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1-bed · 530 sqftElo 3 at Damac Hills 2, Damac Hills 2 · 7th floor

723, Elo 3 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 723 · DLD and Ejari recordsUpdated 22 September 2024
Last soldAED 627K22 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 723, Elo 3 at Damac Hills 2

What is 723 worth today?

Last sold for AED 627,000 in 2024

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22 Sep 2024Sold by developerOff-plan
AED 627,000AED 1,183 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2024.

Key facts

Type
1-bed apartment
Size
530 sqft
Floor
7th of 14
Parking
1
Last sold
AED 627K · September 2024
Building
Elo 3 at Damac Hills 2

About 723, Elo 3 at Damac Hills 2

723 is a one-bedroom apartment of 530 sqft on the 7th floor of Elo 3 at Damac Hills 2, a 14-storey tower in Damac Hills 2. The developer sold it on 22 September 2024 for AED 627,000, or AED 1,183 per sqft, 5% below the AED 1,245 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 723 over time

Sales
Unit 723, each saleTypical one-bed in Elo 3 at Damac Hills 2
650K700K202420252026Typical sale price by year: 2024 AED 687,000; 2025 AED 692,000Sold by developer, September 2024: AED 627,000 (AED 1,183 per sqft)

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

1-beds in Elo 3 at Damac Hills 2, and where 723 sits

All 376 1-beds →

723 last sold in September 2024 at AED 1,183 per sqft, 5% below what one-beds in Elo 3 at Damac Hills 2 were fetching at the time (AED 1,245). Over the last 12 months one-beds sold for AED 720,000, around AED 1,297 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Dec 2025720,000
10 Jul 2025670,000
1 Jul 2025580,000
30 Jun 2025670,000
1 1-bed sale in the last 12 months

Elo 3 at Damac Hills 2

Building

509 apartments, 1-bed to 2-bed over 14 floors in Damac Hills 2. 2 sold in the last 12 months.

Typical price per sqft
AED 1,268
Typical sale
AED 877K
Typical rent
Few contracts
Typical yield
Elo 3 at Damac Hills 2, Damac Hills 2: prices, sales and rents →

Other units on the 7th floor

All 509 units in Elo 3 at Damac Hills 2
Value
7011-bedAED 715K · Oct 2024
7021-bedAED 715K · Sep 2024
7031-bedAED 712K · Sep 2024
7041-bedAED 715K · Sep 2024
7051-bedAED 702K · Dec 2024
707AED 1.31M · Oct 2025
7082-bedAED 943K · Sep 2024
1–7 of 35

723, Elo 3 at Damac Hills 2 in numbers

  • Sold once: by the developer on 22 September 2024 for AED 627,000, or AED 1,183 per sqft.
  • One-beds in Elo 3 at Damac Hills 2 sold for AED 720,000–720,000 in the 12 months to November 2026; the building's median across all types is AED 1,268 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2024.

Questions about 723, Elo 3 at Damac Hills 2

What did unit 723 last sell for?

AED 627,000 on 22 September 2024, sold by the developer: AED 1,183 per sqft for 530 sqft. It is the only registered sale of the unit.

How big is unit 723?

530 sqft (49.2 sqm): a one-bedroom apartment on the 7th floor of a 14-storey tower.

What is unit 723 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elo 3 at Damac Hills 2 sold for AED 720,000 to 720,000 in the last 12 months, around AED 1,297 per sqft.

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Mortgage on 723, Elo 3 at Damac Hills 2

Starts from the last sale price (AED 627K, 22 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 627,000
Deposit, UAE resident (20%)
AED 125,400
Deposit, non-resident (40%)
AED 250,800
Monthly over 25 years at 3.7%
AED 2,565

Plus AED 31,344 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →