What is the payment plan for Chic Tower?

Chic Tower by Damac is sold on a 20/40/40 plan: 20% on booking, 40% during construcion, 40% on completion, as published by the developer.

How much is the booking amount for Chic Tower?

20% of the price. On the cheapest unit at AED 1.5M that is AED 300,200.

How much do I pay before I get the keys to Chic Tower?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.5M that is AED 1.5M by handover in Q4 2026.

Does Chic Tower have a post-handover payment plan?

No. The published plan completes at handover in Q4 2026.

What are the registration fees on Chic Tower?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.5M that is AED 60,040. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Chic Tower?

Damac publishes Q4 2026, which is 3 months from now.

Damac · Business Bay · handover Q4 2026

Chic Tower payment plan

Chic Tower by Damac in Business Bay, Dubai is sold on a 20/40/40 payment plan. On the cheapest unit, starting from AED 1.5M, that is AED 1.5M (100%) paid by handover in Q4 2026. Handover is 3 months away.

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The Chic Tower payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	20%
During Construcion	40%
On completion	40%

On the cheapest unit (Studio–4 BR, AED 1.5M)

On booking	AED 300,200
During Construcion	AED 600,400
On completion	AED 600,400
Total (100%)	AED 1,501,000
Months to handover	3

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 1,501,000. Registration and other fees are not included.

The Chic Tower instalment schedule, line by line

Every instalment Damac publishes for Chic Tower, in order, with the charges listed alongside the plan.

Payment Plan

Published by Damac

Stage	Instalment	Share	On AED 1,501,000
On booking20%	On booking	20%	AED 300,200
	OQOOD feefee	fixed	AED 1,000
During Construcion40%	2 month after booking	40%	AED 600,400
On completion40%	On completion	40%	AED 600,400
Total of the plan		100%	AED 1,501,000

Lines marked fee (OQOOD fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by Damac; the dirham column applies each percentage to the published starting price of AED 1,501,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Chic Tower

The same plan, applied to the starting price Damac publishes for each size in the building.

Unit	From	On booking (20%)	During Construcion (40%)	On completion (40%)
Studiofrom 495 sq ft	AED 1,501,000	AED 300,200	AED 600,400	AED 600,400
1 bedfrom 972 sq ft	AED 3,102,000	AED 620,400	AED 1,240,800	AED 1,240,800
2 bedfrom 1,475 sq ft	AED 3,450,000	AED 690,000	AED 1,380,000	AED 1,380,000
4 bedfrom 8,316 sq ft	AED 27,593,000	AED 5,518,600	AED 11,037,200	AED 11,037,200

Starting price per size as published by Damac; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Chic Tower

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
Studio	AED 1,501,000	AED 60,040
1 bed	AED 3,102,000	AED 124,080
2 bed	AED 3,450,000	AED 138,000
4 bed	AED 27,593,000	AED 1,103,720

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Chic Tower

Chic Tower payment plan: questions buyers ask

What is the payment plan for Chic Tower?: Chic Tower by Damac is sold on a 20/40/40 plan: 20% on booking, 40% during construcion, 40% on completion, as published by the developer.
How much is the booking amount for Chic Tower?: 20% of the price. On the cheapest unit at AED 1.5M that is AED 300,200.
How much do I pay before I get the keys to Chic Tower?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.5M that is AED 1.5M by handover in Q4 2026.
Does Chic Tower have a post-handover payment plan?: No. The published plan completes at handover in Q4 2026.
What are the registration fees on Chic Tower?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.5M that is AED 60,040. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Chic Tower?: Damac publishes Q4 2026, which is 3 months from now.