DAMAC "Elo 2" payment plan
A worked 5% + 1000 AED OQOOD Fee + 540 AED Title Deed + 1000 AED DSR Fees / 10% / 5% / 21% (2% monthly with a milestone payment 5 schedule for DAMAC "Elo 2" by DAMAC Properties in Damac Hills 2, using a sample price from AED 1,327,000.
| Stage | When | Share | Amount (sample) |
|---|---|---|---|
| Booking / down payment | On reservation | 10% | AED 132,700 |
| Construction 20% | At 20% completion | 12.5% | AED 165,875 |
| Construction 40% | At 40% completion | 12.5% | AED 165,875 |
| Construction 60% | At 60% completion | 12.5% | AED 165,875 |
| Construction 80% | At 80% completion | 12.5% | AED 165,875 |
| On handover | At handover | 40% | AED 530,800 |
| Total | 100% | AED 1,327,000 | |
Illustrative only — construction milestones are modelled from the headline plan. Exact schedules, fees (DLD 4%, admin) and any post-handover terms are confirmed on consultation. Prices as of 9 Sept 2026.
Frequently asked questions
What is the payment plan for DAMAC "Elo 2"?+
DAMAC "Elo 2" by DAMAC Properties offers a 5% + 1000 AED OQOOD Fee + 540 AED Title Deed + 1000 AED DSR Fees / 10% / 5% / 21% (2% monthly with a milestone payment 5 plan: a booking down payment, installments across construction milestones, and a payment on handover.
How much is the down payment for DAMAC "Elo 2"?+
On a sample price of AED 1,327,000, the booking down payment of 10% is approximately AED 132,700.
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