external risk is Al Maktoum International Airport Phase 2: if that expansion slows, demand growth across the Dubailand corridor slows with it. Verify DLD Permit 0580107546 and the DLD escrow account on the DLD portal before any payment beyond the booking deposit.
1BR runs 525 to 646 sqft: open living and kitchen, separate bedroom, one bathroom, parkland-facing balcony. The 646 sqft variant adds a utility corner that works as a desk space, the only format in this price band at DAMAC Hills 2 that allows working from home without using the bedroom.2BR runs 775 to 1,078 sqft: two bedrooms, two bathrooms, open-plan kitchen and living, balcony. The 1,078 sqft variant separates the dining area from the living room, which is the layout suited to a family of three or four planning to stay past one lease.
Building-level: pool with a swim-up bar, climbing wall next to the kids play area (so a parent uses one while watching children in the other), a fully equipped gym inside the building, an outdoor cinema, jogging track, and a BBQ area, all on the podium level.Community-level inside DAMAC Hills 2: Sports Town (tennis, basketball, football, cycling), Down Town (fishing lake, petting farm, dog park, outdoor cinema), and an 18-hole golf course. These are included with residency and do not require a separate membership or day-pass fee.
Inside the community: Carrefour supermarket, Saudi German Clinic, 18 retail stores, and 12 dining outlets are all in the DAMAC Hills 2 community mall. Sports Town with tennis, basketball, a football pitch, and cycling tracks is at walking distance. Residents cover daily essentials without leaving the community.Schools within 20 minutes drive: Jebel Ali School (10 min), GEMS Metropole School Motor City (15 min), Fairgreen International School (15 min), Safa Community School (20 min). Hospitals: Aster Medical Centre (15 min), Mediclinic Parkview Hospital (20 min), NMC Royal Hospital (25 min).
Content Reviewed By: Vikas Taneja-RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
1BR from AED 0.670M (525 sqft). 2BR from AED 1.3M (775 sqft). Verify unit-level pricing with DAMAC Properties or a RERA-registered broker.
20% on booking, 50% during construction, 30% on handover. Handover is Q2 2027. Construction began 2 September 2024.
Handover is Q2 2027 (June 2027). Construction is at 1% progress as of Q2 2026. ELO 1 hands over Q4 2026.
DAMAC Hills 2 yields 7.33% annually on apartments. Community is largely operational. Verify DLD Permit 0580107546 and escrow before paying.
Jebel Ali School 10 minutes, Fairgreen International 15 minutes, GEMS Metropole 15 minutes, Safa Community School 20 minutes. All driving estimates.
Saudi German Clinic is inside the community mall. Aster Medical Centre 15 min, Mediclinic Parkview 20 min, NMC Royal Hospital 25 min.
ELO 1: AED 0.547M, Q4 2026, 13% built. ELO 2: AED 0.670M, Q2 2027, 1% built. ELO 3: AED 0.580M, Q2 2027. Same sizes and amenities.
Yes. Freehold, all nationalities. 2BR from AED 1.3M qualifies for the 2-year investor visa. AED 2M+ units qualify for the 10-year Golden Visa.
Limited Period: Free DLD Waiver on select units
