
Elegance Tower is a luxury project by Damac, a 25-storey luxury tower located in the heart of Dubai's prestigious Downtown Dubai business district. The development offers 1-2 bedroom apartments with branded designs. The interiors are made of the highest quality materials using white and gold colours. The exterior of the buildings also feature unique architecture with original balconies and bright gold facades. The residences offer views of Burj Khalifa and Zabeel Park. Elegance Tower residents have access to a variety of amenities including a swimming pool with a bar and panoramic views of the city, a solarium, a cosy green garden, playgrounds for children and a gym with modern sports equipment. There is also 24-hour security and video surveillance on site. Located in the Downtown area, the complex offers residents convenient access to all the main attractions of the city. The Dubai Fountain, Dubai Opera, Dubai Mall and Burj Khalifa are within walking distance. The popular coastal area of Dubai Marina and Dubai International Airport are within a 20-25 minute radius, while Al Maktoum International Airport is approximately 40 minutes away. Elegance Tower is the epitome of luxury and elegance, offering residents an amazing premium lifestyle in the heart of a vibrant metropolis.
Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| DAMAC «Elegance Tower» launch basis | 2,388 | AED 2.15M | Current launch / asking basis |
| Downtown Dubai ready-stock comps | 2,400 | AED 2.16M | Indicative resale benchmark |
| Downtown Dubai premium peer launches | 2,900 | AED 2.61M | New-launch peer set |
| Trophy alternative proxy | 3,600 | AED 3.24M | Higher-end anchor for negotiation context |


















DAMAC «Elegance Tower» official render 1

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DAMAC «Elegance Tower» official render 10
Astraterra Properties
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Downtown Dubai
DAMAC «Elegance Tower» by Damac Properties
Located in Downtown Dubai
Starting from AED 2,149,000
Unit mix includes 1 BR, Apartments
Expected handover: Mar 2026
Official brochure and PDF marketing materials available
Official render/gallery images available
Ready-to-move units · Direct from owner · Verified by Astraterra
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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