Canal Heights is a waterfront residential development in Business Bay offering studios, 1-bedroom, and 2-bedroom apartments with views of the Dubai Water Canal. Positioned as a continuation of the Chic Tower, the project is designed for urban living with canal-facing units.
Situated in Business Bay, the development is close to Burj Khalifa and Downtown Dubai, providing access to central business and leisure districts. The canal frontage offers a quieter setting while maintaining proximity to key areas.
Residents have access to a gymnasium, shared swimming pool, children's play area, and on-site restaurants. The project also includes retail outlets and boutique shopping within the development. Personalized lifestyle services are available to residents.
With completion scheduled for Q2 2027 and starting prices at AED 3,538,000, the development targets buyers looking for canal-view apartments in a central location. The payment structure includes a 20% down payment, 60% during construction, and 20% on handover.
Canal Heights by Damac Properties in Business Bay, Dubai is scheduled for handover in Q2 2027 (April–June 2027). Construction is estimated at ~25% based on the developer's reported phase.
The headline payment plan for Canal Heights is 20/60/20. See the full breakdown of booking, construction and post-handover instalments in the Financials tab.
Canal Heights offers 3 unit types:
Estimated gross rental yield: 6.2% p.a., benchmarked against current Business Bay rental data.
~25% — estimated from construction phase.