DAMAC «Chic Tower»
Off-Plan

DAMAC «Chic Tower»

From AED 1.11M·Handover Oct 2026·15% down payment Payment
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AED 1.11M
Starting Price
Oct 2026
Handover
15% down payment
Payment Plan
Studio · 1 BR
Type

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.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit TypesStudio, 1 BR, 2 BR, 4 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 48,112 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,317
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 72,475 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
DAMAC «Chic Tower» launch basis1,239AED 1.11MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

DAMAC «Chic Tower» — View 2
DAMAC «Chic Tower» — View 3
DAMAC «Chic Tower» — View 4
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DAMAC «Chic Tower» official render 1

DAMAC «Chic Tower» official render 1

DAMAC «Chic Tower» official render 2

DAMAC «Chic Tower» official render 2

DAMAC «Chic Tower» official render 3

DAMAC «Chic Tower» official render 3

DAMAC «Chic Tower» official render 4

DAMAC «Chic Tower» official render 4

DAMAC «Chic Tower» official render 5

DAMAC «Chic Tower» official render 5

DAMAC «Chic Tower» official render 6

DAMAC «Chic Tower» official render 6

DAMAC «Chic Tower» official render 7

DAMAC «Chic Tower» official render 7

DAMAC «Chic Tower» official render 8

DAMAC «Chic Tower» official render 8

DAMAC «Chic Tower» official render 9

DAMAC «Chic Tower» official render 9

DAMAC «Chic Tower» official render 10

DAMAC «Chic Tower» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Flexible Payment

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Floor Plans

DAMAC «Chic Tower» — 1 Bedroom Floor Plan

Amenities & Lifestyle

Accessibility for people with disabilities
BBQ
Central A/C
Children’s pool
Cinema
Concierge Service
Covered Parking
Coworking zone
Dining outlets (coffee houses & restaurants)
Laundry
Pets Allowed
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

DAMAC «Chic Tower» by Damac Properties

02

Located in Business Bay

03

Starting from AED 1,115,000

04

Unit mix includes Studio, 1 BR, 2 BR, 4 BR

05

Expected handover: Oct 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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