Elo 2
Off-Plan

Elo 2

From AED 749,990·Handover Jun 2027·15% down payment Payment
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AED 749,990
Starting Price
Jun 2027
Handover
15% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Elo 2 is a project by Damac, located in Damac Hills 2. The complex features a ground level, a podium floor, and 14 residential floors, offering thoughtfully designed 1- and 2-bedroom apartments. Elo 2 stands as a true architectural masterpiece, blending refined design with functionality. The towers' exterior showcases a modern style with elegant lines and light facades that seamlessly harmonize with the surrounding environment. Interiors are crafted with a strong focus on comfort and aesthetics: neutral tones, spacious layouts, premium materials, and meticulous planning create an inviting atmosphere of luxury and coziness. The complex offers a range of exclusive amenities, including a large swimming pool with a bar, a climbing wall, a state-of-the-art gym equipped with the latest technology, an open-air cinema, and a children's playground. Elo 2 is situated in the vibrant, fast-growing community of Damac Hills 2, connected to four major highways and an extensive transport network, ensuring convenient access to all key destinations across the city. Damac Hills is just 15 minutes away, while Global Village, IMG Worlds of Adventure, and Dubai Outlet Mall are within a 25-minute drive. Al Maktoum International Airport and Dubai International Airport can be reached in approximately 30–35 minutes.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills 2
Unit Types1 BR, 2 BR, Apartments
AreaDamac Hills 2
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 32,362 / year
Cash-on-Cash
2.2%
Levered cashflow AED 7,612
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 48,749 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Elo 2 launch basis833AED 749,990Current launch / asking basis
Damac Hills 2 ready-stock comps1,500AED 1.35MIndicative resale benchmark
Damac Hills 2 premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Flexible Payment

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Amenities & Lifestyle

Kids Play Area
Outdoor cinema
Shared Pool
Shared gym

Location

Damac Hills 2

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Damac Hills 2Damac Hills 2Dubai, UAE

Developer Track Record

01

Elo 2 by Damac Properties

02

Located in Damac Hills 2

03

Starting from AED 749,990

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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