Chic Tower

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by DAMAC
467
Total Units
457
Sold
AED 1,517,000
Median Price
AED 2,130
Median Price /sqft
Construction progress: 84%
Start: Oct, 2022Completion: Jul, 2025

Chic Tower Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio231430 sqft - 630 sqftAED 1.1M (2,160 /sqft)AED 2,500 /sqft
-13.81
1 Bed151750 sqft - 1,970 sqftAED 2.8M (2,860 /sqft)AED 2,420 /sqft
18.25
2 Beds811,310 sqft - 1,750 sqftAED 4.4M (2,770 /sqft)AED 2,420 /sqft
14.71
4 Beds18,320 sqft - 8,320 sqftAED 2,560 /sqft
0

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
1Apartment, 340634972 sqft23.38 sqft Check Availability
4Apartment, 3401348,316 sqft417.11 sqft Check Availability
1Apartment, P4011,973 sqft21.19 sqft Check Availability
1Apartment, P4021,814 sqft19.32 sqft Check Availability
1Apartment, P4031,800 sqft17.98 sqft Check Availability
1Apartment, P4041,778 sqft15.98 sqft Check Availability
1Apartment, P4051,750 sqft13.34 sqft Check Availability
1Apartment, P4061,743 sqft10.01 sqft Check Availability
Commercial, RESTAURANT4,677 sqft0 sqft Check Availability
Commercial, RETAIL 02738 sqft0 sqft Check Availability
Commercial, RETAIL 03810 sqft0 sqft Check Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment1,074 sqft42.03 sqft 10AED 2,008,000AED 1,923 /sqft 27, Dec 2022
1Apartment955 sqft22.26 sqft 10AED 1,790,000AED 2,027 /sqft 29, Dec 2022
1Apartment914 sqft24.66 sqft 10AED 1,763,000AED 2,022 /sqft 29, Dec 2022
1Apartment786 sqft20.42 sqft 10AED 1,637,000AED 2,126 /sqft 01, Mar 2023
1Apartment760 sqft17.98 sqft 10AED 1,581,000AED 2,128 /sqft 01, Mar 2023
2Apartment1,575 sqft51.17 sqft 10AED 2,924,000AED 1,904 /sqft 29, Dec 2022
2Apartment1,506 sqft41.11 sqft 10AED 2,856,000AED 1,949 /sqft 29, Dec 2022
StudioApartment571 sqft16.41 sqft 10AED 1,095,000AED 2,054 /sqft 29, Dec 2022
StudioApartment508 sqft12.95 sqft 10AED 1,093,000AED 2,226 /sqft 09, Feb 2023
StudioApartment497 sqft12.15 sqft 10AED 1,028,000AED 2,124 /sqft 29, Dec 2022
StudioApartment499 sqft11.95 sqft 10AED 1,025,000AED 2,118 /sqft 19, Jan 2023
StudioApartment487 sqft11.26 sqft 10AED 1,008,000AED 2,127 /sqft 29, Dec 2022
StudioApartment468 sqft10.38 sqft 10AED 966,000AED 2,128 /sqft 29, Dec 2022
StudioApartment449 sqft7.43 sqft 10AED 956,800AED 2,210 /sqft 09, Oct 2024
StudioApartment450 sqft7.77 sqft 10AED 930,000AED 2,128 /sqft 28, Dec 2022

Chic Tower Real Estate Data – FAQ

  • What is the current property supply in Chic Tower?

    Chic Tower has a total residential supply of approximately units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Chic Tower?

    Chic Tower recorded 23 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Chic Tower?

    The median transaction price in Chic Tower is AED 2,220 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Chic Tower?

    The gross rental yield in Chic Tower is approximately %, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Chic Tower?

    Property prices in Chic Tower have shown a capital appreciation of 0% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Chic Tower?

    There are currently 1 active off-plan projects in Chic Tower, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Chic Tower?

    The total off-plan pipeline in Chic Tower includes approximately 467 units, which will significantly impact future supply and pricing dynamics.

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  • Is Chic Tower a good area for property investment?

    Chic Tower is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Chic Tower, this is %, indicating relatively strong income performance compared to global markets.

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