Downtown Dubai · Dubai
Damac Elegance Tower
From
AED 1,790,000
≈ $487K · AED 2,419/sqft est.
- Price from
- AED 1.79M
- ≈ $487K
- Per sqft
- AED 2,419
- estimated
- Handover
- Q1 2026
- 86.23% built, 16 Sep 2026
- Payment plan
- 20/60/20
About
Damac Elegance Tower is Damac's apartment tower in Downtown Dubai, Dubai, with one and two-bedroom apartments from about 740 to 1,441 sq ft.
Prices start at AED 1,790,000 on a 20% booking, 60% during construction and 20% on handover plan. Handover was listed for the first quarter of 2026, a date now past.
The figures here are the starting price and plan as published for the project. Confirm the price, unit availability and service charge with the developer before committing.
- Damac apartment tower in Downtown Dubai
- One and two-bedroom apartments from 740 sq ft
- 20/60/20 payment plan
- Handover was listed for Q1 2026
- Developer
- Damac Properties
- Area
- Downtown Dubai
- Status
- Launched
- Sales launch
- 16 Jan 2023
- Total units
- 296
- Storeys
- 26
- Ownership
- Freehold
Handover date
Damac Elegance Tower is due to hand over in Q1 2026. Construction is 86.23% complete according to the DLD's project register (16 Sep 2026). Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.
Payment plan
- Down payment
- 20%
- During construction
- 60%
- On handover
- 20%
20% Down Payment (On Booking Date); 60% During Construction (1st to 11th Installment); 20% On Handover (100% Completion)
Unit types
| Type | Bedrooms | Size (sqft) |
|---|---|---|
| Apartment | 1 bed | from 740 |
| Apartment | 2 bed | up to 1,441 |
Rendr score
71of 100 · Good
Ranked #5 of 33 on sale in Dubai →
Based on 6 of 7 factors, 95% of the weight, as of 16 Sep 2026. Our opinion, not investment advice.
Confidence: low — the price figure is our estimate from the starting price and the smallest home, not a registered or stated price.
Every factor, its weight and the data behind it are listed below. The formula is public: how the Rendr score works. A figure you believe is wrong can be checked: write to alexk.dxb02@gmail.com with the source.
How it was scored
Unlock the full breakdown
Every factor, the data behind it, and how the score has changed.
Price per sqft vs registered sales
AED 2,419/sqft (est.)
The DLD median for apartments in Downtown Dubai is AED 3,541/sqft (as of 13 Sep 2026). This project's figure is our estimate from the starting price and the smallest unit, so it is not compared: the gap appears once the register shows this project's own sales or the developer states a price per sqft.
Amenities
- Beach Access
- Dining Outlets
- Gymnasium
- Health Care Centre
- Kids Play Area
- Parks and Leisure Areas
- Restaurants
- Supermarket
- Swimming Pool
Location
The Burj Khalifa and Dubai Mall district, Dubai's central address for branded apartments.
DLD registration status
Damac Elegance Tower is registered with the Dubai Land Department (DLD) under project number 2475. Buyer payments go to escrow account 0205776870402.
- Escrow account
- 0205776870402
- DLD project registration
- 2475
- Developer licence
- Not published yet
- Brochure
- Not published yet
- Figures from
- tanamiproperties.com (tanamiproperties.com/Projects/Damac-Elegance-Tower), saved 2026-09-16
- Last verified
- Not published yet
- Construction figure from
- the DLD's project register, 16 Sep 2026
- Launch date from
- the DLD's project register
An escrow account is a regulated account the developer cannot draw on freely: your payments go in and are released as building progresses. Escrow accounts and project registrations are published by the Dubai Land Department (DLD) on dubailand.gov.ae. Always check them, and pay into the escrow account only, before handing over a deposit. How to read the DLD register.
Changes
Listed on the site
Source: tanamiproperties.com (tanamiproperties.com/Projects/Damac-Elegance-Tower), saved 2026-09-16
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Damac Elegance Tower: questions buyers ask
- How much does Damac Elegance Tower cost?
- Prices at Damac Elegance Tower start from AED 1,790,000 (about $487K) for 1-bedroom and 2-bedroom homes. Asking prices come from the developer and change without notice.
- What is the price per sqft at Damac Elegance Tower?
- The asking price is around AED 2,419 per sqft, our estimate from the starting price and the unit sizes rather than a figure the developer has stated. Per-sqft prices vary by floor, view and finish within one building.
- When is the Damac Elegance Tower handover date?
- Damac Elegance Tower is expected to hand over in Q1 2026. The project is launched, 86.23% built according to the DLD's project register. Handover dates are the developer's own estimate and off-plan projects can move, so confirm the current date in writing before you pay anything.
- What is the Damac Elegance Tower payment plan?
- Damac Elegance Tower is offered on a 20/60/20 plan: 20% on booking, 60% during construction and 20% at handover. Developers change plans between phases, so confirm yours before signing.
- Who is the developer of Damac Elegance Tower?
- Damac Elegance Tower is being developed by Damac Properties. It sits in Downtown Dubai, Dubai. You can see every project by Damac Properties we list, and how their asking prices compare with registered sales, on their page.
- Can foreigners buy at Damac Elegance Tower?
- Damac Elegance Tower is in a freehold area, so buyers of any nationality can own a home here outright rather than on a lease. Dubai sets which zones are freehold; confirm the title type on your own unit's contract before paying.
- Is Damac Elegance Tower registered with DLD?
- Damac Elegance Tower is registered with the Dubai Land Department (DLD) under number 2475. Buyer payments go to escrow account 0205776870402. Every off-plan project must be registered and sell through an escrow account, where the money is released as building progresses. Check both at dubailand.gov.ae before you pay.