CHIC Tower Golden Visa

Two of the four tiers. 2 Bedroom Apartments start at AED 2.87M ≈ USD 782K and 4 Bedroom Super Luxury Apartments at AED 27.59M ≈ USD 7.51M, so a single unit in either tier clears the AED 2M ≈ USD 545K minimum property value on its own, subject to the regulations in force when you apply. Studio Apartments from AED 1.15M ≈ USD 313K and 1 Bedroom Apartments from AED 1.56M ≈ USD 424K sit below the threshold. Full criteria are covered in the Golden Visa requirements guide.

No. At current starting prices a studio (from AED 1.15M ≈ USD 313K) and a 1 bedroom apartment (from AED 1.56M ≈ USD 424K) both sit below the AED 2M ≈ USD 545K threshold, so neither supports a property-based Golden Visa application on its own. Eligibility is assessed on the registered purchase value of the specific unit, not on the tower, its branding or its location.

Off-plan applications are typically supported by Oqood registration of a qualifying unit, which at CHIC Tower means a 2 bedroom or 4 bedroom super luxury apartment, together with proof that the purchase meets the qualifying value and any paid-value conditions applied at the time of application. With handover expected in Q4 2026, buyers without urgency can instead wait for the title deed issued after handover, which gives the simplest file. The process is explained step by step in the off-plan Golden Visa guide.

CHIC Tower launched in 2022 with a 20% deposit plus the 4% DLD registration fee, 56% in time-based instalments due within 3 to 39 months of the sale date, four 1% instalments at the 70%, 80%, 90% and 95% completion milestones, and 20% on completion. On those terms 80% of the price falls due before completion, the period in which paid-value conditions for off-plan applications are commonly assessed. The instalments run from each buyer's own sale date, so a purchase made today follows the terms DAMAC confirms at booking.

Under the conditions commonly applied, a financed property can still support an application, usually with a no-objection letter from the lending bank, but how the financed portion counts toward the AED 2M ≈ USD 545K threshold is set by the rules in force when you apply and is updated from time to time. At CHIC Tower the question only arises for the 2 bedroom and 4 bedroom super luxury tiers, the two that clear the threshold on price.

Joint ownership is commonly assessed on each owner's share of the property value, with separate provisions for married couples, under the regulations in force at the time of application. A 2 bedroom apartment at AED 2.87M ≈ USD 782K split equally between two unrelated owners gives each a share of about AED 1.44M ≈ USD 391K, below the AED 2M ≈ USD 545K threshold, so confirm how a shared purchase will be assessed before signing.

The property Golden Visa is commonly issued with the right to sponsor a spouse and children, subject to the eligibility conditions and documents required at the time of application. Family sponsorship follows the main visa, so it rests on the same qualifying unit: at CHIC Tower, a 2 bedroom or 4 bedroom super luxury apartment registered at or above AED 2M ≈ USD 545K. What the visa covers for dependants is set out in the Golden Visa benefits guide.

The property route currently carries a 10-year renewable residency term. Renewal is commonly tied to continued ownership of a qualifying property, so selling the CHIC Tower apartment that supported the application, or holding only a unit registered below AED 2M ≈ USD 545K, would affect eligibility at renewal under the rules in force at that time.

Yes. CHIC Tower is freehold and open to all nationalities, with ownership registered at the Dubai Land Department, which is a requirement for property-based Golden Visa eligibility. Prices, layouts and the full tower profile are covered in the CHIC Tower project guide.

No. For buyers who purchase through this advisory, the VIP application service, covering document preparation, submission, and status follow-up, is included at no charge. Only the official government fees apply, as published by the issuing authorities at the time of application.

No. A qualifying purchase makes you eligible to apply, but approval depends on satisfying all requirements in force at the time of application, including ownership verification and standard background checks. Construction status toward the expected Q4 2026 handover can be checked at any time on the CHIC Tower construction updates page.