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Project in DAMAC Hills 2
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ELO 2
Under ConstructionApartmentHandover: Q2 2027
Starting From
AED 499,000
103 active listings · updated Oct 11, 2026
Overview
ELO 2 is an apartment development by Damac Properties, located in the master community of DAMAC Hills 2. Currently under construction, the project is scheduled for handover in Q2 2027 and offers 1 bedroom and 2 bedroom apartments. The development features a collection of on-site…
Developer
Damac Properties
Property type
Apartment
Unit mix
1 & 2 bedroom
Handover
Q2 2027
Ownership
Freehold
Indoor Swimming PoolLandscaped GardensCafe and RestaurantsRetail FacilitiesChildren's Play Area
Payment Plan
20%
Down Payment
50%
During Construction
30%
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 499,000
Asking range tracked from 103 active listings across portals and developer releases.
Cash-flow profile
70% pre-handover
20% Down Payment · 50% During Construction · 30% On Handover
30% 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 499,000 | - | 67 active listings · observed Oct 11, 2026 |
| 2 Bedroom Apartment | - | AED 810,000 | - | 36 active listings · observed Oct 11, 2026 |
| Active resale supply | - | AED 499,000 – AED 1.7M | - | 103 active listings · observed Oct 11, 2026 |
Location
DAMAC Hills 2
Discover the exceptional location of ELO 2 in DAMAC Hills 2, offering unparalleled access to Dubai's finest destinations.
Get DirectionsOverview
About the Project
ELO 2 is an apartment development by Damac Properties, located in the master community of DAMAC Hills 2. Currently under construction, the project is scheduled for handover in Q2 2027 and offers 1 bedroom and 2 bedroom apartments.
The development features a collection of on-site amenities for residents. These include an indoor swimming pool, landscaped gardens, a children's play area, cafe and restaurants, and retail facilities.
Common Questions
FAQs
What is the starting price for ELO 2?
ELO 2 by Damac Properties in DAMAC Hills 2 starts from AED 499,000. 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 2?
ELO 2 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 2 be completed?
ELO 2 is scheduled for completion in Q2 2027. Construction is progressing on schedule. Buyers can track progress through regular developer updates.
Is ELO 2 a good investment?
ELO 2 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 2?
ELO 2 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 2 offer?
ELO 2 offers world-class amenities including Indoor Swimming Pool, Landscaped Gardens, Cafe and Restaurants, Retail Facilities, Children''s Play Area. These amenities are designed to provide residents with a premium lifestyle experience.