- Last listed fromper tanamiproperties.com, 16 Sep 2026
- AED 1.79M≈ $487K
- Buyers paid vs DLD median
- −2%
Price, payment plan and homes
Price per tanamiproperties.com, 16 Sep 2026- Last listed from
- AED 1.79M
- ≈ $487K
- Bedrooms
- 1 bed to 2 bed
- 740 – 1,441 sqft · 296 units
- Payment plan
- 20/60/20
- The plan it was sold on off-plan
- Handover
- Ready
DLD registered sales
- Sold from
- AED 1.84M
- · 8 sales, 12 months
Homes and floor plans
296 homes · Freehold
Payment plan
- 20% down payment
- 60% during construction
- 20% on handover
20% Down Payment (On Booking Date); 60% During Construction (1st to 11th Installment); 20% On Handover (100% Completion)
The plan it was sold on off-plan. It is handed over, so a home bought here now is a resale.
Location · Downtown Dubai · Dubai
The Burj Khalifa and Dubai Mall district, Dubai's central address for branded apartments.
The in-depth review
Why it scores 86
Price per sqft vs registered sales
Dubai Land Department open data · this project as of 2 Oct 2026, the area 4 Oct 2026−2% below what buyers paid nearby
10 all sales, last 12 months
Finished sales, since 1 Jan 2026, 1,189 registered sales in the area
Our estimate from the listed prices and unit sizes
How this is measured
Buyers paid a median of AED 2,570/sqft in this project (all sales, last 12 months, 10 registered sales, as of 2 Oct 2026) against the DLD median of AED 2,619/sqft for apartments in Downtown Dubai, as of 4 Oct 2026. DLD registers every sale in Dubai, and names the project on each. This project's figure is every registered sale, of homes built or not yet built; the area's is sales of finished homes. Asking from AED 2,419/sqft (est.). Source: Dubai Land Department open data.
How the 86 was scored
4 of 5 factors · 80% of the weight · 1 Nov 2026How each factor was measured
Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.
- Price against what buyers actually paid
- 10 registered all sales here, against the median of 1,189 finished sales in Downtown Dubai · DLD
- Growth since launch
- Measured once the building has 10 registered sales in its launch year and 5 resales in the last 12 months
- Developer track record
- Our rating, 20 delivered projects, how its 33 finished buildings resell and who stands behind it
- Location and infrastructure
- Our rating of Downtown Dubai, and 5 kinds of places measured from the pin · OpenStreetMap
- How big the resale market is
- 1,189 resales of finished apartments in Downtown Dubai this year · DLD
Confidence medium: what buyers paid here is a median of 10 registered sales, against 1,189 in the area; 10 is a small sample for one project.
Unchanged since the first scoreScored since 8 Oct 2026 · 0 score changes
Not ranked: the ranking lists only projects still on sale.
The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.
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The full breakdown behind the 86
Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,626 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.
- The 10 registered sales here: date, size and price paid
- The 4 assessed factor scores, with the figure and source behind each
- Damac Properties' DLD record: 17 projects, 0 past their date
- Score history since 8 Oct 2026 and why each move happened
See what buyers paid at Damac Elegance Tower, and everything behind the 86.
- Projects scored
- 1,626
- projects scored
- Factors
- 8
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Ready
Handed over
What this means
Damac Elegance Tower has been handed over: homes here are built and ready to move into, so a purchase is a resale rather than off-plan.
DLD registration status
- Project registration2475
- Escrow account0205776870402
- Developer licenceNot published yet
Where the figures come from
Check it on dubailand.gov.ae. How to read the DLD register.
Figures from tanamiproperties.com, saved 16 Sep 2026. Construction figure from the DLD's project register, 23 Sep 2026. Launch date from the DLD's project register.
About
Damac Elegance Tower is a completed 26-storey apartment tower of 296 homes by Damac Properties in Downtown Dubai, Dubai, with one and two-bedroom apartments from about 740 to 1,441 sq ft.
Read more
The project is registered in Dubai as 2475, escrow account 0205776870402, and the register records it as complete.
- Developer
- Damac Properties
- Area
- Downtown Dubai
- Status
- Ready
- Sales launch
- 16 Jan 2023
- Total units
- 296
- Storeys
- 26
- Ownership
- Freehold
Amenities
- Dining Outlets
- Gymnasium
- Health Care Centre
- Kids Play Area
- Parks and Leisure Areas
- Restaurants
- Supermarket
- Swimming Pool
What’s nearby
straight-line distance- Metro or tram stop510 m
- Supermarket or mall580 m
- Hospital or clinic820 m
- School2.0 km
- Beach2.6 km
The nearest of each on OpenStreetMap, Sep 2026.
Rental yield nearby
gross, apartments5.8% in Downtown Dubai. A median rent of AED 147 per sqft a year on 8,419 new tenancy contracts, last 6 months, against AED 2,513 per sqft paid across 698 finished sales, last 6 months.
Before service charges, fees and empty periods; our arithmetic on Dubai Land Department open data figures, Oct 2026. The working
More in Downtown Dubai
Compare side by sideAll projects in Downtown Dubai
Damac Elegance Tower: questions buyers ask
How much does Damac Elegance Tower cost?
Damac Elegance Tower was last listed from AED 1,790,000 (about $487K) for 1-bedroom and 2-bedroom homes, per tanamiproperties.com on 16 Sep 2026.
What is the price per sqft at Damac Elegance Tower?
Buyers paid a median of AED 2,570 per sqft at Damac Elegance Tower (all sales, last 12 months, 10 registered sales).
When is the Damac Elegance Tower handover date?
Damac Elegance Tower is built and handed over, so a home bought here is ready to occupy rather than off-plan.
What is the Damac Elegance Tower payment plan?
Damac Elegance Tower was sold off-plan on a 20/60/20 plan: 20% on booking, 60% during construction and 20% at handover. It is handed over, so a home bought here now is a resale.
Is Damac Elegance Tower priced above or below what buyers paid nearby?
Buyers paid a median of AED 2,570 per sqft in Damac Elegance Tower (all sales, last 12 months, 10 registered sales), which is 2% below the median of AED 2,619 per sqft that buyers actually paid for apartments in Downtown Dubai, across 1,189 sales registered with DLD.
What is the Rendr Resale Score of Damac Elegance Tower?
Damac Elegance Tower scores 86 of 100 on the Rendr Resale Score, strong, as of 1 Nov 2026; 4 of its 5 factors are assessed, 80% of the weight.
What rental yield do apartments in Downtown Dubai make?
About 5.8% gross for apartments in Downtown Dubai, worked out from DLD's own figures: new tenancy contracts, last 6 months, against finished sales, last 6 months, before service charges and fees.
Who is the developer of Damac Elegance Tower?
Damac Elegance Tower was developed by Damac Properties. It sits in Downtown Dubai, Dubai.
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. Check it at dubailand.gov.ae before you pay.
Changes
Listed 16 Sep 2026 · 2 changes since, last 23 Sep 2026
Status changed to Ready (was Launched)
Source: tanamiproperties.com, saved 16 Sep 2026
Construction 100% complete
Source: the DLD's project register, 23 Sep 2026
Listed on the site
Source: tanamiproperties.com, saved 16 Sep 2026
Still weighing Damac Elegance Tower?
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