Elegance Tower

P2b — Under Construction Off-Plan Primary
Developer Damac Properties
Community Downtown Dubai
Property type Apartment
Data updated Feb 17, 2026

Elegance Tower is a Under Construction development by Damac Properties in Downtown Dubai. 296 units across 2 Bedroom (51%), 1 Bedroom (49%). Over the trailing 12 months, 310 sales at a median of AED 2,316,000.

Key Metrics
Median Price
Value
AED 2,316,000
Change
13.0% YoY
Transactions
Value
310
Change
7 in period
Price / sqft
Value
AED 2,869
Handover Status
Value
P2b
Change
Under Construction
Median Price
AED 2,316,000
↓ 13.0% YoY
Transactions
310
↑ 7 in period
Price / sqft
AED 2,869
Handover
P2b
Under Construction
Investment Analytics
Capital Return
Value
6.2%
Community avg
Holding Period
Value
5.2 yrs
Community avg
Ready Market Mix
Value
0.0%
Community avg
Capital Return
6.2%
Community avg
Holding Period
5.2 yrs
Community avg
Ready Market Mix
0.0%
Community avg

Rental Performance

Unit Mix

By bedroom type
1 Bedroom 146 units · 49%
2 Bedroom 150 units · 51%

Transaction Breakdown

All time — 310 transactions
Off-Plan Primary
296
Off-Plan Secondary
14

Price History

Median Price — Elegance Tower

Median prices in Elegance Tower have declined significantly, down 33% to AED 2.3M over the past 6 months.

Recent Transactions

Showing last 10 of 310
Date Type Price (AED) Size (sqft) AED/sqft
Feb 17, 2026 OP Secondary 2,270,000 731 3,103
Nov 27, 2025 OP Secondary 1,039,500 185 5,591
Oct 20, 2025 OP Secondary 2,316,000 767 3,018
Oct 17, 2025 OP Secondary 2,500,000 1,092 2,288
Jun 04, 2025 OP Secondary 902,000 371 2,425
May 07, 2025 OP Secondary 2,850,000 1,086 2,624
Apr 28, 2025 OP Primary 3,396,000 1,183 2,869
Mar 24, 2025 OP Primary 2,661,120 1,183 2,248
Feb 27, 2025 OP Primary 3,045,000 1,183 2,572
Feb 27, 2025 OP Primary 3,230,100 1,183 2,729

This project is in Downtown Dubai

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