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1-bed · 556 sqftElo at Damac Hills 2, Damac Hills 2 · 5th floor

516, Elo at Damac Hills 2

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

Unit 516 · DLD and Ejari recordsUpdated 8 October 2024
Last soldAED 610K8 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 516, Elo at Damac Hills 2

What is 516 worth today?

Last sold for AED 610,000 in 2024

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8 Oct 2024Sold by developerOff-plan
AED 610,000AED 1,096 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 October 2024.

Key facts

Type
1-bed apartment
Size
556 sqft
Floor
5th of 14
Parking
1
Developer
DAMAC
Last sold
AED 610K · October 2024
Building
Elo at Damac Hills 2

About 516, Elo at Damac Hills 2

516 is a one-bedroom apartment of 556 sqft on the 5th floor of Elo at Damac Hills 2, a 14-storey tower in Damac Hills 2 by DAMAC. The developer sold it on 8 October 2024 for AED 610,000, or AED 1,096 per sqft, 8% below the AED 1,195 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical one-bed in Elo at Damac Hills 2
600K650K202420252026Typical sale price by year: 2024 AED 660,000; 2025 AED 680,000Sold by developer, October 2024: AED 610,000 (AED 1,096 per sqft)

516 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 516 sits

All 385 1-beds →

516 last sold in October 2024 at AED 1,096 per sqft, 8% below what one-beds in Elo at Damac Hills 2 were fetching at the time (AED 1,195). Over the last 12 months one-beds sold for AED 581,150 to 723,000, around AED 1,205 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Feb 2026723,000
29 Dec 2025581,150
10 Jul 2025586,000
8 Jul 2025709,000
2 1-bed sales in the last 12 months

Elo at Damac Hills 2

Building

541 apartments, 1-bed to 2-bed over 14 floors in Damac Hills 2 by DAMAC. 3 sold in the last 12 months.

Typical price per sqft
AED 1,261
Typical sale
AED 723K
Typical rent
Few contracts
Typical yield
Elo at Damac Hills 2, Damac Hills 2: prices, sales and rents →

Other units on the 5th floor

All 541 units in Elo at Damac Hills 2
Value
5011-bedAED 662K · Jul 2024
5021-bedAED 662K · Jul 2024
5031-bedAED 662K · Jul 2025
5041-bedAED 694K · Oct 2024
5051-bedAED 662K · Jul 2024
5062-bedAED 1.32M · Feb 2025
5072-bedAED 1.23M · Sep 2024
1–7 of 39

516, Elo at Damac Hills 2 in numbers

  • Sold once: by DAMAC on 8 October 2024 for AED 610,000, or AED 1,096 per sqft.
  • One-beds in Elo at Damac Hills 2 sold for AED 581,150–723,000 in the 12 months to November 2026; the building's median across all types is AED 1,261 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 8 October 2024.

Questions about 516, Elo at Damac Hills 2

What did unit 516 last sell for?

AED 610,000 on 8 October 2024, sold by the developer: AED 1,096 per sqft for 556 sqft. It is the only registered sale of the unit.

How big is unit 516?

556 sqft (51.7 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower.

What is unit 516 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 581,150 to 723,000 in the last 12 months, around AED 1,205 per sqft.

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Mortgage on 516, Elo at Damac Hills 2

Starts from the last sale price (AED 610K, 8 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 610,000
Deposit, UAE resident (20%)
AED 122,000
Deposit, non-resident (40%)
AED 244,000
Monthly over 25 years at 3.7%
AED 2,496

Plus AED 30,630 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →