Chic Tower

Key facts

Handover

Q4 2026

Status

Under construction

Construction progress

74%

Property types

Apartments, Duplex

Availability

Available

How Chic Tower compares

Entry here is AED 4.7M, against a median of AED 2.7M across the 42 priced projects in Business Bay, which puts it above 31 of them and below 10. The plan opens at 20% down, against a Dubai median of 20%, in line with the market. Handover lands in Q4 2026, alongside 152 other projects completing in the same quarter. DAMAC has 42 projects in our catalogue, 10 of them in Business Bay.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• State-Of-The-Art Gymnasiums
• Cabanas
• Baths And Pools
• 180-Meter Long Lazy River
• Spas
• Football Arenas
• Party Zones

Location

Chic Tower sits in Business Bay.

Master plan

The developer’s own site plan for Chic Tower, showing how the buildings, roads and open space sit together.

What you pay, and when

The published schedule splits the price 20% on booking, 20% during construction and 60% at handover. At the AED 4,705,000 entry price, that is AED 941,000 to reserve a unit, AED 941,000 across the build, and AED 2,823,000 due on completion.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 188,000 at this entry price. That 20% booking payment does not go to DAMAC directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 1,743 square feet at AED 4,705,000, which works out at AED 2,700 per square foot. Stated sizes run from 1,743 to 8,316 square feet.

Handover and construction

Handover is scheduled for Q4 2026. Construction was last recorded at 74% complete.

Ownership and residency

The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 1,743 square foot entry unit that is about AED 24,000 to AED 38,000 a year.

Who it suits

The development is Apartments and Duplex in 1 to 4 bedroom layouts. 1 bedroom units start at AED 4,705,000 and 4 bedroom units at AED 27,593,000, so one building covers a first rental purchase and a family home.

What is on site

Chic Tower records state-of-the-art gymnasiums, cabanas, baths and pools, 180-meter long lazy river, spas, football arenas and party zones among its shared facilities. The development is 7 units in total. 2 floor plans are published for it.

Frequently asked