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Off-Plan
Q2 2027
N/A
Freehold
u-hidden
ELO at Damac Hills 2 (Akoya Oxygen) is an off-plan residential development by Damac Properties, targeting handover in Q2 2027 within Dubai's fastest-growing self-contained community. With studios from AED 670,000 and a flexible 20/50/30 payment plan, ELO offers exceptional value within a mega-amenity township featuring a wave pool, Water Town, Sports Town, and championship golf environment — positioned as a premier lifestyle investment for first-time buyers and investors alike.
Key Numbers at a Glance: | Metric | Detail | |---|---| | Developer | Damac Properties | | Location | Damac Hills 2 (Akoya Oxygen), Dubai | | Status | Off-Plan — Handover Q2 2027 | | Unit Types | Studios, 1BR, 2BR Apartments | | Starting Price | AED 670,000 (Studios) | | Payment Plan | 20% Down / 50% During Construction / 30% On Handover | | Community | Damac Hills 2 (Akoya Oxygen) master community | | Key Lifestyle Features | Water Town, Malibu Beach Wave Pool, Sports Town |
Damac Hills 2, also known as Akoya Oxygen, is a large-scale master-planned community located in Dubailand — one of Dubai's most ambitious suburban development corridors. The community is positioned approximately 25–30 km south of downtown Dubai along the Al Qudra Road (D63) corridor, placing it in an area of rapid infrastructure expansion and growing demand from UAE residents seeking larger living spaces at accessible price points.
Distance from Key Landmarks:
The Al Qudra Road and Emirates Road provide the primary connectivity corridors. Damac Hills 2 is positioned to benefit from ongoing road network upgrades in Dubailand, and the broader Expo City infrastructure investments have materially improved connectivity south of Sheikh Zayed Road.
ELO at Damac Hills 2 is a residential tower development within the broader Damac Hills 2 (Akoya Oxygen) master community — a 42 million sq ft self-sustained township that has evolved into one of Dubai's most vibrant suburban ecosystems. The project targets young professionals, growing families, and savvy investors who recognise the long-term value trajectory of this rapidly developing node.
The ELO development contributes additional apartment inventory to the community's residential portfolio, with contemporary architecture, modern interiors, and full integration into the extensive amenity network that defines Damac Hills 2 as a lifestyle destination rather than merely a residential address.
Community Context: Damac Hills 2 is built around a central parks, water attractions, and sports amenities vision — analogous to a private resort within a community. The township includes SPINNEYS supermarket, schools, medical clinics, community retail strips, and multiple dining outlets, ensuring day-to-day self-sufficiency within walking distance.
| Unit Type | Size Range | Starting Price | |---|---|---| | Studio | 400 – 500 sq ft | AED 670,000 | | 1 Bedroom | 700 – 900 sq ft | AED 950,000+ | | 2 Bedroom | 1,000 – 1,300 sq ft | AED 1,300,000+ |
Interior Features:
One of ELO's most compelling propositions is its access to the spectacular amenity network of Damac Hills 2 — a master community designed with lifestyle at its core:
Water Town:
Sports Town:
Green Spaces & Parks:
Community Retail & Services:
Building Amenities (ELO):
ELO at Damac Hills 2 offers an investor-friendly structured payment plan:
| Milestone | Payment | |---|---| | Down Payment (On Booking) | 20% | | During Construction | 50% (spread across milestones) | | On Handover (Q2 2027) | 30% |
This 20/50/30 structure provides capital efficiency for investors who wish to enter the market with a relatively modest initial outlay while the property appreciates during the construction period. Post-handover payment plans are also typically available through Damac's financing partners.
Damac Properties is one of the Middle East's most prolific luxury real estate developers, with a portfolio exceeding 43,000 units delivered across Dubai, Riyadh, London, Toronto, and other global cities. Founded in 2002 by Hussain Sajwani, Damac has delivered landmark branded developments including:
Damac is listed on the Dubai Financial Market (DFM) and has consistently delivered projects on schedule, with a strong post-handover service team and active community management across all master communities. Their Damac Hills 2 township, in particular, has seen consistent capital appreciation since launch, validating the long-term investment thesis.
Why ELO at Damac Hills 2 Makes Investment Sense:
Projected Rental Yields:
These yields reflect Damac Hills 2's strong rental fundamentals as a community that offers genuine lifestyle value for tenant families who cannot afford equivalent centrally located units.
ELO at Damac Hills 2 by Damac Properties represents a compelling entry-level investment in one of Dubai's most ambitious suburban lifestyle communities. With studios from AED 670,000, a capital-efficient 20/50/30 payment plan, handover targeted for Q2 2027, and access to world-class amenities including Malibu Beach wave pool, Water Town, and Sports Town, ELO delivers exceptional lifestyle value in a rapidly maturing master community. For investors seeking yield-generative assets in Dubai's southern growth corridor — and for end-users seeking an affordable lifestyle upgrade — ELO at Damac Hills 2 is a high-conviction acquisition at a market-leading price point.




Swimming Pool
Gym
Kids Play Area
24/7 Security
Parking
Retail Outlets
Community View
Discover the exceptional location of ELO at Damac Hills 2 in Damac Hills, offering unparalleled access to Dubai's finest destinations.
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