AED 899,000
| Deal type | Off-Plan Distress |
| Price | AED 899,000 |
| Bedrooms | 2 |
| Size | 776 sq.ft |
| Type | Apartment |
| Status | Near To Handover |
| Handover | Q2 2027 |
| Area / Master development | Damac Hills 2 |
| Community | Damac Hills 2 |
Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.
The distress selling price is AED 899,000. The seller's total original cost (OP + 4% DLD) was AED 1,073,280, meaning the buyer saves AED 174,280 — 16.2% below the seller's all-in entry. The seller positions this as the lowest-priced 2-bedroom currently available in Elo, DAMAC Hills 2.
Elo (Building 14) is scheduled for handover in Q2 2027. This is confirmed by DAMAC Properties and multiple leading property portals. Buyers should verify the latest construction update directly with DAMAC or through our team quoting reference ELO-DH2-2BR-776-HF-001.
Elo is developed by DAMAC Properties — one of the UAE's and the Middle East's most established luxury real estate developers, founded in 2002. DAMAC Hills 2 (Akoya Oxygen) is one of their most successful and widely recognised master community developments in Dubai, consistently ranking among the emirate's top-transacted residential communities.
The unit is a 2-bedroom, 2-bathroom apartment measuring 776 sq ft (72 sq m). The layout features an open-plan living and dining area with a fitted kitchen, two bedrooms each with a bathroom, a balcony, and a laundry space. The unit is semi-furnished. The detailed floor plan and exact stack position are available on request.
The unit is on a high floor of Building 14 within the Elo development. The view faces the pool and amenities — one of the most desirable orientations in Elo, offering an outlook over the resort-style pool area and the community's green parklands. The exact floor number is available on request.
Yes. DAMAC Hills 2 is located in Dubailand, a designated freehold zone in Dubai, UAE. Buyers of any nationality can purchase and fully own this property with 100% ownership rights. At AED 899,000, the purchase qualifies the buyer for a UAE 2-year property investor visa.
Elo residents enjoy a resort-style pool with swim-up bar, outdoor cinema, climbing wall, and landscaped gardens. Through DAMAC Hills 2's three lifestyle zones, residents also access Malibu Beach, a wave pool and surfing simulator, lazy river, sports fields, fishing lake, a gym, kids' play areas, dog parks, BBQ areas, Carrefour supermarket, Saudi German Clinics, and community retail and dining.
Elo 2's original plan is 20/60/20: 20% down, 60% during construction, 20% at handover (Q2 2027). The buyer takes over the seller's SPA obligations. Total on-assignment costs: AED 899,000 + DLD 4% (~AED 35,960) + trustee (~AED 4,200) + agency ~2% (~AED 17,980) = approximately AED 957,140 all-in (excluding outstanding installments). Full breakdown on request.
2-bedroom apartments in DAMAC Hills 2 are currently achieving annual rents of approximately AED 65,000–85,000, implying a gross yield of approximately 7.2%–9.5% at the distress price of AED 899,000. DAMAC Hills 2 consistently delivers ROI of approximately 8%+ for apartments — one of the highest yields in Dubai's residential market for this price band. Semi-furnished units with pool views command above-average rents.
Contact our team via WhatsApp quoting reference ELO-DH2-2BR-776-HF-001. We will provide the floor plan for this specific unit in Building 14, the original DAMAC SPA, Oqood certificate, paid installment receipts, and the latest construction update. Virtual tours and site visits can be arranged on request.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Indicative monthly repayment on a UAE bank mortgage.
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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