Distress Deal | AED 2,700,000 | 2BR Apartment in Chic Tower at Business Bay by DAMAC Properties | AED 224K Below OP

Distress Deal in Business Bay | Chic Tower by DAMAC

A motivated seller opportunity is now available in Chic Tower by de Grisogono, one of the most distinctive upcoming luxury developments in Business Bay, Dubai. This 2-bedroom apartment measuring 1,539.24 sq ft (143 sq m) sits on a desirable middle floor with canal views, offering both lifestyle appeal and strong investment potential. Originally purchased for AED 2,924,000 + DLD, the seller is now prepared to close at AED 2,700,000, representing AED 224,000 below the original purchase price. With handover expected in Q2 2026, this creates an attractive entry point for investors looking to secure a luxury waterfront property at a discounted price.

Property Details

Attribute	Details
Property Type	2-Bedroom Apartment
OP + DLD (Original Price + Fees)	AED 2,924,000 + DLD
Selling Price (Distress)	AED 2,700,000 (Below OP)
Plot/Unit Size	1,539.24 sq ft (143 sq m)
Floor Level	Middle Floor
View	Dubai Canal View
Project	Chic Tower by de Grisogono
Developer	Damac Properties
Status	Under Construction
Handover	Q2 2026
Location	Business Bay

A Rare Distress Resale Opportunity in Chic Tower, Business Bay

Chic Tower is one of the most recognisable new developments rising along the Dubai Canal waterfront. Designed in collaboration with the luxury jewelry brand de Grisogono, the tower blends fashion-inspired architecture with high-end residential living. Units with direct canal views in new Business Bay developments are increasingly sought after, particularly those offering larger layouts above 1,500 sq ft. This apartment combines generous space with premium views, creating a product that appeals strongly to both investors and end-users. Buying below the original purchase price in a high-profile development is becoming rare, particularly in prime central districts like Business Bay.

Why the Chic Tower Apartment Is One of the Best Addresses in Business Bay

Developed by Damac Properties, the Chic Tower Apartment is positioned to become one of Business Bay’s most distinctive residential landmarks. The building’s design concept focuses on luxury wellness and lifestyle living, offering a range of amenities inspired by relaxation, beauty, and leisure. Residents will benefit from a range of lifestyle facilities, including swimming pools, fitness spaces, and wellness-focused amenities. Its position along the Dubai Canal ensures strong visual appeal and connectivity to Downtown Dubai and the surrounding central business districts. Business Bay’s proximity to Burj Khalifa, Dubai Mall, and DIFC also contributes to its continued popularity among professionals and investors.

Pricing Advantage & Market Comparison

Market Indicator	Value
Original Purchase Price	AED 2,924,000
Seller’s Asking Price	AED 2,700,000
Discount vs Original Price	AED 224,000 Below OP
Market Position	Competitive Entry for Canal View Units

This price positioning effectively makes the apartment a Distress Deal in Business Bay, allowing the next buyer to enter the project below the seller’s original acquisition cost.

Luxury Living in Business Bay — Everything You Want, Nothing You'll Compromise

Business Bay has evolved into one of Dubai’s most vibrant residential districts, offering waterfront living combined with direct access to the city’s main business and entertainment hubs. Residents enjoy proximity to Downtown Dubai while still benefiting from a modern neighbourhood filled with restaurants, cafes, and retail. The canal view orientation of this apartment adds an important premium factor. Waterfront views remain among the most desirable features in Dubai real estate, particularly for buyers seeking long-term value. At the same time, the 1,539 sq ft layout offers generous space compared to many newer developments, making the apartment attractive to both families and professional tenants.

Why Smart Investors Are Moving Fast

Business Bay continues to attract global investors due to its central location, strong rental demand, and proximity to Dubai’s most important commercial districts. Key reasons this opportunity stands out:

• Instant Equity – Buying AED 224K below the original purchase price creates built-in value from day one.
• High Rental Yield – Canal-facing two-bedroom apartments in Business Bay often command strong rental demand from professionals working in Downtown and DIFC.
• Capital Appreciation – Waterfront developments near Downtown Dubai historically benefit from steady long-term price growth.
• Developer Track Record – Damac Properties has delivered multiple high-profile residential projects across Dubai.
• Strong Resale Liquidity – Business Bay properties remain among the most actively traded apartments in the Dubai market.
• Lifestyle Premium – Canal views, luxury design, and proximity to Downtown create strong long-term demand.

About the Location: Business Bay

Business Bay is one of Dubai’s most dynamic mixed-use districts, combining residential towers, offices, waterfront promenades, and lifestyle destinations. Located next to Downtown Dubai, the area offers easy access to Sheikh Zayed Road, DIFC, and Dubai International Airport.

About Chic Tower

Chic Tower is a luxury development by Damac inspired by the design philosophy of de Grisogono, bringing a fashion-inspired aesthetic to the Dubai Canal skyline. The tower focuses on wellness-oriented amenities and elegant residential spaces.

About Distress Property Finder

Distress Property Finder specialises in sourcing below-market and urgent-sale opportunities across Dubai, helping investors secure premium real estate deals with strong value potential.

Why This Distress Deal in Business Bay Won’t Stay Available

Below-OP opportunities in high-profile developments are typically absorbed quickly by investors. Buyers seeking canal views and larger layouts are likely to recognise the pricing advantage immediately.

Interested? Act Before It’s Gone.

Opportunities like this do not stay available for long, especially in a landmark waterfront development. Request the brochure, floor plan, and payment details today. Secure this Distress Deal in Business Bay before it disappears from the market.

Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.