DAMAC ELO 3 Dubai: 2 BR Apartments Guide (2026)

DAMAC ELO 3 Dubai is an off-plan apartment project in the DAMAC Hills 2 community of Dubailand, and on 13 November 2026 the developer’s page for it printed a handover of Q3, 2027 in its headline tile, Q4 / 2028 on its unit card, a two-bedroom apartment of 983 to 1,053 sq ft, and a price range that works out to AED 1,372,000 to AED 1,488,000.

This guide to DAMAC ELO 3 Dubai reads the developer’s project page, the developer’s page for the neighbouring ELO 2, one broker page and the official Dubai Land Department (DLD) pages as they stood on 13 November 2026. Where they differ, each figure is shown with its source and none is chosen. Developer slogans and brand wording are left out.

It sets out what is printed about status, handover, size and price, the arithmetic behind the price in AED and US dollars, the payment plan figures that different sources give, the community and its access times, the Dubai rules for an off-plan purchase with official links, the Golden Visa threshold, and a list of what to obtain in writing before reserving.

Overview of DAMAC ELO 3 Dubai

The developer’s project page places ELO 3 in DAMAC Hills 2 and labels the location Dubailand, Dubai. It presents the project as the third ELO building after ELO and ELO 2, in a master community that the developer describes as eco-friendly, with villas, townhouses and apartments. The page title speaks of 1 and 2 bedroom apartments. The page carries a status badge reading Post Launch, and the data behind it gives a launch date of 27 June 2024 and the status off-plan.

Only one unit type is shown as available: a two-bedroom apartment with two bathrooms, a park view, an unfurnished finish and a size up to 1,053 sq ft. The one-bedroom apartments named in the page’s introduction and metadata do not appear in the available-units list that was read. No total number of apartments, no number of floors, no number of buildings and no construction percentage is printed on the page.

For a reader weighing DAMAC ELO 3 Dubai, these gaps matter as much as the figures. The sections below therefore separate what the developer prints, what a broker prints for the ELO 2 and ELO 3 pair together, and what is not printed anywhere that could be found. The ELO 2 and ELO 3 pages share most of their renders, so a figure seen for one must not be carried over to the other.

What each source prints about status, handover and floors

Four kinds of source touch this project: the developer’s ELO 3 page, the developer’s ELO 2 page, a broker page that covers ELO 2 and ELO 3 together, and listing-site summaries of agent pages. Their statements about status and handover are set side by side below. All were read on 13 November 2026 unless the table says that a page was not opened.

The first four rows come from one developer page and already give three different answers for ELO 3: a quarter in 2027, a quarter in 2028 and a calendar date at the end of 2028. The page does not say which one is the contractual date or whether the tile is a marketing target and the card a later schedule. Both are shown as printed. A handover date that matters to a buyer is the one written in the sale and purchase agreement.

The ELO 2 rows are included only so that they are not mistaken for ELO 3 figures. ELO 2 is a separate project with its own page, its own handover wording and its own project record. The broker page itself warns that published sources show conflicting payment structures for the two buildings and recommends not publishing one universal plan, which is the approach followed here.

Floors and building size

The developer’s ELO 3 page prints no floor count. The developer’s ELO 2 page calls ELO 2 a 14-floor tower. The broker page says that two towers rise to approximately 14 residential floors above the podium for ELO 2 and ELO 3 together. This is a broker description of the pair, not a developer statement about ELO 3, so the floor count of ELO 3 is treated as not published.

What is not printed anywhere that could be found

No page read for ELO 3 prints a total unit count, a construction percentage for ELO 3 itself, a DLD project number for ELO 3, an escrow bank, a service-charge estimate or a statement of tenure. The broker page cites a DLD-derived project number and a progress figure, but both are attached to ELO 2. These items are therefore left as not published and appear again in the list of what to ask for in writing.

Price and size of the two-bedroom apartment in DAMAC ELO 3 Dubai

This section is the deep dive of the guide, because the price of the project is the one figure that cannot be read straight off the page. On the developer’s ELO 3 page the unit card shows the label From followed by a loading message, because the amount is filled in by the browser after the page loads. The underlying data does hold a minimum and a maximum price for the project, and its currency field says AED.

Those stored numbers are whole numbers that are 100 times larger than a sensible AED price. Dividing by 100 gives AED 1,372,000 as the minimum and AED 1,488,000 as the maximum. This is an inference from the page’s data, not a printed price, and no listing site was found whose figure for ELO 3 itself matches it. The cheaper figures that appear on broker pages, such as AED 577,000, belong to ELO 2 or to a joint listing and are not used.

A second place prints the same minimum. In the strip headed Other Featured Projects, the ELO 3 card reads From £1,372,000 with two bedrooms, apartment. The page was displayed under a GBP preference setting, so the pound sign is a display label; the number is the same as the AED minimum and the data says AED. For this reason the amounts are given here in AED, with US dollars worked out at the pegged rate.

The page does not say which apartment carries which price, so the range cannot be matched to the size range. The sizes run from 983 to 1,053 sq ft, a spread of 70 sq ft or about 7.1 percent, while the prices differ by about 8.5 percent. Pairing the two ends would be a guess, and no price per square foot is printed by any source read, so none is shown.

A one-bedroom apartment is mentioned in the page’s introduction, but no one-bedroom size or price is printed for ELO 3. The broker page quotes a one-bedroom range of about 525 to 646 sq ft for ELO 2 and ELO 3 together. That is a joint, broker-supplied range and is not attributed to ELO 3 here.

Payment plan figures for ELO 3, source by source

The developer’s page has a tile labelled Payment Plan that prints only 1%. The page gives no explanation of what the percentage refers to, so it is quoted as printed and not interpreted. No page read shows a full schedule for ELO 3 with dates or construction milestones.

Three different splits are reported for ELO 3 or for the pair, and none is printed in a developer schedule that could be read. A buyer should treat the schedule in the signed agreement and the payment receipts issued under it as the only plan that counts. The table below shows what each split would mean in AED on the lowest price in the data. It is arithmetic for comparison and is not an offer.

What the shares are tied to also matters: a booking date, the signing of the agreement, stages of construction or the handover. The illustration does not decide this. Two further points apply to any plan. The Dubai escrow rules, described in section 7, route purchaser payments for off-plan units into a project escrow account. And the payment schedule should be matched against the stage of construction that DLD records for the project.

DAMAC Hills 2 and access to DAMAC ELO 3 Dubai

The developer’s data gives ELO 3 a coordinate of 24.991407 north, 55.384879 east. The same value appears on the data of neighbouring DAMAC projects in this community, so it is best read as a community-level point rather than the position of the building. No plot number, street address or sub-community name is printed for ELO 3.

The developer calls DAMAC Hills 2 a master community with villas, townhouses and apartments. On its ELO 2 page it says residents have access to more than 30 attractions and experiences, including sports amenities, water attractions and a Malibu Beach wave pool, and that the community is within minutes of Motor City, Sports City, Global Village and IMG Worlds of Adventure. The ELO 3 page repeats the same places in general terms.

In its press release of 4 September 2026 DAMAC also says that more than 1,500 villas will be handed over in DAMAC Hills 2 during 2026.

The ELO 3 page contains a block headed Close to everything you need with three time bands, 5, 10 and 20 minutes, but the page text read does not list the places inside it. The ELO 3 FAQ names places without minutes. The minutes below are those printed on the developer’s ELO 2 page for the whole community, labelled as such, and are shown only where the ELO 3 FAQ names the same place or category.

The developer gives no basis for these times, such as a time of day or a route, and the ELO 3 FAQ itself adds that travel times may vary with traffic and route. They are the developer’s own community-level figures and are not measured distances. The Park Inn, Treppan and Aloft hotels, and NMC Royal Hospital, appear on the ELO 2 FAQ but not on the ELO 3 FAQ, so they are marked accordingly.

Several other DAMAC projects sit in the same community, so a buyer comparing DAMAC ELO 3 Dubai with its neighbours can read the guides for DAMAC ELO 2 Dubai, DAMAC Evergreens Dubai, DAMAC Natura Dubai and DAMAC Violet 4 Dubai, which are written from the same kind of sources.

Amenities the developer lists

The developer’s ELO 3 page lists seven headings under A World of Amenities: Pool, Swim-up bar, Climbing wall, Malibu beach, Sports fields, Fishing lake and Lazy river. The accompanying text mentions tennis, padel, volleyball and football courts. The page does not say which of these sit inside the ELO 3 plot and which belong to the wider community, and it prints no opening rules, charges or access conditions.

The only item that matches a swimming-pool feature is the pool; no gym, sauna or air-conditioning heading is listed. The text under the swim-up bar mentions a barbecue, but a barbecue is not one of the amenity headings. The images supplied by the developer are renders and are labelled as such.

Buying off-plan in Dubai: the official rules in short

The rules below apply to any off-plan purchase in Dubai, including ELO 3. Each is stated from an official page read on 13 November 2026. They are a summary of what those pages say and are not advice, and the pages are the place to check the current position. Further background is in the site’s guides to off-plan property in Dubai and foreign ownership of apartments in Dubai.

Reading the fee in AED

On the lowest and highest prices in the data, 4 percent is AED 54,880 (about USD 14,943) and AED 59,520 (about USD 16,207). This is arithmetic from the DLD percentage and the inferred price range. It leaves out any other charge, such as Oqood or administrative fees, because no official figure for those was found in the pages read. Whether the buyer, the seller or both pay the fee is a matter of the agreement.

Payment schedule and construction stage

The escrow rules exist so that money paid for units sold off the plan is held in a project account and released in step with the works. The DLD FAQ says the escrow account aims to regulate the building and construction processes of the units sold on the plan. For a buyer the practical step is to ask for the escrow account name and the DLD project number in writing, and to look the project up on the DLD status page before each stage payment.

The pages read for ELO 3 do not print an escrow bank or a project number. That is a normal gap on a marketing page and is resolved by the sale documents. Until it is resolved, the page figures for the plan should be compared with the schedule in the draft agreement line by line.

Mortgage, property tax and service charges

This guide does not state a mortgage ratio, a property tax rule or a service-charge rate, because no official figure for them was confirmed in the pages read for this project. The site’s guides to mortgages in Dubai for foreigners and property tax in Dubai cover these topics in general, and older guides can carry out-of-date numbers. The service charge for this building is a separate question for the developer in writing.

Golden Visa rule and this apartment

The UAE government portal’s Golden Visa page lists real-estate investors with a minimum capital of AED 2 million and gives the residency duration for real-estate investments as 5 years. The DLD’s own service for real-estate Golden Visa requests describes a 10-year renewable residence permit for an owner of a property whose purchase value is equal to or more than AED 2 million at the time of purchase, and says that one or more properties may count and that a mortgaged property needs a bank letter.

The two official pages give different durations, and both are quoted.

Each price in the data is below AED 2,000,000, and the developer’s page carries no Golden Visa label on the ELO 3 card, whereas several other projects in the same strip do. Eligibility is not claimed for any ELO 3 apartment here. Whether several properties can be combined, what value counts and what documents are needed are decided by the authority, and the Golden Visa guide explains the route. The rule should be checked on the official pages before any decision.

What to ask for in writing before reserving

Because the developer’s page for DAMAC ELO 3 Dubai prints little beyond the unit card, the written documents carry most of the facts. The list below follows the order in which questions usually arise. It is a checklist of normal off-plan paperwork and does not say that anything is missing.

1. The sale and purchase agreement with the exact unit number, tower, floor, size in sq ft and layout, so that the 983 to 1,053 sq ft range is replaced by one figure.
2. The handover date written in the agreement, stating whether it is Q3 2027, Q4 2028, 31 December 2028 or another date, and what the agreement says about the date.
3. The full payment schedule with dates or construction stages, and what the 1% on the developer’s tile refers to.
4. The name of the escrow account and its bank, and the DLD project number, so the project can be found on the DLD status page.
5. The final price in AED, the currency of every instalment, and a list of every charge on top of it, including the registration fee and any Oqood-related charge.
6. An estimate of the annual service charge for the building and what it covers.
7. What the finish includes, since the unit card says unfurnished, with a list of fittings, kitchen items, appliances and flooring.
8. Who signs for the developer and the exact legal name of the selling company on the agreement.
9. How the title will be issued after handover and in which name, and the Oqood registration receipt for the sale.
10. Whether the park view is a contractual feature of the unit or a description of the community.

A reservation form is not the agreement. Reservation terms, refund conditions and the conditions for moving to the agreement should be read before any payment, and the buyer should keep copies of every receipt together with the account details shown on it.

DAMAC Properties (developer)

The company behind ELO 3 is DAMAC Properties, a Dubai-based developer. Wikipedia records its headquarters as Dubai, gives 28 January 1982 as the founding date in its infobox and files the company under establishments of 2002. DAMAC’s own press release of November 2024 says it has launched over 75 towers since its founding in 2002 and names Hussain Sajwani as Founder and Chairman. The two founding years differ between sources and both are reported.

In a release of 4 September 2026 on PR Newswire, DAMAC says it has handed over more than 50,000 homes and has more than 55,000 units in planning and development. It says that more than USD 2.72 billion of construction contracts were awarded in the first half of 2026 and that it is targeting more than 8,800 residential units for delivery in 2026 across DAMAC Lagoons, DAMAC Hills, DAMAC Hills 2, Chic Tower and Elegance Tower. These are the company’s own figures, as published on that date.

DAMAC’s releases name master communities that include DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Sun City, DAMAC Riverside and DAMAC Islands. The full list of developers covered on this site is in the Dubai developers directory. Company-wide statements about size or ranking are the developer’s and are not repeated as facts here.

How ELO 3 sits beside other DAMAC and Dubai listings

The table lists projects from the same developer in DAMAC Hills 2 and neighbouring communities, and one existing Dubai listing by another developer. It records what each guide covers and makes no claim that one is better than another. The DAMAC guides link to each other because they were written from the same kind of sources on 13 November 2026.

For the wider picture, the freehold and leasehold guide explains the tenure terms used on the DLD pages, and the Dubai real estate market guide gives market background. Both are general guides, and numbers in older guides should be checked against the official pages above. The Dubai city page and the UAE page list every Dubai listing on this site.

Frequently asked questions

What is DAMAC ELO 3 Dubai?

ELO 3 is an off-plan apartment project by DAMAC Properties in the DAMAC Hills 2 community of Dubailand. The developer’s page, read on 13 November 2026, describes 1 and 2 bedroom apartments but shows only a two-bedroom unit type as available. It is the third building in the ELO series, after ELO and ELO 2, which have their own pages.

When is DAMAC ELO 3 Dubai due for handover?

The developer’s page prints Q3, 2027 in its headline tile and FAQ, Q4 / 2028 on the unit card and 31 December 2028 in its project data. A broker page gives Q2 2027 for ELO 2 and ELO 3 together. No source is chosen here, so the date that counts is the one written in the sale and purchase agreement.

How much does DAMAC ELO 3 Dubai cost?

The developer’s card shows no readable price, because it loads after the page. The page data, divided by 100, gives AED 1,372,000 to AED 1,488,000, about USD 373,587 to USD 405,174 at the pegged rate of 3.6725. That is an inference and not a printed price list. The price of a specific apartment should be taken from the agreement.

What size is the apartment in ELO 3?

The only available unit type is a two-bedroom apartment of 983 to 1,053 sq ft, about 91.3 to 97.8 m², with two bathrooms, a park view and an unfurnished finish. A broker page quotes one-bedroom sizes of about 525 to 646 sq ft for ELO 2 and ELO 3 together, which are not attributed to ELO 3.

What is the payment plan?

The developer’s tile prints 1% with no explanation. A broker header says 80/20 while its text says that published structures conflict and includes 70/30, and search summaries mention 20/60/20. No full schedule from the developer was read. The schedule in the signed agreement is the plan that applies, and it should be checked against the escrow rules.

Can foreigners buy in DAMAC Hills 2?

The DLD says freehold purchase is allowed for all nationalities, citing Article 3 of Regulation No. 3 of 2006, and the UAE portal says foreign ownership is allowed in areas designated as freehold. The developer’s ELO 3 page does not print the tenure, so the title type and the freehold status of the plot should be confirmed in writing and on the DLD pages.

What fees apply when buying off-plan in Dubai?

A DLD notice of 31 May 2021 states a registration fee of 4 percent of the property’s value. On the inferred range that is AED 54,880 to AED 59,520. Other charges are not confirmed in the pages read, so every fee should be listed in writing before reserving, along with who pays it.

Does ELO 3 qualify for the Golden Visa?

No eligibility is claimed. The DLD service describes a property whose purchase value is equal to or more than AED 2 million, and all prices in the ELO 3 data are below that figure. The rule, combined properties and documents are checked with the DLD or the UAE government portal, and the site’s Golden Visa guide explains the route.

How can the project be checked with DLD?

The DLD project status enquiry, also available in the Dubai REST app, can be searched by project name or number and shows project details, developer and escrow bank. The pages read for ELO 3 print no project number, so the number must be requested from the developer in writing before the search can be made.

Where is DAMAC ELO 3 Dubai and what is nearby?

ELO 3 is in DAMAC Hills 2, Dubailand. The developer’s FAQ names DAMAC Hills 2 Mall, Dubai Outlet Mall, First Avenue Mall, Aster Medical Centre, Mediclinic Parkview Hospital, Radisson Dubai DAMAC Hills and four schools, and says Al Maktoum International Airport is the closest airport. The ELO 2 page gives community-level minutes, shown in section 5.

Sources and last check

Last checked: 13 November 2026. Sources:

• DAMAC Properties: ELO 3 project page, read 13 November 2026
• DAMAC Properties: ELO 2 project page, read 13 November 2026
• A1 Properties: ELO 2 and ELO 3 page, read 13 November 2026
• Property Finder: ELO 2 page, read 13 November 2026
• Dubai Land Department: property status enquiry and title deed explanation
• Dubai Land Department: news of 31 May 2021 on registration fees
• Dubai Land Department: request to register the initial sale
• Dubai Land Department: register project
• Dubai Land Department: escrow account activation
• Dubai Land Department: project status enquiry
• Dubai Land Department: frequently asked questions
• Dubai Land Department: request for Golden Visa, investor
• UAE government portal: expatriates buying a property in the UAE
• UAE government portal: Golden Visa
• PR Newswire: DAMAC achieves handover of 50,000 homes, 4 September 2026
• Wikipedia: DAMAC Properties, read 13 November 2026
• PR Newswire: DAMAC Islands release, 20 November 2024

Prices in USD are calculated at the pegged rate of 3.6725 AED per USD. Price inferences, fee arithmetic, payment illustrations and unit conversions are calculated from the figures named in the text and are not published prices. This is not legal, tax or financial advice.