Overview

Property Description

Located in Downtown Dubai, Elegance Tower is the world's first ZUHAIR MURAD-branded building. The high-end 25-storey building was launched by DAMAC Properties in Q4 2022 and offers a collection of designer 1-2 bedroom apartments ranging from 742 sq. ft. to 1,379 sq. ft with one or two balconies. Investors can also purchase complete floor units.. From the comfort of their premium homes, residents can enjoy a stunning view of Za'abeel, the Dubai Canal, and the Burj Khalifa. According to the master plan, the exquisite residences will feature white and gold interiors that evoke the poise and pure luxury of ZUHAIR MURAD. Elegance Tower will feature a "secret" door in all properties, which will be designed to serve as a decorative shelf display in the living room, but will open directly to the luxurious master bedroom, offering homeowners the ultimate in privacy. A second exciting transformation option will be available for the top 3 floors of Elegance Tower, which will belong to the ultra-luxury category. With drop-down beds built into the ceilings, these apartments can be converted into sleeping areas at any time. Elegance Tower's podium level will be a masterpiece as the first side of its expansive pool will host screened entertainment during the day and a recreation zone at night with a DJ. On the other side, meanwhile, there will be a waterborne catwalk connecting two man-made islands. Elegance Tower's starting price for a branded 1-bedroom property is AED 1.79M (USD 487K). The price of a generously-sized full-floor unit is approximately AED 27M (USD 7.35M). *Prices are valid for 2022 One of the most talented designers of the 21st century has designed the ultra-chic interiors of Elegance Tower, so as an occupant you will be able to fully enjoy them. Known for his meticulous attention to detail, the Beirut-based fashion icon; Zuhair Murad has designed stunning pieces for many A-list celebrities, including Beyonce, Jennifer Lopez, and Catherine Zeta Jones, among many others. A full-floor unit is available for purchase at Elegance Tower, which is an attractive investment, since this type of property lets you arrange the space however you like. One apartment can be your private residence, while the remaining apartments can be leased. In the heart of Dubai, you can create a penthouse with half/full floors, where you can experience utmost privacy and comfort. Located in one of Dubai's most coveted neighbourhoods, Elegance Tower will provide easy access to many popular attractions, including Wings of Mexico, Burj Park by Emaar, Souk Al Bahar, The Dubai Mall, Dubai Opera and The Dubai Fountains, all of which are nearby. You can therefore rent out your apartment to tourists on a short-term basis and earn a great deal of money. Daily, weekly, and monthly rental prices in Downtown Dubai start at AED 400 (USD 109), AED 2.8K (USD 762) and AED 8.5K (USD 2.35K). Based on Bayut & dubzzle Dubai Q3 rental property market report 2022, Downtown Dubai was the top-2 most popular area for luxury apartment rentals, so you might want to consider leasing your Elegance Tower apartment long-term. In Q4 2022, a 1-bedroom apartment in this area will cost AED 80K (USD 21,8К), with a gross yield of 6.9%. If you invest at least AED 750K (USD 205K) in ready property in Dubai, you qualify for a 3-year investor visa under the Taskeen Programme. As well, upon completion of Elegance Tower, if the real estate value is at least AED 2M (USD 545K), you'll receive a 10-year Golden Visa.

Features & Amenities

Location