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1-bed · 547 sqftElo 2 at Damac Hills 2, Damac Hills 2 · 5th floor

505, Elo 2 at Damac Hills 2

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

Unit 505 · DLD and Ejari recordsUpdated 22 September 2024
Last soldAED 694K22 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Elo 2 at Damac Hills 2

What is 505 worth today?

Last sold for AED 694,000 in 2024

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22 Sep 2024Sold by developerOff-plan
AED 694,000AED 1,268 per sqft

Source: Dubai Land Department. Updated 22 September 2024.

Key facts

Type
1-bed apartment
Size
547 sqft
Floor
5th of 14
Parking
1
Last sold
AED 694K · September 2024
Building
Elo 2 at Damac Hills 2

About 505, Elo 2 at Damac Hills 2

505 is a one-bedroom apartment of 547 sqft on the 5th floor of Elo 2 at Damac Hills 2, a 14-storey tower in Damac Hills 2. The developer sold it on 22 September 2024 for AED 694,000, or AED 1,268 per sqft, in line with the AED 1,243 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical one-bed in Elo 2 at Damac Hills 2
680K700K2024202520262027Typical sale price by year: 2024 AED 690,000; 2025 AED 668,500; 2026 AED 710,000Sold by developer, September 2024: AED 694,000 (AED 1,268 per sqft)

505 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 505 sits

All 383 1-beds →

505 last sold in September 2024 at AED 1,268 per sqft, in line with what one-beds in Elo 2 at Damac Hills 2 were fetching at the time (AED 1,243). 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 5th floor

All 533 units in Elo 2 at Damac Hills 2
Value
5011-bedAED 693K · Oct 2024
5021-bedAED 694K · Sep 2024
5031-bedAED 694K · Oct 2024
5041-bedAED 694K · Sep 2024
5062-bedAED 1.32M · Sep 2024
5072-bedAED 1.28M · Sep 2024
5082-bedAED 959K · Sep 2024
1–7 of 38

505, Elo 2 at Damac Hills 2 in numbers

  • Sold once: by the developer on 22 September 2024 for AED 694,000, or AED 1,268 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 22 September 2024.

Questions about 505, Elo 2 at Damac Hills 2

What did unit 505 last sell for?

AED 694,000 on 22 September 2024, sold by the developer: AED 1,268 per sqft for 547 sqft. It is the only registered sale of the unit.

How big is unit 505?

547 sqft (50.8 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower.

What is unit 505 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 505, Elo 2 at Damac Hills 2

Starts from the last sale price (AED 694K, 22 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 694,000
Deposit, UAE resident (20%)
AED 138,800
Deposit, non-resident (40%)
AED 277,600
Monthly over 25 years at 3.7%
AED 2,839

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