Chic Tower

1. Is it on schedule?48% built in July 2026, 12 months past its registered July 2025 handover · DLD project register, Jul 202648%Context
2. Is my money protected?Payments go to an escrow account at بنك المشرق (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,189/sqft, 18.5% below the Business Bay off-plan median across 47 projects-18.5%Context
4. Is it selling?24 off-plan sales registered in the last 12 months, of 464 units; the latest on 12 Oct 202624Context
5. Who is building it?The register names the master developer, Business Bay LLC; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك المشرق (شركة مساهمة عامة)

Master developer

Business Bay LLC

Registered start

March 2023

Configuration

G+5P+36F+R (G + 29) ,Residential.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Chic Tower be completed?

The developer registered handover for July 2025; that date has passed with no completion recorded, 12 months on, and the project was 48% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Chic Tower cost per square foot?

AED 2,189 per sqft, the median of 24 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.20M. That is 18.5% below the Business Bay off-plan median across 47 projects.

Is Chic Tower in escrow?

Yes: the Land Department register names بنك المشرق (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Chic Tower?

The register names the master developer, Business Bay LLC, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Chic Tower have?

464 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.