Adorning the iconic area of Downtown Dubai, Elegance Tower comes as the first ZUHAIR MURAD-branded development in the world. The high-end 25-storey building was launched by DAMAC Properties in Q4 2022 and offers a collection of designer 1-2 bedroom apartments ranging from 742 sq. ft to 1,379 sq. ft with 1 or 2 balconies. There are also full-floor units available to purchase for interested real estate investors. Prospective residents will be able to enjoy a stunning view of Za’abeel, the Dubai Canal and the stunning Burj Khalifa from the comfort of their premium homes.
Embodying the poise and pure luxury of ZUHAIR MURAD, the exquisite residences will feature white and gold interiors, according to the master plan. Among the exclusive features of Elegance Tower will be a “secret” door in all properties, which will be designed as a decorative shelf display in the living room, but will open directly into the plushly decorated master bedroom, providing homeowners with the utmost privacy.
The top 3 floors of Elegance Tower will belong to the ultra-luxury category, where the units will amaze you with yet another exciting transformation option. These apartments will come with drop-down beds built into the ceilings, enabling you to convert your living space into a sleeping area at any time.
The grand lobby of Elegance Tower will be a stunning masterpiece, thanks to a contrast of black and gold shades, where gorgeous chandeliers will hang from the ceiling to display an aura of refinement and sophistication. There will also be a mesmerizing collection of mirrors, crystals and displays of ZUHAIR MURAD masterpieces. On top of that, occupants of the upscale residential development will be treated to an array of unparalleled leisure and recreational offerings found below:
The podium level of Elegance Tower will be a stunning masterpiece, as the first side of its expansive swimming pool will house screened entertainment during the day and a recreation zone complete with a DJ at night. The other side, meanwhile, will boast an elegant network of waterborne catwalks, connecting one man-made island to the other.
The starting price for a branded 1-bedroom property in Elegance Tower is set at AED 1.79M (USD 487K).
A generously-sized full-floor unit of 11,415 sq. ft can be purchased for approximately AED 27M (USD 7.35M).
Elegance Tower is situated within close proximity to Financial Center Road and Al Asayel Street, providing its potential occupants with swift commutes to/from many key destinations within the center of the emirate, including Dubai International Financial Center (DIFC), Dubai World Trade Center, Nad Al Sheba, Business Bay and Dubai International Airport, just to name a few. All these locations can be reached within less than a 20-minute drive away. It is worth noting that Elegance Tower is nestled not far away from W Residences Dubai – Downtown, which is an ultra-luxury development, with the first standalone residences in the world under the world-renowned W Hotels brand.
There are also many public transport links just a stone’s throw away, such as Dubai Fountain Street 1, Dubai Fountain Street 2 and Empire Heights Towers 1, among others. In addition, about a 30-minute walk away, there is the Burj Khalifa/Dubai Mall Metro Station.
As well as all the above, when living in Elegance Tower, you will have many essential facilities within the vicinity of the building, including grocery stores, pharmacies, medical establishments and more. These are as follows:
Not forgetting that there are multiple fine dining restaurants close by, where one can indulge in sumptuous international and fusion dishes. These venues include Cafe de Paris – French Restaurant | Cafe, Karak House and CZN Burak Dubai, just to name a few.
As a potential occupant of Elegance Tower, you will be able to fully enjoy the ultra-chic interiors by one of the most talented designers of the 21st century. Known for his painstaking attention to details, the Beirut-based fashion icon; Zuhair Murad has created astonishing pieces for many A-list celebrities, including Beyonce, Jennifer Lopez and Catherine Zeta Jones, among many others.
As mentioned earlier, Elegance Tower offers a full-floor unit for purchase, which is a lucrative investment decision, since this property type allows you to arrange the space at your own discretion. For example, you can use one apartment as your own private residence and lease the rest of the residences. Another option is to create a half/full-floor penthouse, where you will be able to enjoy the utmost comfort and privacy in the heart of Dubai.
Thanks to the convenient location of Elegance Tower in one of Dubai’s most coveted neighbourhoods, its residents will be provided with easy access to many popular attractions, such as Wings of Mexico, Burj Park by Emaar, Souk Al Bahar, The Dubai Mall, Dubai Opera and The Dubai Fountains, which are all located right next door. This means that you can rent your apartment out on a short-term basis to tourists and enjoy a lucrative income. The starting rental price in Downtown Dubai is AED 400 (USD 109), AED 2.8K (USD 762) and AED 8.5K (USD 2.35K) daily, weekly and monthly respectively.
You can also consider leasing your Elegance Tower property on a long-term basis, as Downtown Dubai was in the top-2 of the most popular areas for luxury apartment rentals, according to the Bayut & dubizzle Dubai Q3 rental property market report 2022. As of Q4 2022, the starting annual rental cost for a 1-bedroom apartment in this area is AED 80K (USD 21,8К), with a gross yield of 6.9%.
As per the Taskeen Programme, if you invest at least AED 750K (USD 205K) in ready property in Dubai, you become eligible for a 3-year investor visa. At the same time, if the real estate value amounts to a minimum of AED 2M (USD 545K), you can count on a 10-year Golden Visa upon completion of Elegance Tower.
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