ELO at DAMAC Hills 2 Golden Visa

No. One bedroom apartments start at AED 685,000 ≈ USD 187K and two bedroom apartments at AED 1,397,000 ≈ USD 380K, so both typologies sit below the AED 2M ≈ USD 545K minimum property investment and neither reaches it alone. Buyers at ELO reach the threshold by holding more than one registered property, a route explained in the Golden Visa requirements guide.

On current starting prices, two apartments clear it if one of them is a two bedroom: a one bedroom plus a two bedroom registers at AED 2.08M ≈ USD 567K. Two one bedroom apartments total AED 1.37M ≈ USD 373K and fall short, while two two bedroom apartments reach AED 2.79M ≈ USD 761K. The exact figures depend on the contract value of the specific units, since aspect and floor move prices within each typology.

Combining separately registered properties to reach the qualifying value is a route commonly used by buyers whose individual units sit below the minimum, and it is assessed on the registered ownership value of the properties held rather than on any single title. Whether a particular combination is accepted depends on the regulations in force at the time of application, so the current conditions should be confirmed before any purchase is structured around it.

Off-plan applications are typically supported by Oqood registration together with proof that the purchase meets the qualifying value and any paid-value conditions applied at the time. For a combined purchase, every unit counted toward the threshold needs to be registered in the same owner name. Buyers who prefer a simpler file wait for the title deeds issued at handover. The sequence is set out in the off-plan Golden Visa guide.

The plan is 20% as an immediate deposit with the 4% Dubai Land Department fee on top, 50% across instalments and milestone payments during construction, and 30% on completion. Because 70% of the value falls due before handover, most buyers pass the commonly applied paid-value conditions during the construction period. Those conditions are updated from time to time, so the current requirement should be checked before submission.

No. Eligibility is assessed on the registered purchase value of the property, and the 4% registration fee is paid on top of that value rather than forming part of it. On a combined purchase registering at AED 2.08M ≈ USD 567K, the fee works out at AED 83,280 ≈ USD 23K and should be budgeted separately from the qualifying amount.

Yes. ELO is freehold and open to all nationalities, with ownership registered at the Dubai Land Department, which is a requirement for property based Golden Visa eligibility. Buyer payments during construction run through a DLD-registered escrow account with Emirates NBD, covered on the ELO 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.

No. A qualifying purchase makes an applicant eligible to apply, but approval depends on satisfying every requirement in force at the time of application, including ownership verification and standard background checks. Verified construction status is published on the ELO construction updates page.