2-Bedroom on the 12th Floor of ELO 1, DAMAC Hills 2 – Offers Below Original Price

Property Overview

This 2-bedroom apartment on the 12th floor of ELO 1, DAMAC Hills 2, Dubai, has a built-up area of approximately 804 sq ft and an original purchase price of AED 1,030,000. The agent reports a motivated owner who will consider offers around AED 900,000 to AED 1,000,000, below the original price. Handover is stated for December 2026, with a community view.

Property Highlights

• Property type: 2-bedroom apartment
• Built-up area: approximately 804 sq ft
• Original purchase price (agent-stated): AED 1,030,000
• Owner's offer range: around AED 900,000 to AED 1,000,000 (agent-stated)
• Listed at the upper end: AED 1,000,000, AED 30,000 (2.9%) below original price
• At the lower end: AED 900,000, AED 130,000 (12.6%) below original price
• Asking rate: about AED 1,119 to AED 1,244 per sq ft
• Floor: 12th (agent-stated)
• View: community (agent-stated)
• Handover: December 2026 (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent brief gives an original purchase price of AED 1,030,000 and says the owner will consider offers around AED 900,000 to AED 1,000,000. DPF lists the price at the conservative upper end of AED 1,000,000, which is AED 30,000 or 2.9% below the original price. An offer at the lower end of AED 900,000 would be AED 130,000 or 12.6% below. Based on approximately 804 sq ft, the rate ranges from about AED 1,119 to AED 1,244 per sq ft.

The benchmark is the seller's original purchase price as supplied in the agent brief received on 15 October 2026. It is not a DLD transaction record or an independent valuation, so this page does not claim the apartment is priced below current market value. The final price depends on negotiation with the owner.

About the Project, Developer and Community

ELO 1 is a 15-storey residential building by DAMAC Properties in DAMAC Hills 2, offering one- and two-bedroom apartments. Published project information lists facilities including a swimming pool with a swim-up bar, an aqua gym, a gym, a climbing wall, an outdoor cinema, a barbecue area and a children's play area.

DAMAC Hills 2 is a large master-planned community off Al Qudra Road and the Dubai–Al Ain Road, known for its townhouse clusters, sports facilities and open spaces.

Layout, Floor and View

The agent confirms a 2-bedroom of approximately 804 sq ft on the 12th floor with a community view. Because the size is given as approximate, request the floor plan and Oqood to confirm the exact area. Bathroom count, parking and furnishing were not supplied, and DPF has not assumed them.

Payment Plan and Handover

The agent states handover is expected in December 2026, consistent with the project's published estimate. Published information shows a payment plan with 30% due on handover, which on the original price would be about AED 309,000; the actual balance for this unit was not supplied. Buyers should obtain the SPA, Oqood and DAMAC statement of account to confirm the amount paid and the balance due, and check DAMAC's NOC and resale conditions.

Location and Connectivity

DAMAC Hills 2 sits in the southern part of Dubailand, with access to Al Qudra Road and the Dubai–Al Ain Road. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: building, community, property type, bedrooms, approximate size, original price, offer range, 12th floor, community view and December 2026 handover.
• DPF-calculated figures: savings at both ends of the offer range, price per sq ft range and the illustrative handover balance.
• External research: building facts and payment structure from published project information, not unit-specific records.
• Not supplied: unit number, exact size, bathrooms, parking and amount paid.