ELO 2 in Damac Hills 2
ELO 2 · Damac Hills 2, Dubai
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Launch Price
AED 577,000
Property Type
Apartment
Bedrooms
1 - 2 Beds
Payment Plan
20/50/30
Handover
Q2 2027
Projected Yield
6.0 to 8.2%
ELO 2 is bringing 1 - 2 beds off-plan apartments to Damac Hills 2 in Dubai, priced from AED 577,000. A 20% booking payment secures the unit. Construction-phase instalments total 50%, with the remaining 30% due at handover scheduled for Q2 2027. Projected gross returns run in the 6.0 to 8.2% range annually, in line with similar off-plan product in Dubai. Buyers at the AED 5,000 monthly instalment level may qualify for units in ELO 2. MonthlyDubai can check against your specific budget.
Payment Plan Breakdown
From AED 19,233/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 115,400 Due on signing SPA |
|
| During Construction | 50% | AED 19,233/mo 15 monthly instalments |
|
| On Handover | 30% | AED 173,100 Due at Q2 2027 |
|
| Total | AED 577,000 | ||
On Booking
20%
AED 115,400
Due on signing SPA
During Construction
50%
AED 19,233/mo
15 monthly instalments
On Handover
30%
AED 173,100
Due at Q2 2027
Total
100%
AED 577,000
Questions about ELO 2
What payment plan does ELO 2 offer?
ELO 2 uses a 20/50/30 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q2 2027.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether ELO 2 fits your budget and send you comparable alternatives.
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