Apartment for Sale in Business Bay by Damac

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Off Plan

1 Bed Apartment for Sale in Business Bay – Chic Tower by Damac

developer logoDAMAC Properties
Business Bay
Apartment
0% Completed

About Property

Discover luxury living at Chic Tower by Damac in the vibrant Business Bay, Dubai. This exquisite 1-bedroom apartment offers a sophisticated urban lifestyle with stunning canal views. Spanning 483 sq. ft., the apartment features a modern design, high-quality finishes, and floor-to-ceiling windows that flood the space with natural light. Residents can enjoy world-class amenities, including an infinity pool with panoramic skyline views, a state-of-the-art gym, and a rejuvenating spa. The prime location in Business Bay provides easy access to Downtown Dubai, major highways, and the city's key attractions, making it an ideal choice for both residents and investors. Chic Tower offers an unparalleled living experience with its exclusive sky gardens, providing serene spaces for relaxation and leisure. The building's design incorporates Cavalli-branded interiors, adding a touch of elegance and sophistication. The apartment includes a premium kitchen with top-quality fittings, ensuring a seamless blend of style and functionality. The development also features smart home automation, enhancing convenience and modern living. The strategic location in Business Bay ensures high investment returns and a desirable lifestyle. The completion date in 2025 makes this an excellent opportunity to invest in a property with significant growth potential. The development is designed to cater to the needs of discerning individuals seeking a blend of luxury, comfort, and convenience. The proximity to Downtown Dubai and other key areas ensures easy access to dining, entertainment, and shopping destinations. The apartment's design maximizes space and natural light, creating a welcoming and comfortable living environment. The high-end gym and spa facilities promote a healthy and balanced lifestyle. The covered parking ensures convenience and security for residents. The concierge service provides added convenience, catering to residents' needs. The security features ensure a safe and secure living environment. The shared pool offers a refreshing escape from the city's heat. The shared spa provides a relaxing retreat. This property represents a unique opportunity to own a piece of Dubai's thriving real estate market. With its prime location, luxurious amenities, and stylish design, Chic Tower is an exceptional investment for those seeking a sophisticated urban lifestyle.

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Location

Business Bay

Expected ROI

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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
$261,900.00Onwards