Elo 1
1 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 NP7-513880
How much is this 1-bedroom apartment in Elo 1?
Lot NP7-513880 is priced at AED 720 000, about $196 000. The size is 554 sq ft (51 m²), which works out at AED 1 300 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 17 lots in Damac Hills 2, starting from AED 660 000. The area median is AED 1 205 per sq ft; this lot, at AED 1 300, is 8% above it. 2 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 →Is the property ready or still under construction?
The handover date in the listing is Q4 2026. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 28 800 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?
The lot's price is AED 30 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 280 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →What is known about Elo 1?
The building has 15 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 NP7-513880 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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