DAMAC "Elegance Tower" payment plan
A worked 24% + 4% DLD + OQOOD 2540 AED / 6% / 6% / 6% / 6% / 10% / 10% / 10% / 2% / 2% / 2% / 20% schedule for DAMAC "Elegance Tower" by DAMAC Properties in Downtown Dubai, using a sample price from AED 2,149,000.
| Stage | When | Share | Amount (sample) |
|---|---|---|---|
| Booking / down payment | On reservation | 10% | AED 214,900 |
| Construction 20% | At 20% completion | 12.5% | AED 268,625 |
| Construction 40% | At 40% completion | 12.5% | AED 268,625 |
| Construction 60% | At 60% completion | 12.5% | AED 268,625 |
| Construction 80% | At 80% completion | 12.5% | AED 268,625 |
| On handover | At handover | 40% | AED 859,600 |
| Total | 100% | AED 2,149,000 | |
Illustrative only — construction milestones are modelled from the headline plan. Exact schedules, fees (DLD 4%, admin) and any post-handover terms are confirmed on consultation. Prices as of 31 Aug 2026.
Frequently asked questions
What is the payment plan for DAMAC "Elegance Tower"?+
DAMAC "Elegance Tower" by DAMAC Properties offers a 24% + 4% DLD + OQOOD 2540 AED / 6% / 6% / 6% / 6% / 10% / 10% / 10% / 2% / 2% / 2% / 20% plan: a booking down payment, installments across construction milestones, and a payment on handover.
How much is the down payment for DAMAC "Elegance Tower"?+
On a sample price of AED 2,149,000, the booking down payment of 10% is approximately AED 214,900.
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