Elegance Tower – new launch in Dubai

The luxury real estate developer; DAMAC Properties presents its exciting residential development – Elegance Tower. Located in the bustling area of Downtown Dubai, the upscale tower offers a collection of exquisitely designed 1 and 2-bedroom apartments at the starting price of AED 1.79M (USD 487K). There is also an attractive opportunity to acquire a full-floor unit, which you can transform into a colossal private residence or use as a commercial asset, for an estimated AED 27M (USD 7.35M). DAMAC Properties offers a flexible 3.5 year payment plan following an 80/20 scheme to prospective real estate buyers.

When residing in Elegance Tower, you will be able to take advantage of easy access to award-winning F&B outlets, iconic Dubai landmarks, branded 5-star hotels, premium business facilities and much more. Thanks to the excellent infrastructure, it is no wonder that this neighbourhood is leading in terms of upscale apartment rentals, according to the Bayut & dubizzle’s Dubai rental market report for Q3 2022. That being said, the average yearly rental price for a 1-bedroom apartment here amounts to AED 114K (USD 31K), with a whopping ROI of 6.2%, which guarantees a lucrative income if you choose to let your property out upon the completion of Elegance Tower.

Elegance Tower follows the highly successful launch of Chic Tower in the dynamic district of Business Bay. Developed in collaboration with de GRISOGONO, this wellness-focused development features an array of sophisticated studios and 1-2 bedroom apartments with privileged access to a lazy river, a callisthenics-oriented gym, a Youth Fountain and other innovative amenities.