<h3>Project Information</h3>
Area: Business Bay
Zone: Dubai Development Authority (DDA)
Unit Count: 478
Escrow Account: 019000084732
Inspection Completion Percentage: 47.82
Inspection Date: 2025-07-16 10:49:05
Adoption Date: 2022-10-07 00:00:00

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

Dubai

### Project Information

**Area**: Business Bay

**Zone**: Dubai Development Authority (DDA)

**Unit Count**: 478

**Escrow Account**: 019000084732

**Inspection Completion Percentage**: 47.82

**Inspection Date**: 2025-07-16 10:49:05

**Adoption Date**: 2022-10-07 00:00:00

CHIC TOWER

License Number: 1470 |   
            Arabic Name: باكس للاستثمار ش.ذ.م.م | 
            Email: jamal@damacgroup.com | 
            Phone: -

Pax Investment L.L.C

Explore DAMAC Properties, a leading Dubai property developer renowned for luxury real estate, iconic projects like DAMAC Hills, and global collaborations with brands like Versace and Trump.

## About DAMAC Properties

Founded in 2002 by Emirati entrepreneur Hussain Sajwani, DAMAC Properties has grown into one of Dubai’s most influential real estate developers. As part of the DAMAC Group, established in 1982, the company has delivered over 47,000 homes globally, with 33,000 additional units under development as of 2024. Known for pioneering luxury living, DAMAC collaborates with high-end brands such as Versace, Fendi, and Paramount Hotels to create branded residences that redefine urban sophistication. Their portfolio spans residential towers, master-planned communities, and hospitality projects across the Middle East, Europe, and North America.

The developer’s signature projects include DAMAC Hills, a golf-centric community featuring the Trump International Golf Club Dubai, and DAMAC Lagoons, a Mediterranean-inspired waterfront development in Dubailand. With over 100 international awards for design and innovation, DAMAC combines architectural excellence with amenities like private parks, sports facilities, and wellness centers.

## Active and Upcoming Projects

DAMAC Properties continues to shape Dubai’s skyline with a mix of ready-to-move-in and off-plan developments. Key projects include:

1. **DAMAC Hills 2 (Akoya Oxygen)**
   - A 42-million-square-foot community in Dubailand, Akoya Oxygen emphasizes sustainability with 4.3 million sq ft of green space, golf courses, and family-friendly amenities like schools and clinics. The development includes Fiora at Golf Verde, offering luxury apartments with panoramic views, and Avencia 2 Villas, featuring modern townhouses surrounded by landscaped gardens.

2. **DAMAC Lagoons**
   - This Mediterranean-themed community in Dubailand features eight districts inspired by European coastal towns, such as Ibiza and Monaco. Residents enjoy artificial lagoons, beach clubs, and waterfront villas designed for resort-style living.

3. **Safa Two**
   - Located in Downtown Dubai, this twin-tower project includes luxury apartments with proximity to Burj Khalifa and Dubai Mall. Units feature bespoke interiors and access to infinity pools, fitness centers, and concierge services.

4. **Cavalli Estates**
   - A collaboration with fashion designer Roberto Cavalli, this DAMAC Hills project offers opulent villas with avant-garde designs, private pools, and 24/7 security.

5. **Elegance Tower**
   - Rising in Mohammed Bin Rashid City, this 55-story residential tower provides studios to penthouses with smart home technology and views of Downtown Dubai’s skyline.

For investors, DAMAC’s Pay 1% payment plans and flexible installment options make off-plan purchases accessible, while ready properties like Gems Estate and Coral Reef cater to immediate occupancy needs.

## Investment Opportunities

DAMAC’s projects are tailored for high returns, with prime locations in emerging areas like Dubailand and Business Bay. The DAMAC Hills 2 community, for instance, is positioned near Expo 2020 venues and Al Maktoum International Airport, ensuring strong rental demand. Additionally, the developer’s hospitality ventures, such as Radisson Hotel Apartments and Paramount Hotels, offer lucrative short-term rental options.

## Sustainability and Community Initiatives

DAMAC integrates eco-friendly practices into its designs, such as energy-efficient lighting and water recycling systems in Akoya Oxygen. The company also prioritizes social responsibility, donating millions to education and healthcare initiatives in the UAE.

## Contact DAMAC Properties

**Head Office:**
- DAMAC Executive Heights, 20th Floor
- Barsha Heights, Dubai, UAE
- PO Box 2195
- **Phone:** +971 4 373 1000
- **Sales Hotline:** +971 4 520 5400
- **Email:** connect@damacgroup.com

**Sales Offices:**
- DAMAC Hills 2 Community Center: Dubai Investment Park
- AYKON City Tower B: Sheikh Zayed Road, Dubai
- DAMAC Towers Riyadh: Olaya District, Saudi Arabia
- DAMAC Tower Beirut: Mina El Hosn, Lebanon

## Why Choose DAMAC Properties?

With a 20-year legacy, DAMAC Properties stands out for its innovative designs, strategic locations, and partnerships with luxury brands. Their projects cater to diverse budgets, from affordable studios to ultra-luxury villas, ensuring broad market appeal. Regular construction updates and transparent payment plans further solidify trust among investors. For those seeking a blend of luxury, convenience, and long-term value in Dubai’s dynamic real estate market, DAMAC remains a top-tier choice.

CHIC TOWER

07/2025

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Project Information

Pax Investment L.L.C

Contact Info

Lankea: Pax Investment L.L.C

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