Canal Heights
Waterfront studios and 1 and 2 bedroom apartments by Damac in Business Bay, inspired by the blue pearl with wave pools, snorkeling museum and yoga domes along the Dubai Canal.
Starting from
AED 1,255,000
Canal Heights is an off-plan development by DAMAC Properties in Business Bay, Dubai. Prices start from AED 1,255,000 with a 80/20 payment plan. Handover is expected 2027, 3 unit types are available.
Updated Oct 2026 · Peak Trust Global Real Estate
Project Highlights
- Bedrooms
- Studios, 1 and 2 BR
- Area Range
- 440 to 1270 sqft
- Payment Plan
- 80/20
- Handover
- Q2 2027
- Status
- Off-plan
- Developer
- DAMAC Properties
Market Intelligence
Data-driven investment insights for Canal Heights
Off-plan sales in Business Bay: 10,783 deals in 2023 to 15,281 in 2025, on pace for ≈8,964 in 2026. Prices in Business Bay have risen a steady 37% over the last 5 years. Canal Heights commands a 10–23% premium over the area average, in line with new premium stock.
15,281
Buyer demand
Peak-year area deals
+37%
Area price trend
Off-plan AED/sqft · 5-yr
AED 2,695
Price / sqft
Asking · 1 BR
222
Developer projects
DAMAC · #3 by sales
523
Total units
Off-plan registrations
Buyer Demand
Off-plan transactions per year · area
Off-plan sales in Business Bay: 10,783 deals in 2023 to 15,281 in 2025, on pace for ≈8,964 in 2026.
Solid = deals registered so far; outline = projected full-year from the year-to-date pace. Recent deals take a few weeks to appear in official records, so the current count is a conservative estimate.
Price Momentum
+37% · 5-yrOff-plan price per sqft (AED) · area
Prices in Business Bay have risen a steady 37% over the last 5 years.
Price Positioning
Median sold price by unit type (AED / sqft) · project vs wider area
Canal Heights commands a 10–23% premium over the area average, in line with new premium stock.
Developer Strength
DAMAC PROPERTIES GROUP
222
Total projects
66
Active now
A top-3 Dubai developer by sales volume, #3 by project count (of 823+): 118 delivered, 66 active.
Investor Snapshot
FreeFactual figures for serious investors: comparable sales, rental income & market structure.
Gross rental yield
District 1BR · indicative
Off-plan share
Area sales · recent
Booking capital
50% during construction
Recent Comparable Sales
| Date | Type | Sqft | AED/sqft | Price |
|---|---|---|---|---|
Source: official records · area
Rental Income Potential
Payment schedule (50 / 50)
Rents: registered Ejari contracts. Payment: from-price basis.
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Market data: Canal HeightsKey figures for Canal Heights in Business Bay from official transaction records. Updated Jul 2026.View source data
| Area price growth (5-yr) | +37% |
|---|---|
| Sold price / sqft (1-bed) | AED 2,831 |
| Area average price / sqft | AED 2,238 |
| Asking price / sqft (1-bed) | AED 2,695 |
| Total units (off-plan reg.) | 523 |
| Total projects | 222 |
|---|---|
| Delivered | 118 |
| Active / under construction | 66 |
| Rank by sales volume (Dubai) | #3 of 823 |
| Rank by projects (Dubai) | #3 of 823 |
| Year | AED / sqft |
|---|---|
| 2021 | AED 1,635 |
| 2022 | AED 1,783 |
| 2023 | AED 1,828 |
| 2024 | AED 2,143 |
| 2025 | AED 2,238 |
| Year | Transactions |
|---|---|
| 2023 | 10,783 |
| 2024 | 12,965 |
| 2025 | 15,281 |
Data computed by Peak Trust Analytics · Dubai market data powered by the Dubai Land Department (DLD) · Updated Jul 2026. Proprietary — not to be reused or redistributed without authorization. Not investment advice.
About Canal Heights – Business Bay, Dubai, UAE
Contact Peak Trust for Canal Heights
Phone
+971 50 226 0017Office Hours
Monday to Saturday, 10am to 11pm. Sunday closed.
Office Location
Office No. 903, Al Moosa Tower 2, 1503 Sheikh Zayed Road, Trade Centre First, Dubai, UAE
Peak Trust Global Real Estate is UAE's leading property consultancy. Contact our expert team for detailed information about Canal Heights, schedule viewings, and get assistance with financing options. Call us at +971 50 226 0017 or email [email protected].
Real Estate Agent | UAE | English, Arabic
Amenities & Features
Available Unit Types
Studio Apartment
Studio apartment with saleable area of approximately 440 sqft in Canal Heights overlooking the Dubai Canal.
Starting from
AED 1,255,000
1 Bedroom Apartment
1 bedroom apartment with saleable area of approximately 620 sqft in Canal Heights with contemporary interiors and large windows.
Starting from
AED 1,671,000
2 Bedroom Apartment
2 bedroom apartment with saleable area of approximately 1270 sqft in Canal Heights, offering generous living spaces and canal or city views.
Starting from
AED 3,429,000
| Unit Type | Bedrooms | Area Details | Starting Price | Action |
|---|---|---|---|---|
Studio Apartment | Studio | 440 sqft | AED 1,255,000 | |
1 Bedroom Apartment | 1 | 620 sqft | AED 1,671,000 | |
2 Bedroom Apartment | 2 | 1,270 sqft | AED 3,429,000 |
Payment Plan
80/20
- 20%
Deposit
Immediate
Initial deposit payable upon signing the sale agreement. 4 percent DLD fee is also due at this stage.
- 5%
1st Installment
Within 3 months of sale date
First construction installment payable 3 months after the sale date.
- 5%
2nd Installment
Within 6 months of sale date
Second construction installment payable 6 months after the sale date.
- 5%
3rd Installment
Within 9 months of sale date
Third construction installment payable 9 months after the sale date.
- 5%
4th Installment
Within 12 months of sale date
Fourth construction installment payable 12 months after the sale date.
- 4%
5th Installment
Within 15 months of sale date
Fifth construction installment payable 15 months after the sale date.
- 4%
6th Installment
Within 18 months of sale date
Sixth construction installment payable 18 months after the sale date.
- 4%
7th Installment
Within 21 months of sale date
Seventh construction installment payable 21 months after the sale date.
- 4%
8th Installment
Within 24 months of sale date
Eighth construction installment payable 24 months after the sale date.
- 3%
9th Installment
Within 27 months of sale date
Ninth construction installment payable 27 months after the sale date.
- 3%
10th Installment
Within 30 months of sale date
Tenth construction installment payable 30 months after the sale date.
- 3%
11th Installment
Within 33 months of sale date
Eleventh construction installment payable 33 months after the sale date.
- 3%
12th Installment
Within 36 months of sale date
Twelfth construction installment payable 36 months after the sale date.
- 3%
13th Installment
Within 39 months of sale date
Thirteenth construction installment payable 39 months after the sale date.
- 3%
14th Installment
Within 42 months of sale date
Fourteenth construction installment payable 42 months after the sale date.
- 3%
15th Installment
Within 45 months of sale date
Fifteenth construction installment payable 45 months after the sale date.
- 3%
16th Installment
Within 48 months of sale date
Sixteenth construction installment payable 48 months after the sale date.
- 20%
On Completion
On completion
Final payment due upon completion and handover of the unit.
Gallery
Developer Profile - DAMAC Properties
Learn more
Location
Nearby Places
Frequently Asked Questions
Canal Heights is located along the Dubai Water Canal in the Business Bay district of Dubai, surrounded by stylish residential towers, hotels and retail destinations in the city’s financial hub.
The project offers a mix of studio, 1 bedroom and 2 bedroom apartments. Each residence is designed with contemporary finishes, floor to ceiling windows and layouts that maximise canal and city skyline views.
Canal Heights features an 80/20 payment plan. Buyers pay 20 percent on booking, 60 percent through instalments from 3 to 48 months after the sale date, and the remaining 20 percent on completion, plus a 4 percent Dubai Land Department fee with the initial deposit.
Amenities include a wave pool, infinity lap pool, pearl snorkeling museum, yoga domes, spa facilities, rooftop observation and lounge areas, a grand lobby and promenade retail, creating a resort style waterfront lifestyle for residents.
Indicative starting prices are approximately AED 1255000 for studios, AED 1671000 for 1 bedroom apartments and AED 3429000 for 2 bedroom apartments, subject to availability and change by the developer.
The brochures describe Canal Heights as an off-plan project but do not state a specific handover quarter or year. Buyers should confirm the latest construction and handover timeline directly with Damac or an authorised sales agent.
Yes, Canal Heights is positioned directly beside the Dubai Water Canal in Business Bay, offering waterfront pools, terraces and promenades with views over the canal and the surrounding skyline.
Canal Heights is developed by DAMAC Properties.
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