Elegance Tower, Downtown Dubai
Premium Designer Residences by DAMAC

Project Details
Developer: DAMAC Properties
Location: Downtown Dubai, UAE
Property Type: Residential Tower
Available Units: 1–2 Bedroom Designer Apartments
Starting Price: AED 1.79 Million
Size Range: From 742 sq. ft. to 1,379 sq. ft.
Status: Under Construction (42% Completed)
Handover: Q1 2026
Ownership: Freehold
Payment Plan: 80/20

Overview of Elegance Tower

Elegance Tower is an ultra-luxury residential project located in the heart of Downtown Dubai, offering designer apartments crafted in partnership with globally renowned fashion icon Zuhair Murad. This exclusive tower is the first-ever Zuhair Murad-branded real estate development worldwide, making it a highly distinctive offering for discerning buyers and investors.

Strategically located near the iconic Burj Khalifa, Dubai Mall, and Dubai Opera, Elegance Tower presents a unique living experience enriched with timeless aesthetics and direct access to the city's most vibrant attractions. With its elegant architecture and artistic interiors, this project aims to set a new benchmark for luxury living in Dubai’s most prestigious district.

Property Information

The project offers fully furnished, ready-to-move-in 1 and 2-bedroom residences, ranging from 742 to 1,379 sq. ft. Each apartment includes either one or two private balconies with captivating views of Zabeel, Dubai Canal, or the Burj Khalifa skyline.

Select units also include full-floor options for high-net-worth investors looking to customize premium living spaces or generate rental income.

All residences in Elegance Tower feature signature white-and-gold interiors, concealed drop-down ceiling beds in select ultra-luxury apartments, and secret doors elegantly designed as decorative elements that open directly into the master bedroom—offering an unmatched blend of privacy and sophistication.

Project Description

Elegance Tower by DAMAC is more than just a residential development—it's a work of art. Designed in collaboration with Zuhair Murad, each unit showcases elegant, couture-inspired detailing. From the moment you enter the grand black-and-gold themed lobby adorned with crystals and chandeliers to the immersive podium-level experience, the entire building evokes a deep sense of elegance and refinement.

The podium level features a dual-purpose swimming pool with screened entertainment during the day and DJ sets at night. A system of artistic waterborne catwalks connects private islands within the pool zone, offering residents a unique leisure experience.

Other standout features include a state-of-the-art fitness center, a children’s play area, pool bar, sunbed zones, and man-made lagoons—ensuring a perfect blend of recreation, wellness, and social vibrance.

Elegance Tower is ideally located near Financial Center Road and Al Asayel Street, providing seamless access to Business Bay, DIFC, Sheikh Zayed Road, and Dubai International Airport.

Metro and bus stations are within walking distance, making everyday commuting convenient.

Payment Plans

DAMAC offers a flexible and investor-friendly payment structure for Elegance Tower:

• 20% Down Payment on Booking

• 60% During Construction

• 20% Upon Handover

This 80/20 payment plan allows buyers to invest gradually while securing property in one of Dubai’s highest-growth neighborhoods.

Economic Appeal

Elegance Tower offers immense value both as a lifestyle property and an investment asset. With its location in Downtown Dubai—one of the most sought-after areas for luxury rentals—the property offers high rental yields and strong capital appreciation.

The opportunity to invest in a full-floor unit is especially attractive to investors looking to diversify income streams. You can live in one unit while renting out the rest or combine them into a custom penthouse.

Rental prices in Downtown Dubai remain competitive:

• Daily: From AED 400

• Weekly: From AED 2,800

• Monthly: From AED 8,500

• Annual 1BR rent: From AED 80,000

• Average ROI: 6.9%

Investors purchasing properties worth AED 750,000+ can apply for a 3-year visa under the Taskeen Programme. For properties valued at AED 2 million or more, buyers become eligible for the UAE Golden Visa (10 years), making this project appealing to both residents and international investors.

Nearby Attractions and Key Distances

• Burj Khalifa – 1.9 km

• The Dubai Mall – 2.0 km

• Dubai Opera – 2.4 km

• Burj Park by Emaar – 1.8 km

• Business Bay – 4.4 km

• Mercato Beach – 4.6 km

• Dubai International Airport – 12.6 km

• Scholars International Group (School) – 2.7 km

• Burj Khalifa/Dubai Mall Metro Station – 30 mins walk

Nearby Facilities

• Carrefour Market, Choithrams RP Heights

• Supercare Pharmacy, Omar Yahia Dental Clinic

• Blossom Downtown Nursery, Jumeirah International Nursery

• Fine Dining: CZN Burak, Karak House, Café de Paris

Amenities and Facilities

• Swimming pool with skyline view

• Artistic podium-level recreation area

• Pool bar and lagoon features

• Fully equipped gym

• Secret door access between living and bedroom

• Ceiling-concealed drop-down beds in luxury units

• Designer furnished interiors

• Children's play zone

• 24/7 security and concierge

• Covered parking (1 space per unit)

About DAMAC Properties

DAMAC Properties is one of the Middle East’s leading real estate developers, known for creating world-class residential, commercial, and leisure properties. With a proven track record of delivering innovative and luxurious developments, DAMAC has successfully launched landmark projects across the UAE and beyond.

Their collaboration with fashion and design icons like Zuhair Murad reflects their commitment to combining style, functionality, and luxury in every project.

DAMAC continues to redefine urban living through projects like Elegance Tower, offering residents and investors unparalleled value and lifestyle experiences.

Frequently Asked Questions (FAQs)

Is Elegance Tower a good investment?
Yes. With a central location, branded interiors, and strong rental yields, Elegance Tower is an excellent option for end-users and investors alike.

What is the exact location of Elegance Tower?
It is located in Downtown Dubai, close to Burj Khalifa, Dubai Mall, and the Financial District.

Is Elegance Tower a freehold property?
Yes, it is available for freehold ownership to both local and international buyers.

What is the status of the project?
Under construction with 42% progress. Expected handover is in Q1 2026.

What types of units are available?
1 and 2-bedroom designer apartments, with some full-floor options.

What can residents enjoy in the area?
Access to top-tier restaurants, luxury shopping, cultural events, and iconic landmarks like Dubai Opera and Burj Park.

Are there nearby malls and retail options?
Yes. Dubai Mall is within 2 km, and many local markets and high-end boutiques are nearby.

What about healthcare facilities?
Supercare Pharmacy and Omar Yahia Dental Clinic are located close by.

Are there schools nearby?
Yes, including Blossom Downtown Nursery and Scholars International Group.

What’s the closest airport?
Dubai International Airport is approximately 12.6 km away.

Is there a nearby metro station?
Yes. Burj Khalifa/Dubai Mall Metro Station is within a 30-minute walk.

Can I buy remotely and transfer ownership?
Yes, DAMAC supports remote property purchases and title transfers.

What type of visa do I get if I invest here?
A 3-year investor visa (AED 750K+) or a 10-year Golden Visa (AED 2M+), depending on the investment amount.

If you're interested in this incredible property, don’t hesitate to get your free homebuyer consultation today with our RERA-certified experts.

Simply email us at info@houseandhedges.ae or WhatsApp your details to +971523362441. We’ll get in touch with you the same day to answer all your queries and guide you through every step of the process.

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