Gallery
Imagery courtesy of DAMAC Properties.
The project
About Chic Tower
Chic Tower is a DAMAC residential tower in Business Bay offering studios through two-bedroom apartments from AED 823,000, with handover scheduled for Q2 2026 — making it one of the nearest-term deliveries in DAMAC's current line-up.
Business Bay remains one of Dubai's most liquid apartment markets: central, well-connected, and with consistent tenant demand from professionals working in and around DIFC and Downtown. That liquidity is the main argument for the location over higher-yielding but less established districts.
The counterpoint is supply. Business Bay has a substantial delivery pipeline, and studios and one-bedrooms are the most heavily supplied segment. Check comparable achieved rents in neighbouring towers rather than relying on projected yields.
At a glance
Chic Tower key facts
- Developer
- DAMAC Properties
- Community
- Business Bay
- Status
- Handover soon
- Handover
- Q2 2026
- Starting price
- AED 823K
- Unit types
- Studio, 1 Bedroom, 2 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Chic Tower
- 01
Agree the price
Agree terms with the seller of a unit at Chic Tower, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
DAMAC Properties issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Near-term handover in Q2 2026
- Central Business Bay location with strong rental liquidity
- Entry pricing from AED 823K
- Walkable to Downtown and DIFC employment
What to weigh
- Business Bay has significant competing supply, concentrated in smaller units
- Verify achieved rents in neighbouring towers, not projected yields
- Service charges in Business Bay vary widely by building — confirm before purchase
FAQ
Chic Tower — frequently asked questions
What is the starting price of Chic Tower?
Published pricing at Chic Tower starts from AED 823K. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Chic Tower?
Chic Tower is scheduled for handover in Q2 2026. Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Chic Tower?
Chic Tower is developed by DAMAC Properties in Business Bay, Dubai.
What unit types are available at Chic Tower?
Chic Tower offers Studio, 1 Bedroom, 2 Bedroom.
Where is Chic Tower located?
Chic Tower is in Business Bay, Dubai.
Can foreigners buy at Chic Tower?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at Chic Tower outright.
Does buying at Chic Tower qualify for the UAE Golden Visa?
The entry price of AED 823K is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Chic Tower?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 33K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Chic Tower?
MRK Real Estate advises on primary purchases and resales at Chic Tower. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-08-21. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
