DAMAC "Elo 3"
DAMAC Properties · Damac Hills 2 · Dubai
SKID Score6.4 / 10
SKID Score
6.4 / 10
Proceed with caution
Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: developer. Weakest: entry price.
SKID warning
This project appears expensive relative to comparable transactions.
- Published price
- From AED 800K
- Payment plan
- —
- Handover
- Aug 2027
- Available units
- 1–2 beds · Freehold
- Gross yield
- 5.5%
- Fair value
- -21.1%
- Risk
- Low
- At handover
- Plan not published
SKID intelligence
How does this project compare across all 10 factors?
- Gross yield
- 5.5%
- Fair value
- -21.1%
Last evaluated: 2026-10-07
01 · Ranked
10 factors
0% total
Tap any slice or factor below to inspect how SKID weighs and verifies it.
Why SKID gave it 6.4
| Factor | Weight | Score |
|---|---|---|
Location Amenities mention park | 22.2% | 6.5/ 10 |
Entry price Launch is -21.1% versus median DLD sale price per sq ft in this community | 16.7% | 3.2/ 10 |
Developer 22 other catalog project(s) already past their published handover | 16.7% | 8.6/ 10 |
Supply / competition 5 competing launches in Damac Hills 2 | 11.1% | 6.4/ 10 |
Appreciation potential Community closed-sale trend is -1.6% year on year | 11.1% | 5.0/ 10 |
Rental yield Implied gross yield is 5.5% against community rents | 8.3% | 6.4/ 10 |
Delivery risk Handover sits in a typical off-plan window | 5.6% | 8.6/ 10 |
Service charges Service charge published at 14 | 2.8% | 7.1/ 10 |
Exit liquidity 106 closed sales in the last year in this community | 5.6% | 8.6/ 10 |
Strong
- • 22 other catalog project(s) already past their published handover
- • Handover sits in a typical off-plan window
- • 106 closed sales in the last year in this community
Watch
- • Amenities mention park
- • 5 competing launches in Damac Hills 2
- • Implied gross yield is 5.5% against community rents
- • Service charge published at 14
Risk
- • Launch is -21.1% versus median DLD sale price per sq ft in this community
- • Community closed-sale trend is -1.6% year on year
🤖What the agents are saying & Did each agent do its job?Show audit details ▾
Did each agent do its job?
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation for DAMAC Properties: 8.6 / 10 from catalog delivery history. 22 other catalog project(s) already past their published handover Delivery risk 8.6 / 10. Handover sits in a typical off-plan window.
Community read for Damac Hills 2: location 6.5 / 10, supply 6.4 / 10. Amenities mention park 5 competing launches in Damac Hills 2
Pricing agent: Launch is -21.1% versus median DLD sale price per sq ft in this community Service charge published at 14 106 closed sales in the last year in this community
ROI agent: Community closed-sale trend is -1.6% year on year Implied gross yield is 5.5% against community rents
No payment plan split was published, so the payment plan did not change the SKID score.
Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: developer. Weakest: entry price.
What the agents are saying
News sentiment
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation
Developer evaluation for DAMAC Properties: 8.6 / 10 from catalog delivery history. 22 other catalog project(s) already past their published handover Delivery risk 8.6 / 10. Handover sits in a typical off-plan window.
Community
Community read for Damac Hills 2: location 6.5 / 10, supply 6.4 / 10. Amenities mention park 5 competing launches in Damac Hills 2
Pricing
Pricing agent: Launch is -21.1% versus median DLD sale price per sq ft in this community Service charge published at 14 106 closed sales in the last year in this community
ROI
ROI agent: Community closed-sale trend is -1.6% year on year Implied gross yield is 5.5% against community rents
Payment plan
No payment plan split was published, so the payment plan did not change the SKID score.
Orchestrator
Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: developer. Weakest: entry price.
Location
Damac Hills 2 · Dubai
Recent sales nearby
| Date | Type | Price | Sq ft | AED / sq ft |
|---|---|---|---|---|
| 2026-07-07 | Ready · Apartment | AED 603K | 421 | 1,432 |
| 2026-07-03 | Off-plan · Apartment | AED 316K | 264 | 1,197 |
| 2026-07-01 | Ready · Apartment | AED 717K | 533 | 1,344 |
| 2026-06-26 | Off-plan · Apartment | AED 1.3M | 981 | 1,326 |
| 2026-06-25 | Ready · Apartment | AED 690K | 638 | 1,082 |
| 2026-06-25 | Off-plan · Apartment | AED 1.32M | 982 | 1,343 |
| 2026-06-23 | Off-plan · Apartment | AED 1.16M | 906 | 1,283 |
| 2026-06-23 | Ready · Apartment | AED 440K | 435 | 1,012 |
Closed sales in this community. These are not this tower's own contracts unless the record says so.
Available units
1–2 beds · Apartments
AED 800K – AED 1.38M
555 – 1,089 sq.ft
From AED 1.49M
1,183 sq.ft
From 555 sq ft / sq m as published
Service charge 14
Amenities
- Shared Pool
- Lobby
- Shared Gym & Fitness Centre
- Leisure Areas
- BBQ
- Lift
- Recreational Areas
- Parking
- Pool Deck
- Sitting Area
- Broadband Internet
- Outdoor Cinema
- Bar
- Outdoor Kids’ Play Area
- Resting Areas
- Park Access
- Aqua Fitness
- Climbing Wall
Compare
DAMAC "Elo 3"
From AED 800K · ★ 6.4 / 10
Questions about this launch
- Who is building DAMAC "Elo 3"?
- DAMAC Properties is the developer named on this launch.
- When is handover for DAMAC "Elo 3"?
- The published handover is Aug 2027.
- What is the starting price of DAMAC "Elo 3"?
- The published starting price is AED 800K.
- What does the SKID screen mean for DAMAC "Elo 3"?
- The SKID screen for this launch in Damac Hills 2 is 80 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.