What is the payment plan for Damac Elo 2?

Damac Elo 2 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on handover, as published by the developer.

How much is the booking amount for Damac Elo 2?

5% of the price. On the cheapest unit at AED 1.32M that is AED 65,600.

How much do I pay before I get the keys to Damac Elo 2?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.32M that is AED 1.32M by handover in Q2 2027.

Does Damac Elo 2 have a post-handover payment plan?

No. The published plan completes at handover in Q2 2027.

What are the registration fees on Damac Elo 2?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.32M that is AED 52,480. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Damac Elo 2?

Damac publishes Q2 2027, which is 7 months from now.

Damac · Damac Hills 2 · handover Q2 2027

Damac Elo 2 payment plan, price and handover

Damac Elo 2 by Damac in Damac Hills 2, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 1.32M, that is AED 1.32M (100%) paid by handover in Q2 2027. Handover is 7 months away.

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The Damac Elo 2 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On Booking	5%
During Construction	55%
On Handover	40%

On the cheapest unit (2 BR, 971 sqft, AED 1.32M)

On Booking	AED 65,600
During Construction	AED 721,600
On Handover	AED 524,800
Total (100%)	AED 1,312,000
Months to handover	7

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 1,312,000. Registration and other fees are not included.

The Damac Elo 2 instalment schedule, line by line

Every instalment Damac publishes for Damac Elo 2, in order, with the charges listed alongside the plan.

Payment plan

Published by Damac

Stage	Instalment	Share	On AED 1,312,000
On Booking5%	On Booking	5%	AED 65,600
	DLD fee	4%	AED 52,480
During Construction55%	1st month installment	10%	AED 131,200
	3rd month installment	5%	AED 65,600
	4th month installment	2%	AED 26,240
	5th month installment	2%	AED 26,240
	6th month installment	2%	AED 26,240
	7th month installment	2%	AED 26,240
	8th month installment	5%	AED 65,600
	9th month installment	2%	AED 26,240
	10th month installment	2%	AED 26,240
	11th month installment	2%	AED 26,240
	12th month installment	2%	AED 26,240
	13th month installment	1%	AED 13,120
	14th month installment	1%	AED 13,120
	15th month installment	1%	AED 13,120
	16th month installment	5%	AED 65,600
	17th month installment	1%	AED 13,120
	18th month installment	1%	AED 13,120
	19th month installment	1%	AED 13,120
	20th month installment	1%	AED 13,120
	21st month installment	1%	AED 13,120
	22nd month installment	4%	AED 52,480
	23rd month installment	1%	AED 13,120
	24th month installment	1%	AED 13,120
On Handover	as published	40%	AED 524,800
Total of the plan		100%	AED 1,312,000

Lines marked fee (DLD fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by Damac; the dirham column applies each percentage to the published starting price of AED 1,312,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Damac Elo 2

The same plan, applied to the starting price Damac publishes for each size in the building.

Unit	From	On Booking (5%)	During Construction (55%)	On Handover (40%)
2 bedfrom 971 sq ft	AED 1,312,000	AED 65,600	AED 721,600	AED 524,800

Starting price per size as published by Damac; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Damac Elo 2

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
2 bed	AED 1,312,000	AED 52,480

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Damac Elo 2

Damac Elo 2 payment plan: questions buyers ask

What is the payment plan for Damac Elo 2?: Damac Elo 2 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on handover, as published by the developer.
How much is the booking amount for Damac Elo 2?: 5% of the price. On the cheapest unit at AED 1.32M that is AED 65,600.
How much do I pay before I get the keys to Damac Elo 2?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.32M that is AED 1.32M by handover in Q2 2027.
Does Damac Elo 2 have a post-handover payment plan?: No. The published plan completes at handover in Q2 2027. If you sell before handover, this is how it works.
What are the registration fees on Damac Elo 2?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.32M that is AED 52,480. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Damac Elo 2?: Damac publishes Q2 2027, which is 7 months from now.