Apartment by DAMAC «Chic Tower»

AED 2,700,000

Discount: 10% of original price AED 3,000,000
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Vector icon 2 Beds Vector icon 3 Baths Vector icon 1600 sqft

Business Bay

Daria
Daria Property broker

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Chic Tower 2BR Apartment in Business Bay — Water View, Distress Deal, 10% Below OP

A two-bedroom apartment in Chic Tower, Business Bay, is available as a genuine distress sale ahead of its Q3 2026 handover. The unit is priced meaningfully below its original purchase price, offering a rare entry point into one of Dubai’s most sought-after waterfront corridors before the building even keys over.

Business Bay continues to attract end-users and investors alike, and off-plan resales at this stage — with handover imminent — carry significantly less risk than early-stage purchases. This is a straightforward opportunity to acquire a nearly complete asset at a discount.

Unit Features:

– 2-bedroom apartment
– 3 bathrooms
– 1,600 sq ft / 148.6 sq m
– Canal view
– Unfurnished
– Handover Q3 2026
– Distress deal below original price

Architecture & Concept:

Chic Tower is a contemporary residential development designed around clean lines and a refined urban aesthetic. The building positions its living spaces to capitalise on the Dubai Canal frontage, with layouts that prioritise natural light and open sightlines. Finishes and proportions reflect the mid-luxury segment that defines Business Bay’s newer residential stock.

Location & Benefits:

– Business Bay district
– Minutes to Downtown Dubai and Dubai Mall
– Direct access to Sheikh Zayed Road and Al Khail Road
– Dubai Canal waterfront proximity
– Metro connectivity via Business Bay station
– High-demand rental corridor with strong occupancy rates

Investment Appeal:

– Strong rental demand from corporate and professional tenants
– Canal-view units command rental premiums in this submarket
– Imminent handover reduces execution risk for investors
– Capital appreciation potential as Business Bay matures
– Priced below original purchase price, immediate equity position on acquisition
– Liquid asset in an established, internationally recognised district

Frequently Asked Questions:

Q: When is the handover expected?
A: The unit is scheduled for handover in Q3 2026.

Q: Is this unit available for immediate resale after handover?
A: Yes, as a secondary-market transaction it can be resold or leased upon completion and title transfer.

Q: Why is the unit priced below its original purchase price?
A: The seller requires a quick exit, creating a distress situation — the discount reflects urgency, not any issue with the unit or the project.

Enquire through the form on this page to receive full documentation and arrange a viewing.

Payment plan

On booking
20% + 4% DLD + 1000 AED Oqood fee
From 3 to 5 months after booking
30% (10% per month)
On completion
50%

Property information

Handover Date

October 30, 2026

Property Type

Apartment

Ownership Type

Freehold

Building Information

Building name

DAMAC «Chic Tower»

Amenities

  • Accessibility for people with disabilities
  • BBQ
  • Central A/C
  • Children’s pool
  • Cinema
  • Concierge Service
  • Covered Parking
  • Coworking zone
  • Dining outlets (coffee houses & restaurants)
  • Laundry
  • Pets Allowed
  • Retail outlets
  • Security and CCTV
  • Shared Pool
  • Shared gym & fitness
DAMAC Properties
DAMAC Properties View developer

Location

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