ELO
ELO — an apartment complex with a stunning view of a green park
Dive into a world of unmatched comfort and harmony with nature in the new ELO community by DAMAC Properties. The complex consists of two elegant 14-storey buildings and is situated in the green community of DAMAC Hills 2.
ELO currently offers elegant 1-2-bedroom apartments with spacious balconies that are ideal for taking in the captivating views of the lush park. The size of the apartments ranges from 530 sq. ft. to 1,100 sq. ft. The naturally bright interiors will be styled in warm earthy tones, blending seamlessly with the natural landscapes visible through the windows.
About the Project
Property Types & Floor Plans
1 bedroom Apartments
1 bedroom Apartments
1 bedroom Apartments
1 bedroom Apartments
2 bedrooms Apartments
2 bedrooms Apartments
2 bedrooms Apartments
2 bedrooms Apartments
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Get a free advice from sales team
Our specialists will consult you on any issues and help you conclude a swift transaction with the lowest risk in order to protect your investment.
Infrastructure at ELO
Pool with a bar
Plunge into the refreshing pool while enjoying the breathtaking panoramic view and having a delicious cocktail, all without ever leaving the comforting waters.
Open-air cinema
Watch your favourite films in the most romantic setting — under the evening sky aglow with thousands of stars.
DAMAC Properties innovatively shapes premium projects across the Middle East, crafting modern landscapes
DAMAC Properties has been constructing significant real estate projects in the Middle East for over 20 years. In addition, the developer operates in Saudi Arabia, Jordan, Lebanon, Qatar, Turkey and the United Kingdom.
About Company
The Metropolitan Premium Properties team will gladly help you resell/rent out your property to generate profit. We will find potential buyers/tenants with the help of our efficient marketing campaigns and handle all the paperwork and operational issues.
120,000
Customers
15 years
Of productive work
Top-5
Best Performing Agencies
>700
People on its team
Attractive 70/30 Payment Plan from DAMAC
20%
50%
30%
Economic Appeal of ELO
The DAMAC Hills 2 community offers a developed infrastructure for peaceful relaxation and an active lifestyle for those living at ELO Within a few minutes, residents can reach Water Town, which features a wave pool, lazy river, water slides and more. Other community entertainment options include a fishing lake, dance studio, Zen garden, sports courts and paintball park.
Thanks to its affordability and convenient payment plan, ELO is a lucrative option for investors looking to earn income from reselling or renting the property.
AED 37k
(USD 10K)
> 8.1%
8.1% or more
Types of property:
As of the first quarter of 2024, the starting rental price for a 1-bedroom apartment in DAMAC Hills 2 is AED 37K (USD 10K) per year, with an average ROI of 8.1%. These figures confirm that you can generate a steady passive income if you decide to rent out your property at ELO.
DAMAC Properties offers potential buyers a convenient 70/30 payment plan, which includes a 20% deposit upon booking. The remaining 30% must be paid after completion of the project in the fourth quarter of 2026. As ELO is being built, the value of the apartments will increase, allowing you to profit from reselling your property even during the off-plan stage.
ELO offers a serene life in a community with lush green parks and top-notch infrastructure for all ages — including medical and educational institutions, sports facilities, jogging and biking tracks and much more. At the same time, residents can quickly reach popular attractions, and the entertainment and business centres of the emirate. Apartments in this complex will be the perfect home for both families with children and young professionals. If you invest at least AED 750K (USD 204K) in real estate in ELO, you'll be eligible for a 2-year residency visa. This extends to the entire family and can be renewed as long as you remain the property owner.
Download brochure
Brochure
PDF 17.48 Mb
Location of ELO
About the Damac Hills 2
Project materials
FAQ
The developer of the complex is DAMAC Properties.
The complex is located in DAMAC Hills 2.
There are 1-2 bedroom apartments available for purchase.
The handover of the complex is planned for the fourth quarter of 2026.
The developer offers a convenient 70/30 payment plan, which includes a 20% deposit upon booking.
As of the first quarter of 2024, the starting price for a 1-bedroom apartment in ELO is AED 547K (USD 149K).
Yes, you can obtain a residency visa provided the purchase amount meets the minimum requirement.
You can get a 2-year visa if you invest at least AED 750K (USD 204K).
Yes, citizens of all countries can purchase apartments in this complex.
Yes, it's a very profitable investment because the starting rental cost for a 1-bedroom apartment in DAMAC Hills 2 as of Q1 2024 is AED 37K (USD 10K) per year, with an average ROI of 8.1%.
Yes, it's an excellent choice for families with children, young professionals and couples. The complex is surrounded by green parks and features a children's playground, open-air cinema, gym and climbing wall, and there is a nursery and wave pool nearby.
The DAMAC Hills 2 community boasts supermarkets, educational and medical institutions, a farmers' market, as well as sports facilities and entertainment for all ages — water play areas and splash parks, a football pitch, basketball and tennis courts, jogging and bicycle tracks and more.
Get a free advice from sales team
Our specialists will consult you on any issues and help you conclude a swift transaction with the lowest risk in order to protect your investment.
Similar Projects
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Attractive 70/30 Payment Plan from DAMAC
Download brochure
Brochure
PDF 17.48 Mb
Download all floor plans
Floor Plans
PDF 2.74 Mb
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