Elo 2
Elo 2 Offered by Buy Dubai Off-Plan
Elo 2

Elo 2

by DAMAC in DAMAC Hills 2 View on map Handover soon

Starting price
AED 650,000
Payment plan
80/20
Handover
Q2 2027

≈ € 156,000

Project details

Starting price AED 650,000 ≈ € 156,000 What will my monthly payments be?
Payment plan 80/20 80% during construction, 20% at handover
Handover Q2 2027 Handover soon
Bedrooms 12
Property type
Apartment
Floor area
51 to 100 m²
Developer
DAMAC
Location
DAMAC Hills 2
Project brochure
Free, with no obligation

The Elo 2 brochure

Download the brochure for Elo 2 van Damac Properties in Damac Hills 2 for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Elo 2

  • Modern apartments with 1 or 2 bedrooms in a tranquil setting

  • Excellent location with quick connections to four major highways

  • Luxury amenities including a Malibu Beach, golf simulator and lazy river

  • Surrounded by green parks and recreational facilities

  • Favourable payment plan: 80% during construction and 20% on completion

Elo 2 at Damac Hills 2 (Dubai): Luxury homes by Damac Properties

Elo 2 in Damac Hills 2 is a new project by Damac Properties that combines a modern urban lifestyle with peace and comfort. This project offers a selection of 1 and 2-bedroom apartments, designed for those who value quality and convenience. Following the success of the first phase, Elo 2 sets the standard for luxury residences with a carefully considered design and an ideal location. The project is strategically positioned, giving residents effortless access to four major highways, including Al Qudra Road. This makes travelling to key destinations across Dubai simple. Despite its urban accessibility, Elo 2 offers an oasis of calm, surrounded by green parks and recreational facilities. It is a place where residents can enjoy a harmonious living environment, with attention to detail in every aspect. From the contemporary architecture to the landscaped gardens, everything contributes to an enhanced quality of life. In addition, the project boasts impressive facilities, such as a Malibu Beach, a golf simulator, a lazy river and sports facilities. With a supermarket, fitness room and children’s play areas, everything is provided for a comfortable and luxurious life.

Home types and layouts at Elo 2 Damac Hills 2 (Dubai)

Elo 2 offers a selection of stylish 1 and 2-bedroom apartments, suitable for various lifestyles. The areas range from 51.38 m² to 100.24 m², ensuring there is a suitable option for everyone. The apartments are designed with an eye for functionality and aesthetics, featuring spacious living areas and modern finishes. The bedrooms offer sufficient privacy and comfort, while the kitchens and bathrooms are fitted with high-quality materials. Large windows allow for natural light and offer views of the green surroundings or the Dubai skyline. The layout of the homes is optimised so that every square metre adds value to daily life. Whether you live alone, as a couple or have a small family, Elo 2 offers the perfect residential solution. The combination of modern design elements and practical features makes these apartments ideal for both living and investment. Furthermore, the homes are future-proof, with sustainable materials and energy-efficient solutions that contribute to a lower ecological footprint.

About the developer Damac Properties and the Elo 2 design

The Elo 2 building is an example of modern architecture, with clean lines and an elegant appearance. Damac Properties, the developer behind this project, is renowned for its high-quality real estate developments in Dubai and beyond. With years of experience, Damac has built a reputation for reliability and innovation. The design of Elo 2 reflects this expertise, with attention paid to sustainability and living comfort. The common areas are generously proportioned and finished with high-quality materials, while the landscaping creates a green and inviting atmosphere. The developer has chosen a mix of functionality and luxury, with amenities that enhance daily life. From the spacious lobby to the underground car park, every detail is carefully considered. Damac Properties guarantees quality and timely completion, making Elo 2 a reliable investment. The company has a proven track record in delivering projects that meet international standards. With Elo 2, Damac is once again setting the tone for luxury living in Dubai.

Location and Area

Elo 2 is located in Damac Hills 2, a sought-after location known for its green environment and excellent connections. The neighbourhood offers a perfect balance of tranquillity and accessibility, with quick access to Al Qudra Road and other major highways. Within a 15-minute drive you can reach Dubai Outlet Mall and First Avenue Mall, while Mall of the Emirates and Al Maktoum International Airport are reachable within 30 minutes. The area is ideal for those who value convenience and relaxation, with numerous recreational opportunities in the immediate vicinity. Damac Hills 2 is known for its parks, walking paths and family-oriented facilities, making it an excellent choice for families. At the same time, the location offers sufficient privacy and quiet for those seeking a peaceful residential environment. The combination of nature and urban facilities makes this a unique place to live. Furthermore, residents benefit from a secure and well-maintained community, with 24/7 security and maintenance services. It is a place where you can enjoy the best that Dubai has to offer, without the hustle and bustle of the city.

Flexible payment plan for Elo 2 homes

The payment plan for Elo 2 is designed to make investing in Dubai real estate accessible. The plan provides for a payment of 80% during the construction phase and the remaining 20% on completion. This flexible system allows buyers to pay for their investment in stages, which simplifies financial planning. The initial payments are typically modest, followed by instalments that coincide with key construction milestones. This ensures transparency and confidence in the process. The remaining balance is only paid upon final completion, giving buyers additional security. This type of payment plan is popular with both local and international investors, as it minimises risk and preserves liquidity. For international buyers, this can be an attractive option, especially when combined with the favourable market conditions in Dubai. We can guide you through the financial process and advise on the best approach. Whether you are buying for personal use or as an investment, the Elo 2 payment plan offers flexibility and security.

Amenities

Payment plan for Elo 2

80%20%
80%
During construction, in instalments
AED 520,000
≈ € 125,000
20%
After handover
AED 130,000
≈ € 31,000

Monthly payments and your own funds

How much do you need for Elo 2, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 658

≈ € 160 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 520,000≈ € 124,800
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 130,000≈ € 31,200
Purchase costs4% DLD fee and mortgage costs
AED 28,495≈ € 6,800
Total funds required
AED 548,495≈ € 131,600
Request finance guidance for Elo 2
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Elo 2

Location

Damac Hills 2, Dubai Al Maktoum International Airport: 30 minutes (car) · Dubai Outlet Mall: 15 minutes (car)
Open in Google Maps

Travel times from Elo 2

  • Al Maktoum International Airport: 30 minutes (car)
  • Dubai Outlet Mall: 15 minutes (car)
  • First Avenue Mall: 15 minutes (car)
  • Mall of the Emirates: 30 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.