Elegance Tower
DAMAC Properties · 1BR, 2BR · Downtown Dubai, Dubai
Elegance Tower is a residential project by DAMAC Properties in Downtown Dubai, Dubai, offering 1BR, 2BR layouts. Prices start from AED 2,149,000. This is an off-plan purchase with expected completion in December 2026 on a 60 / 40 payment plan. The indicative gross yield band for this area and unit mix is 6.5% – 8%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.
Elegance Tower is a luxury off-plan project by Damac located in Downtown Dubai, featuring 1-2 bedroom apartments with stunning designs and amenities.
Key facts
- Developer
- DAMAC Properties
- Area
- Downtown Dubai, Dubai
- Property type
- 1BR, 2BR
- Starting price
- AED 2,149,000
- Payment plan
- 60 / 40
- Expected completion
- December 2026
- Construction status
- Now selling
- Indicative gross yield
- 6.5% – 8%
Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who this project fits
Elegance Tower typically fits investors balancing rental income with capital appreciation at a mid-market ticket, across 1BR, 2BR layouts in Downtown Dubai, Dubai. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 6.5% – 8%.
Risks to weigh
As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in Downtown Dubai, Dubai can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Frequently asked questions about this project
How much does a unit at Elegance Tower cost?
Prices at Elegance Tower start from AED 2,149,000. The final figure depends on layout, floor and orientation — we pull the current price list from the developer for the specific unit you want.
Where is Elegance Tower located?
Elegance Tower is located in Downtown Dubai, Dubai. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.
What is the payment plan for Elegance Tower?
The indicated payment plan is: 60 / 40. We verify the full structure, including milestones and the balance due at handover.
When is Elegance Tower expected to complete?
Expected completion is December 2026 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.
What yield can I expect at Elegance Tower?
The indicative gross band for this area and unit mix is 6.5% – 8%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who is the developer of Elegance Tower?
Elegance Tower is developed by DAMAC Properties. We review their delivery record, build quality and value retention before recommending it.
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