DAMAC Elegance Tower

DAMAC Elegance Tower is a premium residential skyscraper developed by DAMAC Properties in Downtown Dubai, co-designed with renowned Lebanese fashion designer Zuhair Murad. The collaboration brings couture-inspired interiors and a distinctive architectural identity to the building. It is one of the few residential towers in Dubai shaped by a globally recognised fashion house.

DAMAC Elegance Tower offers 1-bedroom and 2-bedroom apartments, both featuring panoramic views over Downtown Dubai and the surrounding skyline. Buyers also have the option to purchase a full floor, which suits those seeking exclusivity or a larger footprint. Prices start from AED 2,236,000.

The tower is located in Downtown Dubai, steps away from The Dubai Mall, Burj Khalifa, and the Dubai Fountain. The development has direct access to Financial Center Road, providing strong connectivity to Business Bay, DIFC, and the wider city. Downtown Dubai is consistently ranked among the top two most in-demand areas for premium real estate buyers in the emirate.

The building features a podium-level swimming pool with a sun deck and a landscaped garden — key lifestyle amenities given the urban location. Residents also benefit from proximity to world-class F&B, retail, and entertainment directly outside the building in Downtown Dubai. Additional building facilities are consistent with DAMAC's premium residential standards seen across DAMAC Hills and Cavalli Tower.

DAMAC Elegance Tower is offered on an 80/20 payment plan, meaning buyers pay 80% during the construction period and only 20% upon handover in Q4 2026. This structure keeps a large portion of equity working outside the property until keys are received. It is a buyer-friendly arrangement suited to both end-users and investors managing cash flow.

The scheduled handover for DAMAC Elegance Tower is Q4 2026, giving buyers a clear timeline of approximately two years from purchase to possession. DAMAC Properties has a track record of large-scale delivery across projects including DAMAC Lagoons and DAMAC Hills. The Q4 2026 date aligns with continued strong demand in the Downtown Dubai rental and resale market.

The average rental yield for a 1-bedroom apartment in Downtown Dubai currently stands at approximately 6.7% per annum, making the area one of the stronger performing districts for buy-to-let investors. DAMAC Elegance Tower's Zuhair Murad branding and proximity to the Burj Khalifa corridor further support premium rental pricing. Resale potential is also strong given Downtown's consistent ranking as the second most popular area among high-net-worth buyers in Dubai.

DAMAC Elegance Tower is developed by DAMAC Properties, one of Dubai's largest and most recognised private developers. Their portfolio includes DAMAC Lagoons, DAMAC Hills, and the fashion-branded Cavalli Tower, demonstrating experience across luxury, lifestyle, and designer-led residential projects. The company's scale and track record provide buyers with confidence in construction quality and on-time delivery.