ELO at Damac Hills 2

ELO at Damac Hills 2 — Damac Properties, Dubai

TL;DR

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 |

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Location & Connectivity

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:

• Dubai International Airport: 40 km (approx. 35–40 minutes)
• Downtown Dubai / Burj Khalifa: 28 km (approx. 28 minutes)
• Dubai Mall: 27 km (approx. 26 minutes)
• Global Village: 15 km (approx. 15 minutes)
• Expo City Dubai: 22 km (approx. 20 minutes)
• Mall of the Emirates: 28 km (approx. 25 minutes)
• Al Maktoum International Airport (DWC): 30 km (approx. 28 minutes)
• IMG Worlds of Adventure: 15 km (approx. 15 minutes)
• Dubai Outlet Mall: 10 km (approx. 12 minutes)

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.

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Project Overview

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.

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Unit Mix & Specifications

| 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:

• Contemporary open-plan kitchen and living layouts
• Quality tiled flooring throughout
• Fitted kitchens with modern cabinetry and appliances
• Built-in wardrobes in all bedrooms
• Floor-to-ceiling double-glazed windows
• Private balcony in most configurations
• High-speed elevator access
• Smart home ready infrastructure

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Damac Hills 2 Community Amenities

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:

• Malibu Beach — Dubai's first artificial inland wave pool for surfing and bodyboarding
• Lazy River winding through landscaped tropical parklands
• Splash pad and interactive water play zones for children
• Poolside lounges and cabanas with F&B service
• Beach volleyball courts

Sports Town:

• Multi-use sports courts: basketball, football, volleyball, tennis
• Outdoor gym and functional fitness stations
• Cycling and running tracks (5 km+ of dedicated paths)
• Skate park and BMX area
• Football pitches (5-a-side and full-size)
• Padel tennis courts

Green Spaces & Parks:

• Central park areas with mature landscaping
• Picnic lawns and outdoor event spaces
• Dog parks and pet-friendly walking trails
• Children's playgrounds across multiple zones

Community Retail & Services:

• SPINNEYS supermarket
• Restaurants and cafés in the central retail strip
• Pharmacies and medical clinics
• Schools and nurseries within the community
• Mosque within the master plan

Building Amenities (ELO):

• Swimming pool and sun deck
• Gymnasium with modern equipment
• Covered parking
• 24-hour security and access control
• Landscaped podium gardens
• Children's play area

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Payment Plan

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.

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Developer Profile — Damac Properties

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 Hills (Golf-fronted master community with Trump International Golf Club Dubai)
• Damac Hills 2 / Akoya Oxygen (42 million sq ft lifestyle township)
• Damac Lagoons (waterfront-themed community with European-inspired districts)
• Damac Towers by Paramount Hotels (Burj Khalifa district hotel-branded apartments)
• Cavalli Tower, Bugatti Residences, Safa One — ultra-luxury branded towers in Dubai Marina and Business Bay

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.

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Investment Analysis

Why ELO at Damac Hills 2 Makes Investment Sense:

• Entry-level pricing: Studios from AED 670K represent one of Dubai's most accessible branded community entry points
• Capital appreciation trajectory: Damac Hills 2 has consistently outpaced broader Dubai suburban market growth as the community matures and amenities open
• Rental demand: Growing demand from families and professionals seeking space + lifestyle at affordable rents vs. central Dubai
• Short-term rental potential: Water Town and community amenities make the development attractive for holiday lettings via Airbnb/platforms
• Off-plan value uplift: Historical patterns show 15–25% appreciation between launch and handover for Damac community projects
• Master community size: 42 million sq ft of fully planned infrastructure means long-term demand as urban sprawl reaches this corridor
• Proximity to DWC: Al Maktoum International Airport expansion (set to become world's largest) is driving long-term capital flows to the south Dubai corridor
• Low service charges: Suburban community service charges significantly lower than central Dubai high-rises

Projected Rental Yields:

• Studio: AED 35,000–45,000 per annum (gross yield approx. 5.5–7%)
• 1 Bedroom: AED 55,000–70,000 per annum (gross yield approx. 6–7%)
• 2 Bedroom: AED 75,000–95,000 per annum (gross yield approx. 6–7.5%)

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.

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Summary

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.