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1-bed · 554 sqftElo 2 at Damac Hills 2, Damac Hills 2 · 3rd floor

316, Elo 2 at Damac Hills 2

Sold prices and rental history: sold once, by the developer in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 619K4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, Elo 2 at Damac Hills 2

What is 316 worth today?

Last sold for AED 619,000 in 2024

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4 Oct 2024Sold by developerOff-plan
AED 619,000AED 1,117 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
1-bed apartment
Size
554 sqft
Floor
3rd of 14
Parking
1
Last sold
AED 619K · October 2024
Building
Elo 2 at Damac Hills 2

About 316, Elo 2 at Damac Hills 2

316 is a one-bedroom apartment of 554 sqft on the 3rd floor of Elo 2 at Damac Hills 2, a 14-storey tower in Damac Hills 2. The developer sold it on 4 October 2024 for AED 619,000, or AED 1,117 per sqft, 10% below the AED 1,245 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical one-bed in Elo 2 at Damac Hills 2
650K700K2024202520262027Typical sale price by year: 2024 AED 690,000; 2025 AED 668,500; 2026 AED 710,000Sold by developer, October 2024: AED 619,000 (AED 1,117 per sqft)

316 has sold once; the dashed line is the one-bed median of each year in the building.

1-beds in Elo 2 at Damac Hills 2, and where 316 sits

All 383 1-beds →

316 last sold in October 2024 at AED 1,117 per sqft, 10% below what one-beds in Elo 2 at Damac Hills 2 were fetching at the time (AED 1,245). Over the last 12 months one-beds sold for AED 585,000 to 782,000, around AED 1,270 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Mar 2026663,000
5 Feb 2026703,000
12 Jan 2026710,000
12 Jan 2026782,000
7 1-bed sales in the last 12 months

Elo 2 at Damac Hills 2

Building

533 apartments, 1-bed to 2-bed over 14 floors in Damac Hills 2. 20 sold in the last 12 months.

Typical price per sqft
AED 1,275 Up 2.9%
Typical sale
AED 987K
Typical rent
Few contracts
Typical yield
Elo 2 at Damac Hills 2, Damac Hills 2: prices, sales and rents →

Other units on the 3rd floor

All 533 units in Elo 2 at Damac Hills 2
Value
3011-bedAED 671K · Oct 2024
3021-bedAED 672K · Sep 2024
3031-bedAED 672K · Oct 2024
3041-bedAED 672K · Oct 2024
3051-bedAED 672K · Sep 2024
3062-bedAED 1.26M · Aug 2025
3072-bedAED 1.24M · Feb 2025
1–7 of 36

316, Elo 2 at Damac Hills 2 in numbers

  • Sold once: by the developer on 4 October 2024 for AED 619,000, or AED 1,117 per sqft.
  • One-beds in Elo 2 at Damac Hills 2 sold for AED 585,000–782,000 in the 12 months to November 2026; the building's median across all types is AED 1,275 per sqft.

Source: Dubai Land Department. Updated 4 October 2024.

Questions about 316, Elo 2 at Damac Hills 2

What did unit 316 last sell for?

AED 619,000 on 4 October 2024, sold by the developer: AED 1,117 per sqft for 554 sqft. It is the only registered sale of the unit.

How big is unit 316?

554 sqft (51.5 sqm): a one-bedroom apartment on the 3rd floor of a 14-storey tower.

What is unit 316 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elo 2 at Damac Hills 2 sold for AED 585,000 to 782,000 in the last 12 months, around AED 1,270 per sqft.

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Mortgage on 316, Elo 2 at Damac Hills 2

Starts from the last sale price (AED 619K, 4 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 619,000
Deposit, UAE resident (20%)
AED 123,800
Deposit, non-resident (40%)
AED 247,600
Monthly over 25 years at 3.7%
AED 2,533

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →