Elo 1

Under Construction · Date not reported|557 units · 1 tower

Elo 1 is an under-construction development by DAMAC in Damac Hills 2, comprising 557 registered units. 572 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,176 per sqft. At AED 1,176 per sqft, Elo 1 prices 5% above the Damac Hills 2 median of AED 1,124 per sqft on registered sales.

PIX© price · ↓4.5% YoY

741KAED

Typical

1,176AED

PSF

Gross yield

Awaiting handover

PIX© rent ÷ PIX© price

Sale records

572

DLD · all time

Rent contracts

Awaiting handover

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationDamac Hills 2

Drive times · typical

Downtown Dubai34 min · 41.1 km

DXB Airport35 min · 46.9 km

DIFC38 min · 43.5 km

Dubai Marina37 min · 37.4 km

Palm Jumeirah40 min · 39.2 km

Nearby · straight-line

MallDubai Outlet Mall9.8 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 11

…

1 Bed on Floor 11, Elo 1

Size
Record: Oct 2024 to Oct 2026
Owners: 2
Tenants: 0
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	PSF	vs prior	Held	Note
2Owner 2	1 Oct 2026				31 d	Current owner
1Owner 1	2 Oct 2024				2.0 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

1 Bed · Floor 11 · Elo 1

Nightly rateAED

Occupancy (237 nights)

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Elo 11,176AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY
PIX© Core Project-Wide 525 - 1,079 sqft	557	741K	1,176	↓4.5%
1 Bed · Apartment 525 - 642 sqft	390
2 Bed · Apartment 774 - 1,079 sqft	167

No rental contracts registered - the project has not handed over.

Sales - Project-Wide572 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
1 Oct 2026	1 Bed	Elo 1 · Floor 11	552	600,000	1,087	-20.0%	Standard	Off-Plan Sale
9 Sep 2026	1 Bed	Elo 1 · Floor 13	554	751,000	1,356	0.0%	Premium	Off-Plan Sale
26 Aug 2026	1 Bed	Elo 1 · Floor 4	556	596,000	1,071	0.0%	Entry Level	Off-Plan Sale

Rentals - Project-Wide

PIX© rent analysis

No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

Location data © OpenStreetMap contributors

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

Elo 1

Compared with

Elo 2

PIX© PSF

1,174

Rank

#2 of 9

#1 of 9

Typical price

758K

Yield

—

Units

557

Sales

572

559

Rents

—

Developer

DAMAC

Handover

U/C

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Elo 2 DAMAC · U/C · Off-plan pricing	557					559	—
2	Elo 1 DAMAC · U/C · Off-plan pricing	557	1,174	Subject	758K	—	572	—
	Evergreens DAMAC · U/C · Off-plan pricing	131					136	—
	Elo DAMAC · U/C · Off-plan pricing	1,702					1,668	—
	Damac Hills 2 DAMAC · U/C · Off-plan pricing	5,293					7,441	24,231
	Avencia DAMAC · Completed · Off-plan pricing	230					36	1,138
	Elo 3 DAMAC · U/C · Off-plan pricing	557					537	—
	Navitas Hotel and Residences DAMAC · Completed · Off-plan pricing	1,277					126	469
	Navitas A DAMAC · Off-plan pricing	218					53	448

Community median 1,124 AED/sqft. All 8 qualifying community peers shown. 3 community projects excluded for insufficient recorded sales. 19 excluded for trading only in the ready market. 19 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Damac Hills 2

The closest-priced registered projects in Damac Hills 2.

EvergreensAED 1,165/sqft
EloAED 1,135/sqft
Damac Hills 2AED 1,124/sqft
AvenciaAED 1,094/sqft
Elo 2AED 1,288/sqft
Elo 3AED 956/sqft

Common questions about Elo 1

Answered from Dubai Land Department registered transactions.

How much does a property in Elo 1 cost?

Property in Elo 1 sells at a current PIX© price of AED 1,176 per sqft, or about AED 741,421 for a typical unit, based on 572 sales registered with the Dubai Land Department.

When is Elo 1 handing over?

Elo 1 is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Elo 1?

Elo 1 is developed by DAMAC, the developer recorded against the project in the Dubai Land Department register.

How many units are in Elo 1?

Elo 1 holds 557 registered units, per the Dubai Land Department unit register.

Have prices in Elo 1 gone up or down?

Price per sqft has fallen -4.5% over the last 12 months, to AED 1,176, across 572 registered sales.