New homes in Chic Tower start at AED 823,000; keys are due Dec 2026; you pay 20% to book, 20% while it is built and 60% at the keys.
In the 24 months to Nov 9, 2026, Dubai Land Department recorded 31 off-plan sales of studio apartments of 184 sq ft to 621 sq ft in CHIC TOWER. Their median price is AED 2,156 per sq ft (about AED 891,000 at 413 sq ft). This project's from price is AED 1,993 per sq ft (AED 823,000 for its smallest home, 413 sq ft), 8% less.
Keys
Dec 2026
The developer's handover date
Payment plan
20 / 20 / 60
20% to book, 20% while it is built, 60% at the keys
Bedrooms
Studio to 4 beds
Sizes
413 to 3,200 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,993 per sq ft
Similar off-plan homes: AED 2,156 per sq ft
RERA project
2460
Check it in Dubai REST, the Dubai Land Department's official app.
Built
84%
Being built. DLD register, Nov 11, 2026
Completion on the register
Jul 2025
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
بنك المشرق (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
467
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 20% as the building goes up, and 60% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
When you bookBooking · 20%
Booking
20%
AED 164,600+ AED 32,920 DLD fee
AED 197,520
As it is builtWhile it is built · 20%
While it is built
20%
AED 164,600
AED 362,120
At the keys (Dec 2026)Keys · 60%
Keys
60%
AED 493,800
AED 855,920
Booking payment, 20%
AED 164,600
Dubai Land Department fee (Oqood), 4%
AED 32,920
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 197,520
Total costPrice plus the DLD fee
AED 855,920
The handover date (Dec 2026) is too close or already past to estimate the dates. Ask the developer for its current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 31 off-plan sales of studio apartments of 184 sq ft to 621 sq ft in CHIC TOWER, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in CHIC TOWER sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 31 off-plan sales of studio apartments of 184 sq ft to 621 sq ft in CHIC TOWER, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,156 per sq ft
AED 1,598 to AED 1,826 per sq ft
3 sales
AED 1,826 to AED 2,054 per sq ft
4 sales
This project's from price is in this band.
AED 2,054 to AED 2,282 per sq ft
13 sales
AED 2,282 to AED 2,511 per sq ft
2 sales
AED 2,511 to AED 2,739 per sq ft
4 sales
AED 2,739 to AED 2,967 per sq ft
0 sales
AED 2,967 to AED 3,195 per sq ft
1 sale
AED 3,195 to AED 3,424 per sq ft
4 sales
AED 1,598 per sq ftAED 3,424 per sq ft
This project AED 1,993 per sq ft
Half of the sales sold for AED 2,081 to AED 2,568 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,598 to AED 1,826 per sq ft
3
AED 1,826 to AED 2,054 per sq ft
4
AED 2,054 to AED 2,282 per sq ft
13
AED 2,282 to AED 2,511 per sq ft
2
AED 2,511 to AED 2,739 per sq ft
4
AED 2,739 to AED 2,967 per sq ft
0
AED 2,967 to AED 3,195 per sq ft
1
AED 3,195 to AED 3,424 per sq ft
4
The 3 closest sales
Picked from the 31 similar sales above, closest in size to this project's smallest home.
Jan 2026AED 954,000AED 2,218 per sq ftCHIC TOWER, 430 sq ft
Aug 2025AED 903,000AED 2,099 per sq ftCHIC TOWER, 430 sq ft
Nov 2024AED 1,000,000AED 2,309 per sq ftCHIC TOWER, 433 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Business Bay in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 823,000 here
Off-plan medianAED 1,204,000AED 2,667 per sq ft
Sales868
8% below 31 similar sales
1-bed apartment
Off-plan medianAED 2,291,000AED 2,671 per sq ft
Sales1,749
2-bed apartment
Off-plan medianAED 3,570,000AED 2,691 per sq ft
Sales953
3-bed apartment
Off-plan medianAED 5,829,000AED 3,046 per sq ft
Sales219
4-bed apartment
Off-plan medianAED 12,289,000AED 3,094 per sq ft
Sales33
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
8.9%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
7.1%
Typical gross yield of similar ready homes
7.4%
Median rent of studio apartments in Business Bay
AED 73,000 a year
Service charge a year, from the keysThe area median, AED 30 per sq ft from 36 buildings, as of 2024, for the smallest home (413 sq ft)
AED 12,390
Rent contracts counted
2,745
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 73,000 a year
1-bed apartment
AED 98,000 a year
2-bed apartment
AED 140,000 a year
3-bed apartment
AED 200,000 a year
4-bed apartment
AED 327,500 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 73,000 ÷ AED 823,000 = 8.9%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Business Bay Metro Station900 m, 17 min walkMetro station
Jumeirah Beach3.7 km, 12 min driveBeach
Business Bay creek front1.2 km, 4 min driveWaterfront
Al Manar Quran Study Centre1.1 km, 18 min walkSchool
Horizon English School1.3 km, 20 min walkBritish school
Dubai International School1.7 km, 6 min driveAmerican school
Jumeirah Baccalaureate School3.9 km, 10 min driveIB school
JSS School1.3 km, 7 min driveIndian school
Bay Avenue Mall900 m, 15 min walkMall
Nexx Home Healthcare Services200 m, 3 min walkHospital
Chic Tower is a DAMAC Properties tower in Business Bay, branded by de GRISOGONO, with studio to four-bedroom apartments from AED 823,000 and a listed handover of December 2026, next month. The from price per square foot is 7.6% below 31 similar studio sales in this project (24 months to November 2026).
The Dubai Land Department lists 31 studio off-plan sales in Chic Tower in the 24 months to November 2026. The from price per square foot is 7.6% below those 31 similar sales. Ask for the price and size of a specific studio and compare it with them.
The plan is 20% on booking, 20% during construction and 60% at handover. At the from price that is AED 164,600 on booking, AED 164,600 during construction and AED 493,800 at handover. Separately, the 4% DLD fee comes to AED 32,920; ask when it is due. The listed handover is next month, so ask how far construction has got and whether the completion certificate has been issued.
The tower is a de GRISOGONO branded residence built around a wellness theme, and the developer describes views over the Dubai Canal. The listing gives sizes of 413 to 3,200 sq ft, with a 448 sq ft studio, one-bedroom homes of 484 to 1,973 sq ft and a 752 sq ft two-bedroom, and gives no three-bedroom size. Ask for the floor plan of the unit you want. Homes come unfurnished with fully equipped kitchens, and facilities include a spa, a gym, an outdoor gym, a shared pool, a play area and a barbecue area.
Business Bay Metro Station is about 900 m away, around 3 minutes by car, and the Business Bay creek front about 1.2 km. Horizon English School and JSS School are both about 1.3 km away. Jumeirah Beach is about 12 minutes by car.
