Developer: Damac Properties · Downtown Dubai

Elegance Tower

Elegance Tower is a residential project by Damac Properties in Downtown Dubai, Dubai, with prices from AED 1 790 000, construction 100% complete per the DLD registry, 296 units, 317 DLD-registered sales since 2013.

Price fromAED 1 790 000Developer supplied
Construction100% — completedDLD registry · checked 16 Sep 2026
Units296DLD registry
DLD sales317 since 2013DLD registry
Median sale priceAED 27 615/m²Our calculation
Mortgage~AED 7 560/moOur calculation

Every figure carries its origin: “DLD registry” is taken from the Dubai Land Department register, “Developer supplied” is stated by the developer, “Our calculation” is computed by us from the first two. Developer prices change without notice — confirm before you commit. Methodology

Layouts and sizes

TypeSize, sq.ft
1 Bedroom – C815
1 Bedroom – B827
2 Bedroom – A1 380
2 Bedroom – A31 153

Payment plan 80/20

The purchase price is split into these stages.

120%Down payment
260%During construction
320%On handover

The exact schedule is confirmed in the sale agreement for the selected unit.

Mortgage for this project

For UAE residents the down payment starts at 20% with terms up to 25 years. Indicative monthly payment for prices from 1 790 000 AED is 7 559 AED.

Calculate mortgage

Estimates only; not a bank approval.

Handover date & construction progress

100%
  • StatusReady
  • Construction started2023-01-16
  • HandoverQ1 2026
  • Status date16.09.2026
  • Escrow bankEmirates NBD
  • DLD project number2475

Data from the Dubai Land Department project registry (updated 04.10.2026 09:55).

Construction progress 120
16 September 2026 100.00%
Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 1 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 2 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 3 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 4 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 5 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 6 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 7 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 8 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 9 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 10 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 11 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 12 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 13 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 14 of 15Elegance Tower, Downtown Dubai construction progress — 16 September 2026, 100.00% complete, photo 15 of 15

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
02.09.20262 BR104.72 816 100
30.07.20262 BR99.52 440 000
22.07.20262 BR110.02 917 000
07.07.20262 BR104.72 500 058
16.06.20261 BR75.72 180 000
10.06.20262 BR101.52 438 000
13.05.20262 BR100.92 476 000
17.04.20261 BR71.42 328 000
25.03.20262 BR110.03 136 248
17.02.20261 BR68.02 270 000
28.11.20251 BR17.31 039 500
20.10.20251 BR71.32 316 000
17.10.20252 BR101.52 500 000
24.09.20252 BR99.52 850 000
11.08.20251 BR71.42 300 000
04.06.20251 BR34.6902 000
07.05.20252 BR100.92 850 000
29.04.20252 BR110.03 396 000
24.03.20252 BR110.02 661 120
28.02.20252 BR110.03 045 000

Dubai Land Department transaction registry, updated 2026-10-03. Explore Dubai property transactions →

Registered transactions in Elegance Tower

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

317deals since 2013
27 615AED per m², median
0%resale, the rest bought from the developer
+4%over the past year

The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +1% over the same period, so the building grew faster.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
1 bedroom712 053 00028 915157
2 bedrooms1022 704 00026 510159

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

How the price per square metre moved

From 2022 to 2025 — +4% on the price per square metre in this building. The district moved +14% over the same period, so the building lagged the market.

26 6512022——
27 6682023——
28 1112024——
27 6942025——

Top to bottom: purchase price per m², year, annual rent per m², gross yield.

All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

How much is your property in Elegance Tower worth?

DLD has recorded 317 sales in this building since 2013, 1 of them resales. We compare your unit with sales of the same layout here, not with asking prices. Free, reply within 24 hours.

By submitting the form you agree to the processing of your contact details.

Amenities

  • Swimming pool
  • Sun bed zone
  • Pool bar
  • Lagoons
  • Kids play area
  • Grand lobby
  • Gym
  • Bar

What is nearby

  • Burj Khalifa7 мин
  • Business Bay10 мин
  • Dubai International Airport13 мин
  • minutes Dubai Opera6 мин
  • The Dubai Mall7 мин
Elegance Tower

About the project

Elegance Tower is a 296-unit residential development by Damac Properties in Downtown Dubai, on Financial Centre Road. The project comprises one building designed as G+4 podium levels+25 floors+roof and features Zuhair Murad-branded interiors. It is complete per the DLD register, with completion recorded at 100% and a completion date of 28 February 2026.

The project and its design

Elegance Tower is a single-building residential project with a G+4 podium+25-floor+roof configuration. Its interiors are branded by Zuhair Murad, and the tower is presented as the first Zuhair Murad-branded development in the world. Design features include transformable spaces and secret doors, while the public arrival space is a grand lobby with a stated height of 5 metres. The development contains 296 units. Views listed for the project include the Dubai Canal, Burj Khalifa and Downtown Dubai, with individual views dependent on the selected residence and its orientation.

Apartments and layouts

The residential collection consists of one-bedroom and two-bedroom apartments. Listed one-bedroom layouts include Type C at 814.94 square feet and Type B at 827.21 square feet. Two-bedroom layouts include Type A at 1,379.61 square feet and Type A3 at 1,152.60 square feet. The stated apartment-size range runs from 814.94 to 1,379.61 square feet. The project has also been presented with one- or two-balcony apartment configurations and full-floor units. Layout selection determines the bedroom count, saleable area and balcony arrangement.

Resident facilities

Elegance Tower includes a swimming pool, sun bed zone, pool bar and lagoons. The amenity offering also includes a gym, kids play area, grand lobby and bar. An infinity pool and pool bar are listed among the facilities, alongside supermarkets. These features place leisure, fitness and children’s play areas within the development. The grand lobby is specifically identified as a five-metre-high space, forming part of the building’s shared areas.

Downtown Dubai setting

Elegance Tower is located in Downtown Dubai on D71 Financial Centre Road, with D72 Al Asayel Street also shown in the project location. Downtown Dubai is a mixed-use district centred on the Burj Khalifa and The Dubai Mall, with residential towers, hotels, retail and leisure destinations. Cinema City at Address Dubai Mall is 0.3 km from the tower, while Kidzania is 0.4 km away. PVRK and Dubai Ice Rink are each 0.5 km away, and Reel Cinemas at Dubai Mall is 0.6 km away. The Block and Index Park are both 1.5 km away, while Bay Avenue Park is 1.8 km away.

Payment plan and completion

The starting price is AED 1,790,000. The payment structure is 80/20: 20% is due on booking, 60% is payable during construction across the first to eleventh instalments, and the remaining 20% is due on handover. The project is active and its recorded construction completion is 100%. Construction started on 16 January 2023, and the completion date is 28 February 2026. Handover is stated for the first quarter of 2026.

About Damac Properties

Damac Properties is the developer of Elegance Tower. Founded in 1982, the company has been constructing real estate projects in the Middle East for more than 20 years. Its operations also extend to Saudi Arabia, Jordan, Lebanon, Qatar, Turkey and the United Kingdom. At Elegance Tower, Damac Properties is delivering a residential building in Downtown Dubai with 296 units, one- and two-bedroom apartment layouts, branded interiors and a completion date of 28 February 2026.

Frequent questions

Who is the developer of Elegance Tower?
Elegance Tower is developed by Damac Properties.
Where is Elegance Tower located?
Elegance Tower is in Downtown Dubai on Financial Centre Road. Al Asayel Street is also shown in the project location.
What is the starting price at Elegance Tower?
The starting price is AED 1,790,000.
When is Elegance Tower due for handover?
Handover is stated for the first quarter of 2026. The recorded completion date is 28 February 2026.
What is the Elegance Tower payment plan?
The payment plan is 80/20: 20% on booking, 60% during construction and 20% on handover.
What is the construction status of Elegance Tower?
Elegance Tower is complete per the DLD register. Its recorded completion ratio is 100%.
What apartment types are available at Elegance Tower?
The project offers one-bedroom and two-bedroom apartments. Listed layouts range from 814.94 to 1,379.61 square feet.
What amenities does Elegance Tower offer?
Facilities include a swimming pool, sun bed zone, pool bar, lagoons, gym, kids play area, grand lobby and bar.
What is near Elegance Tower?
Cinema City at Address Dubai Mall is 0.3 km away and Kidzania is 0.4 km away. Dubai Ice Rink and PVRK are each 0.5 km away.
How can I buy an apartment in Elegance Tower?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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How to cite:Elegance Tower — Continental Club Property, from Dubai Land Department registry and developer data, 2026-09-03, https://continentalclub.ae/project/elegance-tower-downtown-dubai/