DAMAC Chic Tower

DAMAC Chic Tower

DAMAC Chic Tower has an advantageous location in the main business hub of the emirate – Business Bay. The residential project faces the Oberoi Hotel and is adjacent to the iconic Opus building. The development is situated near Al Mustaqbal Street, Sheikh Zayed Road and Burj Khalifa Boulevard.

The residential complex is surrounded by all the necessary infrastructure within a walking distance of the building, including a skatepark with garden, Full Circle EMS Fitness Center Business Bay, W Mart Supermarket, ZOOM, Spinneys, Dubai Islamic Bank, Rami Arabi Beauty Salon and much more.

Real estate in DAMAC Chic Tower will be in high demand among business professionals and young couples due to the strategic location in the Business Bay area, which has close proximity to some of the city’s most famous landmarks, and the necessary infrastructure to live everyday life. The starting rental price for a 1-bedroom apartment in similar projects in Business Bay constitutes AED 80,000 per annum, therefore, the estimated ROI will be at 8%.

Investors can also buy a full floor in DAMAC Chic Tower, which is a great investment because the price for real estate in the complex will rise as construction nears completion. In addition, by purchasing a property in this project owners will be eligible to apply for a 3-year investor visa or a 5-year UAE Golden visa, depending on the value of the real estate.
Key Highlights:

• Luxury studios, 1, 2, 3 & 4 bedroom apartments
• Designed exclusively by de GRISOGONO
• Developed & managed by Damac Properties
• Meandering 180-meter long lazy river
• Stunning visuals and iconic views of the neighbourhood
• Iconic locality connecting major parts of the city like Downtown and Burj Khalifa

Damac Chic Tower Payment Plan:

• 20%On Booking
• 60%During Construction
• 20%On Handover