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Damac Properties · Business Bay

Canal Crown 2

Handover Q4 2027Plan 20/60/20
Brochure
Starting price
AED 3.33M
From Studio
Price / sqft
700
AED, derived from PropertyFinder unit data
Rental yield
6.2%
gross p.a., Business Bay avg
Capital appreciation
+7%
to handover (1.7y)
Popularity
42/100
demand index

About this project

Canal Crown 2 sits in Business Bay, a commercial and residential district in central Dubai. The tower overlooks the Dubai Water Canal, with views extending to Burj Khalifa and the Gulf. Damac Properties developed the project in collaboration with de GRISOGONO, a Swiss jewellery house known for bold design.

Residences and Layout

The building offers studios (432 sqft) through to four-bedroom duplexes (4,761 sqft). Apartments feature rounded balconies and integrated green spaces. Select super-luxury units include private swimming pools on the terrace. Two-bedroom units range from 1,335 to 4,242 sqft, while three-bedroom apartments span 1,988 to 4,591 sqft.

Facilities

  • Aqua Gymnasium and Swim VR: Water-based fitness sessions paired with virtual reality simulations of underwater environments.
  • Planet-Inspired Garden: Outdoor area with a swimming pool, jacuzzi, and sculptural planet models.
  • UFO SPA Relaxation Pods: Private pods designed for rest and sensory relaxation.
  • Observation Deck: Elevated platform offering night-time city views.

Connectivity

Business Bay provides quick access to Sheikh Zayed Road, Downtown Dubai, and Dubai International Financial Centre. The development is close to retail, dining, and leisure options along the canal.

Investment Profile

Delivery is scheduled for Q4 2027. The payment plan structures 20% on booking, 60% during construction, and 20% on handover. Pricing starts at AED 3.33 million. The project is freehold, offering full ownership rights.

Well-being and Fitness
CCTV Security
Gymnasium
Shared Pool
Security
Aqua Gymnasium
Swim VR
Planet-Inspired Garden
Jacuzzi
UFO SPA Relaxation Pods
Observation Deck
Private Terrace Pools
Rounded Balconies
Green Pockets

Project facts

Government fee
4%
Property types
Apartment
Buildings
1
Expected completion
27 Dec 2027

Project timeline

  1. Booking Started
    1 Mar 2023 · completed
  2. Construction Started
    21 Apr 2024 · completed
  3. Expected Completion
    27 Dec 2027

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

What types of apartments are available in Canal Crown 2?
Canal Crown 2 offers studios (432 sqft), one-bedroom units (811 sqft), two-bedroom apartments (1,335–4,242 sqft), three-bedroom units (1,988–4,591 sqft), and four-bedroom duplexes (4,761 sqft). Select units include private terrace pools. All apartments feature rounded balconies, integrated green spaces, and views of the Dubai Water Canal or city skyline.
What is the starting price for Canal Crown 2?
The starting price is AED 3.33 million. Two-bedroom apartments begin at AED 3.3 million.
What is the payment plan for Canal Crown 2?
The payment plan requires 20% on booking, 60% during construction, and 20% on handover.
Is Canal Crown 2 a good investment?
Canal Crown 2 is located in Business Bay with views of the Dubai Water Canal, Burj Khalifa, and the Gulf. It offers studios through four-bedroom duplexes, including super-luxury units with private terrace pools. Amenities include an aqua gymnasium with VR, a planet-inspired garden, UFO spa pods, and an observation deck. The development is freehold.
Who is developing Canal Crown 2?
Damac Properties is the developer. The project is designed in collaboration with de GRISOGONO.
Where is Canal Crown 2 located?
Canal Crown 2 is in Business Bay, Dubai, within the Canal Crown community.
When is Canal Crown 2 scheduled for completion?
The delivery date is Q4 2027.
Is Canal Crown 2 freehold or leasehold?
Canal Crown 2 is freehold, granting full ownership rights without time restrictions.