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2-bed · 967 sqftElo at Damac Hills 2, Damac Hills 2 · 4th floor

407, Elo at Damac Hills 2

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

Unit 407 · DLD and Ejari recordsUpdated 24 July 2024
Last soldAED 1.2M24 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Elo at Damac Hills 2

What is 407 worth today?

Last sold for AED 1,200,000 in 2024

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24 Jul 2024Sold by developerOff-plan
AED 1,200,000AED 1,240 per sqft

Source: Dubai Land Department. Updated 24 July 2024.

Key facts

Type
2-bed apartment
Size
967 sqft
Floor
4th of 14
Parking
1
Developer
DAMAC
Last sold
AED 1.2M · July 2024
Building
Elo at Damac Hills 2

About 407, Elo at Damac Hills 2

407 is a two-bedroom apartment of 967 sqft on the 4th floor of Elo at Damac Hills 2, a 14-storey tower in Damac Hills 2 by DAMAC. The developer sold it on 24 July 2024 for AED 1,200,000, or AED 1,240 per sqft, 8% above the AED 1,147 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical two-bed in Elo at Damac Hills 2
1M1.2M2024202520262027Typical sale price by year: 2024 AED 949,500; 2025 AED 1,043,000; 2026 AED 1,329,275Sold by developer, July 2024: AED 1,200,000 (AED 1,240 per sqft)

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

2-beds in Elo at Damac Hills 2, and where 407 sits

All 161 2-beds →

407 last sold in July 2024 at AED 1,240 per sqft, 8% above what two-beds in Elo at Damac Hills 2 were fetching at the time (AED 1,147). Over the last 12 months two-beds sold for AED 937,000 to 1,480,000, around AED 1,318 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Aug 20261,032,000
23 Jul 2026948,520
25 Jun 20261,300,550
8 Jun 2026949,000
12 2-bed sales in the last 12 months

Elo at Damac Hills 2

Building

548 apartments, 1-bed to 2-bed over 14 floors in Damac Hills 2 by DAMAC. 19 sold in the last 12 months.

Typical price per sqft
AED 1,302 Up 5.4%
Typical sale
AED 949K
Typical rent
Few contracts
Typical yield
Elo at Damac Hills 2, Damac Hills 2: prices, sales and rents →

Other units on the 4th floor

All 548 units in Elo at Damac Hills 2
Value
4011-bedAED 648K · Jul 2024
4021-bedAED 648K · Aug 2026
4031-bedAED 648K · Aug 2024
4041-bedAED 648K · Aug 2024
4051-bedAED 648K · Jul 2024
4062-bedAED 1.25M · Oct 2024
4082-bedAED 830K · Aug 2024
1–7 of 39

407, Elo at Damac Hills 2 in numbers

  • Sold once: by DAMAC on 24 July 2024 for AED 1,200,000, or AED 1,240 per sqft.
  • Two-beds in Elo at Damac Hills 2 sold for AED 937,000–1,480,000 in the 12 months to November 2026; the building's median across all types is AED 1,302 per sqft.

Source: Dubai Land Department. Updated 24 July 2024.

Questions about 407, Elo at Damac Hills 2

What did unit 407 last sell for?

AED 1,200,000 on 24 July 2024, sold by the developer: AED 1,240 per sqft for 967 sqft. It is the only registered sale of the unit.

How big is unit 407?

967 sqft (89.8 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elo at Damac Hills 2 sold for AED 937,000 to 1,480,000 in the last 12 months, around AED 1,318 per sqft.

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Mortgage on 407, Elo at Damac Hills 2

Starts from the last sale price (AED 1.2M, 24 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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