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Elegance Tower by Damac Properties is the world's first residential complex designed by Lebanese designer Zuhair Murad. The project is a 26-storey tower with 1-2 bedroom apartments, which is located in Downtown Dubai. The project is expected to be commissioned at the end of 2026, but investors can book residential units with an initial payment of 20%.
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About Elegance Tower
Elegance Tower consists of 26 floors and a podium with a picturesque swimming pool and lounge areas for residents.
The upper 3 floors of the complex will be equipped with ultra-luxury apartments with drop-down beds built into the ceiling.
A distinctive feature of the apartments in Elegance Tower will be a "secret" door, which is designed as a decorative shelf in the living room and provides access to the main bedroom.
Modern interiors in white and gold colours will reflect the elegance and splendour of the exquisite residences in Elegance Tower.
Comfortable living conditions in Elegance Tower
The Elegance Tower residential complex is the perfect combination of comfortable living conditions, favourable location and aesthetic features.
Residents will have such first-class amenities as:
- a fitness room;
- a spa-centre;
- a swimming pool and water attractions;
- covered parking spaces;
- high-speed elevators;
- central air conditioning;
- a security system, round-the-clock video surveillance and service personnel;
- children's playgrounds;
- a landscaped area.
In addition, the owners of real estate in Elegance Tower will have access to a variety of amenities, including grocery stores, pharmacies, medical centres and much more.
Key investment drivers
Elegance Tower offers profitable investment solutions:
- Purchasing apartments on the entire floor to create the space on your own. For example, you can use your property as your home, and rent out the rest of the housing.
- Creating a half/full floor penthouse to take care of your comfort and privacy in the centre of Dubai.
Real estate in Downtown Dubai is in high demand among entrepreneurs and tourists, and at the end of 2022, the annual rental cost of 1-bedroom apartments was AED 80,000 ($21,800) with a ROI of 6.9%.
By investing in ready-to-move real estate in Dubai from AED 750,000 ($205,000), the buyer can apply for a 3-year resident visa. If the investment amount exceeds AED 2 million ($545,000), the investor can apply for a "Golden Visa" for 10 years.
Damac Properties presents the prestigious Elegance Tower residential complex as a project with various apartment options, giving everyone the opportunity to choose their dream home among beautifully designed residences with world-class amenities.
