Apartment for Sale in Business Bay by Damac

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Off Plan

Chic Tower

developer logoDAMAC Properties
Chic Tower, Business Bay, Dubai
Apartment
7.34% Completed

About Property

Welcome to Chic Tower, the latest and most luxurious project by Damac Properties. Located in the prestigious Business Bay, Dubai, Chic Tower offers a range of meticulously designed studios to 4 bedroom apartments. The premium location of Business Bay is known for its outstanding benefits and close proximity to all the exciting attractions that Dubai has to offer.

At Chic Tower, residents can enjoy a wide range of amenities including a shared pool, concierge service, 24/7 security, a kids play area, and a stylish lobby for entertaining guests. Whether you're looking for a serene place to relax or a convenient location to entertain friends and family, Chic Tower has everything you need to make the most of your time in Dubai.

With prices ranging from 2,328,000 AED to 5,172,000 AED, Chic Tower offers a luxurious lifestyle at a competitive price. Whether you're looking for a cozy studio or a spacious 4 bedroom apartment, Chic Tower has an option to suit every lifestyle and budget. Don't miss this opportunity to live in one of the most exclusive and distinct parts of Dubai.

Is This Home Your Lifestyle Match?

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Amenities

Kids Play Area
Kids Play Area
Shared Pool
Shared Pool
Lobby
Lobby
Concierge Service
Concierge Service
Security
Security

Nearby

Metro Station

R26 - Business Bay

School

Iranian Towheed Boys School
Japanese School
JSS Private School L.L.C
Lycee Francais Jean Mermoz L.L.C

Location

Chic Tower, Business Bay, Dubai

Expected ROI

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Layouts and Prices

Transaction History

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Payment Plans

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Photos

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Finishing examples
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Overview

Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
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From$628,560.00
Book At$125,712.00