The project
About ELO 3
ELO 3 is the third ELO apartment building by DAMAC in Damac Hills 2, offering one- and two-bedroom residences.
Property Finder cites a launch figure of AED 1.31M, while other listings show one-bedrooms from about AED 580K; a 20/60/20 plan is most cited.
Handover is expected between Q2 and Q3 2027, with June 2027 on a DLD-sourced listing.
Payment
Payment plan
20% down payment, 60% during construction, 20% on handover
At a glance
ELO 3 key facts
- Developer
- DAMAC Properties
- Community
- Damac Hills 2
- Status
- Under construction
- Handover
- Q3 2027
- Starting price
- On request
- Unit types
- 1 Bedroom, 2 Bedroom
- Payment plan
- 20% down payment, 60% during construction, 20% on handover
- Ownership
- Freehold — open to all nationalities
Process
How to buy at ELO 3
- 01
Shortlist and reserve
Choose a unit type and view at ELO 3 and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
DAMAC Properties issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q3 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Within the established Damac Hills 2 community
- Construction-linked payment plan
What to weigh
- Starting price figures conflict sharply
- Payment structure differs between sources
- Distant from central Dubai
FAQ
ELO 3 — frequently asked questions
What is the starting price of ELO 3?
Pricing for ELO 3 has not been publicly published. Contact MRK Real Estate for the current price list.
When is the handover of ELO 3?
ELO 3 is scheduled for handover in Q3 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for ELO 3?
20% down payment, 60% during construction, 20% on handover
Who is the developer of ELO 3?
ELO 3 is developed by DAMAC Properties in Damac Hills 2, Dubai.
What unit types are available at ELO 3?
ELO 3 offers 1 Bedroom, 2 Bedroom.
Where is ELO 3 located?
ELO 3 is in Damac Hills 2, Dubai.
Can foreigners buy at ELO 3?
Yes. Damac Hills 2 is a freehold area, so buyers of any nationality can own property at ELO 3 outright.
How do I buy or sell at ELO 3?
MRK Real Estate advises on primary purchases and resales at ELO 3. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-11-01. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
