DAMAC Properties · Business Bay · Construction Update
CHIC Tower Construction Update - August 2026
August 2026 Inspection Places CHIC Tower at 84.01% Construction Progress in Business Bay
Finishes now join internal works, the envelope and MEP at an advanced stage across CHIC Tower, recorded at 84.01 percent in the August 2026 RERA inspection cycle.
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Verified DLD Inspection Data
CHIC Tower Construction Snapshot
A 10.24 point rise since 8 April 2026 carries CHIC Tower past the 80% mark and deep into the finishing band, with Q4 2026, the expected handover quarter, opening on 1 October 2026.
CHIC Tower by DAMAC
2460
Active
84.01%
17 August 2026
15 March 2023
467 residential units
36,481.29 sq m
Q4 2026
Data source: RERA inspection conducted on 17 August 2026, tracked against DLD inspection records for project 2460; the previous inspection dot on the bar is the dated 8 April 2026 reading. The image at the top of this page is a project rendering, not a photograph of site progress. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: September 2026.
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This Inspection Cycle
CHIC Tower Construction Progress Summary
Between the 8 April and 17 August 2026 inspections, CHIC Tower moved from 73.77% to 84.01%, a 10.24 point gain over 131 days, or about 2.35 points per month as measured between those two dated readings. The August monitoring report lists the superstructure as substantially completed and now places finishes at an advanced stage, alongside internal works, the envelope and MEP.
- Enabling works and foundation, substantially completed per the August report
- Substructure, basement included, substantially completed
- Superstructure through the 5 podium levels, 35 floors and roof, substantially completed
- Finishes, raised to an advanced stage since the April report
- Internal works and MEP installations, both at an advanced stage
- Building envelope of the 35 floor tower, at an advanced stage
- External works around plot 378, still at different stages
- RERA inspection cycles covering the last 15.99 points
- The 90% and 95% readings, then completion
- Completion certificate and handover notices, with handover expected in Q4 2026
Payment Linked Progress
What 84.01% Progress Means for CHIC Tower Buyers
On CHIC Tower's 2022 launch schedule, part of each payment plan is tied to recorded completion percentages, and the 17 August 2026 DLD register reading of 84.01% sits past the 70% and 80% milestones and before 90%. With handover expected in Q4 2026, four actions matter most.
Check the escrow account before paying
Whatever is still payable before handover, including any 90%, 95% or completion installment on the launch schedule of record, belongs only in the DLD regulated escrow account for project 2460 at Mashreq Bank PSC. CHIC Tower escrow account verification takes about two minutes against the official DLD project record.
Match your SPA to the 80% and 90% milestones
The 17 August 2026 reading sits past the 80% milestone and before 90% on the launch schedule of record, which leaves 1% at 90%, 1% at 95% and 20% on completion. Read how your SPA defines each milestone, the handover notice period and the final payment before Q4 2026. Not sure how your installments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Book your snagging inspector
At 84.01% and with the Q4 2026 handover quarter opening on 1 October 2026, CHIC Tower buyers are inside the booking window for an independent pre handover inspection. CHIC Tower snagging inspection guide explains what to check in a studio, apartment or super luxury home.
Watch for the 90% reading
Each new dated reading shows whether the 90% and 95% milestones on the launch schedule have been reached. CHIC Tower construction updates hub keeps every reading in date order.
General framework, not legal advice: milestone definitions, notice periods, and fee obligations are set by your individual SPA and the DLD record, and both should be read directly.
Buying at 84.01%?
Entering CHIC Tower this late in the build swaps a long installment runway for a short and visible finish: the structure is listed as substantially completed, finishes are at an advanced stage, and the handover quarter is close. Every payment goes to the DLD-registered escrow account for project 2460, released against RERA-inspected construction progress.
- Structure listed as substantially completed in the 17 August 2026 report
- Handover expected in Q4 2026, the quarter after this reading
- Payment terms for a new purchase come from DAMAC at booking, not the 2022 launch plan
- Years of construction risk before any keys are released
- Two to four years is a common wait from launch to delivery
- More time to pay, at launch-level pricing
10 units listed available on the project page as of this update; availability shifts between cycles.
About the Development
CHIC Tower Project Details
Recorded at 84.01% in August 2026, with its structure substantially completed and finishes at an advanced stage, CHIC Tower is a late finishing stage canal front tower of 467 residences: de GRISOGONO branded studio, 1 and 2 bedroom apartments, plus 4 bedroom super luxury homes on the upper levels. Starting prices: AED 1.15M ≈ USD 313K.
Buyers entering now wait months rather than years, with handover expected in Q4 2026; the 2 bedroom tier starts at AED 2.87M ≈ USD 782K and the super luxury tier at AED 27.59M ≈ USD 7.51M.
CHIC Tower by DAMAC Project GuideSite Context This Cycle
Explore CHIC Tower Location on Dubai Map
On plot 378 beside the Dubai Canal in Business Bay, CHIC Tower sets its typical floors toward two views, the canal and the Burj Khalifa. With the frame substantially completed, the August 2026 cycle centers on closing that canal-facing elevation and bringing finishes and external works around the waterside plot to an advanced stage.
Business Bay's roads, canal promenade and the Business Bay and Burj Khalifa / The Dubai Mall metro stations are already in daily use (see the Dubai Metro guide), so a Q4 2026 handover places owners in a district that functions from the first day of occupancy or tenancy rather than one still taking shape. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in CHIC Tower as Handover Approaches
With 15.99 points left on the register, residency planning, payment checks and the handover inspection now run on a short clock. Each resource below starts from the 17 August 2026 reading.
CHIC Tower Construction Updates
This page: CHIC Tower's 17 August 2026 DLD reading, compared with April and the handover quarter.
CHIC Tower Golden Visa: The Line in a Canal-Front Tower
DAMAC's CHIC Tower on the Dubai Water Canal qualifies at the 2 bedroom and 4 bedroom super luxury apartments.
Read CHIC Tower Golden Visa Guide
CHIC Tower Escrow: DAMAC's Business Bay Account at Mashreq
CHIC Tower by DAMAC escrows 467 units at Mashreq as DLD project 2460, its build 84.01% certified in August 2026.
Verify CHIC Tower Escrow Account
CHIC Tower Snagging on the Dubai Water Canal
CHIC Tower is DAMAC's de GRISOGONO branded tower in Business Bay, 467 residences from studios to 4 bedroom super luxury apartments.
Book CHIC Tower SnaggingUpdate Timeline
Other CHIC Tower Construction Updates
CHIC Tower's record on this site now holds two dated readings, April and August 2026; the hub lists them in order and adds each new inspection as it is filed.
Where This Update Fits
Explore CHIC Tower Structure
The August reading is one entry in a wider picture: the Business Bay homes competing for the same buyers, the canal district itself, and DAMAC's record as developer.
Business Bay Properties for Sale
Browse canal-front apartments, penthouses and branded residences for sale across Business Bay.
See Business Bay Properties for Sale
Business Bay Community Overview
Read the Business Bay guide: canal-front towers, offices and residences minutes from Downtown, with prices and rental demand covered.
Explore the Business Bay Community
DAMAC Properties: Lagoon Communities, Golf Villas and Branded Collaborations
Founded in 2002, DAMAC has delivered 48,000 homes and is known for large-scale master communities, luxury residential projects and branded collaborations.
View the DAMAC Developer ProfileFAQs
CHIC Tower Construction Progress in August 2026: Frequently Asked Questions
The RERA inspection dated 17 August 2026 records CHIC Tower, DLD project 2460, at 84.01% construction progress, up from 73.77% at the inspection dated 8 April 2026. That is a gain of 10.24 points over 131 days, or about 2.35 points per month as measured between those two dated readings; it describes the past interval only and is not a forecast.
The 17 August 2026 record leaves both dates where they stood at the April 2026 inspection. The DLD app still lists a registered completion date of 30 July 2025, a date that has already passed, while handover for CHIC Tower is expected in Q4 2026. Either date can still be revised in a later record, and each buyer's SPA sets the timing terms that apply to that buyer. How register dates relate to inspection cycles is explained on the CHIC Tower construction updates hub.
Finishes are the clearest change: the April 2026 Independent Progress Monitoring Report had them progressing at different stages, while the 17 August 2026 report places them at an advanced stage alongside internal works, the envelope and MEP. The August report lists enabling works, foundation, substructure and superstructure as substantially completed, and external works as still progressing at different stages.
On the 2022 launch schedule of record, the 17 August 2026 DLD reading of 84.01% sits past the 70% and 80% completion milestones, each linked to a 1% installment, and before the 90% milestone. Two further 1% installments sit at 90% and 95%, and 20% is linked to completion. Whether any installment falls due for a given buyer depends on that buyer's SPA and DAMAC's own notices, because the launch plan counted from each buyer's sale date.
The DLD app files ten inspection photographs with the 17 August 2026 reading, against nine with the April 2026 reading. They sit in the official record with the Independent Progress Monitoring Report, which is marked as independently inspected and progress audited for RERA and gives the progress status as Main Contract - Progressing. The photographs are not reproduced on this page, and the image at the top of this page is a project rendering rather than a view of the site.
Yes. At 84.01% on 17 August 2026, with handover expected in Q4 2026, a quarter that opens on 1 October 2026, CHIC Tower buyers are close to the point where residences are offered for handover, and the inspection takes place at that offer. Booking now secures an inspector's date and a checklist matched to the residence, from a studio to a 4 bedroom super luxury home with its private pool, terrace and personal gym.
A Question the FAQ Can Not Answer?
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Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the August 2026 inspection record for CHIC Tower correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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