Business Bay · Dubai
Damac Chic Tower by Damac Properties
From
AED 823,000
≈ $224K · AED 1,993/sqft est.
- Price from
- AED 823K
- ≈ $224K
- Per sqft
- AED 1,993
- estimated
- Handover
- Q2 2026
- Payment plan
- 20/30/50
About
Chic Tower is Damac's apartment tower in Business Bay, with studios to four-bedroom apartments from about 413 to 1,679 sq ft and a four-bedroom unit of 7,522 sq ft.
Prices start at AED 823,000 on a 20% booking, 30% during construction and 50% on handover plan, with handover listed for the second quarter of 2026.
The figures here are the starting price and plan as published for the project. Confirm the price, unit availability and service charge with the developer before committing.
- Damac tower in Business Bay
- Studios to 4-bedroom apartments from 413 sq ft
- 20/30/50 payment plan
- Handover Q2 2026
- Developer
- Damac Properties
- Area
- Business Bay
- Status
- Launched
- Ownership
- Freehold
Payment plan
- Down payment
- 20%
- During construction
- 30%
- On handover
- 50%
20% Down Payment (On Booking Date); 30% During Construction (1st to 4th Installment); 50% On Handover (100% Completion)
Unit types
| Type | Bedrooms | Size (sqft) |
|---|---|---|
| Apartment | Studio | from 413 |
| Apartment | 1 bed | — |
| Apartment | 2 bed | — |
| Apartment | 3 bed | — |
| Apartment | 4 bed | up to 1,679 |
| Villa | 4 bed | 7,522 |
Rendr score
Not yet assessed
50% of the weight is assessed; a score appears once 60% is. The factors below show what is still missing. Our opinion, not investment advice.
How it was scored
Price against what buyers actually paidweight 25
Asking AED 1,993/sqft (estimated) against the median of AED 2,561/sqft for apartments in Business Bay: 22.2% below. Off-plan sales, last 6 months, 911 sales.
DLD's register of sales, as of 9 Sep 2026
100Developer track recordweight 20
Needs the owner's assessment of the developer.
not yet assessedPayment planweight 15
20% down, 30% during construction, 50% on handover.
tanamiproperties.com (tanamiproperties.com/Projects/Damac-Chic-Tower), saved 2026-09-09, as of 9 Sep 2026
62Location and infrastructureweight 15
Needs the owner's assessment of the area.
not yet assessedHow easy it is to sell laterweight 10
1,375 sales of finished apartments registered in Business Bay in the last twelve months.
DLD's register of sales, as of 9 Sep 2026
100Construction on scheduleweight 10
Needs the launch date, handover date and completion %, or the owner's assessment.
not yet assessedThe basics on fileweight 5
Needs a check of the escrow account and the DLD project registration.
not yet assessed
Price against the market
−22%below
Asking AED 1,993/sqft (est.) against the DLD median of AED 2,561/sqft for apartments in Business Bay, as of 9 Sep 2026.
Off-plan sales, last 6 months, 911 registered sales. Source: Dubai Land Department open data.
Amenities
- 24x7 Security
- Basketball Court
- Dining Outlets
- Green Surrounding
- Gymnasium
- Health Care Centre
- Infinity Pool
- Kids Play Area
- Marina & Yacht Club
- Restaurants
- Retail Outlets
- Supermarket
- Swimming Pool
- Tennis Courts
Location
Mixed-use towers along the Dubai Canal, immediately south of Downtown.
Registration and trust
- Escrow account
- Not published yet
- DLD project registration
- Not published yet
- Developer licence
- Not published yet
- Brochure
- Not published yet
- Figures from
- tanamiproperties.com (tanamiproperties.com/Projects/Damac-Chic-Tower), saved 2026-09-09
- Last verified
- 9 Sep 2026
An escrow account is a regulated account the developer cannot draw on freely: your payments go in and are released as building progresses. Escrow accounts and project registrations are published by the Dubai Land Department (DLD) on dubailand.gov.ae. Always check them, and pay into the escrow account only, before handing over a deposit.
Changes
Listed on the site
Source: tanamiproperties.com (tanamiproperties.com/Projects/Damac-Chic-Tower), saved 2026-09-09
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Damac Chic Tower: questions buyers ask
- How much does Damac Chic Tower cost?
- Prices at Damac Chic Tower start from AED 823,000 (about $224K) for studios, 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom homes, which is around AED 1,993 per sqft, estimated from the unit sizes. Asking prices come from the developer and change without notice.
- When does Damac Chic Tower hand over?
- Damac Chic Tower is expected to hand over in Q2 2026. The project is launched. Handover dates are the developer's own estimate and off-plan projects can move, so confirm the current date in writing before you pay anything.
- What is the payment plan at Damac Chic Tower?
- Damac Chic Tower is offered on a 20/30/50 plan: 20% on booking, 30% during construction and 50% at handover. Developers change plans between phases, so confirm yours before signing.
- Who is the developer of Damac Chic Tower?
- Damac Chic Tower is being developed by Damac Properties. It sits in Business Bay, Dubai. You can see every project by Damac Properties we list, and how their asking prices compare with registered sales, on their page.
- Can foreigners buy at Damac Chic Tower?
- Damac Chic Tower is in a freehold area, so buyers of any nationality can own a home here outright rather than on a lease. Dubai sets which zones are freehold; confirm the title type on your own unit's contract before paying.
- Is Damac Chic Tower registered and escrow-protected?
- We do not yet hold a project registration number for Damac Chic Tower. Every off-plan project must be registered and sell through an escrow account, where the money is released as building progresses. Check both at dubailand.gov.ae before you pay.