Development of the Month: Elegance Tower
Rounding off our Development of the Month series for 2022 is DAMAC Properties’ Elegance Tower. The chosen December entry will be located in Downtown Dubai offering 1 and 2-bed apartments and a host of amenities, including a gymnasium, spa, jacuzzi and more.
Let’s look at this residential building which is expected to be completed by Q4, 2026.
ABOUT DAMAC ELEGANCE TOWER
The 1 and 2-bed flats in Elegance Tower will offer luxurious living with high-end finishing and plush rooms. The 26-storey building is co-designed by fashion icon Zuhair Murad. Hence, you can expect interiors boasting style, elegance and sophistication.
Given that this is a project of DAMAC Properties, one of the leading developers in the region, you can be sure that they will deliver on their promises. Whether you are looking for a place to call home or searching for an investment opportunity, Elegance Tower could be a shrewd acquisition.
LIFE IN ELEGANCE TOWER
The location of Elegance Towers is one of its USPs. Living in Downtown Dubai has many perks. From globally famous entertainment avenues to top-of-the-line fashion brands and restaurants, it offers the best of Dubai.
Talking about apartments, you can opt for a 1-bed flat with covered areas ranging from 738 sq. ft. to 850 sq. ft. These units have a living/dining area, two bathrooms, a kitchen and a balcony. Alternatively, 2-bed apartments have a covered area of 1,065 sq. ft. to 1,546 sq. ft. These units will have three bathrooms, a living/dining area, a kitchen and a balcony. The covered parking area will ensure that the resident’s vehicles remain safe. Moreover, Sheikh Zayed Road (E11) is a 5-minute drive from the building, making commuting to the rest of the emirate easy.
Elegance Tower residents will have multiple public transport options at their disposal. Dubai Fountain Street Bus Stop 1 is located within a short distance, as is the Burj Khalifa/Dubai Mall Metro Station. Dubai Opera, Dubai Mall, Burj Khalifa and other attractions are nearby. Another advantage of living here would be quick access to the top restaurants in Downtown Dubai. Similarly, for groceries, you can head to Choithrams, Carrefour Market and Al Maya Supermarket, all located within a 5 to 10-minute drive.
Most importantly, those living in Elegance Tower will enjoy the breathtaking views of Burj Khalifa and Dubai Canal. What more can one ask for?
FACILITIES AT ELEGANCE TOWER DAMAC PROPERTIES
The grand lobby of Elegance Tower Downtown Dubai will display the genius of Zubair Murad. An awe-inspiring mix of crystals, mirrors and displays would undoubtedly make an impression on all visitors. Moreover, there will be multiple high-speed elevators in Elegance Tower Downtown Dubai.
In terms of amenities, the project will match up with most properties in the area. Elegance Tower’s fully equipped gym would be useful if you enjoy working out. After a long day at work, you can relax in the spa parlour or the jacuzzi. Another way to burn calories would be to swim in the tower’s pool. Residents will also be able to sunbathe, enjoy live music by DJ and spend time in the recreation zone.
ABOUT THE DEVELOPER
DAMAC Properties has been a major player in the real estate market for many decades. With stunning developments across different continents in countries like the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Maldives, Canada and the United Kingdom, DAMAC Properties has delivered over 42,000 homes. Currently, it has more than 28,000 under-construction projects.
ELEGANCE TOWER DAMAC PROPERTIES PAYMENT PLAN
Considering buying an apartment in Elegance Tower? Here’s a look at the payment plan for the project.
Milestone | Payment Percentage |
|---|---|
Milestone On Booking Date / Immediate | Payment Percentage 20% |
Milestone Within 12 months from booking date (5% Quarterly) | Payment Percentage 20% |
Milestone Within 33 months from booking date (4% Quarterly) | Payment Percentage 28% |
Milestone Within 36 months from booking date | Payment Percentage 3% |
Milestone On 70% Completion | Payment Percentage 3% |
Milestone On 80% Completion | Payment Percentage 3% |
Milestone On 90% Completion | Payment Percentage 3% |
Milestone On Completion | Payment Percentage 20% |
FAQS ABOUT ELEGANCE TOWER DAMAC AND MORE
WHAT APARTMENT TYPES ARE AVAILABLE FOR BOOKING IN ELEGANCE TOWER?
Elegance Tower offers 1 and 2-bedroom apartments to interested buyers and investors.
WHEN WILL DAMAC ELEGANCE TOWER BE COMPLETED?
The tentative completion date is Q4, 2026.
HOW CAN I LEARN MORE ABOUT THE PROJECT?
Visit the official DAMAC Properties website for further details about the project. You can also register your interest via the official website to contact the management.
DOWNTOWN DUBAI VS DUBAI MARINA, WHICH IS THE BETTER OPTION?
Dubai Marina and Downtown are two of Dubai’s busiest and trendiest residential neighbourhoods. Each has got its fair share of pros and cons. Check out this Dubai Marina vs Downtown Dubai guide, which sheds light on life in both areas.
That brings an end to our look at the upcoming Elegance Tower. All the indicators about the property point towards this being a successful project. Elegance Tower Downtown Dubai could be a fruitful long-term investment if you are interested in buying a property in Dubai.
If you want to expand your investment portfolio further, check out popular Downtown Dubai buildings to buy apartments.
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Featured image credit: DAMAC Properties
