What is the payment plan for Damac Elo 3?

Damac Elo 3 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on completion, as published by the developer.

How much is the booking amount for Damac Elo 3?

5% of the price. On the cheapest unit at AED 784K that is AED 39,200.

How much do I pay before I get the keys to Damac Elo 3?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 784K that is AED 784K by handover in Q3 2027.

Does Damac Elo 3 have a post-handover payment plan?

No. The published plan completes at handover in Q3 2027.

What are the registration fees on Damac Elo 3?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 784K that is AED 31,360. 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 3?

Damac publishes Q3 2027, which is 10 months from now.

Damac · Damac Hills 2 · handover Q3 2027

Damac Elo 3 payment plan, price and handover

Damac Elo 3 by Damac in Damac Hills 2, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 784K, that is AED 784K (100%) paid by handover in Q3 2027. Handover is 10 months away.

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The Damac Elo 3 payment plan in dirhams

Payment plan as published by the developer

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

On the cheapest unit (1 BR, 555 sqft, AED 784K)

On Booking	AED 39,200
During Construction	AED 431,200
On Completion	AED 313,600
Total (100%)	AED 784,000
Months to handover	10

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 784,000. Registration and other fees are not included.

The Damac Elo 3 instalment schedule, line by line

Every instalment Damac publishes for Damac Elo 3, in order, with the charges listed alongside the plan.

50/50 Payment Plan

Published by Damac

Stage	Instalment	Share	On AED 784,000
On Booking5%	On Booking	5%	AED 39,200
	DLD Fee	4%	AED 31,360
During Construction55%	1st month installment	10%	AED 78,400
	3rd month installment	5%	AED 39,200
	4th month installment	2%	AED 15,680
	5th month installment	2%	AED 15,680
	6th month installment	2%	AED 15,680
	7th month installment	2%	AED 15,680
	8th month installment	5%	AED 39,200
	9th month installment	2%	AED 15,680
	10th month installment	2%	AED 15,680
	11th month installment	2%	AED 15,680
	12th month installment	2%	AED 15,680
	13th month installment	1%	AED 7,840
	14th month installment	1%	AED 7,840
	15th month installment	1%	AED 7,840
	16th month installment	5%	AED 39,200
	17th month installment	1%	AED 7,840
	18th month installment	1%	AED 7,840
	19th month installment	1%	AED 7,840
	20th month installment	1%	AED 7,840
	21st month installment	1%	AED 7,840
	22nd month installment	4%	AED 31,360
	23rd month installment	1%	AED 7,840
	24th month installment	1%	AED 7,840
On Completion	as published	40%	AED 313,600
Total of the plan		100%	AED 784,000

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 784,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Damac Elo 3

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 Completion (40%)
1 bedfrom 555 sq ft	AED 784,000	AED 39,200	AED 431,200	AED 313,600
2 bedfrom 971 sq ft	AED 1,327,000	AED 66,350	AED 729,850	AED 530,800

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 3

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%
1 bed	AED 784,000	AED 31,360
2 bed	AED 1,327,000	AED 53,080

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 3

Damac Elo 3 payment plan: questions buyers ask

What is the payment plan for Damac Elo 3?: Damac Elo 3 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on completion, as published by the developer.
How much is the booking amount for Damac Elo 3?: 5% of the price. On the cheapest unit at AED 784K that is AED 39,200.
How much do I pay before I get the keys to Damac Elo 3?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 784K that is AED 784K by handover in Q3 2027.
Does Damac Elo 3 have a post-handover payment plan?: No. The published plan completes at handover in Q3 2027. If you sell before handover, this is how it works.
What are the registration fees on Damac Elo 3?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 784K that is AED 31,360. 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 3?: Damac publishes Q3 2027, which is 10 months from now.