Projects·Dubai·DAMAC Hills 2 (Akoya by DAMAC)

ELO, apartments in DAMAC Hills 2 (Akoya by DAMAC), Dubai, by DAMAC Properties

Off-PlanApartments

ELO

DAMAC Hills 2 (Akoya by DAMAC) · Dubai · by DAMAC Properties

Details are indicative, confirm with our desk before transacting

Price from

AED 1.31M

entry price

Bedrooms

1BR-2BR

Apartments

Handover

Q4 2026

Off-Plan

Est. gross yield

On ask

ELO is an apartment development by DAMAC Properties in DAMAC Hills 2 (Akoya by DAMAC), Dubai. The project offers 1BR to 2BR homes. Unit sizes run from 525 to 1,078 sqft. Launch pricing starts at AED 1,306,000. The published payment plan is 80/20: 20 percent on booking, 60 percent during construction, 20 percent on handover. Handover is scheduled for Q4 2026. Amenities include parking spaces, gym or health club, swimming pool, kids play area, nearby shopping malls. Dubai is freehold for all nationalities, with no annual property tax, and a purchase at AED 2 million or above supports a ten year Golden Visa.

Why it makes the list

Launch price from AED 1,306,000
80/20 payment plan
Handover Q4 2026
1BR-2BR homes

Payment structure

80/20

Modelled on entry price AED 1.31M

Booking / down payment20% · AED 261,200

During construction60% · AED 783,600

On handover20% · AED 261,200

Payment plan as published on the developer's project listing, captured 2026-09-16. Confirmed with our desk before reservation. Figures shown against the entry price. Confirm the live schedule with our desk. Indicative, not financial advice.

Cost to entry

What it takes to secure a unit at ELO: the down payment plus government and trustee costs, before the mortgage question.

Down payment20%

AED 261,200

DLD fee4%

AED 52,240

Trustee + adminfixed

≈ AED 4,500

All-in entry estimate

AED 317,940

Down payment 20% + DLD 4% + trustee. Indicative, not financial advice.

Location

DAMAC Hills 2 (Akoya by DAMAC) · Dubai

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Developer

DAMAC Properties

Tier 1 developer · 43,000+ units delivered across the Middle East · since 2002

Track record →

Data provenance

Details for ELO are compiled from the developer’s published project listing, captured 16 September 2026. Figures are indicative and are reconfirmed against DAMAC Properties’s current inventory before any reservation. Spotted something out of date? Tell us and we will check it against the source.

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