Chic Tower

This 4-bedroom apartment at Chic Tower by Damac Properties offers 8,316 sq ft in Business Bay, priced from AED 27,593,000 (about AED 3,318 per sq ft).

Chic Tower is a Damac Properties residential tower near the Dubai Canal waterfront in Business Bay, with studios and apartments; sales opened in March 2023. Facilities include an infinity pool with city views, a fitness centre, a wellness spa and retail within the tower.

Downtown Dubai is about 5 minutes away by car, Dubai Mall about 10 minutes and Dubai International Airport about 15 minutes.

The 4-bedroom home suits families looking for one of the tower's largest residences.

What is the payment plan for Chic Tower? Property Finder lists 20% on booking, 60% during construction and 20% on handover, while the developer feed shows a 60/40 plan, so please confirm the current terms with us. Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 3,318 per sq ft, this unit is around 36% above that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and market at handover.

When is handover? Listings give dates between 2025 and Q3 2026, so please check the current status with us.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.