Photos and renders of the building and grounds — not of this particular unit.
ELO
2 BR · Apartment
About the building
15-storey residential building in Damac Hills 2. Developer — Damac Properties. Architect — Eng. Adnan Saffarini.
What the building has
- Swimming pool
Where it is
The pin is placed by project — accurate to the development, not the door.
Damac Hills 2
Formerly Akoya Oxygen: a very large, very affordable community a long way out, with amenity that surprises people.
- highest villa yields
- lowest entry price for a house
- remote workers
What to check: Drive the route to wherever you or your tenant would actually work, at the time you would drive it. The distance is the whole trade here, and it is the single fact that determines whether this community works for you.
Full district guide →Questions and answers about lot NP18-574906
How much is this 2-bedroom apartment in ELO?
Lot NP18-574906 is priced at AED 930 000, about $253 000. The size is 804 sq ft (75 m²), which works out at AED 1 157 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for Damac Hills 2?
The database holds 25 lots in Damac Hills 2, starting from AED 660 000. The area median is AED 1 009 per sq ft; this lot, at AED 1 157, is 15% above it. 4 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Damac Hills 2 area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 186 000; a loan of AED 744 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 800–4 300 a month. A non-resident puts down from 40% (AED 372 000) and pays about AED 2 900–3 300 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 37 200 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 070 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about ELO?
The building has 15 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
ELO project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP18-574906 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in Damac Hills 2
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