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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Business Bay · August 2026

Chic Tower

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B5062-202608

Key takeaways

  • Median price for apartments: AED 1,301,500 (AED 22,295 per sqm), flat year on year.
  • Per sqm, apartments here are 1% below the Business Bay average of AED 22,535 (sales-weighted across areas).
  • 2 sales recorded in August 2026, down 75% from a year earlier.

1.Apartments2 sales · August 2026

Median sale priceAED 1,301,500-34.5%vs last year
Median price / sqmAED 22,295+0.1%vs last year1% below the Business Bay average
Sales recorded2-75.0%vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales100%2 of 2
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 2 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

28K25K22K8Sep 24May 25Jan 26Aug 26
Oct 24 · 24K /sqmAug 26 · 22K /sqm · 2 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20262AED 1,301,500AED 22,295——
July 20262AED 905,450AED 26,192——
June 20261AED 2,791,800AED 30,811——
May 20260————
April 20261AED 1,948,000AED 21,499——
March 20262AED 1,107,980AED 23,800——

2.Recent saleslast 15 registered in Chic Tower

DateUnitSize sqmPriceAED / sqmStatus
5 Aug 20261 bedroom72AED 1,595,000AED 22,055Off-plan
4 Aug 2026Studio45AED 1,008,000AED 22,535Off-plan
22 Jul 2026Studio46AED 1,350,900AED 29,361Off-plan
1 Jul 2026Studio20AED 460,000AED 23,023Off-plan
25 Jun 20261 bedroom91AED 2,791,800AED 30,811Off-plan
23 Apr 20261 bedroom87AED 2,976,000AED 34,345Off-plan
22 Apr 20261 bedroom91AED 1,948,000AED 21,499Off-plan
25 Mar 2026Studio46AED 1,142,960AED 24,852Off-plan
9 Mar 2026Studio47AED 1,073,000AED 22,748Off-plan
24 Feb 20261 bedroom88AED 2,958,000AED 33,702Off-plan
18 Feb 2026Studio46AED 1,096,000AED 24,004Off-plan
13 Feb 2026Studio43AED 1,250,000AED 28,969Off-plan
4 Feb 2026Studio45AED 1,050,000AED 23,194Off-plan
3 Feb 2026Studio59AED 1,089,000AED 18,492Off-plan
26 Jan 20261 bedroom72AED 1,817,920AED 25,123Off-plan

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Chic Tower over the last two years. It stays in the link and the PDF.

3.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology