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Project in DAMAC Hills 2
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ELO
Under ConstructionApartmentHandover: Q4 2026
Starting From
AED 500,000
96 active listings · updated Oct 11, 2026
Overview
ELO by Damac Properties is an under-construction apartment development situated in DAMAC Hills 2, with handover anticipated in Q4 2026. The project features a selection of 1 and 2-bedroom apartments designed for modern living. Residents will enjoy a range of amenities within the…
Developer
Damac Properties
Property type
Apartment
Unit mix
1 & 2 bedroom
Handover
Q4 2026
Ownership
Freehold
Landscaped GardensGymnasiumShared PoolChildren's Play AreaBarbecue Area
Payment Plan
20%
Down Payment
60%
During Construction
20%
On Handover
Availability check
Get current release, stack, floor, and view pricing from our advisors.
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Buyer Intelligence
DLD registered transactionsMarket data updated May 12, 2026
Pricing
From AED 500,000
Asking range tracked from 96 active listings across portals and developer releases.
Cash-flow profile
80% pre-handover
20% Down Payment · 60% During Construction · 20% On Handover
20% on handover
Area PSF benchmark
AED 1,076
DAMAC Hills 2 12-month registered-sales median price per square foot.
Avg AED 1,068 / sqft
Market liquidity
2,087 sales
AED 3.3B traded in DAMAC Hills 2 over the last 12 months.
782 sales in 6 months
Off-plan demand
4.1% share
4.1% of DAMAC Hills 2 sales in the last 12 months were off-plan transactions.
Buyer demand signal
Price momentum
-11.6% YoY
Area price-per-sqft movement is a market benchmark, not a return guarantee.
Active module
Transactions
DAMAC Hills 2 recorded 2,087 DLD-registered sales worth AED 3.3B over the last 12 months, with a median price of AED 1,076 per square foot. 4.1% of those sales were off-plan, and prices moved -11.6% year-on-year.
Area PSF benchmark
AED 1,076
Market liquidity
2,087 sales
Off-plan demand
4.1%
Price momentum
-11.6%
Monthly registered sales in DAMAC Hills 2
DLD registered transactionsMarket data updated May 12, 2026
| Period | Sales | Avg PSF | Volume | Avg size |
|---|---|---|---|---|
| Jun 2026 | 79 | AED 1,101 | AED 129.6M | 1,540 Sq Ft |
| May 2026 | 83 | AED 1,063 | AED 144.1M | 1,735 Sq Ft |
| Apr 2026 | 110 | AED 1,094 | AED 179.2M | 1,562 Sq Ft |
| Mar 2026 | 78 | AED 1,014 | AED 125M | 1,679 Sq Ft |
| Feb 2026 | 143 | AED 1,016 | AED 210.6M | 1,540 Sq Ft |
| Jan 2026 | 149 | AED 973 | AED 227.7M | 1,681 Sq Ft |
| Dec 2025 | 159 | AED 959 | AED 237.7M | 1,699 Sq Ft |
| Nov 2025 | 200 | AED 886 | AED 276.8M | 1,699 Sq Ft |
| Oct 2025 | 195 | AED 908 | AED 280.9M | 1,836 Sq Ft |
| Sep 2025 | 181 | AED 1,019 | AED 279.3M | 1,664 Sq Ft |
| Aug 2025 | 185 | AED 1,104 | AED 299.5M | 1,566 Sq Ft |
| Jul 2025 | 233 | AED 1,178 | AED 412.9M | 1,610 Sq Ft |
Listings
Availability feed
Unit-level pricing and availability are confirmed against the current developer release before you commit.
| Unit type | Size | Lowest asking price | Area PSF (12m) | Buyer note |
|---|---|---|---|---|
| 1 Bedroom Apartment | - | AED 500,000 | - | 52 active listings · observed Oct 11, 2026 |
| 2 Bedroom Apartment | - | AED 890,000 | - | 43 active listings · observed Oct 11, 2026 |
| Studio | - | AED 820,000 | - | 1 active listings · observed Oct 8, 2026 |
| Active resale supply | - | AED 500,000 – AED 1.6M | - | 96 active listings · observed Oct 11, 2026 |
Location
DAMAC Hills 2
Discover the exceptional location of ELO in DAMAC Hills 2, offering unparalleled access to Dubai's finest destinations.
Get DirectionsOverview
About the Project
ELO by Damac Properties is an under-construction apartment development situated in DAMAC Hills 2, with handover anticipated in Q4 2026. The project features a selection of 1 and 2-bedroom apartments designed for modern living.
Residents will enjoy a range of amenities within the community, including a shared swimming pool, a fully equipped gymnasium, landscaped gardens, a barbecue area, and a children's play area.
Common Questions
FAQs
What is the starting price for ELO?
ELO by Damac Properties in DAMAC Hills 2 starts from AED 500,000. Prices vary based on unit type, floor, and view. Contact our team for detailed pricing across all available layouts and current promotional offers.
What payment plans are available for ELO?
ELO offers a flexible payment plan payment structure. Typical plans include an initial booking deposit, installments during construction, and final payment on handover. Our consultants can explain the specific payment schedule and help you plan your investment.
When will ELO be completed?
ELO is scheduled for completion in Q4 2026. Construction is progressing on schedule. Buyers can track progress through regular developer updates.
Is ELO a good investment?
ELO by Damac Properties in DAMAC Hills 2 offers strong investment potential. DAMAC Hills 2 is one of Dubai's sought-after locations with consistent demand from both residents and investors. The project's location, developer reputation, and payment plan make it attractive for both end-users and investors seeking rental yields or capital appreciation.
Who is the developer of ELO?
ELO is developed by Damac Properties, an established property developer in Dubai's real estate market. All developers in Dubai are regulated by RERA to ensure buyer protection.
What amenities does ELO offer?
ELO offers world-class amenities including Landscaped Gardens, Gymnasium, Shared Pool, Children''s Play Area, Barbecue Area. These amenities are designed to provide residents with a premium lifestyle experience.