Eligible for UAE 10-Year Golden Visa
DAMAC Chic Tower at Business Bay, Dubai
at Business Bay1, 2, 3 & 4 BR Studios, Apartments & VillasPrice (AED)1.2M*
Unit (Bedrooms)1, 2, 3 & 4 BR
Sizes (Sq. Ft.)413 - 1,463
Possession 2026
DAMAC Chic Tower is a 41-story luxury building situated right on the banks of the Dubai Water Canal in Business Bay. Developed by DAMAC Properties in collaboration with de GRISOGONO, the Swiss master jeweller known for its black diamond and turquoise collections, Chic Tower translates gemstone-inspired design into a living environment. The exterior features cascading terraces and flowing pools that mimic the natural waves of the canal below. It brings a unique, high-fashion aesthetic to one of the city's busiest and most popular commercial hubs.
Chic Tower offers studios, 1, 2, 3 & 4 bedroom apartments and 4-bedroom Villas ranging from 413 to 1,463 sq.ft. Layouts prioritise natural light through floor-to-ceiling windows framing views of the canal, Burj Khalifa, and Downtown Dubai. The interiors use cool mineral tones and stone surfaces inspired by raw gemstones. For those looking for ultimate luxury, the larger units on the upper floors come with their own private flower gardens, personal infinity pools and private gym spaces.
Instead of a standard gym and pool, the building focuses heavily on health and restoration. The star feature is a series of seven wellness baths, including hot, cold, salt, and mud treatments designed to detoxify the body. A 180-meter lazy river winds around the main amenity deck, complemented by on-site juice bars, beauty stations and a professional-grade spa. Families also benefit from dedicated children's play areas and wet zones, with top-tier schools located just a short drive away.
Living in Business Bay means being right in the middle of Dubai's action. The building sits directly on the canal's 12-kilometre promenade, giving residents instant access to waterfront running paths, outdoor dining, and water sports. It takes only about nine minutes to drive to the Burj Khalifa and the Dubai Mall. This central location makes it highly convenient for professionals working in the nearby financial districts who want a quick commute without sacrificing a luxury lifestyle.
Business Bay remains one of Dubai’s most active rental markets, supported by its proximity to Downtown and DIFC. Rental yields for 1-bedroom units range between 6–7%. Properties above AED 2 million qualify for the UAE’s 10-year Golden Visa, while units above AED 750,000 are eligible for investor residency after completion. With no income or capital gains tax, and branding backed by de GRISOGONO, the project stands as a strong option for both end-users and investors.
DAMAC Chic Tower offers studios (413 sq.ft), 1-bedroom (741+ sq.ft), 2 & 3-bedroom (1,463+ sq.ft), and 4-bedroom Villas , all with fitted kitchens, private balconies, and canal or Burj Khalifa views. Upper-floor residences include personal terraces and infinity pools.
Chic Tower’s wellness programme is the building’s defining feature. Seven bath zones hot, cold, salt, mud, and more rotate through the week, designed to detoxify and restore. A 180-metre lazy river wraps the amenity deck, complemented by an infinity pool, children’s wet play area, and cabanas. The first-of-its-kind beauty bar offers custom-made products developed in partnership with de GRISOGONO. Juice bars, a spa-grade gym, and a yoga deck round out the wellness offer. Beyond the podium, Business Bay’s canal promenade provides waterfront dining and running paths at the door. The philosophy is that wellness is daily infrastructure, not an occasional indulgence.
Business Bay occupies 12 kilometres of the Dubai Water Canal, directly south of Downtown Dubai and adjacent to DIFC the region’s financial centre. Al Khail Road runs along the eastern boundary, connecting the district to Sheikh Zayed Road, Dubai Marina, and both airports. For professionals, DIFC and Downtown are under 10 minutes. Dubai Mall and Burj Khalifa are 9 minutes away. Dubai International Airport is 13 minutes. The Dubai 2040 Urban Master Plan identifies Business Bay as a core commercial and residential growth zone, with canal-front density increasing as new towers deliver. Chic Tower sits on the canal edge, ensuring permanent water views and walkable access to the promenade dining and leisure strip.
Content Reviewed By: Vikas Taneja — RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
DAMAC Chic Tower is located on the Dubai Water Canal in Business Bay, Dubai directly south of Downtown Dubai and adjacent to DIFC. The tower is 9 minutes from Burj Khalifa and Dubai Mall, 13 minutes from Dubai International Airport, and sits on the canal promenade with waterfront dining and leisure access at the door.
Chic Tower offers studios, 1, 2, 3, 4-bedroom apartments & 4 bed villas ranging from 413 to 1,463 sq.ft. All units include fitted kitchens, private balconies, and canal or Burj Khalifa views. Upper-floor residences feature personal terraces and infinity pools. Interiors are branded by de GRISOGONO.
The booking amount for DAMAC Chic Tower is 20%. Starting prices begin at AED 1.2 M for a studio, meaning a booking commitment of AED 166,000. For current availability and pricing, contact the Dubai Housing team.
Chic Tower follows a 20/60/20 plan: 20% on booking, 60% during construction in staged instalments, and 20% on completion 2026. This structure spreads the majority of capital over the build window, making it accessible for both investors and end-users.
DAMAC Chic Tower is scheduled for handover in 2026. Construction is underway with the project approximately 30% complete. DAMAC Properties has an extensive delivery track record across Business Bay and the wider Dubai market.
Yes units valued at AED 2 million or above qualify for the UAE’s 10-year Golden Visa. At Chic Tower, 2-bedroom and larger apartments exceed this threshold. Additionally, all units above AED 750,000 qualify for the 3-year investor visa via the Taskeen Programme upon handover. Confirm specific unit valuations with the Dubai Housing team
Chic Tower combines three strong fundamentals: a canal-front Business Bay location with 6–7% gross rental yields, de GRISOGONO branding that commands a resale premium over non-branded stock, and a wellness-first amenity programme with no equivalent in the district. Add 0% income tax on rental returns, RERA escrow protection, and Golden Visa eligibility and the investment case is clear.
Limited Period: Free DLD Waiver on select units
