I am not into dance music and
I didnt like the song as well so I just couldnt come up with any party-like video...
Eh... I've seen enough of your videos, you're getting too good to have that POV for any professionalism. 
Man up.
Do your homework.
Make the best d@mn dance video you can - even if the subject and song suck donkey ba.... balance sheets.
These practice videos can go a long way later. Maybe.
Try to make 'em good.
The last time I was out clubbing was in 2008 lol...
Braver man than me.
I never went.
Cant stand the atmosphere.
But I do understand it doesn't really fit the song...
Nope.
what about if you turn the sound off... would it look better?
Definitely! A lot!
"Looks like you shot it in 720p" - correct... I wanted to have bit of slow motion so shot if in 60fps
And when your camera shoots at 60fps does it take over control of your manual settings, specifically the aperture? Or does it shoot at 60fps only @ 720p, or less?
If it's an aperture issue, for future reference you might wanna select an overly lit environment to shoot that high frame rate at so that the image sensor has a ton of light on it.
But if it's a 60fps=auto >720p then I guess you're kinda limited by the equipment. Bummer in that case.
"Also, the flatness of the studio images is fine - IF - you're going to lay some overt color grading afterwards. Which you didn't.
This looks non-artistically flat in luminosity" what kind of lay some over color grading do you have in mind? So I'll keep that in mind for the next video.
Hmm... I could rip it and grade it myself as an example, otherwise just screw around with the brightness/contrast/vividness/tint capabilities of your NLE.