DAMAC «Elegance Tower»
✓ Resale Available

DAMAC «Elegance Tower»

From AED 2.15M·Completed Mar 2026·Developer payment plan available Payment
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AED 2.15M
Starting Price
Mar 2026
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

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.

Project Specifications
DeveloperDamac Properties
LocationDowntown Dubai
Unit Types1 BR, Apartments
AreaDowntown Dubai
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

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.

Projected Cap Rate
4.3%
NOI AED 92,729 / year
Cash-on-Cash
1.8%
Levered cashflow AED 21,812
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 139,685 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
DAMAC «Elegance Tower» launch basis2,388AED 2.15MCurrent launch / asking basis
Downtown Dubai ready-stock comps2,400AED 2.16MIndicative resale benchmark
Downtown Dubai premium peer launches2,900AED 2.61MNew-launch peer set
Trophy alternative proxy3,600AED 3.24MHigher-end anchor for negotiation context

Gallery

DAMAC «Elegance Tower» — View 2
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DAMAC «Elegance Tower» official render 1

DAMAC «Elegance Tower» official render 1

DAMAC «Elegance Tower» official render 2

DAMAC «Elegance Tower» official render 2

DAMAC «Elegance Tower» official render 3

DAMAC «Elegance Tower» official render 3

DAMAC «Elegance Tower» official render 4

DAMAC «Elegance Tower» official render 4

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DAMAC «Elegance Tower» official render 5

DAMAC «Elegance Tower» official render 6

DAMAC «Elegance Tower» official render 6

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DAMAC «Elegance Tower» official render 7

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DAMAC «Elegance Tower» official render 8

DAMAC «Elegance Tower» official render 9

DAMAC «Elegance Tower» official render 9

DAMAC «Elegance Tower» official render 10

DAMAC «Elegance Tower» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

Developer payment plan available

Flexible Payment

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Floor Plans

DAMAC «Elegance Tower» — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Laundry
Pets Allowed
Retail outlets
SPA
Security and CCTV
Shared Pool

Location

Downtown Dubai

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Downtown DubaiDowntown DubaiDubai, UAE

Developer Track Record

01

DAMAC «Elegance Tower» by Damac Properties

02

Located in Downtown Dubai

03

Starting from AED 2,149,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Mar 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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