DAMAC ELO and ELO 2: Payment Plans at DAMAC Hills 2
Apartment living at DAMAC Hills 2: ELO on a 70/30 plan, ELO 2 on 80/20 with 1%-monthly instalments.
Key terms
- Unit typeApartments (one and two bedroom), not villas
- ELO payment plan70/30: 20% booking plus construction instalments, 30% on handover
- ELO 2 payment plan80/20: 20% down, 1%-monthly instalments, 20% on handover
Choose your community
Why DAMAC Properties
Two towers at an established masterplan.
- DAMAC Hills 2 is already operating
- Two payment rhythms to choose from
- Apartment living, correctly described
What actually changes for a buyer
Two towers, two structures
ELO runs a straightforward 70/30 plan, while ELO 2 offers 1%-monthly instalments inside an 80/20 structure. Pick whichever rhythm suits your cash flow.
Correcting the record
ELO and ELO 2 are apartment towers, not villas as sometimes described, and DAMAC's own site does not list a 20/40/40 plan for either. The figures above come directly from DAMAC's official project and payment pages.
Two towers at an established masterplan.
DAMAC Hills 2 is already operating
Schools, retail and parks are live in the surrounding community, not just on a masterplan render.
Two payment rhythms to choose from
ELO's straightforward 70/30, or ELO 2's monthly-instalment option inside an 80/20 plan.
Apartment living, correctly described
Both towers are one and two-bedroom apartments, not villas, at this address.
Your money, staged
ELO runs 70/30: 20% booking, 50% during construction, 30% on handover. ELO 2 runs 80/20 instead, with a 1%-monthly option, see the terms above for the exact split by tower.
Paid to reserve an ELO unit.
Staged instalments (ELO). ELO 2 instead offers a 1%-monthly option inside an 80/20 structure.
The balance on ELO. ELO 2's handover balance is 20%, per its 80/20 plan.
Inside the communities
What this means for you
ELO and ELO 2 are apartment towers, not villas despite some listings, at DAMAC Hills 2. DAMAC's own site lists ELO on a 70/30 plan (20% booking plus construction instalments, 30% on handover) and ELO 2 on an 80/20 plan with 1%-monthly instalments and 20% on handover. A separately reported 20/40/40 structure does not appear on DAMAC's official pages and may reflect a different, superseded plan or a broker error. DAMAC also runs a separate, project-agnostic "60/40 Payment Plan on Luxury Properties" promotion across multiple communities, which may be the source of that confusion.
Frequently asked questions
Are ELO and ELO 2 villas?+
No, they're apartment towers (one and two bedroom units) at DAMAC Hills 2.
What is the actual payment plan?+
ELO: 70/30 (20% booking, 30% on handover). ELO 2: 80/20 with 1%-monthly instalments (20% down, 20% on handover). Both are DAMAC's own published structures.
Find out which homes qualify
Eligible inventory is limited and moves quickly. Speak to an advisor and get the written terms today.
Terms set by DAMAC Properties and apply to selected units, sourced directly from DAMAC's official project and payment plan pages. Figures are illustrative and subject to availability and developer approval. Confirm all terms in writing before committing. Binayah Properties is a licensed Dubai brokerage.