Chic Tower: off-plan project in Business Bay
Chic Tower is an off-plan residential apartment project in Business Bay, registered with the Dubai Land Department as project no. 2460 and developed by Pax Investment L.L.C. From October 16, 2025 to October 16, 2026, 24 off-plan sales were registered there at a median price of AED 1,196,480 (AED 2,189 per sq ft); 80% of sales fall between AED 967,800 and AED 2,947,800.
- 24off-plan sales in 12 months
- AED 1,196,480median sale price
- AED 2,189median price per sq ft
- 47.8%construction progress (DLD)
- July 2025end date in the register
- 467registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,189 per sq ft, Chic Tower is 19.9% below the median of off-plan sales across the 32 projects tracked in Business Bay (AED 2,733 per sq ft), and 23.8% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 24 off-plan sales in 12 months, about 2 a month; number 28 by sales in Business Bay over the period.
- Construction: 47.8% complete in the DLD register, construction is under way; planned end July 2025.
- Profile: a concentrated project, 62.5% of sales are the same unit type (apartment · studio).
Chic Tower: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2460 |
| Registered developer | Pax Investment L.L.C (developer no. 1470) |
| Master developer | Business Bay (L.L.C) |
| Community (master project) | Business Bay |
| DLD area | Business Bay |
| Register status | active |
| Construction progress | 47.8% |
| Project start | March 15, 2023 |
| Planned end | July 30, 2025 |
| Registered units | 467 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Chic Tower off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · studio, at a median AED 1,050,000.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 15 | AED 1,050,000 | 945,000 – 1,250,000 | 46 m² (495 sq ft) | AED 2,155 |
| Apartment · 1 bedroom | 7 | AED 2,750,000 | 1,728,752 – 2,965,200 | 87 m² (936 sq ft) | AED 2,862 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · Studio: 62.5% of off-plan sales, with a median size of 46 m² (41 to 51 m² for 80% of them).
- Apartment · Studio: 62.5% (15 sales)
- Apartment · 1 bedroom: 29.2% (7 sales)
- Apartment · 2 bedrooms: 8.3% (2 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Chic Tower off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,066 in Q2 2024 to AED 2,309 in Q1 2026 (+11.8%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 4 | AED 2,299 | — |
| Q2 2024 | 20 | AED 2,066 | — |
| Q4 2024 | 5 | AED 2,210 | +7% |
| Q1 2025 | 17 | AED 2,867 | +29.7% |
| Q2 2025 | 6 | AED 1,933 | -32.6% |
| Q3 2025 | 13 | AED 2,062 | +6.7% |
| Q4 2025 | 5 | AED 2,136 | +3.6% |
| Q1 2026 | 11 | AED 2,309 | +8.1% |
| Q2 2026 | 3 | AED 2,862 | — |
| Q3 2026 | 4 | AED 2,116 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Business Bay
To gauge the rental market around Chic Tower: annual rents of Ejari contracts registered in Business Bay over the last 12 months (15,361 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 4,331 | AED 65,000 | 55,000 – 77,000 |
| Apartment · 1 bedroom | 7,008 | AED 85,000 | 75,000 – 105,000 |
| Apartment · 2 bedrooms | 3,186 | AED 129,640 | 110,000 – 150,000 |
| Apartment · 3 bedrooms | 749 | AED 189,000 | 160,000 – 220,000 |
| Apartment · 4 bedrooms | 82 | AED 300,000 | 193,812 – 375,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Chic Tower?
Chic Tower is in Business Bay, Dubai.
Further reading
- All off-plan projects in Business Bay
- All DLD sales at Chic Tower (new and resale)
- Business Bay property prices
- Business Bay rents
- All Pax Investment L.L.C projects
Other off-plan projects in Business Bay
- Binghatti Aquarise — AED 2,624/sq ft
- Downtown Residences — AED 2,769/sq ft
- Binghatti Skyrise — AED 2,888/sq ft
- Al Habtoor Tower — AED 2,733/sq ft
- One by Binghatti — AED 2,938/sq ft
- Tiger Sky Tower — AED 2,388/sq ft
- Binghatti Skyhall — AED 2,407/sq ft
- Peninsula Four — AED 2,530/sq ft
Same budget elsewhere in Dubai (around AED 1,196,480)
- WAREF residences by sido development, Jumeirah Village Circle — AED 1,190,520
- Alta View Skyhomes, Jumeirah Village Circle — AED 1,197,222
- Tulip Oasis 11, Majan — AED 1,189,145
- Sky Harmony by Peace Homes, Jumeirah Village Circle — AED 1,200,000
- Binghatti Ghost, Dubai Health Care City Phase 2 — AED 1,187,500
- Vincitore Aqua Dimore, Dubai Science Park — AED 1,204,500
Projects presented by Cevitas
Our Business Bay guides
Frequently asked questions
How much does a home at Chic Tower cost?
Over the last 12 months, the 24 off-plan sales registered with the DLD show a median price of AED 1,196,480, or AED 2,189 per sq ft; 80% fall between AED 967,800 and AED 2,947,800. The developer's current prices are on its price list.
When will Chic Tower be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 47.8% complete, with a planned end date of July 30, 2025. The handover date is confirmed by the developer.
Who is the developer of Chic Tower?
The DLD register lists Pax Investment L.L.C (developer no. 1470), in a community developed by Business Bay (L.L.C).
What unit types are sold at Chic Tower?
Off-plan sales over the last 12 months cover: apartment · studio (15), apartment · 1 bedroom (7), apartment · 2 bedrooms (2). Best-selling type: apartment · studio, at a median AED 1,050,000 for 46 m².
Has the price per sq ft at Chic Tower changed?
The median off-plan price moved from AED 2,066 per sq ft in Q2 2024 to AED 2,309 in Q1 2026, based on DLD-registered sales.
How do I get the Chic Tower price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.