Elo 3
1 BR · Apartment
About the building
A residential building in Damac Hills 2. Developer — Damac Properties.
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 NP7-513881
How much is this 1-bedroom apartment in Elo 3?
Lot NP7-513881 is priced at AED 750 000, about $204 000. The size is 540 sq ft (50 m²), which works out at AED 1 389 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.
How does this price compare with other lots in Elo 3?
The database holds 2 lots in Elo 3 right now, from AED 750 000 to AED 1 150 000.
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 1 389, is 15% 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 Q2 2027. 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 30 000 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 1 250 000 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 →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 NP7-513881 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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