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Damac Properties · DAMAC Hills 2

ELO 3

Handover Q3 2027Plan 20/60/20
Brochure
Starting price
AED 1.31M
From 1BR
Price / sqft
1,216
AED, derived from PropertyFinder unit data
Rental yield
7%
gross p.a., Damac Hills avg
Capital appreciation
+6%
to handover (1.3y)
Popularity
70/100
demand index

About this project

ELO 3 is a residential development by DAMAC Properties in DAMAC Hills 2, offering one- and two-bedroom apartments scheduled for completion in Q3 2027. The project is positioned near Al Qudra Road, providing connectivity to major highways across Dubai.

Unit Mix and Layout

One-bedroom apartments range from 525 to 646 square feet, while two-bedroom units span 775 to 1,078 square feet. All units feature contemporary finishes and efficient floor plans suited to individuals, couples, and small families.

Amenities and Community

Residents have access to landscaped gardens, walking and jogging paths, an indoor swimming pool, a gymnasium, sports courts, and children's play areas. The development includes barbecue areas, CCTV security, and on-site restaurants. The surrounding master community emphasizes green spaces and outdoor recreation.

Pricing and Ownership

Starting prices begin at AED 1,311,000. The payment plan requires 20% at booking, 60% during construction, and 20% on handover. The property is offered on a freehold basis, granting full ownership rights to buyers.

Landscaped Gardens
Gymnasium
Restaurants
Indoor Swimming Pool
CCTV Security
Barbecue Area
Children's Play Area
Walking Paths
Jogging Paths
Sports Courts
Fitness Centers

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment
Buildings
1
Expected completion
31 Aug 2027

Project timeline

  1. Prelaunch
    25 Aug 2024 · completed
  2. Construction Not Started
    30 Aug 2024 · completed
  3. Booking started
    1 Sept 2024 · completed
  4. Construction Started
    2 Sept 2024 · completed
  5. Expected Completion
    31 Aug 2027

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

Where is ELO 3 located?
ELO 3 is located in DAMAC Hills 2, Dubai. The development is part of the wider DAMAC Hills 2 master community.
What is the starting price for ELO 3?
The starting price for ELO 3 is AED 1,311,000.
What payment plan does ELO 3 offer?
ELO 3 offers a payment plan requiring 20% at booking, 60% during construction, and the remaining 20% on handover. This structure allows buyers to spread payments across the construction period.
Is ELO 3 a good investment?
ELO 3 offers one- and two-bedroom apartments in DAMAC Hills 2 with access to green parklands, walking paths, swimming pools, fitness centers, and sports courts. The development is located near Al Qudra Road, providing connectivity to major highways. The community is designed for residents seeking both outdoor amenities and access to the city.
When is ELO 3 scheduled for handover?
ELO 3 is expected to be completed and ready for handover in Q3 2027.
Is ELO 3 freehold or leasehold?
ELO 3 is a freehold property, meaning buyers receive full ownership rights without leasehold restrictions.
Who is developing ELO 3?
ELO 3 is developed by DAMAC Properties, a Dubai-based developer with a portfolio of residential, commercial, and retail projects across the UAE.
What unit types are available in ELO 3?
ELO 3 offers one-bedroom apartments ranging from 525 to 646 square feet and two-bedroom apartments ranging from 775 to 1,078 square feet.