Elegance Tower
Elegance Tower Offered by Buy Dubai Off-Plan
Elegance Tower

Elegance Tower

by DAMAC in Downtown Dubai View on map Completed

Starting price
AED 1,790,000
Payment plan
80/20
Handover
Q1 2026

โ‰ˆ โ‚ฌ 430,000

This project was completed in Q1 2026. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 1,790,000 โ‰ˆ โ‚ฌ 430,000 What will my monthly payments be?
Payment plan 80/20 80% during construction, 20% at handover
Handover Q1 2026 Completed
Bedrooms 12
Property type
Apartment
Floor area
69 to 134 mยฒ
Developer
DAMAC
Location
Downtown Dubai
Project brochure
Free, with no obligation

The Elegance Tower brochure

Download the brochure for Damac Elegance Tower van Damac Properties in Downtown Dubai for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Elegance Tower

  • Modern one or two bedroom apartments in the heart of Dubai

  • Stunning views of the Downtown Dubai skyline

  • Prime location with quick access to the Burj Khalifa and other iconic landmarks

  • High-quality finishes and luxury amenities for comfortable living

  • Favourable payment plan with only 20% due on completion

Elegance Tower at Downtown Dubai: Luxury homes by Damac Properties

Damac Elegance Tower is a new residential project by Damac Properties, located in the prestigious Downtown Dubai. This project offers stylish one and two bedroom apartments, designed for those seeking a luxurious lifestyle in one of Dubaiโ€™s most sought-after neighbourhoods. The tower combines modern architecture with high-quality finishes and provides breathtaking views of the city skyline. With completion planned for the first quarter of 2026, this is an excellent opportunity for investors and future residents to become part of an exclusive community. The location is perfect for those who wish to enjoy vibrant city life, with easy access to world-famous attractions such as the Burj Khalifa, The Dubai Mall, and Dubai Opera. The project is not only a home but also an investment in one of the worldโ€™s most dynamic real estate markets. The combination of luxury, comfort, and a strategic location makes Damac Elegance Tower a unique opportunity for international buyers.

Units and Types

Damac Elegance Tower offers a selection of stylish one and two bedroom apartments, ranging in size from 68.75 mยฒ to 133.78 mยฒ. These spaces are designed with an eye for detail and offer a perfect balance between functionality and aesthetics. The apartments are fitted with high-quality materials and modern amenities, making them ideal for both young professionals and families. The open-plan kitchens are equipped with integrated appliances, while the spacious living rooms and bedrooms ensure a comfortable living environment. Large windows allow for natural light and provide a panoramic view of Dubaiโ€™s iconic skyline. The bathrooms are luxuriously finished with premium sanitaryware, and the floors feature ceramic tiles or high-quality laminate. Each apartment is designed to provide maximum living comfort, with ample storage space and a logical layout. This makes Damac Elegance Tower an excellent choice for those seeking a modern home in a vibrant environment.

About the developer Damac Properties and the Elegance Tower design

Damac Properties, the developer behind Damac Elegance Tower, is renowned for its high-quality projects in Dubai and beyond. With years of experience in the real estate sector, Damac has built a reputation for quality, innovation, and reliability. The company is known for its attention to detail and for delivering projects that meet the highest international standards. Damac Elegance Tower is no exception: the building features state-of-the-art facilities, including a swimming pool, a fitness centre, a spa, and 24-hour security. The common areas are elegantly designed and offer residents a luxurious living environment. Furthermore, Damacโ€™s maintenance team ensures a hassle-free living experience. The project is an example of how modern architecture and functionality can go hand in hand, with sustainable materials and energy-efficient solutions. For international investors, this is a prime opportunity to invest in a project by a renowned developer with a proven track record.

Prime location in Downtown Dubai near key Dubai destinations

Damac Elegance Tower is located in the heart of Downtown Dubai, one of the cityโ€™s most prestigious and vibrant neighbourhoods. The location offers unrivalled convenience, with the Burj Khalifa just 7 minutes away and The Dubai Mall also within easy reach. The area is known for its world-class amenities, including luxury shops, fine-dining restaurants, and entertainment centres such as the Dubai Opera. The Dubai International Financial Centre (DIFC) business district is 6 minutes away, making the project ideal for professionals. Furthermore, Dubai International Airport is reachable within 13 minutes, facilitating international travel. The surroundings also offer numerous recreational opportunities, such as parks, walking paths, and cultural landmarks. Public transport is excellently provisioned, with metro and bus stops in the immediate vicinity. In short, Damac Elegance Tower offers not only a luxurious home but also a lifestyle where everything is within reach. This makes it an excellent choice for those seeking comfort, convenience, and prestige.

Flexible payment plan for Elegance Tower homes

The payment plan for Damac Elegance Tower is designed to make it easy for buyers to invest in this prestigious project. Only 20% of the purchase price is due on completion, while the remaining 80% is spread across the construction period. This makes the project financially accessible for both private buyers and investors. The starting price for an apartment is AED 1,790,000, which offers excellent value for money given the projectโ€™s location and quality. The payment plan is transparent and flexible, with clear milestones dependent on construction progress. Our property advisory service provides additional support for international buyers in arranging financing and navigating the purchase process in Dubai. We can assist you with obtaining a mortgage or creating a personal payment schedule. This ensures a hassle-free purchasing experience, allowing you to focus on the benefits of your new investment. Please do not hesitate to contact us for more information on the payment options.

Amenities

Payment plan for Elegance Tower

80%20%
80%
During construction, in instalments
AED 1,432,000
โ‰ˆ โ‚ฌ 344,000
20%
After handover
AED 358,000
โ‰ˆ โ‚ฌ 86,000

Monthly payments and your own funds

How much do you need for Elegance Tower, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 1,811

โ‰ˆ โ‚ฌ 430 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,432,000โ‰ˆ โ‚ฌ 343,700
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 358,000โ‰ˆ โ‚ฌ 85,900
Purchase costs4% DLD fee and mortgage costs
AED 76,945โ‰ˆ โ‚ฌ 18,500
Total funds required
AED 1,508,945โ‰ˆ โ‚ฌ 362,100
Request finance guidance for Elegance Tower
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Elegance Tower

Location

Downtown Dubai, Dubai Burj Khalifa: 7 minutes ยท Business Bay: 10 minutes
Open in Google Maps

Travel times from Elegance Tower

  • Burj Khalifa: 7 minutes
  • Business Bay: 10 minutes
  • Dubai International Airport: 13 minutes
  • Dubai International Financial Centre (DIFC): 6 minutes
  • Dubai Opera: 6 minutes
  • The Dubai Mall: 7 minutes

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.