High-Floor 2-Bedroom at ELO, DAMAC Hills 2 – 19.1% Below Original Price

Property Overview

This high-floor 2-bedroom apartment at ELO by DAMAC in DAMAC Hills 2 is offered at AED 800,000 for 776 sq ft. That is AED 189,000 (19.1%) below the agent-stated original price of AED 989,000, at about AED 1,031 per sq ft, with an open view and handover expected in Q4 2026.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Size: 776 sq ft (agent-stated)
• Asking price: AED 800,000
• Original price: AED 989,000 (agent-stated)
• Saving: AED 189,000, or 19.1% below original price (calculated)
• Price per sq ft: approx. AED 1,031 (calculated)
• Floor: High floor (agent-stated)
• View: Open view (agent-stated)
• Expected handover: Q4 2026 (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below Original Price

The agent states the apartment's original price was AED 989,000 and the seller is now asking AED 800,000 as a distress sale. The difference is AED 189,000.

Calculation

• Saving: AED 989,000 − AED 800,000 = AED 189,000
• Percentage: 189,000 ÷ 989,000 × 100 = 19.1%
• Rate: AED 800,000 ÷ 776 sq ft = approx. AED 1,031 per sq ft

The original price comes from the agent's brief and should be confirmed against the seller's SPA. The comparison is with the seller's purchase price only, not with recent DLD transactions.

About the Project and Developer

ELO is a collection of apartment buildings by DAMAC Properties within DAMAC Hills 2, released in several phases. Published project information for the later phases lists 1- and 2-bedroom apartments, with facilities including swimming and leisure areas, fitness spaces and landscaped communal areas, plus access to the wider DAMAC Hills 2 amenities such as parks, sports facilities and leisure destinations. Final specifications should be confirmed against DAMAC's sales documents.

Layout, Floor and View

The agent describes a 2-bedroom apartment on a high floor with an open view. The ELO phase or building, exact floor, bathroom count, parking and unit number were not supplied. At 776 sq ft the layout is compact for a 2-bedroom, so buyers should request the floor plan to confirm the configuration.

Payment Plan and Handover

The agent states handover is expected in Q4 2026. The payment schedule, amount already paid and balance due on handover were not supplied, and published sources show differing plans for the ELO phases. Buyers should confirm the amount paid, the outstanding balance, the handover date, DAMAC's transfer and NOC fees and the DLD transfer fee against the SPA and the developer's statement of account.

Location and Connectivity

DAMAC Hills 2 sits along Al Qudra Road in the Dubailand area, with links to Sheikh Mohammed Bin Zayed Road and Emirates Road. Exact travel times should be checked during a viewing.

Verification Notes

• Agent-supplied facts: project, bedrooms, size, original price, asking price, distress sale, high floor, open view and Q4 2026 handover.
• Calculated figures: saving amount, saving percentage and price per sq ft.
• External research: developer, phased structure and facilities from published project information; these are not unit-specific.
• Not supplied: ELO phase, exact floor, bathrooms, parking, payment schedule and amount paid.