Project Overview & Investment Highlights
ELO unveils a novel assortment of chic 1 & 2-bedroom residences by the acclaimed DAMAC Properties. Nestled within the verdant environs of DAMAC Hills 2, this development comprises two towering edifices, each soaring 14 stories high.
ELO emerges as a residential marvel, meticulously crafted by DAMAC Properties within the idyllic precincts of DAMAC Hills 2. Offering an array of 1- and 2-bedroom abodes, every domicile within this enclave offers panoramic vistas of the lush parklands that define the neighborhood.
Residents of ELO are bestowed with an unparalleled array of on-site amenities. These encompass a refreshing swimming pool complete with a swim-up bar, an exhilarating climbing wall, a well-appointed gymnasium, an alfresco cinema, and a whimsical children’s play area. Adjacent to Water Town, residents can seamlessly access a wave pool, a lazy river, exhilarating water slides, and more.
Stunning 1-2BR Apartments in DAMAC Hills 2
Set against the picturesque backdrop of Al Qudra Road and three major thoroughfares, ELO enjoys a coveted location, ensuring seamless connectivity to the vibrant pulse of the city. Ideal for those seeking a serene residential enclave without compromising on urban convenience, ELO provides swift access to key attractions such as Dubai Marina, bustling Business Bay, and the bustling Dubai International Airport, all reachable within a 35-minute commute.
Bolstering its appeal, the development is surrounded by an array of amenities within walking distance. For retail therapy and daily essentials, a nearby Carrefour beckons. Healthcare needs are catered to by the Saudi German Clinics DAMAC Hills 2, while the Blue Oasis Veterinary Clinic D2 Branch ensures the well-being of furry companions. Jeeves Dry Cleaners and Laundry offers convenience, and for young ones, Shining Stars Nursery Dubai is conveniently situated nearby.
As of Q1 2024, the initial rental outlay for a 1-bedroom residence in DAMAC Hills 2 stands at AED 37K (USD 10K), boasting an impressive average gross yield of 8.1%. Underscoring its investment allure, ELO presents an opportunity for stable returns.
Prospective investors with a commitment of AED 750K (USD 204K) or more stand to gain a 2-year visa, while those investing AED 2M (USD 545K) or above are entitled to a coveted 10-year Golden visa.
