Chic Tower
Luxury wellness-inspired residences in Business Bay with de Grisogono interiors, offering studios, lofts, and 1 and 2 bedroom apartments overlooking the Dubai Canal.
Starting from
AED 823,000
Chic Tower is an off-plan development by DAMAC Properties in Business Bay, Dubai. Prices start from AED 823,000 with a 20/80 payment plan. Handover is expected 2026, 5 unit types are available.
Updated Oct 2026 · Peak Trust Global Real Estate
Project Highlights
- Bedrooms
- Studios to 2 BR
- Area Range
- 358 to 1624 sqft
- Payment Plan
- 20/80
- Handover
- Q2 2026
- Status
- Off Plan
- Developer
- Damac Properties
Market Intelligence
Data-driven investment insights for Chic Tower
Off-plan sales in Business Bay: 10,783 deals in 2023 to 15,281 in 2025, on pace for ≈8,964 in 2026. Prices in Business Bay have risen a steady 37% over the last 5 years. Chic Tower is selling 10–16% below the area average per sqft, making it a value entry into Business Bay.
15,281
Buyer demand
Peak-year area deals
+37%
Area price trend
Off-plan AED/sqft · 5-yr
AED 2,497
Price / sqft
Asking · 1 BR
222
Developer projects
DAMAC · #3 by sales
467
Total units
Off-plan registrations
Buyer Demand
Off-plan transactions per year · area
Off-plan sales in Business Bay: 10,783 deals in 2023 to 15,281 in 2025, on pace for ≈8,964 in 2026.
Solid = deals registered so far; outline = projected full-year from the year-to-date pace. Recent deals take a few weeks to appear in official records, so the current count is a conservative estimate.
Price Momentum
+37% · 5-yrOff-plan price per sqft (AED) · area
Prices in Business Bay have risen a steady 37% over the last 5 years.
Price Positioning
Median sold price by unit type (AED / sqft) · project vs wider area
Chic Tower is selling 10–16% below the area average per sqft, making it a value entry into Business Bay.
Developer Strength
DAMAC PROPERTIES GROUP
222
Total projects
66
Active now
A top-3 Dubai developer by sales volume, #3 by project count (of 823+): 118 delivered, 66 active.
Investor Snapshot
FreeFactual figures for serious investors: comparable sales, rental income & market structure.
Gross rental yield
District 1BR · indicative
Off-plan share
Area sales · recent
Booking capital
50% during construction
Recent Comparable Sales
| Date | Type | Sqft | AED/sqft | Price |
|---|---|---|---|---|
Source: official records · area
Rental Income Potential
Payment schedule (50 / 50)
Rents: registered Ejari contracts. Payment: from-price basis.
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Market data: Chic TowerKey figures for Chic Tower in Business Bay from official transaction records. Updated Jul 2026.View source data
| Area price growth (5-yr) | +37% |
|---|---|
| Sold price / sqft (1-bed) | AED 2,102 |
| Area average price / sqft | AED 2,238 |
| Asking price / sqft (1-bed) | AED 2,497 |
| Total units (off-plan reg.) | 467 |
| Total projects | 222 |
|---|---|
| Delivered | 118 |
| Active / under construction | 66 |
| Rank by sales volume (Dubai) | #3 of 823 |
| Rank by projects (Dubai) | #3 of 823 |
| Year | AED / sqft |
|---|---|
| 2021 | AED 1,635 |
| 2022 | AED 1,783 |
| 2023 | AED 1,828 |
| 2024 | AED 2,143 |
| 2025 | AED 2,238 |
| Year | Transactions |
|---|---|
| 2023 | 10,783 |
| 2024 | 12,965 |
| 2025 | 15,281 |
Data computed by Peak Trust Analytics · Dubai market data powered by the Dubai Land Department (DLD) · Updated Jul 2026. Proprietary — not to be reused or redistributed without authorization. Not investment advice.
About Chic Tower – Business Bay, Dubai, UAE
Contact Peak Trust for Chic Tower
Phone
+971 50 226 0017Office Hours
Monday to Saturday, 10am to 11pm. Sunday closed.
Office Location
Office No. 903, Al Moosa Tower 2, 1503 Sheikh Zayed Road, Trade Centre First, Dubai, UAE
Peak Trust Global Real Estate is UAE's leading property consultancy. Contact our expert team for detailed information about Chic Tower, schedule viewings, and get assistance with financing options. Call us at +971 50 226 0017 or email [email protected].
Real Estate Agent | UAE | English, Arabic
Amenities & Features
Available Unit Types
Studio
Studio units with multiple balcony configurations across the tower.
Starting from
AED 823,000
Studio Loft
Large studio loft layout available on podium levels with canal views.
1 Bedroom Apartment
One bedroom apartments with spacious balconies and de Grisogono interiors.
Starting from
AED 1,503,000
1 Bedroom Loft
Duplex loft residences offering enhanced space and elevated views.
2 Bedroom Apartment
Two bedroom units with generous layouts and canal-facing balconies.
Starting from
AED 2,739,000
| Unit Type | Bedrooms | Area Details | Starting Price | Action |
|---|---|---|---|---|
Studio | Studio | 358-449 sqft | AED 823,000 | |
Studio Loft | Studio | 1,433-1,624 sqft | — | |
1 Bedroom Apartment | 1 | 602-752 sqft | AED 1,503,000 | |
1 Bedroom Loft | 1 | 1,433-1,624 sqft | — | |
2 Bedroom Apartment | 2 | 1,006-1,300 sqft | AED 2,739,000 |
Payment Plan
20/80
- 20%
Deposit
Immediate
Immediate deposit after agreement
- 5%
1st Installment
3 months
Within 3 months of sale date
- 5%
2nd Installment
6 months
Within 6 months of sale date
- 5%
3rd Installment
9 months
Within 9 months of sale date
- 5%
4th Installment
12 months
Within 12 months of sale date
- 4%
5th Installment
15 months
Within 15 months of sale date
- 4%
6th Installment
18 months
Within 18 months of sale date
- 4%
7th Installment
21 months
Within 21 months of sale date
- 4%
8th Installment
24 months
Within 24 months of sale date
- 4%
9th Installment
27 months
Within 27 months of sale date
- 4%
10th Installment
30 months
Within 30 months of sale date
- 4%
11th Installment
33 months
Within 33 months of sale date
- 4%
12th Installment
36 months
Within 36 months of sale date
- 4%
13th Installment
39 months
Within 39 months of sale date
- 1%
14th Installment
70 percent completion
On 70 percent completion milestone
- 1%
15th Installment
80 percent completion
On 80 percent completion milestone
- 1%
16th Installment
90 percent completion
On 90 percent completion milestone
- 1%
17th Installment
95 percent completion
On 95 percent completion milestone
- 20%
18th Installment
Completion
On completion of the project
Gallery
Developer Profile - DAMAC Properties
Learn more
Location
Frequently Asked Questions
Chic Tower offers a 20/80 payment plan, starting with a 20 percent immediate deposit followed by instalments every 3 months and final payment on completion.
The expected handover for Chic Tower is scheduled for Q2 2026.
Available units include studios, studio lofts, 1 bedroom apartments, 1 bedroom lofts, and 2 bedroom apartments.
Chic Tower is located in Business Bay, directly on the Dubai Canal and near Downtown Dubai.
Amenities include swimming pools, a lazy river, fitness facilities, beauty bar, outdoor spa, juice bar, cabanas, landscaped areas, and children's play zones.
Prices at Chic Tower start from AED 823,000, in Business Bay, Dubai. Contact Peak Trust for the latest availability and full price list.
Chic Tower is developed by DAMAC Properties.
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