What is the price of ELO?

ELO is priced from AED 547,000 in Damac Hills 2, Dubai.

What is the payment plan for ELO?

ELO offers a 20/60/20 payment plan with handover expected Q4 2026.

What rental yield does ELO offer?

Projected gross rental yield for ELO is 6.0 to 8.2% annually.

When is ELO handover?

ELO is scheduled for handover in Q4 2026 in Damac Hills 2, Dubai.

Can foreigners buy ELO?

Yes. Dubai freehold zones allow any nationality to purchase off-plan property with full ownership rights and no property tax.

UAE Real Estate · Dubai

ELO in Damac Hills 2

Launch Price

AED 547,000

Property Type

Apartment

Bedrooms

1 - 2 Beds

Payment Plan

20/60/20

Handover

Q4 2026

Projected Yield

6.0 to 8.2%

Buyers in Damac Hills 2 can access 1 - 2 beds apartment options at ELO from AED 547,000. A 20% booking payment secures the unit. Construction-phase instalments total 60%, with the remaining 20% due at handover scheduled for Q4 2026. 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. MonthlyDubai can check against your specific budget.

Payment Plan Breakdown

Minimum monthly instalment during construction: AED 36,467. No mortgage or bank approval required.

Phase	%	Amount
On Booking	20%	AED 109,400 Due on signing SPA
During Construction	60%	AED 36,467/mo 9 months
On Handover	20%	AED 109,400 Due at Q4 2026
Total	100%	AED 547,000

Questions about ELO

What payment plan does ELO offer?+

ELO uses a 20/60/20 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q4 2026.

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 fits your budget and send you comparable alternatives.

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