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Damac Properties · Business Bay

Canal Heights 2

Handover Q3 2027Plan 20/60/20
Brochure
Starting price
AED 2.83M
From 1BR
Price / sqft
606
AED, derived from PropertyFinder unit data
Rental yield
6.2%
gross p.a., Business Bay avg
Capital appreciation
+6%
to handover (1.4y)
Popularity
47/100
demand index

About this project

Canal Heights 2 is a high-rise residential development in Business Bay offering studio, 1-bedroom, 2-bedroom apartments, and 3-bedroom and 4-bedroom duplexes. Positioned in one of Dubai's most connected business and lifestyle districts, the project provides convenient access to major commercial areas, retail destinations, and entertainment venues.

Design and Layout

The building features a curved facade inspired by blue topaz, designed to balance visual appeal with functional living spaces. Units offer views of the Dubai Canal, with layouts tailored to singles, professionals, and families seeking varying levels of space and privacy.

Amenities and Community

Residents have access to a gymnasium, shared swimming pool, kids' play area, and multiple F&B outlets within the development. The community includes landscaped walkways, a Starlight Club, and nearby shopping options. Security and health club facilities are integrated into the building.

Completion and Investment Outlook

Scheduled for completion in Q3 2027, Canal Heights 2 targets both end-users and investors attracted to Business Bay's established rental demand and connectivity. The developer's track record and the area's commercial density support the project's positioning in Dubai's residential market.

Health Club
Gymnasium
Restaurants
Shared Pool
Security
F&B Outlets
Kids' Play Area
Canal Views
Landscaped Walkways
Starlight Club
Shopping Options

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment, Duplex
Buildings
1
Expected completion
30 Sept 2027

Project timeline

  1. Booking Started
    10 Jun 2023 · completed
  2. Construction Started
    11 Jun 2023 · completed
  3. Expected Completion
    30 Sept 2027

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

Who is developing Canal Heights 2?
Canal Heights 2 is developed by DAMAC Properties, a Dubai-based developer with a portfolio of luxury residential and mixed-use projects across the emirate.
When will Canal Heights 2 be completed?
The project is scheduled for completion in September 2027.
What is the payment plan for Canal Heights 2?
The payment structure is 80/20: 20% down payment at launch, 60% in installments during construction, and 20% due on handover.
What is the starting price at Canal Heights 2?
Units start at AED 2,828,000.
Is Canal Heights 2 a good investment?
The project is located in Business Bay, a mature commercial and residential district with established rental demand. Its proximity to business hubs and the Dubai Canal may support rental yields and long-term value retention, though investment performance depends on broader market conditions.