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DAMAC Properties · Downtown Dubai
Elegance Tower
Zuhair Murad-styled residential tower by DAMAC in Downtown Dubai, from about AED 1.79M, handover 2026.
Starting price
AED 1.79M
Handover
Q4 2026
Status
Under construction
Payment plan
80/20
About MRKYour advisor
MRK Real Estate Brokers
MRK Real Estate Brokers was founded with a clear mission: to provide premium, transparent and results-driven real estate services across Dubai. We combine deep market expertise with genuine care for every client.
Whether you are a first-time buyer, a seasoned investor, a tenant seeking the perfect home or a landlord looking for professional property management, our dedicated team is here to deliver exceptional results.
Licensed by the Dubai Real Estate Regulatory Agency (RERA), we operate with the highest standards of professionalism and integrity, with a portfolio spanning Dubai’s most prestigious communities.
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The projectDowntown Dubai
Elegance Tower
Elegance Tower is a DAMAC residence in Downtown Dubai with interiors by couturier Zuhair Murad, overlooking the Dubai Canal.
Starting prices are cited from about AED 1.79M, with other sources quoting AED 2.24M, on an 80/20 plan.
Handover is cited between Q1 and Q4 2026; a 2023 developer release described it as under construction.
Key facts
| Developer | DAMAC Properties |
| Community | Downtown Dubai |
| Status | Under construction |
| Handover | Q4 2026 |
| Starting price | AED 1.79M |
| Unit types | 1 Bedroom, 2 Bedroom, 3 Bedroom |
| Payment plan | 80/20 |
| Ownership | Freehold — open to all nationalities |
Why Elegance Tower
mrk.aeInvestmentPricing & payment
Investment overview
Unit types
1 Bedroom · 2 Bedroom · 3 Bedroom
Payment plan
80/20 — 20% on booking, 60% during construction, 20% on handover
Worked example
On AED 1.79M
| 20% · Booking | AED 358K |
| 60% · Construction | AED 1.07M |
| 20% · Handover | AED 358K |
| DLD fee (4%) | AED 72K |
Units of AED 2M or more qualify for the 10-year UAE Golden Visa (subject to ICP rules).
Arrange your private consultation
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MRK Real Estate Brokers · RERA ORN 17024. This presentation is prepared by MRK for marketing purposes from published sources and is subject to change without notice. Images © DAMAC Properties; MRK watermark applied. Prices, payment plans, specifications and handover dates must be confirmed with MRK before purchase. This document does not constitute an offer or contract.