CHIC Tower By DAMAC
- AVA001032CHIC Tower By DAMAC, Marasi Drive, Business Bay, Dubai, United Arab Emirates
CHIC Tower By DAMAC
- AVA001032CHIC Tower By DAMAC, Marasi Drive, Business Bay, Dubai, United Arab Emirates
Located in Business Bay with water at its doorstep, CHIC Tower is a DAMAC Properties development that recasts luxury as a holistic wellness experience, inspired by the metaphysical and healing properties of turquoise and shaped by master-jeweller de Grisogono's signature interiors. The building rises G+5P+36+Roof, with a grand lobby, podium amenity deck, apartment levels and super-luxury units crowning the tower beneath a stepped roof of cascading terraces that evoke the waves of the Dubai Canal. Wellness begins at the door, where the lobby is set with workout benches and weights, extending on the podium level into an outdoor gym with callisthenic-focused equipment. At the heart of the concept is the Youth Fountain: seven revitalising baths - hot, cold, salt and mud among them - designed to draw out toxins and restore the skin, complemented by a Dubai-first beauty bar where custom creams are formulated for each resident's skin type. The podium unfolds into a 50-metre-long pool, a meandering 180-metre lazy river, cabanas, lush landscaping, a super-booster juice bar, a multi-purpose hall, an outdoor party area and a children's play area. Every apartment - from studio and one and two-bedroom homes to lofts and super-luxury residences - is designed around resident wellbeing, with masterful use of space, panoramic canal and Burj Khalifa views, and, at the top of the tower, private terraces with flowers and plants, infinity pools, personal gyms and projection screens. Business Bay places residents a stone's throw from Downtown Dubai, Burj Khalifa, The Dubai Mall, the Dubai Fountain and DIFC, with Dubai International Airport around a 15-minute drive.
Property Details
- Micro-market
- Business Bay / Dubai Canal
- Configuration
- Apartment
- Property Type
- Apartment
- Status
- Under Construction
Project Timeline
Key milestones for this project, updated as the developer confirms them.
Project announcement
Booking Started
Construction Started
Expected Completion
To be announced soon
Available Properties
Project variants for under-construction developments — unit types, sizes, starting prices and possession dates.
Inventory Type
| Variant | Size | Starting Price | Possession | CTA |
|---|---|---|---|---|
| Studio | — | AED 2.75M | Under Construction | |
| 1 BHK | — | Price on request | Under Construction | |
| 2 BHK | — | Price on request | Under Construction |
Property Information
- Community: Business Bay
- Project Name: CHIC Tower by DAMAC
- Listing Price: AED 2.75M
- List Date: Aug 27, 2026
- Days on Market: 0
- Listing ID: AVA001032
- Status: Under Construction
- Construction Type: Branded residential tower (de GRISOGONO interiors)
- Security: 24/7 security
- Pool: 50-metre swimming pool; 180-metre lazy river
Legal Information
Indicative legal & tax information based on available documents; verify with your lawyer before transacting.
- RERA Applicable
- Yes
- Occupancy Certificate
- No
- Authority
- Dubai Land Department (RERA)
- Fire NOC
- No
Can you own this, and how?
Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.
I am buying as:
- Status
- Permitted, freehold anywhere in Dubai
- What you actually hold
- You hold freehold title registered with the Dubai Land Department. There is no area restriction on where you may own.
- Key rules and restrictions
- GCC nationals are treated on the same footing as UAE nationals for ownership purposes.
- A company owned wholly by GCC nationals gets the same treatment.
- Some master communities impose their own transfer conditions through the developer.
- Funds and process
- Pay through UAE banking channels. The transfer completes at a Dubai Land Department trustee office where the title deed is issued on the day.
- Taxes
- The Dubai Land Department transfer fee is 4% of the price, split 2% each in law but paid in full by the buyer in most deals, plus a trustee office fee and a title deed issuance fee. There is no annual property tax and no capital gains tax in the UAE.
- Verify before you buy
- Get a title deed copy and check it against the Dubai REST app.
- Ask for the developer no-objection certificate confirming service charges are clear.
Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in the UAE before you commit.
Investment Information
- Type: Off-plan DAMAC Business Bay tower (de GRISOGONO); per-type prices not published (project 'from' price shown)
- Capital Appreciation: 8%
- Property Tax Jurisdiction: UAE - 0% property tax on residential
Location
CHIC Tower By DAMAC, Marasi Drive, Business Bay, Dubai, United Arab Emirates
- Airport: Dubai International Airport - 15.2 km
- Railway: Business Bay Metro Station - 1.8 km
- Highway: Sheikh Zayed Road (E11) - 1.3 km
- Hospital: Emirates Hospital Clinic - 1.2 km
- Grocery: Spinneys Bay Avenue - 1.0 km
- Tourist hub: The Dubai Mall - 1.8 km
Nearby Attractions
Fine-grained ratings and travel times for popular spots nearby.
| Rating | Attraction | Type | Best Time to Visit | Distance |
|---|---|---|---|---|
| 9 / 10 | The Dubai Mall | Shopping Mall | Early morning | 1.8 km |
| 9.5 / 10 | Burj Khalifa | Landmark | Sunset | 1.4 km |
| 8.5 / 10 | Dubai Aquarium & Underwater Zoo | Leisure | Morning | 1.7 km |
| 9 / 10 | Fountains at Dubai Mall | Leisure | Evening | 1.3 km |
| 9.6 / 10 | La Perle | Entertainment | Evening | 2.5 km |
| 9 / 10 | Dubai Water Canal | Landmark | Sunset | 1.4 km |
Investment Calculator
Calculate your EMI, returns and investment potential
₹17,898.854
per month
20 years • 8.5% interest • Fixed rate
₹18K
Monthly EMI
Investment Returns
8%
Expected ROI
0%
Rental Yield
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Investment Summary
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Rental Yield Calculator
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Net Rental Yield
2.3%
Monthly Income
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Rental Breakdown
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