1BR Apartment in Chic Tower, Business Bay

This 1-bedroom apartment at Chic Tower by Damac Properties offers 1,743 sq ft in Business Bay, priced from AED 4,705,000 (about AED 2,699 per sq ft).

Chic Tower is a Damac Properties residential tower near the Dubai Canal waterfront in Business Bay, with studios and apartments; sales opened in March 2023. The Dubai Land Department lists it as project 2460 (Pax Investment L.L.C), registered in October 2022 with 467 units: 464 homes (231 studios, 151 one-bedroom, 81 two-bedroom and 1 four-bedroom) and 3 commercial units. Construction stood at 84.01% at the latest DLD inspection on 17 August 2026. Facilities include an infinity pool with city views, a fitness centre, a wellness spa and retail within the tower.

Downtown Dubai is about 5 minutes away by car, Dubai Mall about 10 minutes and Dubai International Airport about 15 minutes.

This large 1-bedroom layout suits buyers who want extra space in a canal-side Damac tower near Downtown.

What is the payment plan for Chic Tower? Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 2,699 per sq ft, this unit is around 11% above that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and market at handover.

When will Chic Tower be completed? The Dubai Land Department still shows 30 July 2025, which has passed with construction at 84.01% in August 2026, while our feed lists Q3 2026. Confirm the expected handover with Damac.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.