Distress Deal: 2 Bedroom Apartment in Elo, DAMAC Hills 2, Dubai

High Floor 2BR | 776 Sqft | Pool & Amenity View | Semi-Furnished | AED 899,000

This is a verified below-market distress listing for a 2-bedroom, 2-bathroom apartment on a high floor of Elo by DAMAC Properties (Building 14), located within the master-planned DAMAC Hills 2 community in Dubailand, Dubai, United Arab Emirates. The seller’s total acquisition cost — original purchase price plus the 4% DLD fee — was AED 1,073,280. The distress selling price is AED 899,000, representing a direct saving of AED 174,280 — or 16.2% below the seller’s all-in entry cost. The seller markets this as the lowest-priced 2-bedroom currently available in Elo. At 776 sq ft on a high floor with a pool and amenity view, semi-furnished, and handover due Q2 2027, this is a well-priced entry point into one of Dubai’s most transacted and amenity-rich residential communities.

Property Highlights

• Project: Elo by DAMAC Properties (Building 14)
• Developer: DAMAC Properties
• Unit Type: 2 Bedroom, 2 Bathroom Apartment
• Size: 776 sq ft (72 sq m)
• Floor: High Floor
• View: Pool and amenities view
• Balcony: Yes — all Elo units feature cascading balconies per DAMAC’s design specification
• Furnishing: Semi-furnished
• Bathrooms: 2
• Parking: 1 covered parking space
• Handover: Q2 2027
• Seller’s Total Entry Cost (OP + DLD): AED 1,073,280
• Distress Selling Price: AED 899,000
• Saving vs OP+DLD: AED 174,280 (16.2%)
• Ownership: Freehold — available to all nationalities
• Status: Off-Plan | Near to Handover

About Elo – DAMAC Hills 2

Elo is DAMAC Properties’ flagship apartment development within DAMAC Hills 2 (Akoya Oxygen) — one of Dubai’s most actively transacted master communities. The Elo series comprises twin towers designed with smooth, flowing curves reminiscent of contemporary sculpture, featuring graceful arching structures with cascading balconies that have become a signature of the project’s visual identity. Located near Water Town and overlooking parklands, the towers deliver 1 and 2-bedroom apartments in a range of configurations from 553 to 1,079 sq ft. Following the success of the original Elo, DAMAC launched Elo 2 and Elo 3 in quick succession — a clear signal of investor appetite for the product. Building 14 is one of the residential towers within the Elo series. Each apartment features high-end finishes, open-plan living spaces, and spacious balconies, making Elo among the most in-demand off-plan apartment clusters in Dubailand.

Community and Lifestyle

• Located within DAMAC Hills 2 (Akoya Oxygen) — one of the UAE’s most comprehensive self-contained resort communities
• Near Water Town within the community, providing residents with direct access to Malibu Beach, wave pool, lazy river, and splash zones
• Surrounded by parklands, cycling and jogging tracks, and lush landscaping — a genuine escape from the urban grid
• Carrefour supermarket, Saudi German Clinics, and Shining Stars Nursery within the community
• Ideal for young professionals, couples, investors, and small families seeking resort living at an affordable Dubai price point
• DAMAC Hills 2 is DAMAC’s most transacted community — high liquidity and consistent secondary market activity

Amenities

• Resort-style swimming pool with swim-up bar
• Outdoor cinema (open-air, by the river/pool)
• Climbing wall — outdoor fitness and adventure
• Malibu Beach (white sandy private beach within DAMAC Hills 2)
• Wave pool and wave surfing simulator
• Lazy river running through the community
• Sports fields — multi-sport courts including football, tennis, basketball, cricket
• Fishing lake
• Dedicated kids’ play area
• Fully equipped gymnasium and fitness centre
• BBQ areas and landscaped picnic gardens
• Dog park for pet owners
• Carrefour supermarket within the community
• Community retail, restaurants, and cafes
• Saudi German Clinics DAMAC Hills 2
• 24-hour security and gated community access
• Covered parking

Layout and Floor Plan

Elo 2-bedroom apartments range from approximately 700 to 1,079 sq ft across different floor plans and configurations. This unit is 776 sq ft on a high floor of Building 14, featuring 2 bedrooms, 2 bathrooms, an open-plan living and dining area, a fitted kitchen, balcony, and laundry space. The semi-furnished specification means key fixtures and fittings are included, allowing the buyer to move in or let with minimal additional investment. The pool and amenities view from the high floor delivers a consistent community outlook with access to natural light and community vibrancy. The detailed floor plan for this specific unit — including exact layout and stack position — is available on request quoting reference ELO-DH2-2BR-776-HF-001.

Payment and Handover

Elo 2 at DAMAC Hills 2 was launched with a 20/60/20 payment plan: 20% down payment on booking, 60% during construction in staged installments, and 20% on handover in Q2 2027. This is an off-plan SPA assignment. The buyer assumes the seller’s outstanding payment obligations per the original DAMAC schedule. A 4% DLD Oqood transfer fee applies on assignment — approximately AED 35,960 on the distress price of AED 899,000. A trustee office fee of approximately AED 4,200 also applies. Buyer agency fee is typically 2% (~AED 17,980). The full breakdown of paid versus outstanding installments is available on request.

Location and Connectivity

• Al Qudra Road (D63): Primary community access road — DAMAC Hills 2 sits alongside it
• Sheikh Mohammed Bin Zayed Road (E311): approximately 10–15 minutes
• Hessa Street (D61): approximately 10 minutes
• Dubai Marina / JBR: approximately 30 minutes by car
• Downtown Dubai / Burj Khalifa: approximately 30 minutes by car
• Mall of the Emirates: approximately 25–30 minutes by car
• Dubai Outlet Mall: approximately 15 minutes by car
• Al Maktoum International Airport (DWC): approximately 25–30 minutes
• Dubai International Airport (DXB): approximately 30–35 minutes
• Expo City Dubai: approximately 25 minutes by car
• DAMAC Hills (Trump Golf Club): approximately 15 minutes

Why Invest in Elo, DAMAC Hills 2

• 16.2% below seller’s OP+DLD: AED 174,280 saving from the first day — immediate equity at acquisition
• Claimed lowest market price: The seller markets this as the lowest-priced 2-bedroom in Elo on the current market — a strong signal of pricing urgency
• Semi-furnished — rent-ready: Semi-furnished delivery accelerates rental readiness and reduces the investor’s post-handover expenditure
• High floor pool view: A pool and amenity view from a high floor is among the most sought-after orientations within Elo, commanding above-average rents
• DAMAC Hills 2 ROI: 1-bedroom and 2-bedroom apartments in DAMAC Hills 2 achieve gross rental yields of approximately 8%+ per year — one of the highest in Dubai for this price band
• Q2 2027 near-handover: Limited remaining construction risk — title deed conversion is approximately two years away with a clear DAMAC delivery timeline
• DAMAC’s most transacted community: DAMAC Hills 2 has consistently ranked among the highest-volume villa and townhouse transactions in Dubai — strong secondary market liquidity
• Freehold: Open to all nationalities, 100% ownership rights, 2-year investor visa at this price level

Frequently Asked Questions (FAQs)