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Chic Tower in Business Bay, Dubai

Business Bay
Starting FromAED 1.11M
Type
apartment
Bedrooms
1 - 4
Completion
2026

Refined Canal-Side Living in Business Bay

Chic Tower is a signature residential development by DAMAC Properties, set along the Dubai Canal in the heart of Business Bay. Rising in a striking G+5P+36+R configuration, the tower combines a grand ground level, five podium floors, 36 residential floors and an elegant rooftop. Its architectural identity and interiors are created in collaboration with de Grisogono, introducing a distinctive sense of glamour, sophistication and contemporary refinement.

Designed for discerning residents and forward-looking investors, Chic Tower offers apartments with a variety of bedroom configurations, making it suitable for personal living, executive use or a flexible rental strategy. Prices start from AED 1,115,000, presenting an attractive entry point into one of Dubai’s most dynamic mixed-use districts.

A Strategic Dubai Investment Address

Business Bay places residents close to Downtown Dubai, the Burj Khalifa, Dubai Mall and the city’s leading business and entertainment destinations. The canal-side setting adds a relaxed waterfront atmosphere, while excellent road connectivity links the project with Sheikh Zayed Road, Dubai International Airport and key neighbourhoods across the emirate.

With handover scheduled for 31 December 2026, Chic Tower offers investors the opportunity to secure a premium Dubai address during the development phase and plan ahead for future occupancy or leasing. The DAMAC brand, designer collaboration and central location further support the project’s appeal in Dubai’s competitive residential market.

Location

Business Bay

About the Developer

DAMAC Properties

DAMAC Properties

DAMAC Properties has been at the forefront of the Middle Easts luxury real estate market since 2002, delivering over 43,000 homes across the region. Known for bold designs and premium partnerships with fashion houses like Versace, Fendi, and Cavalli, DAMAC creates distinctive living spaces that stand apart.

View all projects by DAMAC Properties

Frequently Asked Questions

Chic Tower combines a central Business Bay location, canal-side setting, DAMAC development expertise and de Grisogono design, supporting its appeal for resale and rental investment. Actual returns depend on the unit, market conditions and management strategy.
Residents benefit from a refined waterfront address close to dining, retail, entertainment and business destinations. The designer-led architecture and range of apartment configurations support both sophisticated urban living and flexible accommodation needs.
The project is located in Business Bay near Downtown Dubai, Dubai Mall and the Burj Khalifa, with convenient access to major roads including Sheikh Zayed Road. Dubai International Airport and other key districts are also readily accessible.
Prices start from AED 1,115,000, subject to availability and the selected apartment. Handover is scheduled for 31 December 2026. Buyers should confirm the current payment plan and contractual terms with the authorised sales team.

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Property Details

Property PriceAED 1,100,000
Down Payment20%
Annual RentAED 65,000
Surface Area (sqft)800 sqft
Service Charges (AED/sqft)15 AED/sqft

Investment Parameters

Appreciation Rate5% / year
Holding Period5 years
Mortgage Rate5%
Loan Term25 years

ROI Projections

Investment

AED 220,000

Future Value

AED 1,403,910

Capital Gain

+AED 303,910

Annual Cash Flow

-AED 8,733

Total ROI (5 years)

118.3%

16.9% annualized

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