Elo 2 & Elo 3 at DAMAC Hills 2 Golden Visa

No. One bedroom apartments start at AED 577K ≈ USD 157K and two bedroom apartments at AED 855K ≈ USD 233K, and both sit below the AED 2M ≈ USD 545K minimum property investment applied under the program. A single Elo apartment therefore does not reach the threshold by itself, whichever tier, floor or outlook is chosen. The qualifying investment types and the value tests behind them are set out in the Golden Visa requirements guide.

At current starting prices the smallest set that clears AED 2M ≈ USD 545K is three apartments, two one bedroom units plus one two bedroom unit, at AED 2.01M ≈ USD 547K. Four one bedroom apartments reach AED 2.31M ≈ USD 628K and three two bedroom apartments reach AED 2.57M ≈ USD 698K. Higher floors and larger layouts price above the starting figures, so the exact total depends on the specific units registered.

Counting more than one registered property toward the AED 2M ≈ USD 545K total is commonly accepted, and at this price level it is the usual route. Eligibility is assessed on the registered value of the properties held rather than on any single contract, and the conditions applied to combined holdings are updated from time to time, so the position is confirmed against the rules in force at the time of application.

Off-plan applications are typically supported by Oqood registration together with proof that the holdings meet the qualifying value and any paid-value conditions applied at the time of application. Where the threshold is reached across several properties, every off-plan contract in the set carries its own paid-value question. Buyers who prefer a simpler file wait for the title deeds at handover, expected in Q2 2027. The sequence is set out in the off-plan Golden Visa guide.

The regular plan is an 80/20 structure: 20% immediately on booking, 50% in monthly instalments running to month 34 of the sale date, 5% at 80% building completion, 5% at 90%, and the final 20% on completion. The 4% Dubai Land Department fee is paid in addition to the initial deposit. Because the instalments run from the sale date rather than from the start of construction, the proportion paid at any given moment depends on when the unit was booked.

Oqood is the interim registration recorded at the Dubai Land Department while a project is off-plan, and it records the buyer against a unit that does not physically exist yet. The title deed replaces it once the project completes and the unit is handed over, expected in Q2 2027. Both are Dubai Land Department records, and which one applies changes the documents a property-based residency file rests on. Progress toward that point is published on the Elo 2 and Elo 3 construction updates page.

Yes. Elo 2 and Elo 3 at DAMAC Hills 2 are freehold and open to all nationalities, with ownership registered at the Dubai Land Department, which is a requirement for property-based Golden Visa eligibility. Payments during construction run through the project's DLD-registered escrow account, set out on the Elo 2 and Elo 3 escrow account page.

No. For buyers who purchase through this advisory, the VIP application service, covering document preparation, submission and status follow-up, is included at no charge. Only the official government fees apply, as published by the issuing authorities at the time of application.

Not on its own. A single apartment at either tier sits below the AED 2M ≈ USD 545K threshold, so a purchase here contributes to eligibility rather than creating it, and approval still depends on satisfying every requirement in force at the time of application, including ownership verification and standard checks. What the 10 year renewable residency covers once it is granted is set out in the Golden Visa benefits guide.