ELO 3 | 1BR DAMAC Hills 2 | 6.9% | DAMAC Hills 2 Community View

• 1 Bedroom Apartment, DAMAC Properties, DAMAC Hills 2 (Akoya by DAMAC), Dubai, UAE
• 555 sqft (51.6 sqm) | 1 Parking | Semi-Furnished | DAMAC Hills 2 Community View | Mid Floor
• Asking: AED 670,000 — 6.9% below original cost AED 720,000; AED 80,000 below current market AED 750,000
• Payment: 50% paid (AED 360,000); buyer assumes 50% (AED 360,000) at Q3 2027
• Handover: Q3 2027 | DAMAC Hills 2 (Akoya) — Trump International Golf Club, Malibu Beach, wave surfing simulator, +30% transactions 2025

What is this ELO 3 1BR deal in DAMAC Hills 2?

This is a verified motivated-seller distress listing at ELO 3 by DAMAC Properties in DAMAC Hills 2. The seller is exiting at 6.9% below the original purchase price of AED 720,000, transferring a 555 sqft 1BR at AED 670,000 (AED 1,207/sqft) against a current DAMAC Hills 2 secondary market of approximately AED 1,351/sqft — placing AED 80,000 in immediate unrealised equity in the buyer’s hands. DAMAC Hills 2 recorded 3,800 DLD transactions in 2025, up 30% year-on-year, providing the buyer liquidity depth for any future exit. Dubai’s total 2025 residential transaction volume reached 205,100 sales worth AED 539.9 billion, up 18.3% year-on-year (DLD / Knight Frank), confirming the structural strength of the market within which this distress opportunity sits.

The unit occupies Mid Floor at ELO 3, delivering DAMAC Hills 2 Community View. With 50% of the original price already paid by the seller (AED 360,000), the buyer assumes only the remaining 50% (AED 360,000) at Q3 2027 handover — giving the buyer 15-21 months of cashflow planning runway between transfer and final payment. Semi-Furnished delivery allows the buyer to customise the unit at their own discretion while benefiting from the seller discount.

The seller is exiting at 6.9% below cost due to a genuine personal liquidity requirement — not a concern about the market, the developer or the project. Having committed AED 360,000 (50%) to DAMAC Properties, the seller crystallises a cash loss of AED 50,000 rather than waiting through the remaining obligations. The buyer captures the full gap between this distress price and the current secondary market: AED 80,000 on AED 670,000 invested — a 11.9% immediate paper return — plus entry at AED 1,207/sqft against new off-plan launches in DAMAC Hills 2 pricing at AED 1,300/sqft or above.

ELO 3 DAMAC Hills 2 — Property Specifications

• Project: ELO 3
• Developer: DAMAC Properties
• Community: DAMAC Hills 2 (Akoya by DAMAC), Dubai
• Unit Type: 1 Bedroom Apartment
• BUA: 555 sqft (51.6 sqm)
• Bathrooms: 1
• Parking: 1 Covered Space
• Floor: Mid Floor
• View: DAMAC Hills 2 Community View
• Furnishing: Semi-Furnished
• Handover: Q3 2027
• Ownership: Freehold — Open to All Nationalities
• Listing Reference: ELO3-DAMAC-HILLS2-1BR-DISTRESS-001

Payment Plan Breakdown — What the Buyer Takes Over

• 50% Paid by Seller: AED 360,000 — across installments to DAMAC Properties
• Buyer Transfer Payment to Seller (at MOU): AED 310,000
• DLD Fee (4%): AED 26,800 — buyer pays directly to DLD
• Developer NOC & Transfer Fee: approx. AED 5,000–6,500
• 50% Final on Handover (Q3 2027): AED 360,000 — buyer pays DAMAC Properties
• TOTAL ALL-IN: AED 702,300 (price+DLD+NOC). Handover balance AED 360,000 due Q3 2027. Zero agent fee.

DAMAC Properties-approved novation: seller NOC confirming no arrears; MOU with 10% escrow AED 67,000; DAMAC Properties, seller and buyer sign novation SPA; buyer pays DLD 4% AED 26,800; buyer assumes 50% (AED 360,000) at Q3 2027 handover. DistressPropertyFinder.com manages all steps.

Pricing Analysis — Why This is a Deal in 2026

• Original Purchase Price: AED 720,000
• DLD Fee (4% of Asking): AED 26,800
• Total Seller Cost (OP + DLD): AED 746,800
• Asking Price: AED 670,000
• Seller Loss vs OP: AED 50,000 (6.9%)
• DAMAC Hills 2 Current Market Value: AED 750,000
• Day-One Buyer Equity: AED 80,000 (11.9%)
• This Listing — AED per Sqft: AED 1,207/sqft
• DAMAC Hills 2 Resale Market — AED per Sqft: AED 1,351/sqft
• New Off-Plan Launches in DAMAC Hills 2: AED 1,300/sqft
• Estimated Gross Rental Yield: 6.7%–9.7% p.a.
• Estimated Annual Rent (Mid): AED 53,000/yr
• Estimated Annual Service Charge: AED 9,990/yr
• Total All-In Cost (Price + DLD): AED 696,800
• Agent Fee for Buyer: Zero

At AED 1,207/sqft, this unit sits AED 144/sqft (10.7%) below the current DAMAC Hills 2 secondary market average of AED 1,351/sqft, and AED 93/sqft below comparable new off-plan launches — meaning any buyer entering through a developer channel today pays materially more for a comparable DAMAC Hills 2 address. At the mid-range annual rent estimate of AED 53,000, gross yield is 7.9%, delivering AED 43,010/yr net of service charges before any capital appreciation is counted.

DAMAC Hills 2 Location — Why This Community Matters

ELO 3 by DAMAC at DAMAC Hills 2 (Akoya by DAMAC) is a 1BR apartment in DAMAC’s most popular affordable villa community. DAMAC Hills 2 has matured significantly since 2020 with Trump International Golf Club, Malibu Beach, a wave surfing simulator, and a range of community retail. ELO 3 Q3 2027 handover. OP AED 720,000, SP AED 670,000 = AED 50,000 (6.9%) below OP. DAMAC Hills 2 transactions +30% in 2025. 1BR market range AED 680,000-800,000.

Jebel Ali-Lehbab Road. DAMAC Hills 1 and 2 share infrastructure. Global Village 15 min. Dubai Marina 35 min. Al Maktoum Airport 30 min.

1BR DAMAC Hills 2 apartments: AED 45,000-65,000/yr. At AED 670,000, mid AED 52,000/yr = 7.8% gross yield — among highest in this batch.

ELO 3 1BR AED 670,000 = AED 50,000 below OP. DAMAC Hills 2 +30% transactions 2025. Golf community lifestyle. Q3 2027. New ELO 3 launches AED 720,000+ = this is below current launch pricing.

DAMAC Hills 2 Distances & Connectivity

• Malibu Beach DAMAC Hills 2: 1 km — Beach & Water Park
• Trump International Golf Club: 1 km — Championship Golf
• Global Village: 15 km — Entertainment
• Al Maktoum Airport: 30 km — Future Airport
• Dubai Marina: 35 km — Marina
• Mall of the Emirates: 22 km — Shopping
• Dubai International Airport: 35 km — Airport
• Jebel Ali Free Zone: 15 km — Business Zone

ELO 3 — Building & Amenities

• DAMAC Hills 2 Community Amenities Access
• Malibu Beach and Wave Surfing Simulator
• Trump International Golf Club (Community Access)
• Olympic-Size Swimming Pool
• Fully Equipped Gymnasium
• Kids Play Area and Splash Zone
• BBQ Terrace
• Jogging and Cycling Tracks
• Supermarket and Retail
• 24-Hour Security
• Covered Parking
• Landscaped Gardens

Who Should Buy This ELO 3 1BR in DAMAC Hills 2?

1. The Below-Market Capital Investor: Entry at AED 1,207/sqft versus market AED 1,351/sqft and new off-plan AED 1,300/sqft gives AED 80,000 (11.9%) day-one unrealised equity. DAMAC Properties construction milestones de-risk the Q3 2027 handover. Gross yield 7.9% at mid-range rent AED 53,000/yr outperforms comparable European prime residential at 2-4%.
2. The End-User Buyer: Typical 1BR rents in DAMAC Hills 2 are AED 45,000–AED 65,000/yr. At AED 696,800 all-in (DLD included, zero agent fee), ownership starts making financial sense within 12-18 months versus continued renting. Semi-Furnished specification means a modest fit-out is needed but the discount covers it. DAMAC Hills 2 Community View and Mid Floor add durable lifestyle value beyond pure return metrics.
3. The Portfolio Diversifier: You hold Dubai real estate and want below-replacement-cost exposure in DAMAC Hills 2 to broaden your income base. DAMAC Properties’s institutional brand ensures strong exit liquidity. The AED 80,000 built-in equity provides a margin of safety against any short-term softening, while DAMAC Hills 2’s 30% transaction growth in 2025 confirms the liquidity depth for a future exit at any timeline.

How to Acquire This ELO 3 Unit — Step by Step

1. Express Interest (Day 0): Contact DistressPropertyFinder.com quoting ELO3-DAMAC-HILLS2-1BR-DISTRESS-001. Receive full SPA, payment receipts (AED 360,000 confirmed), floor plan and title extract within 24 hours.
2. Documentation Review (Day 1–3): Review SPA, DLD certificate, all installment receipts. Independent UAE conveyancer review recommended.
3. Sign MOU — Form F (Day 3–7): Execute MOU. 10% deposit AED 67,000 in DLD-registered escrow.
4. Obtain DAMAC Properties NOC (Day 7–17): DistressPropertyFinder.com submits to DAMAC Properties. NOC: 5–10 business days. Developer fee approx. AED 5,000–6,500.
5. Execute SPA (Day 15–20): DAMAC Properties, seller and buyer sign novation SPA. Buyer registered as new purchaser for 50% at Q3 2027.
6. DLD Registration (Day 17–22): Buyer pays DLD fee AED 26,800 (4%) directly to DLD. Title deed: 1–3 business days.
7. Final Payment to Seller (Day 17–22): Buyer pays seller AED 310,000. MOU deposit credited against this amount.
8. Hold to Q3 2027 Handover: Buyer prepares AED 360,000 for Q3 2027 handover and monitors DAMAC Properties updates. DistressPropertyFinder.com manages the full process end to end.

Frequently Asked Questions — ELO 3 Distress Sale

Why is the seller selling below the original price?

The seller exits at 6.9% below the original cost of AED 720,000 due to genuine personal liquidity needs unrelated to any project or market concern. Having committed AED 360,000 (50%) to DAMAC Properties, the seller prefers to crystallise a cash loss of AED 50,000 rather than wait. Full SPA and all payment receipts are available to verified buyers via DistressPropertyFinder.com.

What does “distress sale” mean in this context?

Seller transfers at AED 670,000 — 6.9% below what they paid. Buyer acquires at AED 1,207/sqft vs DAMAC Hills 2 market AED 1,351/sqft with AED 80,000 day-one unrealised equity. No speculative mark-up — this is a genuine below-cost exit.

How does the novation work in Dubai?

Novation: seller NOC from DAMAC Properties; MOU with 10% escrow AED 67,000; novation SPA; DLD registration with 4% fee AED 26,800; buyer assumes 50% (AED 360,000) at Q3 2027. 3-6 weeks total. DistressPropertyFinder.com manages all steps.

Is ELO 3 a good investment for 2026–2027?

At AED 1,207/sqft — 10.7% below DAMAC Hills 2 market AED 1,351/sqft — with AED 80,000 day-one equity and 7.9% gross yield at mid-range AED 53,000/yr, plus DAMAC Hills 2 transactions at 3,800 (+30% in 2025) and new launches at AED 1,300/sqft, the investment case is clear. DAMAC Properties’s delivery track record de-risks Q3 2027 handover.

What is the expected rental income from a 1BR in DAMAC Hills 2?

A 1BR in DAMAC Hills 2 with DAMAC Hills 2 Community View achieves AED 45,000–AED 65,000/yr in annual Ejari leases. Semi-Furnished adds 15-20% vs unfurnished. At AED 670,000, mid-range AED 53,000/yr = 7.9% gross, net 6.4% after service charges of AED 9,990/yr.

What are the total upfront costs for the buyer?

Transfer to seller AED 310,000 + DLD AED 26,800 + NOC ~AED 5-6.5K. Immediate total AED 342,300. Handover balance AED 360,000 due Q3 2027. Zero agent fee. All-in (price+DLD): AED 696,800.

How does DAMAC Hills 2 compare to Downtown Dubai as an investment?

DAMAC Hills 2 at AED 1,207/sqft offers comparable or superior yield versus Downtown Dubai at AED 3,800-4,800/sqft with 5.0-5.5% yields. DAMAC Hills 2 transactions grew 30% in 2025 with new off-plan launches at AED 1,300/sqft confirming the appreciation trajectory. This unit’s AED 80,000 built-in equity provides a margin of safety Downtown purchasers at full market pricing do not have.

How quickly can this transaction be completed?

3-6 weeks from MOU. DAMAC Properties NOC: 5-10 business days. DLD registration: 1-3 business days. DistressPropertyFinder.com manages all documentation, escrow and DLD registration end to end. Reference: ELO3-DAMAC-HILLS2-1BR-DISTRESS-001.