ELO 3
ELO 3 Offered by Buy Dubai Off-Plan
ELO 3

ELO 3

by DAMAC in DAMAC Hills 2 View on map Handover soon

Starting price
AED 650,000
Payment plan
80/20
Handover
Q3 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 Q3 2027 Handover soon
Bedrooms 12
Property type
Apartment
Floor area
49 to 101 m²
Developer
DAMAC
Location
DAMAC Hills 2
Project brochure
Free, with no obligation

The ELO 3 brochure

Download the brochure for ELO 3 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 3

  • Modern apartments with 1 or 2 bedrooms in an elegant, light-filled environment.

  • Stunning building with curved architecture and private balconies offering panoramic views.

  • Prime location in Damac Hills 2, surrounded by nature and offering excellent transport links.

  • Extensive amenities including a fitness centre, climbing wall, children’s play area, and outdoor cinema.

  • Attractive payment plan with 80% due during construction and 20% upon completion.

ELO 3 at Damac Hills 2 (Dubai): Luxury homes by Damac Properties

ELO 3 in Damac Hills 2 is a new residential project by Damac Properties, designed for those seeking stylish tranquillity without sacrificing urban comforts. The project offers modern 1 and 2-bedroom apartments, ranging from 49.05 to 100.71 m2, and combines contemporary architecture with a natural environment. The building’s curved form and private balconies create a unique appearance and breathtaking views over the green landscape. Completion is scheduled for the third quarter of 2027, with prices starting from AED 580,000. The location in Damac Hills 2 offers a harmonious balance between nature and accessibility, with quick connections to central Dubai via four major highways. The project is not just a place to live, but a lifestyle, with amenities such as a fitness centre, climbing wall, children’s play area, and an outdoor cinema. The pool with a bar and barbecue area completes the picture, allowing residents to enjoy relaxation and social activities without leaving their neighbourhood.

Home types and layouts at ELO 3 Damac Hills 2 (Dubai)

ELO 3 offers carefully designed 1 and 2-bedroom apartments, suitable for various stages of life. The one-bedroom homes, with an area starting from 49.05 m2, are ideal for first-time buyers or couples looking for a stylish and low-maintenance property. The more spacious two-bedroom apartments, up to 100.71 m2, offer ample space for small families or those in need of an extra study or guest room. All units feature large windows that provide an abundance of natural light, highlighting the modern finishes and high-quality materials. The open-plan kitchens are equipped with integrated appliances and seamlessly connect to the living areas, creating a sense of space and connectivity. The bedrooms are quietly positioned and feature spacious storage solutions, while the bathrooms are sleek and functional. The balconies provide a private vantage point overlooking the green landscape and are perfect for relaxing or enjoying the outdoors. With this variety of unit types, ELO 3 offers something for everyone, always with an emphasis on quality and comfort.

About the developer Damac Properties and the ELO 3 design

The ELO 3 building stands out due to its fluid, curved architecture, a distinctive design that is both aesthetic and functional. The developer, Damac Properties, is renowned for its high-quality projects in Dubai and has once again delivered a building with ELO 3 that meets the expectations of modern residents. The tower features a series of private balconies that not only create a visual spectacle but also provide practical outdoor spaces with panoramic views over the surrounding parks and water features. Damac Properties has paid considerable attention to sustainability and living comfort, with energy-efficient solutions and high-quality materials that ensure a pleasant indoor climate. The common areas are stylishly appointed, with a spacious entrance lobby that exudes a sense of luxury. The developer has a strong reputation for timely completion and quality control, providing reassurance to investors and future residents. With ELO 3, Damac Properties reaffirms its position as one of Dubai’s leading real estate developers, with a project that excels both aesthetically and functionally.

Prime location in Damac Hills 2 (Dubai) near key Dubai destinations

Damac Hills 2, the location of ELO 3, is a multifaceted community where nature and modernity go hand in hand. The project is just a 15-minute drive from key amenities such as Aster Medical Centre, Dubai Outlet Mall, and First Avenue Mall. For those wishing to travel further, central Dubai is reachable within 30 minutes, as is Al Maktoum International Airport. The neighbourhood itself is designed with abundant greenery, water features, and walking paths, allowing residents to enjoy a quiet, natural environment. Yet the city remains close, thanks to excellent connections via Al Qudra Road and other major highways. The immediate vicinity offers various recreational opportunities, including golf courses, parks, and shopping centres, meaning there is always something to do. For families, there are good schools nearby, while the proximity to medical facilities and shopping centres makes daily life easier. The combination of accessibility and tranquillity makes Damac Hills 2 an ideal place for those seeking the best of both worlds, and ELO 3 is a perfect part of it.

Flexible payment plan for ELO 3 homes

The payment plan for ELO 3 is attractive for investors and future residents, with a flexible structure that spreads the financial commitment. During the construction phase, only 80% of the purchase price is due, divided across several instalments linked to construction milestones. The remaining 20% is only due upon final completion in the third quarter of 2027. This system allows buyers to pay for their investment in phases without needing to finance the full amount immediately. This is an advantageous structure as it keeps cash flow manageable and provides room for other investments. The payment plan is transparent and accompanied by a clear schedule, so buyers know exactly when each instalment is due. The agent guides and supports you in this process, so you can optimally benefit from these favourable terms. Whether you are buying for personal use or as an investment, the ELO 3 payment plan makes it an accessible and sensible choice in Dubai’s dynamic real estate landscape.

Amenities

Payment plan for ELO 3

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 3, 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 3
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 3

Location

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

Travel times from ELO 3

  • Al Maktoum International Airport: 30 minutes (car)
  • Aster Medical Centre: 15 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

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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.