Gallery
Imagery courtesy of DAMAC Properties.
The project
About 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.
Payment
Payment plan
80/20 — 20% on booking, 60% during construction, 20% on handover
At a glance
Elegance Tower 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
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 1.79M. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Elegance Tower
- 01
Shortlist and reserve
Choose a unit type and view at Elegance Tower and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
DAMAC Properties issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q4 2026), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Fashion-house interiors
- Downtown and canal views
- 80/20 plan
What to weigh
- Starting price sources differ
- Handover date needs confirmation
FAQ
Elegance Tower — frequently asked questions
What is the starting price of Elegance Tower?
Published pricing at Elegance Tower starts from AED 1.79M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Elegance Tower?
Elegance Tower is scheduled for handover in Q4 2026. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Elegance Tower?
80/20 — 20% on booking, 60% during construction, 20% on handover
Who is the developer of Elegance Tower?
Elegance Tower is developed by DAMAC Properties in Downtown Dubai, Dubai.
What unit types are available at Elegance Tower?
Elegance Tower offers 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is Elegance Tower located?
Elegance Tower is in Downtown Dubai, Dubai.
Can foreigners buy at Elegance Tower?
Yes. Downtown Dubai is a freehold area, so buyers of any nationality can own property at Elegance Tower outright.
Does buying at Elegance Tower qualify for the UAE Golden Visa?
The entry price of AED 1.79M is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Elegance Tower?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 72K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Elegance Tower?
MRK Real Estate advises on primary purchases and resales at Elegance Tower. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
