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ELO 2

DAMAC Hills 2 (Akoya by DAMAC) , Dubai

AED 577,000
≈ AED 577,000
Construction Progress1%
Bedrooms
1
Size
524 sqft
Price/Sqft
AED 1,101
Developer

Description

ELO 2 at DAMAC Hills 2 epitomizes modern urban living with a touch of tranquillity, offering a selection of 1 and 2-bedroom apartments. It redefines luxury with its impeccable design, prime location and world-class amenities. Strategically positioned, the project by DAMAC Properties ensures residents enjoy easy connectivity to major highways of the city including Al Qudra Road.

Despite its urban accessibility, ELO 2 provides a serene escape from the hustle and bustle, surrounded by lush landscapes and recreational services. Additionally, the upcoming development offers a grocery store for everyday convenience, a fitness centre, and dedicated kids' play areas, ensuring that residents have everything they need for a comfortable and luxurious lifestyle.

Amenities & Features

Gym or Health Club
Kids Play Area
Other Facilities

Property Details

Property TypeApartment
ProjectELO 2
CommunityDAMAC Hills 2 (Akoya by DAMAC)
CompletionOff-Plan - Q2 2027
Parking1 space
CityDubai
FurnishedUnfurnished

Investment Analysis

Acquisition Costs

Property PriceAED 577,000
DLD Fee (4%)AED 23,080
Trustee FeeAED 4,200
Agency (2%)AED 11,540
Total InvestmentAED 615,820

Expected Annual Returns

Expected Annual RentAED 43,852
Service Charges (Est)-AED 7,860
Net Annual IncomeAED 35,992
Net Annual ROI5.8% (after expenses)
Payback Period17.1 years

How We Calculate These Numbers

The figures above are based on standard Dubai acquisition and income assumptions so you can compare properties consistently.

  • Total Investment = Property price + DLD fee (4%) + Trustee/registration fee + Agency (2% if applicable).
  • Net annual income = Expected annual rent − estimated service charges (e.g. based on AED per sqft).
  • Net ROI = (Net annual income ÷ Total investment) × 100.
  • Payback period = Total investment ÷ Net annual income (years).

Distance from Major Landmarks

Burj Khalifa26.6 km
Dubai Mall26.4 km
Dubai Airport (DXB)30.2 km
Mall of the Emirates24.5 km
Dubai Marina27.5 km