ELO

ELO is a residential development by DAMAC Properties comprising two 14-storey towers in DAMAC Hills 2, Dubai. It offers 1 and 2-bedroom apartments with views over the community's parklands. DAMAC Properties is one of the UAE's most established developers, with a track record spanning two decades.

Prices at ELO start from AED 1,400,000 for a 1-bedroom apartment. The development is off-plan, and a 70/30 payment plan is available to spread the cost across the construction period and handover. A 20% booking fee is required to secure a unit.

ELO offers a 70/30 payment plan: a 20% booking fee is paid upfront, 50% is paid in instalments during construction, and the remaining 30% is due upon handover in Q4 2026. This structure allows buyers to manage cash flow without a large lump-sum commitment before completion.

ELO is scheduled for handover in Q4 2026. The project is currently off-plan, making it an entry point for investors and end-users who want to lock in today's prices before completion. Construction is being carried out by DAMAC Properties.

Onsite amenities at ELO include a swimming pool with a swim-up bar, a climbing wall, a fully equipped gym, an outdoor cinema, and a children's play area. The complex is also directly adjacent to Water Town, which features a wave pool, lazy river, and water slides accessible to residents.

As of Q1 2024, 1-bedroom apartments in DAMAC Hills 2 were renting from AED 37,000 per year, producing an average gross yield of 8.1% — well above the Dubai average. The combination of a community lifestyle, water park access, and strong rental demand makes ELO a compelling buy-to-let option.

Yes. Purchasing a property worth AED 750,000 or more qualifies buyers for a 2-year UAE investor visa. If you invest AED 2,000,000 or more, you become eligible for a 10-year Golden Visa, which also extends to immediate family members.

Shining Stars Nursery Dubai is the closest nursery to ELO, making it practical for families with young children. Healthcare is covered by Saudi German Clinics DAMAC Hills 2 and Blue Oasis Veterinary Clinic. A Carrefour supermarket and Jeeves Dry Cleaners are also within easy reach for everyday needs.