Project Overview
Chic Tower is a modern development on the Dubai Canal in Business Bay. The façade and interiors are designed in collaboration with de Grisogono, giving the tower elegance and style. It features a ground floor, 5 podium levels, 36 residential floors, and a roof level. Chic Tower offers a high level of comfort and amenities for residents. The development will offer a variety of contemporary studios and 1-4 bedroom apartments with stunning views of the city and water canals. Luxurious finishes and state-of-the-art facilities make the residences at Chic Tower appealing to those who appreciate comfort and style. The Chic Tower complex has been designed to provide a variety of amenities and services for residents. It offers swimming pool, gym, communal lounge areas, car parking, 24-hour security, gardens, playgrounds, exclusive services and panoramic views of Dubai. The complex provides a cosy and comfortable space for upscale living. Due to its location in the Business Bay area, Chic Tower residents will have easy access to all key locations and facilities in the city, including business districts, shopping centres, restaurants and entertainment venues. The largest shopping centre Dubai Mall is 7 minutes away, Dubai International Airport can be reached in 15 minutes and the Burj Al Arab Hotel and the famous Dubai Marina are within a 20-25 minute radius.
Illustrative Rental Scenario
Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.
Pricing and Area Research
Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.
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Official Documents
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Payment Structure
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Developer and Project Facts
DAMAC «Chic Tower» by Damac Properties
Located in Business Bay
Starting from AED 1,115,000
Unit mix includes Studio, 1 BR, 2 BR, 4 BR
Expected handover: Oct 2026
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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