Chic Tower review: what buyers should check in 2026

The data shows eight one-bedroom units priced between AED 3,102,000 and AED 5,328,000, with sizes from 970 to 1,973.13 square feet. A single four-bedroom unit is listed at AED 27,593,000 across 8,377 square feet. The advertised payment plan is 20% on booking, 40% after booking and 40% upon handover, with the published handover window falling in April 2026.

Business Bay is a mixed-use district in Dubai, and the area-level data provided for Chic Tower is indicative only. The average asking price across tracked inventory in Business Bay is AED 3,959,199 and the average rent is AED 17,989. These figures are quoted as indicative area-level averages only; the basis varies and they should not be used to form return projections.

Because the aggregate basis is not set out and the project's own micro-location is not described in the available data, buyers should physically inspect the site and verify access, surrounding development, road connections and any specific building position before relying on area averages.

More projects in Business Bay are listed at projects in Business Bay.

The advertised plan requires 20% on booking, 40% after booking and 40% upon handover. This means 60% of the price is payable before the published April 2026 handover, assuming the after-booking instalments are completed on schedule.

The exact timing of the after-booking payments is not stated in the available data, so a buyer should obtain a dated milestone schedule from the developer and confirm how it links to construction progress. The Dubai Land Department transfer fee of 4% should also be budgeted where it applies to the purchase.

The published one-bedroom mix comprises eight units with a minimum price of AED 3,102,000 and a maximum of AED 5,328,000. Sizes for these one-bedroom units range from 970 to 1,973.13 square feet, so the price band reflects a wide spread in unit area.

The only other published unit is a four-bedroom residence at AED 27,593,000 with a size of 8,377 square feet. Across all nine priced units, the overall minimum price is AED 3,102,000 and the overall maximum is AED 27,593,000.

Under the AED 2,500,000 threshold, there are zero units. Buyers specifically looking for property at or under AED 2,500,000 would not find a priced option in the current listing data and should confirm whether additional inventory exists beyond the nine units shown.

Escrow. Verify with DLD that Chic Tower has an active escrow account under Dubai Law No. (8) of 2007 and that all scheduled payments are deposited into that account only.

Oqood. Confirm that the sale will be registered through Oqood and obtain evidence of that registration before releasing further payments.

Service charges. No service charge figure is available for Chic Tower. Ask for the current RERA-approved service charge budget and confirm what it covers, how revisions are made and any historical cost basis where available.

Handover date. The published handover window is April 2026. Confirm the contractual handover date in the sale and purchase agreement and check any delay compensation or extension clauses.

Payment plan enforceability. The advertised 20% on booking, 40% after booking and 40% upon handover gives percentages but no dates for the after-booking instalments. Ask for a written, dated milestone schedule linked to construction progress and confirm the consequences of non-payment.

Chic Tower appears suited to buyers who are comfortable with Business Bay pricing above AED 2,500,000, because none of the nine priced units sits at or under that threshold. The one-bedroom range from AED 3,102,000 to AED 5,328,000 and the single four-bedroom at AED 27,593,000 indicate a high entry point relative to the indicative Business Bay average asking price of AED 3,959,199, though direct comparison is limited without unit-level detail.

The payment plan requires 20% on booking, 40% after booking and 40% at handover, so a buyer must plan for substantial interim commitments before the April 2026 handover. Oliva's free underwriting report provides a buy or do-not-buy verdict on a specific unit.