1 bedroom Apartment No. 117087

Urgent sale
1 bedroom Apartment  No. 117087
ID117087 $ 408 442
117087

Property description

Chic Tower is a luxury residential complex from developer DAMAC Properties, located on the Dubai Canal waterfront in the prestigious Business Bay district. Developed in collaboration with renowned Swiss jewelry brand de GRISOGONO, the project boasts a unique architectural style and exquisite interior design.

Project Description:

Property Type: Studios and 1-2 bedroom apartments.
Residential Size: 38 to 156 sq. m.
Delivery Date: Q2 2026.
Price: Studios start at AED 823,000 (approximately $224,060), 1-bedroom apartments at AED 1,503,000 (approximately $409,220), and 2-bedroom apartments at AED 2,739,000 (approximately $745,740).


Amenities and infrastructure:

Wellness center: Includes a spa with revitalizing baths, a beauty salon, and modern gyms.
Entertainment areas: A 180-meter-long Lazy River, party zones, children's playgrounds, and sports courts.
Pools: Includes private pools and a water maze.
Additional amenities: A cigar lounge, a private beach for residents, and the Esaad Privilege Card, which provides discounts at over 7,000 branded stores.
Location and accessibility:

Proximity to key attractions:
Downtown Dubai and Burj Khalifa: About 10 minutes by car.
Dubai Mall: About 10 minutes by car.
Dubai Marina: About 25 minutes by car.
Dubai International Airport (DXB): About 20 minutes by car.
Public transportation: Bus stops and the Business Bay metro station are within walking distance, providing convenient transportation around the city. Forecast and Recommendations: Investing in Chic Tower real estate appears promising for several reasons:

Return on Investment (ROI): As of 2022, the expected return is approximately 6%, with potential for growth as construction progresses and the area develops.
Location: Business Bay is one of Dubai's most dynamic areas, contributing to future property appreciation.
Project Uniqueness: The combination of luxurious design by de GRISOGONO and extensive wellness amenities makes Chic Tower attractive to both renters and buyers.
Recommendations:

For investors: Consider purchasing the property early in the construction phase to maximize profits through resale or rental.
For personal residence: Chic Tower is ideal for those who value luxury, comfort, and health, thanks to its extensive wellness facilities and convenient location.
Proximity to key attractions:

Burj Khalifa and Dubai Mall: approximately 10 minutes by car.
Jumeirah Beach: approximately 15 minutes by car.
Dubai Opera and The Dubai Fountain: approximately 10 minutes by car.
Proximity to water: Chic Tower is located directly on the Dubai Canal, offering scenic views and walks along the water.

Potential Negatives:

Construction: Until completion in 2026, noise and construction equipment may cause disturbances.
Traffic: Business Bay is a busy area, which can lead to traffic congestion during peak hours.
Overall, Chic Tower is an attractive investment and residential option, combining luxury, a convenient location, and extensive leisure and wellness facilities.

Unit Resale Terms
Minimum Apartment Payment for Resale
30% + 4% DLD
Payment Plan
Inheritable
Furniture
Kitchen + Kitchen Appliances + Bathroom Fittings
Amenities and Safety
- Seven revitalizing baths, including hot, cold, salt, and mud, to detoxify the body and rejuvenate the skin
- Dubai's first beauty bar, where cosmetologists will create a personalized cream for each client based on their skin needs
- Multiple swimming pools, including a spacious 50x8m2 infinity pool
- Spas
- Gyms
- Freshly squeezed juice bar
- Gazebos
- Playgrounds
- Outdoor party areas
- Football Arena
Greenery and Water
Greenery
Safa Park
Water
Al Jadaf Dubai Canal

Payment Plan
Preliminary Valuation based on handover date

The mandatory 4% DLD municipal tax is not included.

1
20%
At the time of booking · October 2025

2
26%
December 2025

3
32%
March 2026

4
38%
June 2026

5
44%
September 2026

Resale possible
6
50%
December 2026

7
56%
March 2027

8
62%
June 2027

9
68%
September 2027

10
74%
December 2027

11
76%
January 2028

12
78%
February 2028

13
80%
March 2028

14
100%
April 2028

Average price in the location
23,034 AED/m2
Difference
+21%
Project price
27,953 AED/m2

Location

Location
  • Near public transportation
  • Close to shopping malls
  • Close to the city centre
  • Close to the airport
  • Close to schools
  • Prestigious district

Outdoor features

Shopping
  • Shop
  • Supermarket
Contact the seller
Contact me via
TypeApartment
Bedrooms1
Living space70 m²
  • sq. ft
Completion dateII quarter, 2026
Price
  • Price
  • per m²
$ 408 442
Seller
Natalia
Natalia
Sales Property Consultant
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