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About This Project
DAMAC Chic Tower is a collaboration between DAMAC Properties and Swiss master-jeweller de GRISOGONO, translating the brand's signature gemstone aesthetic into a residential high-rise in Business Bay. The architecture features cascading undulating terraces inspired by Dubai Canal's waterways, with a stepped roofline that channels water between stacked pools. Residences range from studios to super-luxury 3 and 4-bedroom units, with the top-tier homes offering flower-lined terraces, personal gyms, an infinity pool, and a private projection screen for films and sports events. Business Bay is Dubai's most connected commercial and residential district β minutes from Downtown Dubai, Dubai Mall, and the Burj Khalifa, with direct Canal-front promenade access. The building's podium houses a full spa extending to an outdoor calisthenic gym, 7 detoxifying therapeutic baths, juice bars, swimming pools, playgrounds, party zones, and a football arena, creating a self-contained wellness and social community. With a Q2 2026 handover and an 80/20 payment plan, buyers retain 80% of payments spread across construction β limiting upfront capital exposure. Prices start from AED 1,125,000, positioning this as a competitive entry into a canal-view, branded-residence asset in one of Dubai's highest-rental-yield corridors. Business Bay consistently delivers strong short-term rental demand given its proximity to the DIFC and Downtown business cluster.
Investment Highlights
Starting rental price for 1-bedroom apartments in Business Bay is AED 80,000 per annum with an estimated ROI of 8%
Strategic location adjacent to iconic Opus building and near Sheikh Zayed Road and Burj Khalifa Boulevard
Option to purchase a full floor, with property value expected to rise as construction nears completion
Buyers eligible for a 3-year investor visa or 5-year UAE Golden Visa depending on property value
Payment Plan
80/20












