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1-bed · 526 sqftElo at Damac Hills 2, Damac Hills 2 · 7th floor

724, 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 724 · DLD and Ejari recordsUpdated 26 July 2024
Last soldAED 591K26 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 724, Elo at Damac Hills 2

What is 724 worth today?

Last sold for AED 591,000 in 2024

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26 Jul 2024Sold by developerOff-plan
AED 591,000AED 1,122 per sqft

Source: Dubai Land Department. Updated 26 July 2024.

Key facts

Type
1-bed apartment
Size
526 sqft
Floor
7th of 14
Parking
1
Developer
DAMAC
Last sold
AED 591K · July 2024
Building
Elo at Damac Hills 2

About 724, Elo at Damac Hills 2

724 is a one-bedroom apartment of 526 sqft on the 7th floor of Elo at Damac Hills 2, a 14-storey tower in Damac Hills 2 by DAMAC. The developer sold it on 26 July 2024 for AED 591,000, or AED 1,122 per sqft, 7% below the AED 1,202 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 724 over time

Sales
Unit 724, each saleTypical one-bed in Elo at Damac Hills 2
600K650K2024202520262027Typical sale price by year: 2024 AED 660,000; 2025 AED 680,000; 2026 AED 624,000Sold by developer, July 2024: AED 591,000 (AED 1,122 per sqft)

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

1-beds in Elo at Damac Hills 2, and where 724 sits

All 387 1-beds →

724 last sold in July 2024 at AED 1,122 per sqft, 7% below what one-beds in Elo at Damac Hills 2 were fetching at the time (AED 1,202). Over the last 12 months one-beds sold for AED 311,500 to 751,000, around AED 1,126 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Oct 2026600,000
9 Sep 2026751,000
26 Aug 2026596,000
21 Aug 2026648,000
7 1-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 7th floor

All 548 units in Elo at Damac Hills 2
Value
7011-bedAED 678K · Sep 2024
7021-bedAED 679K · Sep 2024
7031-bedAED 679K · Aug 2024
7041-bedAED 679K · Jul 2024
7051-bedAED 679K · Jul 2024
7062-bedAED 1.31M · Jul 2024
7072-bedAED 1.31M · Nov 2024
1–7 of 39

724, Elo at Damac Hills 2 in numbers

  • Sold once: by DAMAC on 26 July 2024 for AED 591,000, or AED 1,122 per sqft.
  • One-beds in Elo at Damac Hills 2 sold for AED 311,500–751,000 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 26 July 2024.

Questions about 724, Elo at Damac Hills 2

What did unit 724 last sell for?

AED 591,000 on 26 July 2024, sold by the developer: AED 1,122 per sqft for 526 sqft. It is the only registered sale of the unit.

How big is unit 724?

526 sqft (48.9 sqm): a one-bedroom apartment on the 7th floor of a 14-storey tower.

What is unit 724 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elo at Damac Hills 2 sold for AED 311,500 to 751,000 in the last 12 months, around AED 1,126 per sqft.

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Mortgage on 724, Elo at Damac Hills 2

Starts from the last sale price (AED 591K, 26 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 591,000
Deposit, UAE resident (20%)
AED 118,200
Deposit, non-resident (40%)
AED 236,400
Monthly over 25 years at 3.7%
AED 2,418

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