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CHIC TOWER

by PAX INVESTMENT L.L.C·BUSINESS BAYResidentialFreeholdOff-plan Heavy

Development & Handover Profile

⚠️ Past Expected Date

Construction Progress47.8%

Project Start

Mar 15, 2023

Expected Handover

Jul 30, 2025

Official Status

ACTIVE

Total Units

467

Avg Unit Size

841 sqft

Freehold Ratio

100%

Escrow Agent

Mashreq Bank PJSC

Median Price

AED 1.30M

PSF

AED 2,126/sqft

Sales 12M

vs Area

-6.2%

Asset Turnover

ⓘ

1.9%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

467

Avg Unit Size

841 sqft

Studio

49.5%

0.6%

1BR

32.3%

2BR

17.3%

4BR+

0.2%

Room Configuration

Unit Type	Count	Share
Studio	231	49.5%
1BR	151	32.3%
2BR	81	17.3%
NA	3	0.6%
4BR+	1	0.2%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit Type	Inventory Share	Sales Share (12M)	Demand Index	Status
Studio	49.8% 231 units	63.0% 17 sold	1.27	🔥 HIGH DEMAND
1BR	32.5% 151 units	25.9% 7 sold	0.80	⚠️ LOW DEMAND
2BR	17.5% 81 units	11.1% 3 sold	0.63	⚠️ LOW DEMAND
4BR+	0.2% 1 units	0.0% 0 sold	—	⚠️ STAGNANT

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
5 Aug 2026	BUSINESS BAY	1BR	AED 1.59M	AED 2,049/sqft	Off-plan	Freehold
3 Aug 2026 Published 4 Aug 2026	BUSINESS BAY	Studio	AED 1.01M	AED 2,094/sqft	Off-plan	Freehold
22 Jul 2026	BUSINESS BAY	Studio	AED 1.35M	AED 2,728/sqft	Off-plan	Freehold
1 Jul 2026	BUSINESS BAY	Studio	AED 460K	AED 2,139/sqft	Off-plan	Freehold
25 Jun 2026	BUSINESS BAY	1BR	AED 2.79M	AED 2,862/sqft	Off-plan	Freehold
22 Apr 2026	BUSINESS BAY	1BR	AED 1.95M	AED 1,997/sqft	Off-plan	Freehold
22 Apr 2026 Published 23 Apr 2026	BUSINESS BAY	1BR	AED 2.98M	AED 3,191/sqft	Off-plan	Freehold
25 Mar 2026	BUSINESS BAY	Studio	AED 1.14M	AED 2,309/sqft	Off-plan	Freehold
6 Mar 2026 Published 9 Mar 2026	BUSINESS BAY	Studio	AED 1.07M	AED 2,113/sqft	Off-plan	Freehold
24 Feb 2026	BUSINESS BAY	1BR	AED 2.96M	AED 3,131/sqft	Off-plan	Freehold
17 Feb 2026 Published 18 Feb 2026	BUSINESS BAY	Studio	AED 1.10M	AED 2,230/sqft	Off-plan	Freehold
13 Feb 2026	BUSINESS BAY	Studio	AED 1.25M	AED 2,691/sqft	Off-plan	Freehold
4 Feb 2026	BUSINESS BAY	Studio	AED 1.05M	AED 2,155/sqft	Off-plan	Freehold
3 Feb 2026	BUSINESS BAY	Studio	AED 1.09M	AED 1,718/sqft	Off-plan	Freehold
26 Jan 2026	BUSINESS BAY	1BR	AED 1.82M	AED 2,334/sqft	Off-plan	Freehold
20 Jan 2026	BUSINESS BAY	1BR	AED 2.75M	AED 3,130/sqft	Off-plan	Freehold
14 Jan 2026	BUSINESS BAY	Studio	AED 954K	AED 2,218/sqft	Off-plan	Freehold
6 Jan 2026 Published 7 Jan 2026	BUSINESS BAY	Studio	AED 1.25M	AED 2,525/sqft	Off-plan	Freehold
12 Dec 2025	BUSINESS BAY	Studio	AED 1.05M	AED 1,835/sqft	Off-plan	Freehold
8 Dec 2025	BUSINESS BAY	Studio	AED 1.00M	AED 2,160/sqft	Off-plan	Freehold
21 Nov 2025	BUSINESS BAY	Studio	AED 939K	AED 2,003/sqft	Off-plan	Freehold
20 Nov 2025	BUSINESS BAY	Studio	AED 1.05M	AED 2,136/sqft	Off-plan	Freehold
20 Oct 2025	BUSINESS BAY	2BR	AED 4.36M	AED 2,773/sqft	Off-plan	Freehold
3 Sep 2025	BUSINESS BAY	2BR	AED 2.84M	AED 1,617/sqft	Off-plan	Freehold
2 Sep 2025	BUSINESS BAY	Studio	AED 999K	AED 2,004/sqft	Off-plan	Freehold
28 Aug 2025	BUSINESS BAY	Studio	AED 903K	AED 2,099/sqft	Off-plan	Freehold
26 Aug 2025	BUSINESS BAY	2BR	AED 2.96M	AED 1,904/sqft	Off-plan	Freehold
5 Aug 2025	BUSINESS BAY	1BR	AED 2.10M	AED 2,202/sqft	Off-plan	Freehold
5 Aug 2025	BUSINESS BAY	1BR	AED 1.88M	AED 2,148/sqft	Off-plan	Freehold
5 Aug 2025	BUSINESS BAY	1BR	AED 1.95M	AED 2,062/sqft	Off-plan	Freehold