Nestled in the thriving area of Business Bay, Chic Tower is a high-end development by DAMAC Properties, which will span across a total of 41 levels.
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You can become a proud owner of a ‘chic’ 1-bedroom apartment in Chic Tower for a minimum of AED 1.46M (USD 397K).
Chic Tower will be conveniently located alongside the bank of the Dubai Water Canal, right next to the junction of Marasi Dr, Al Khaleej Al Tejari 1 St and Al A’mal St. This means that property owners will be able to take advantage of the excellent road network to/from some of the most coveted Dubai addresses. In fact, travel time to Dubai International Airport and Dubai Marina, alongside other ever popular destinations, will not exceed 20 minutes' from Chic Tower.
For those preferring to travel by public transport, there is good news as well, as there are plenty of options to be found within the immediate vicinity of the Chic Tower homes. These include, but are not limited to Clover Bay Station 1, The Binary Tower, Business Bay Marine Transport Station and Business Bay Metro Station, just to name a few.
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Upon handover of Chic Tower in Q2 2026, you will have the opportunity to obtain a 3-year investor visa, which can be renewed multiple times. Called the Taskeen Programme by the Dubai Land Department (DLD), this scheme requires a real estate investment worth at least AED 750K (USD 205K) and the chosen development must be completed to qualify.
On the other hand, if you acquire an apartment worth over AED 2M (USD 545K), you will become eligible for a 10-year Golden Visa, which has plenty of perks, among which is an Esaad card. Granted to all Golden Visa holders in Dubai, the card provides you with special offers and discounts in over 7,000 brands across 90 countries, besides the UAE. Please note that you will be able to apply for this visa, once Chic Tower is ready to move into.
Chic Tower boasts close proximity to an array of popular Dubai attractions, which are The Dubai Fountain, Dubai Opera and The Dubai Mall, among others, which are all easily accessible within a 30-minute walk from the development. Apart from using an apartment in this project as your own residence, you can rent it out to business professionals or tourists and enjoy a lucrative income. As revealed by Property Finder, the gross ROI for 1-bedroom apartments in Business Bay has reached 6.4%, as of Q4 2022, which is one of the highest indicators in Dubai. At the same time, it costs a minimum of AED 55K (USD 15K) per annum to rent a 1-bedroom property in this neighbourhood.
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