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ELO

DAMAC Hills 2 (Akoya by DAMAC) , Dubai

AED 1,306,000
≈ AED 1,306,000
Free Residency Visa
Construction Progress13%
Bedrooms
1
Size
525 sqft
Price/Sqft
AED 2,488
Developer

Description

ELO at DAMAC Hills 2 offers a unique blend of modern living and natural serenity with its 1 and 2-bedroom apartments. Situated in a lively Dubai community, this development by DAMAC Properties features a 14-storey tower with meticulously designed residences that combine elegance and comfort. Its prime location provides convenient access to major highways, including Al Qudra Road, ensuring easy connectivity to key landmarks. Despite its proximity to the city's hustle and bustle, ELO offers a tranquil escape with lush parklands and an array of recreational amenities. With flexible payment plans and strong investment returns, ELO is an attractive option for buyers and investors alike.

Amenities & Features

Parking Spaces
Gym or Health Club
Swimming Pool
Kids Play Area
Nearby Shopping Malls

Property Details

Property TypeApartment
ProjectELO
CommunityDAMAC Hills 2 (Akoya by DAMAC)
CompletionOff-Plan - Q4 2026
Parking1 space
CityDubai
FurnishedUnfurnished

Investment Analysis

Acquisition Costs

Property PriceAED 1,306,000
DLD Fee (4%)AED 52,240
Trustee FeeAED 4,200
Agency (2%)AED 26,120
Total InvestmentAED 1,388,560

Expected Annual Returns

Expected Annual RentAED 105,786
Service Charges (Est)-AED 7,875
Net Annual IncomeAED 97,911
Net Annual ROI7.1% (after expenses)
Payback Period14.2 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 Mall26.3 km
Dubai Airport (DXB)30.1 km
Mall of the Emirates24.6 km
Dubai Marina27.6 km