Image 1 of ELO 3 by Damac Properties
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Dubai · Elo

ELO 3 by Damac Properties

At a glance

Specifications

Address

Dubai,Damac Hills 2,Elo,Elo 3

Price range

AED 1,311,000

Completion

Aug 2027

Payment plan

20% / 60% / 20%

Property type

Apartment

About this project

ELO 3 in Damac Hills 2: Apartments at AED 1.31 Million

Damac Properties is building ELO 3 within the Elo sub-cluster of Damac Hills 2, a large master-planned community in the southwest of Dubai. ELO 3 sits four tiers into the community's location hierarchy: Dubai, Damac Hills 2, Elo, and then ELO 3 itself. Construction started in August 2024. Handover is scheduled for August 2027. The project is currently in its active build phase, roughly midway through its three-year construction window. Buyers entering now are joining a project with construction already well under way.

Where Damac Hills 2 Sits

Damac Hills 2 is located along the Al Qudra Road corridor in the outer southwest of Dubai. Getting to Downtown Dubai takes roughly 35 to 40 minutes by car. Dubai Marina sits in a different direction, a similar distance away. This is not a central location. The community trades CBD proximity for space, lower density, and a quieter residential environment. Residents need a car. The daily radius extends outward from the community rather than inward toward the city core.

That trade-off shapes the buyer profile directly. The location suits owner-occupiers who drive and value more living space for the price. It suits families looking for a lower-density community rather than a high-rise urban environment. For investors, the community's family-oriented character points toward longer-term residential tenancy rather than short-stay demand.

One Price: AED 1,311,000

ELO 3 is listed at a fixed AED 1,311,000. The price minimum and maximum are identical. Buyers are looking at a standardised offer rather than a spread of unit types at different price levels. There is no cheaper entry configuration and no premium tier at the top. A fixed price removes the spread-analysis step. The cost is known precisely before a buyer starts. At just above AED 1.3 million, this sits at an accessible level for Dubai apartment buyers targeting community living outside the central districts.

Apartments

ELO 3 delivers apartments only. No villas, townhouses, or retail units are part of the development. This is a pure apartment product. A single type creates a consistent buyer and tenant profile across the building, which matters for investors assessing long-term demand and resale within the development.

On-site Facilities

ELO 3 includes seven amenities across fitness, outdoor living, family use, and on-site services:

Category Amenities
Fitness Gymnasium, Indoor Swimming Pool
Outdoor & Social Landscaped Gardens, Barbecue Area, Children's Play Area
On-site Services Restaurants, CCTV Security

The indoor swimming pool stands out. In Dubai, outdoor pools become impractical during the summer heat months. An indoor option maintains year-round usability. The on-site restaurants reduce reliance on travelling out for meals, which is relevant for a community set away from central dining and retail. The children's play area and barbecue facilities reinforce the family-first positioning clearly. Taken together, the amenity set describes a project built for residential stability, targeting occupants who intend to use the community as a primary home rather than a transient base.

August 2027 Handover

Construction started in August 2024. Handover is scheduled for August 2027. That is a three-year build cycle from ground break to keys. As of mid-2026, the project is roughly halfway through its construction window. Build work is active, and the developer has 14 months left on the clock. The risk profile typical of very early-stage off-plan investment has largely passed. An off-plan buyer entering now commits with visible construction progress already on record.

Getting In for 20%

Stage Payment
Down payment 20%
During construction 60%
On handover 20%

The 20% down payment meets the standard Dubai off-plan entry requirement. The construction phase carries 60% of the purchase price, distributed in instalments across the build period through to mid-2027. Each payment falls during an active construction phase rather than as a single lump sum. The remaining 20% is due at handover. For mortgage buyers, the handover date marks the point where construction financing typically converts to a standard home loan.

Payment plan

Pay as construction progresses

  1. Step 0120%
    Down payment20% paid
  2. Step 0260%
    During construction80% paid
  3. Step 0320%
    On handover100% paid

Schedule totals 100% at handover. Exact dates confirmed in your Sale & Purchase Agreement (SPA).

Construction

Where the project stands

  1. Aug 2024

    Prelaunch
  2. Aug 2024

    Construction Not Started
  3. Sep 2024

    Booking started
  4. Sep 2024

    Construction Started
  5. Today · 14 June 2026
  6. Aug 2027

    Expected Completion
Lifestyle

What's on site

Location

Where it sits

Dubai,Damac Hills 2,Elo,Elo 3

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FAQ

Questions buyers usually ask

Q01

What is the starting price for apartments in Elo 3?

The starting price for apartments in Elo 3 is AED 1,311,000, making it a valuable option in Damac Hills 2, Dubai. This competitive price reflects the high-quality offerings by Damac Properties, providing investors access to off-plan properties in a prime area.

Q02

What types of properties and prices are available in Elo 3?

Elo 3 exclusively offers apartments priced at AED 1,311,000. This singular focus allows for a specialized approach to luxury living in Damac Hills 2, Dubai, resulting in a tailored experience for potential owners.

Q03

What is the payment plan for Elo 3 in Damac Hills 2?

Elo 3 has an attractive payment plan requiring a 20% down payment, followed by 60% during construction and 20% upon handover. This investment strategy allows buyers to manage their expenses efficiently while securing premium real estate in Dubai.

Q04

When will Elo 3 be ready for occupancy?

Elo 3 is expected to be ready for occupancy by August 31, 2027. This timeline allows buyers ample time to plan their investment and secure their futures in Dubai's growing real estate market.

Q05

Where is Elo 3 located?

Elo 3 is strategically located in Dubai, within Damac Hills 2. Its exact address is Dubai, Damac Hills 2, Elo 3. This prime location is accessible and offers a community-centric lifestyle, enhanced by proximity to key amenities.

Q06

Who is developing Elo 3?

Elo 3 is developed by Damac Properties, a reputable name in Dubai's real estate sector. Known for their luxury developments, Damac Properties ensures that Elo 3 meets high standards of quality and design, making it a trusted investment choice.

Q07

What amenities are available at Elo 3?

Elo 3 boasts several premium amenities, including landscaped gardens, a fully-equipped gymnasium, indoor swimming pool, children's play area, and barbecue area. These features enrich the lifestyle of residents, promoting a healthy, community-focused environment.

Q08

What types of properties are available at Elo 3?

Elo 3 offers apartments as its sole property type. This focus provides an exclusive opportunity for potential homeowners to invest in luxury living tailored for upscale buyers in Dubai's thriving real estate market.

Q09

Is Elo 3 a good investment?

Elo 3 presents a solid investment opportunity, given its premium location in Damac Hills 2, Dubai. With the potential for capital appreciation and an attractive payment plan, investors looking to buy in this area can expect favorable ROI and rental yields.

Q10

How can I book a property in Elo 3?

To book a property in Elo 3, interested buyers can visit the official Damac Properties website or contact a local real estate agent. Once booking starts on September 1, 2024, prospective homeowners can secure their units easily through the outlined process.

Ready when you are

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