ELO 3
DAMAC Hills 2 (Akoya by DAMAC) , Dubai
AED 580,000
≈
AED 580,000
Construction Progress1%
Description
ELO 3 features 1 and 2-bedroom apartments in DAMAC Hills 2 (Akoya by DAMAC). The interior design of these apartments will reflect a modern sanctuary, offering various layouts infused with abundant natural light and contemporary elegance. Each apartment will be meticulously crafted to provide spacious living areas.
There will also be a plethora of amenities in the community, such as a children’s play area, outdoor theatre and a pool with a poolside bar. This residential development by DAMAC Properties is strategically located in the heart of the parent community with Al Qudra Road (D63) and Jebel Ali – Lehbab Road (E77) in proximity.
Amenities & Features
Gym or Health Club
Swimming Pool
Kids Play Area
Property Details
Property TypeApartment
DeveloperDAMAC Properties
ProjectELO 3
CommunityDAMAC Hills 2 (Akoya by DAMAC)
CompletionOff-Plan -
Q2 2027
Parking1 space
CityDubai
FurnishedUnfurnished
Investment Analysis
Acquisition Costs
Property PriceAED 580,000
DLD Fee (4%)AED 23,200
Trustee FeeAED 4,200
Agency (2%)AED 11,600
Total
InvestmentAED 619,000
Expected Annual Returns
Expected Annual RentAED 44,660
Service Charges (Est)-AED 7,875
Net Annual
IncomeAED 36,785
Net Annual ROI5.9% (after expenses)
Payback Period16.8 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