Overview

Property Description

An upscale 41-storey tower by DAMAC Properties in collaboration with the world-renowned de GRISOGONO jewellery brand, Chic Tower will be a stunning addition to Business Bay. For a distinctive look, the high-end skyscraper will feature a cascade of undulating terraces inspired by the waves of the Dubai Water Canal. The terraces will descend from a stepped roof, where water will trickle from one pool to another. In addition, Chic Tower's interior and exterior design will be influenced by De Grisogono jewellery designs. The main concept is based on turquoise, one of the world's most popular gemstones. It features studios and 1-2 bedroom apartments with living spaces ranging from 413 square feet to 1,679 square feet, with views of the Burj Khalifa and Dubai Water Canal. There will be a fitted kitchen and a spacious balcony in each property, so homeowners can enjoy the breathtaking view of the famous city from there. One-bedroom apartments in Chic Tower start at AED 1,460,000 (USD 397,000). *Prices are valid for 2022 In Chic Tower, you'll be able to experience a unique wellness concept as well as sophisticated interiors inspired by de GRISOGONO gemstones. Business professionals and entrepreneurs alike will benefit from the skyscraper's convenient location in Dubai's financial hub.. Additionally, the tower will be located within a half-hour walk of some of the most visited Dubai landmarks, such as Dubai Opera, Burj Park by Emaar, The Dubai Fountain, and The Dubai Mall. Based on the information mentioned above, it is safe to say that Chic Tower apartments are a lucrative investment not only for private use, but also for commercial use. Taking this into account, the gross ROI for 1 bedroom properties in Business Bay is 6.9%, according to Property Finder, with an initial rental cost of AED 50,000 (USD 13,600) per year.. With these indicators, you will be able to benefit from an attractive income on a permanent basis if you choose to lease your residence. Property management services can facilitate the rental process. With the Taskeen Programme by the DLD, you will be able to apply for a 3-year investor visa once Chic Tower is completed in Q2 2026. This scheme only applies to ready-to-move-in real estate, with a minimum qualifying amount of AED 750,000 (USD 205,000) in this case. The Emirates ID will grant you privileges such as opening a bank account, applying for a driver's license and more.

Features & Amenities

Location