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2-bed · 981 sqftElo 2 at Damac Hills 2, Damac Hills 2 · 5th floor

507, 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 507 · DLD and Ejari recordsUpdated 24 September 2024
Last soldAED 1.28M24 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Elo 2 at Damac Hills 2

What is 507 worth today?

Last sold for AED 1,284,000 in 2024

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24 Sep 2024Sold by developerOff-plan
AED 1,284,000AED 1,308 per sqft

Source: Dubai Land Department. Updated 24 September 2024.

Key facts

Type
2-bed apartment
Size
981 sqft
Floor
5th of 14
Parking
1
Last sold
AED 1.28M · September 2024
Building
Elo 2 at Damac Hills 2

About 507, Elo 2 at Damac Hills 2

507 is a two-bedroom apartment of 981 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 24 September 2024 for AED 1,284,000, or AED 1,308 per sqft, 5% above the AED 1,244 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Elo 2 at Damac Hills 2
1M1.2M2024202520262027Typical sale price by year: 2024 AED 984,000; 2025 AED 1,060,000; 2026 AED 1,313,875Sold by developer, September 2024: AED 1,284,000 (AED 1,308 per sqft)

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

2-beds in Elo 2 at Damac Hills 2, and where 507 sits

All 150 2-beds →

507 last sold in September 2024 at AED 1,308 per sqft, 5% above what two-beds in Elo 2 at Damac Hills 2 were fetching at the time (AED 1,244). Over the last 12 months two-beds sold for AED 917,000 to 1,435,000, around AED 1,284 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20261,291,000
18 Sep 20261,435,000
11 Aug 20261,246,400
23 Jul 20261,363,250
13 2-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
5051-bedAED 694K · Sep 2024
5062-bedAED 1.32M · Sep 2024
5082-bedAED 959K · Sep 2024
1–7 of 38

507, Elo 2 at Damac Hills 2 in numbers

  • Sold once: by the developer on 24 September 2024 for AED 1,284,000, or AED 1,308 per sqft.
  • Two-beds in Elo 2 at Damac Hills 2 sold for AED 917,000–1,435,000 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 24 September 2024.

Questions about 507, Elo 2 at Damac Hills 2

What did unit 507 last sell for?

AED 1,284,000 on 24 September 2024, sold by the developer: AED 1,308 per sqft for 981 sqft. It is the only registered sale of the unit.

How big is unit 507?

981 sqft (91.1 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elo 2 at Damac Hills 2 sold for AED 917,000 to 1,435,000 in the last 12 months, around AED 1,284 per sqft.

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Mortgage on 507, Elo 2 at Damac Hills 2

Starts from the last sale price (AED 1.28M, 24 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,284,000
Deposit, UAE resident (20%)
AED 256,800
Deposit, non-resident (40%)
AED 513,600
Monthly over 25 years at 3.7%
AED 5,253

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