DAMAC Elegance Tower
- AVA001153DAMAC Elegance Tower, Business Bay, Dubai, United Arab Emirates
DAMAC Elegance Tower
- AVA001153DAMAC Elegance Tower, Business Bay, Dubai, United Arab Emirates
DAMAC Elegance Tower is a contemporary residential high-rise by DAMAC Properties set in Business Bay, on the edge of Downtown Dubai. The tower delivers 1 and 2 bedroom apartments with elegant, playful interiors, floor-to-ceiling glazing and private balconies, many framing views of the Dubai Water Canal and the Business Bay and Downtown skyline. Residents enjoy a swimming pool, a fitness and health centre, landscaped podium terraces, a sky lounge, a kids' play area, retail at podium level, covered parking, and 24/7 security and concierge. Business Bay places residents minutes from the Dubai Water Canal boardwalk, Downtown Dubai, the Burj Khalifa and Dubai Mall, with direct connectivity via Sheikh Zayed Road and Al Khail Road. Prices are in AED; UAE residential property carries 0% annual property tax, with a 4% DLD fee payable in addition.
Property Details
- Micro-market
- Business Bay
- Configuration
- Apartment
- Property Type
- Apartment
- Status
- Under Construction
Project Timeline
Key milestones for this project, updated as the developer confirms them.
Project announcement
Booking Started
Construction Started
Expected Completion
To be announced soon
Available Properties
Project variants for under-construction developments - unit types, sizes, starting prices and possession dates.
Inventory Type
| Variant | Size | Starting Price | Possession | CTA |
|---|---|---|---|---|
| 1 BHK | - | ₹5.4 Cr | Under Construction | |
| 2 BHK | - | Price on request | Under Construction |
Amenities
Indoor
- Gymnasium / fitness centre
- Health centre
- Sky lounge
Outdoor
- Infinity swimming pool
- Landscaped podium deck and terraces
- Kids' play area
Parking
- Covered parking
Security
- 24/7 security and concierge
Other
- Retail outlets
- Views of Dubai Water Canal and Business Bay skyline
Property Information
- Community: Business Bay, Dubai
- Project Name: DAMAC Elegance Tower
- Listing Price: ₹5.4 Cr
- List Date: Sep 17, 2026
- Listing ID: AVA001153
- Status: Under Construction
- Construction Type: Residential high-rise (1 & 2 bedroom apartments) in Business Bay
- Security: 24/7 security
Legal Information
Indicative legal & tax information based on available documents; verify with your lawyer before transacting.
- RERA Applicable
- Yes
- Occupancy Certificate
- No
- Authority
- Dubai Land Department (RERA)
- Fire NOC
- No
Can you own this, and how?
Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.
I am buying as:
- Status
- Permitted, freehold anywhere in Dubai
- What you actually hold
- You hold freehold title registered with the Dubai Land Department. There is no area restriction on where you may own.
- Key rules and restrictions
- GCC nationals are treated on the same footing as UAE nationals for ownership purposes.
- A company owned wholly by GCC nationals gets the same treatment.
- Some master communities impose their own transfer conditions through the developer.
- Funds and process
- Pay through UAE banking channels. The transfer completes at a Dubai Land Department trustee office where the title deed is issued on the day.
- Taxes
- The Dubai Land Department transfer fee is 4% of the price, split 2% each in law but paid in full by the buyer in most deals, plus a trustee office fee and a title deed issuance fee. There is no annual property tax and no capital gains tax in the UAE.
- Verify before you buy
- Get a title deed copy and check it against the Dubai REST app.
- Ask for the developer no-objection certificate confirming service charges are clear.
Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in the UAE before you commit.
Investment Information
- Type: Off-plan DAMAC apartments (Elegance Tower, Business Bay). 1BR from AED 2,074,634 (CSV; 2BR to 2,680,000 PoR, price_per_sqft PoR). Handover Q1 2026. NOTE: PropertyFinder flags sold_out - listed Available per standing rule, verify. 4% DLD, 0% property tax
- Capital Appreciation: 8%
- Property Tax Jurisdiction: UAE - 0% property tax on residential
About the developer
DAMAC Properties is a Dubai-headquartered residential developer founded in 2002 by Hussain Sajwani, and one of the largest private developers in the UAE. It builds master communities and towers in Dubai and internationally, and is known for fashion-branded residences developed with houses such as Versace and Cavalli. The company was previously listed on the Dubai Financial Market and is now privately held by the Sajwani family.
Location
DAMAC Elegance Tower, Business Bay, Dubai, United Arab Emirates
- Airport: DXB International Airport - 15 km
- Metro: Business Bay Metro Station - 3 km
- Highway: Sheikh Zayed Road
- Hospital: Aster Clinic - 3 km
- Shopping: Bay Avenue Retail District - 3 km
Nearby Attractions
Fine-grained ratings and travel times for popular spots nearby.
| Rating | Attraction | Type | Best Time to Visit | Distance |
|---|---|---|---|---|
| - | Dubai Canal | Waterfront Promenade | Evening | 0 km |
| - | Fountains at Dubai Mall | Leisure Destination | Evening | 1.3 km |
| - | Burj Khalifa | Landmark | Sunset | 1.36 km |
| - | The Dubai Mall | Shopping Mall | - | 1.78 km |
| - | La Perle by Dragone | Theater | Evening | 4.8 km |
Ownership economics
Will this home pay for itself?
1Buy
What you pay to own it.
2Earn
What it brings in as a holiday rental.
3Grow
What it could be worth.
Social Infrastructure
Key education, healthcare, and dining amenities near this property.