Elegance Tower by Damac: Downtown Dubai Apartments from AED 2.07 Million
Elegance Tower is a residential apartment project by Damac Properties in Downtown Dubai. Construction started in April 2024, with a scheduled handover of March 2026. That date is now in the past. The project is at or near handover, which means a buyer entering today is purchasing close to immediate possession rather than committing to a multi-year build cycle.
What Downtown Dubai Delivers
Downtown Dubai sits at the heart of the city. The Burj Khalifa, Dubai Mall, and Dubai Fountain are all within walking distance. The Burj Khalifa/Dubai Mall Metro station is in the immediate area. Business Bay is directly adjacent to the south, and Dubai International Airport is roughly 20 minutes by car.
Day-to-day, this translates to walkable access to Dubai's largest retail complex, a dense concentration of restaurants, and pedestrian links to the lakefront promenade. For a working professional, Business Bay and the DIFC are within a short commute. The location covers both lifestyle convenience and employment access without needing to be in one of the outer areas.
The address appeals to both end-users who want a central city home and investors who value exposure to one of Dubai's most recognised residential districts.
What AED 2.07M to AED 2.68M Gets You
Prices run from AED 2,074,634 to AED 2,680,000, a spread of about AED 605,000. In a single residential tower, that gap typically reflects floor level and orientation. Units on lower floors or with less prominent outlooks sit at the lower end. Those on higher floors with open city views move toward the top of the range.
The entry point at AED 2.07M is a relatively accessible ticket for a Downtown Dubai apartment. The upper end at AED 2.68M covers buyers who want a more premium position within the building.
Apartments for City Living
The only property type is apartments. That is consistent with the Downtown context and the building's setup. The buyer profile points toward professionals wanting a central base, couples drawn to walkable urban living, and investors focused on Dubai's city core.
18 Amenities, Including Private Pool and Private Gym
| Wellness & Fitness | Lifestyle & Community | Building Services |
|---|---|---|
| Health Club | Restaurants | Security |
| Gymnasium | Children's Play Area | Concierge |
| Private Gym | Barbecue Area | Covered Parking |
| Shared Gym | Pets Allowed | Central A/C |
| Shared Pool | Balcony | Kitchen Appliances |
| Private Pool | Built-in Wardrobes | |
| Shared Spa |
Both a private pool and a shared pool, and both a private gym and a shared gym option. This pairing is not standard for residential towers in this price range. Most buildings offer one level of each, not two. The likely explanation is that higher-floor or premium units carry exclusive access to private facilities, while the rest of the tower uses the shared versions.
The on-site restaurant is an uncommon inclusion in a residential building. With the concierge, shared spa, and covered parking, the amenity set targets residents who want hotel-adjacent services as part of daily life. Pets are allowed, which extends the building's appeal beyond the typical Downtown resident profile.
March 2026 Handover
Construction started in April 2024. The scheduled completion was March 2026, a build of under two years. That date is now past. The project is completing or has completed handover. For a buyer entering at this stage, this is effectively a near-term or immediate possession purchase, not a forward-looking off-plan buy.
Getting In at 20% Down
| Stage | Payment |
|---|---|
| Down Payment | 20% |
| During Construction | 60% |
| Handover | 20% |
The down payment is 20%, the standard Dubai off-plan entry threshold. There is no post-handover payment element. The total price settles across three stages: signing, construction milestones, and handover.
At the AED 2.07M entry price, that is roughly AED 415,000 upfront, AED 1.24M across construction payments, and a final AED 415,000 at handover. With the project past its scheduled completion, construction payments are likely already due in full. Buyers entering now are primarily looking at the handover tranche as the remaining payment.