CHIC Tower by DAMAC

CHIC Tower by DAMAC is a residential tower on the Dubai Water Canal in Business Bay, marketed by DAMAC Properties with de GRISOGONO branded interiors. It comprises 467 residences across studio, 1 and 2 bedroom apartments and 4 bedroom super luxury apartments, organised around a wellness concept that includes 7 revitalising baths, a 50 m long pool and a 180 m long lazy river.

CHIC Tower is located in Business Bay, Dubai, on the Dubai Water Canal toward the Sheikh Zayed Road end of the district. Downtown Dubai, Burj Khalifa, The Dubai Mall and DIFC are close by, Al Khail Road is within easy reach, and Dubai International Airport is a 15-minute drive.

CHIC Tower offers Studio Apartments of approximately 426 to 634 sq ft (40 to 59 sq m), 1 Bedroom Apartments of approximately 753 to 1,973 sq ft (70 to 183 sq m), 2 Bedroom Apartments of approximately 1,314 to 1,754 sq ft (122 to 163 sq m), and 4 Bedroom Super Luxury Apartments of approximately 8,316 sq ft (773 sq m) on the upper levels, which add a private infinity pool, a personal sky gym and a planted terrace.

Handover is expected in Q4 2026. The inspection report dated 17 August 2026 records the structure as substantially complete, with internal works, envelope, finishes and MEP at an advanced stage and external works in progress. Progress against RERA inspection data is tracked in the CHIC Tower construction updates guide.

Prices start from AED 1.15M ≈ USD 313K for a studio apartment. 1 bedroom apartments start from AED 1.56M ≈ USD 424K, 2 bedroom apartments from AED 2.87M ≈ USD 782K, and 4 bedroom super luxury apartments from AED 27.59M ≈ USD 7.51M, depending on unit, floor and availability.

It depends on the tier. Studios and 1 bedroom apartments are the rental-led entry into a branded canal-front tower in Business Bay, where rental appeal rests on proximity to Downtown Dubai and DIFC, while the 4 bedroom super luxury apartments trade on scarcity and private amenities rather than yield. Across every tier, suitability comes down to entry price, holding horizon and exit strategy, and with handover expected in Q4 2026 the practical choice is between leasing from handover and reselling a finished unit.

It depends on the unit type. The 10 year UAE Golden Visa for property investors requires a property value of at least AED 2M ≈ USD 545K. At CHIC Tower, the 2 bedroom apartments from AED 2.87M and the 4 bedroom super luxury apartments from AED 27.59M clear that threshold, while studios from AED 1.15M and 1 bedroom apartments from AED 1.56M fall below it. The dedicated CHIC Tower Golden Visa guide covers the eligibility steps in detail.

Yes, CHIC Tower by DAMAC is a freehold property, open to all nationalities.

Yes. The full process, from reservation to SPA signing and registration, can be handled remotely, and I manage it end to end with the developer on your behalf. Each stage of the remote purchase is documented in my Dubai real estate guide library.

Off plan payments at CHIC Tower are made into the project's DLD-registered escrow account with Mashreq Bank PSC and released to the developer only against verified construction progress, a framework regulated by the Dubai Land Department. Learn more in the CHIC Tower escrow account guide.

Most off plan buyers use the developer's payment plan, as off plan mortgage options for non-residents are limited. Financing becomes more accessible after handover, when finished units qualify for standard UAE mortgage products available to non-residents.

DAMAC Properties has operated in the Middle East luxury real estate market since 2002. As of 30 June 2022, DAMAC reported delivering approximately 42,000 homes, with a development portfolio of more than 28,000 at various stages of planning and progress. Its branded collaborations include de GRISOGONO, Cavalli and Paramount Hotels & Resorts, and the wider portfolio is covered in the DAMAC developer profile.