ELO by DAMAC Properties

ELO is a residential development with two 14-storey towers constructed by DAMAC Properties in DAMAC Hills 2. There are 1- and 2-bedroom apartments available for purchase. Every home here boasts stunning views of the neighbourhood's lush parklands.

As a resident of ELO, you will enjoy an array of unrivalled amenities onsite. These include a swimming pool and a swim-up bar, a climbing wall, a gym, an outdoor cinema and a children’s play area. Also, since the complex is situated next to Water Town, you will be able to easily access a wave pool, a lazy river, water slides and more.

ELO is set to have an enviable location near Al Qudra Road, as well as 3 other major highways, ensuring that residents will enjoy seamless and effortless access to the rest of the bustling city. This makes it a strategic location for those who desire a tranquil living area without sacrificing the convenience of being close to the city's main attractions. Among these popular destinations are Dubai Marina, the bustling Business Bay and the ever-busy Dubai International Airport, all of which can be reached within a 35-minute drive.

Furthermore, the development is complemented by a multitude of facilities within walking distance. For shopping needs and daily essentials, there's a Carrefour nearby. For healthcare, residents can access the Saudi German Clinics DAMAC Hills 2, while the Blue Oasis Veterinary Clinic D2 Branch ensures that your pets are mutually well taken care of. Jeeves Dry Cleaners and Laundry is also in the vicinity and for those with young kids, Shining Stars Nursery Dubai is conveniently located nearby.

As of Q1 2024, the starting rental cost for a 1-bedroom apartment in DAMAC Hills 2 is AED 37K (USD 10K). The average gross yield for this property type is a whopping 8.1%. This demonstrates the strong investment appeal of ELO, with the opportunity to generate stable income.

If your investment amounts to AED 750K (USD 204K) or more, you will be able to obtain a 2-year visa. Those who purchase a property worth at least AED 2M (USD 545K) are granted a 10-year Golden visa.