Limited-Time Offer: Pre-launch pricing available for Elo townhouses at DAMAC Hills 2 – secure your luxury home now!
Elo Damac Hills
Luxury townhouse community with nature-inspired design, offering world-class amenities and a serene lifestyle amidst lush greenery and tranquil lakes.
The community provides an array of world-class amenities, including sports facilities, wellness areas, and entertainment options for families.
Elo at DAMAC Hills 2 offers a sophisticated blend of luxury living and eco-conscious design, making it one of Dubai’s most attractive new residential communities. Positioned within DAMAC Hills 2, Elo features modern townhouses that reflect a seamless fusion of contemporary architecture and nature. Surrounded by lush greenery, flowing lakes, and landscaped gardens, residents enjoy an immersive connection with nature while having access to Dubai’s key destinations via major road networks like Al Qudra Road and Umm Suqeim.
Designed with families and investors in mind, the community boasts a variety of world-class amenities. These include the Water Town for thrilling aquatic activities, the Sports Town with tennis, basketball, and football courts, and the Fitness Zone for outdoor workouts. Residents also benefit from the serene wellness areas, children’s playgrounds, and lush, open spaces for peaceful strolls. DAMAC Hills 2 has cultivated an eco-friendly lifestyle, with sustainable water management systems and abundant green corridors.
In addition to offering luxurious homes, Elo provides residents with a well-balanced lifestyle that includes convenience, privacy, and a community feel. The smartly designed townhouses feature spacious living areas, modern interiors, and premium finishes, appealing to those looking for both comfort and style. Investors will find strong rental potential and long-term appreciation in this sought-after location, as Dubai continues to expand and evolve.
Whether you’re seeking a tranquil suburban retreat or a long-term investment in Dubai’s thriving real estate market, Elo at DAMAC Hills 2 offers the perfect blend of luxury, sustainability, and community living.
Location
Frequently Asked
Questions
Yes, foreign nationals can freely purchase and own freehold properties in specific designated areas across Dubai without any restrictions. Popular freehold zones include Dubai Marina, Palm Jumeirah, Downtown Dubai, and Business Bay.
The minimum investment for purchasing property in Dubai typically starts from approximately AED 500,000 (around £110,000). Affordable off-plan developments often provide flexible payment plans to attract foreign investors.
Investing in Dubai property can be highly profitable due to strong rental yields (between 5-8%), zero annual property taxes, a dynamic tourism sector, and a growing expatriate population driving rental demand.
The Dubai Land Department charges a 4% transfer fee on property purchases. This fee is typically split equally between buyer and seller unless agreed otherwise, and it is payable upon property registration.
Off-plan properties usually involve an initial payment of around 10-20%, followed by staggered instalments throughout the construction period. The remaining balance is paid upon completion and handover of the property.
Yes, several developers and real estate agencies in Dubai now accept cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) for property purchases, making transactions secure, quick, and internationally accessible.
No, a visa is not required to purchase property. However, investing AED 750,000 (£165,000) or more qualifies you for a renewable 2-year residency visa, providing additional benefits like UAE residency and access to local services.
- Freehold: Offers complete ownership rights with no time restrictions, allowing the property to be resold, inherited, or rented freely.
- Leasehold: Involves leasing the property for an extended period (usually 99 years), without outright ownership. The property returns to the freeholder after the lease expires.
Purchasing a ready-to-move-in property typically takes between 2 to 6 weeks. Off-plan property completion depends on the development timeline, usually between 1 to 4 years.
Dubai does not impose annual property taxes. However, investors should budget for associated costs such as Dubai Land Department fees, registration costs, and ongoing annual service charges for property maintenance.
Yes, foreign investors can obtain mortgages in Dubai, but banks generally require a down payment of at least 50% for non-residents. Residents can receive mortgages with up to 80% financing.
Top investment areas include:
- High ROI: Dubai Marina, Business Bay, Jumeirah Village Circle (JVC)
- Luxury: Downtown Dubai, Palm Jumeirah, Emirates Hills
- Affordable: Dubai South, Dubailand, International City
Absolutely. Investors have the flexibility to lease their properties long-term or offer short-term holiday rentals through platforms like Airbnb, potentially generating substantial income.
Common risks include market volatility, construction delays in off-plan projects, fluctuations in rental yields, and ongoing service charges. Mitigate these risks by choosing reputable developers and conducting thorough market research.
To safeguard your investment:
- Work with established agencies like Regenta Residential.
- Choose properties developed by well-known, reputable developers.
- Conduct due diligence by thoroughly reviewing all legal and regulatory documents before purchasing.
How it works
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