Developer: Damac Properties · Downtown Dubai
Elegance Tower is a residential project by Damac Properties in Downtown Dubai, Dubai, with prices from AED 1 790 000, handover Q1 2026, construction 86.2% complete per the DLD registry, 296 units.
| Type | Size, sq.ft |
|---|---|
| 1 Bedroom – C | 815 |
| 1 Bedroom – B | 827 |
| 2 Bedroom – A | 1 380 |
| 2 Bedroom – A3 | 1 153 |
The purchase price is split into these stages.
The exact schedule is confirmed in the sale agreement for the selected unit.
Data from the Dubai Land Department project registry (updated 23.08.2026 09:55).
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.
All Dubai construction in the DLD register · Developer: Damac Properties · District: Downtown Dubai
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 30.07.2026 | 2 BR | 99.5 | 2 440 000 |
| 22.07.2026 | 2 BR | 110.0 | 2 917 000 |
| 07.07.2026 | 2 BR | 104.7 | 2 500 058 |
| 16.06.2026 | 1 BR | 75.7 | 2 180 000 |
| 10.06.2026 | 2 BR | 101.5 | 2 438 000 |
| 13.05.2026 | 2 BR | 100.9 | 2 476 000 |
| 17.04.2026 | 1 BR | 71.4 | 2 328 000 |
| 25.03.2026 | 2 BR | 110.0 | 3 136 248 |
| 17.02.2026 | 1 BR | 68.0 | 2 270 000 |
| 28.11.2025 | 1 BR | 17.3 | 1 039 500 |
| 20.10.2025 | 1 BR | 71.3 | 2 316 000 |
| 17.10.2025 | 2 BR | 101.5 | 2 500 000 |
| 24.09.2025 | 2 BR | 99.5 | 2 850 000 |
| 11.08.2025 | 1 BR | 71.4 | 2 300 000 |
| 04.06.2025 | 1 BR | 34.6 | 902 000 |
| 07.05.2025 | 2 BR | 100.9 | 2 850 000 |
| 29.04.2025 | 2 BR | 110.0 | 3 396 000 |
| 24.03.2025 | 2 BR | 110.0 | 2 661 120 |
| 28.02.2025 | 2 BR | 110.0 | 3 045 000 |
| 28.02.2025 | 2 BR | 113.5 | 3 048 710 |
Dubai Land Department transaction registry, updated 2026-08-22. Explore Dubai property transactions →
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.
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 +3% over the same period, so the building matched it.
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| 1 bedroom | 71 | 2 064 000 | 29 070 | 158 |
| 2 bedrooms | 102 | 2 707 650 | 26 546 | 162 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
From 2022 to 2025 — +6% on the price per square metre in this building. The district moved +14% over the same period, so the building lagged the market.
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.
* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
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 active and under construction, with completion recorded at 86.23% and a completion date of 28 February 2026.
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.
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.
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.
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.
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 86.23%. Construction started on 16 January 2023, and the completion date is 28 February 2026. Handover is stated for the first quarter of 2026.
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.
Dubai market as a whole: prices, transactions and trends (DLD data) →
We will send floor plans, the payment plan and available units for this project.
Project data comes from the Dubai Land Department (DLD) registry.
