Chic Tower
Chic Tower Offered by Buy Dubai Off-Plan
Chic Tower

Chic Tower

by DAMAC in Business Bay View on map Completed

Starting price
AED 823,000
Payment plan
80/20
Handover
Q2 2026

โ‰ˆ โ‚ฌ 198,000

This project was completed in Q2 2026. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 823,000 โ‰ˆ โ‚ฌ 198,000 What will my monthly payments be?
Payment plan 80/20 80% during construction, 20% at handover
Handover Q2 2026 Completed
Bedrooms Studio4
Property type
Apartment, Villa
Floor area
38 to 699 mยฒ
Developer
DAMAC
Location
Business Bay
Project brochure
Free, with no obligation

The Chic Tower brochure

Download the brochure for Damac Chic Tower van Damac Properties in Business Bay for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Chic Tower

  • Luxury apartments with 1 to 4 bedrooms, designed by GRISOGONO

  • Beautifully situated in Business Bay, just 7 minutes from the Burj Khalifa

  • Unique amenities including a 180-metre lazy river and revitalising baths

  • Developed by Damac Properties, a renowned name in Dubai

  • Favourable payment plan: 80% during construction and 20% upon completion

Chic Tower at Business Bay (Dubai): Luxury homes by Damac Properties

Damac Chic Tower is a brand-new residential project in the heart of Business Bay, Dubai, developed by Damac Properties. This project offers a unique blend of luxury and functionality, with apartments ranging from studios to spacious 4-bedroom units. The location is one of the most sought-after areas in Dubai, thanks to its proximity to iconic landmarks such as the Burj Khalifa and The Dubai Mall, both just a 7-minute drive away. The project is designed by the renowned design studio GRISOGONO, which guarantees refined aesthetics and high-quality finishes. Completion is scheduled for the second quarter of 2026, making it an excellent opportunity for investors seeking future returns. With prices starting from AED 823,000, Damac Chic Tower is an accessible option for those looking to invest in Dubaiโ€™s dynamic real estate market.

Properties and Types

Damac Chic Tower offers a diverse range of properties, perfectly tailored to different needs. The smallest units are studios with an area of 38.37 sqm, ideal for singles or young couples. In addition, there are apartments with 1, 2, 3, or 4 bedrooms, with the largest units spanning 698.82 sqm. These spacious apartments are perfect for families or those who desire extra space. All properties feature high-quality materials and modern amenities, designed with an eye for detail by GRISOGONO. The layout of the bedrooms is optimised, with spacious living areas and functional kitchens. The bathrooms are fitted with luxury sanitaryware, and some units even feature private terraces with views of the Dubai skyline. In short, there is something for everyone in this versatile project.

About the developer Damac Properties and the Chic Tower design

Damac Chic Tower is an architectural masterpiece, developed by Damac Properties, one of the leading real estate developers in Dubai. The building combines modern aesthetics with functionality, with a focus on luxury and comfort. One of the most notable amenities is the 180-metre lazy river, where residents can relax and enjoy the outdoors. Additionally, there are revitalising baths, such as salt baths and mud baths, which contribute to a healthy lifestyle. Damac Properties is known for its quality projects and excellent service, making this project particularly attractive to investors. The collaboration with GRISOGONO ensures a unique design that stands out from other projects in the area. With completion in 2026, this is a prime opportunity to invest in a project with a strong reputation.

Prime location in Business Bay (Dubai) near key Dubai destinations

The location of Damac Chic Tower in Business Bay is one of the most prestigious areas in Dubai. The area is known for its vibrant atmosphere and excellent connections to other parts of the city. Just 7 minutes away are the Burj Khalifa and The Dubai Mall, two of Dubaiโ€™s most iconic destinations. Dubai Healthcare City and Ras Al Khor Wildlife Sanctuary are also within a 15-minute drive, perfect for those who enjoy nature and health facilities. The proximity to Dubai International Airport, 16 minutes away, makes the project ideal for international investors. Business Bay itself is a dynamic business district with numerous restaurants, cafes, and shops, ensuring residents have everything within easy reach. In short, the location offers a perfect balance between work, leisure, and lifestyle.

Flexible payment plan for Chic Tower homes

The payment plan for Damac Chic Tower is specifically designed to accommodate investors. Only 80% of the purchase price is required during the construction phase, with the remaining 20% due upon completion. This makes the project financially attractive, as it reduces the pressure on investorsโ€™ liquidity. Prices start from AED 823,000, depending on the property type and size. For international investors, it is important to know that we can guide you through the entire purchase process. We assist with arranging financing, negotiating terms, and handling the administration. The payment plan is transparent and flexible, making it an excellent option for those looking to invest in the future of Dubai.

Amenities

Payment plan for Chic Tower

80%20%
80%
During construction, in instalments
AED 658,400
โ‰ˆ โ‚ฌ 158,000
20%
After handover
AED 164,600
โ‰ˆ โ‚ฌ 40,000

Monthly payments and your own funds

How much do you need for Chic Tower, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 833

โ‰ˆ โ‚ฌ 200 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 658,400โ‰ˆ โ‚ฌ 158,000
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 164,600โ‰ˆ โ‚ฌ 39,500
Purchase costs4% DLD fee and mortgage costs
AED 35,848โ‰ˆ โ‚ฌ 8,600
Total funds required
AED 694,248โ‰ˆ โ‚ฌ 166,600
Request finance guidance for Chic Tower
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Chic Tower

Location

Business Bay, Dubai Burj Khalifa: 07 minutes (car) ยท Dubai Healthcare City: 14 minutes (car)
Open in Google Maps

Travel times from Chic Tower

  • Burj Khalifa: 07 minutes (car)
  • Dubai Healthcare City: 14 minutes (car)
  • Dubai International Airport: 16 minutes (car)
  • Ras Al Khor Wildlife Sanctuary: 15 minutes (car)
  • The Dubai Mall: 07 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.