Elo 3

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

Elo 3 is an under-construction development by DAMAC in Damac Hills 2, comprising 557 registered units. 534 sales are registered with the Dubai Land Department, at a current PIX© price of AED 910 per sqft. At AED 910 per sqft, Elo 3 prices 17% below the Damac Hills 2 median of AED 1,094 per sqft on registered sales.

PIX© price · ↓22.2% YoY

682KAED

Typical

910AED

PSF

Gross yield

Awaiting handover

PIX© rent ÷ PIX© price

Sale records

534

DLD · all time

Rent contracts

Awaiting handover

Ejari · all time

SATELLITE

LocationDamac Hills 2

Drive times · typical

Downtown Dubai34 min · 41.1 km

DXB Airport35 min · 45.4 km

DIFC38 min · 43.5 km

Dubai Marina38 min · 37.4 km

Palm Jumeirah40 min · 39.2 km

Nearest · straight-line

Metro stationJumeirah Golf Estates Metro Station 123.4 km

MallShahbazcarpet2.1 km

SchoolShining Stars Nursery Dubai0.2 km

HospitalMedcare Medical Centre, The Valley7.2 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 8

…

1 Bed on Floor 8, Elo 3

Size
Record: Feb 2025 to Jul 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	2 Jul 2026				3 mo	Current owner
1Owner 1	12 Feb 2025				17 mo

PIX© Airbnb Calculator

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

1 Bed · Floor 8 · Elo 3

Nightly rateAED

Occupancy (237 nights)

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Elo 3910AED/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 527 - 1,084 sqft	557	682K	910	↓22.2%
1 Bed · Apartment 527 - 646 sqft	390
2 Bed · Apartment 768 - 1,084 sqft	167

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

Sales - Project-Wide534 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
2 Jul 2026	1 Bed	Elo 3 · Floor 8	527	315,500	599	-50.0%	Standard	Off-Plan Sale
24 Jun 2026	2 Bed	Elo 3 · Floor 10	983	1,319,040	1,342	-	Standard	Off-Plan Sale
11 Jun 2026	2 Bed	Elo 3 · Floor 14	1,017	1,500,000	1,475	-	Premium	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

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare1 peer could not be placed

This project

Elo 3

Compared with

Elo

PIX© PSF

949

Rank

#7 of 9

#6 of 9

Typical price

671K

Yield

—

Units

557

1,702

Sales

534

1,662

Rents

—

Developer

DAMAC

Handover

U/C

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Evergreens DAMAC · U/C · Off-plan pricing	131					135	—
	Elo 2 DAMAC · U/C · Off-plan pricing	557					557	—
	Elo 1 DAMAC · U/C · Off-plan pricing	557					571	—
	Damac Hills 2 DAMAC · U/C · Off-plan pricing	5,293					7,389	24,006
	Avencia DAMAC · Completed · Off-plan pricing	230					36	1,135
	Elo DAMAC · U/C · Off-plan pricing	1,702					1,662	—
7	Elo 3 DAMAC · U/C · Off-plan pricing	557	949	Subject	671K	—	534	—
	Navitas Hotel and Residences DAMAC · Completed · Off-plan pricing	1,277					130	449
	Navitas A DAMAC · Off-plan pricing	218					59	428

Community median 1,094 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.

Navitas Hotel and ResidencesAED 938/sqft
Navitas AAED 938/sqft
EloAED 1,072/sqft
AvenciaAED 1,094/sqft
Damac Hills 2AED 1,129/sqft
Elo 1AED 1,214/sqft

Common questions about Elo 3

Answered from Dubai Land Department registered transactions.

How much does a property in Elo 3 cost?

Property in Elo 3 sells at a current PIX© price of AED 910 per sqft, or about AED 682,061 for a typical unit, based on 534 sales registered with the Dubai Land Department.

When is Elo 3 handing over?

Elo 3 is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Elo 3?

Elo 3 is developed by DAMAC, the developer recorded against the project in the Dubai Land Department register.

How many units are in Elo 3?

Elo 3 holds 557 registered units, per the Dubai Land Department unit register.

Have prices in Elo 3 gone up or down?

Price per sqft has fallen -22.2% over the last 12 months, to AED 910, across 534 registered sales.