Elegance Tower Property Development By Damac Properties
Last Updated on: 2nd November 2024, 06:16 am
Elegance Tower, a magnificent 26-storey residential complex by DAMAC Properties, is positioned in the bustling heart of Downtown Dubai. This remarkable offering in luxury real estate perfectly amalgamates modern architecture with elegant finishes, providing residents with striking views of notable landmarks such as the Burj Khalifa and the Dubai Fountain. The thoughtfully designed one- and two-bedroom apartments range from AED 1,790,000 to AED 2,340,000, catering to varying tastes and lifestyles within this vibrant urban environment. This property not only boasts high-end amenities but is also scheduled for completion in Q1-2026, presenting a significant investment opportunity for savvy buyers in one of Dubai’s most desirable locales.
Key Takeaways
- Elegance Tower offers stunning views of iconic Dubai landmarks.
- The building combines modern architecture with luxurious living spaces.
- Prices for apartments range from AED 1,790,000 to AED 2,340,000.
- Scheduled completion is set for Q1-2026, ensuring timely investment returns.
- Residents will enjoy exclusive amenities and a vibrant lifestyle.
Introduction to Elegance Tower
The Elegance Tower stands as a prestigious project initiated by Damac Properties, a top developer known for shaping the skyline of Dubai with its high-rise developments. This contemporary residential tower not only exemplifies modern architectural aesthetics but also provides an exclusive living experience for its residents. Positioned conveniently in Downtown Dubai, it situates itself near essential landmarks and bustling city life.
Overview
This striking high-rise development features a variety of stylish one and two-bedroom apartments designed to embody urban sophistication and modern luxury. With amenities that ensure residents enjoy leisure and convenience, Elegance Tower becomes a landmark of comfort and ease. The project includes flexible payment plans that make it accessible, allowing prospective homeowners the opportunity to invest with down payments as low as 30% and plans extending over three years1.
Key Highlights
- Height: 130 m / 427 ft
- Total Floors: 27
- Completion Year: 2016
- Luxurious apartments featuring high-speed elevators, a plaza, and spa facilities1.
- Designed for varied living arrangements with options like one-bedroom apartments and commercial shops1.
- Proximity to major dining, fashion, and entertainment venues enhances the living experience2.
- Investment potential boosted by increasing demand for rental properties in the area1.
Elegance Tower promises to be a beacon of luxury living, set against the backdrop of Dubai’s vibrant cityscape, and caters to those seeking to elevate their lifestyle in one of the world’s most dynamic metropolitan areas.
Location Advantages of Elegance Tower
The Elegance Tower takes pride in its strategic positioning within Downtown Dubai, making it a remarkable selection for those seeking a luxurious living experience. This prime location places residents just a short distance from iconic attractions such as the Burj Khalifa and Dubai Mall, where world-class shopping, gourmet restaurants, and vibrant nightlife await. As a leading investment opportunity, the Essence Tower stands out with its combination of modern amenities and accessibility, enhancing the appeal for both residents and investors alike.
Connectivity and Accessibility
Elegance Tower offers seamless connectivity through the Sheikh Zayed Road, allowing residents to commute effortlessly to various parts of Dubai. Its proximity to prominent business hubs and leisure destinations is further complemented by quick access to Dubai International Airport, just 13 minutes away. With the average return on investment for a 1-bedroom apartment estimated at 6.7%, this development also features attractive payment plans: 20% on booking, 60% during construction, and the remainder post-handover, which increases its desirability as an investment opportunity34.
Not only does Elegance Tower boast upscale amenities such as a swimming pool, outdoor gym, and landscaped gardens, but it also places residents at the center of cultural festivities and entertainment events, including the National Day Parade. The 26-story residential complex, which includes luxury one and two-bedroom apartments ranging from 740 to 1,065 square feet, promises a vibrant lifestyle in a dynamic urban setting, ideal for those looking to make Dubai their home34.