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Damac Properties · Business Bay

Canal Heights

Handover Q2 2027Plan 20/60/20
Brochure
Starting price
AED 3.54M
From Studio
Price / sqft
size not yet published
Rental yield
6.2%
gross p.a., Business Bay avg
Capital appreciation
+5%
to handover (1.2y)
Popularity
42/100
demand index

About this project

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.

Location and Connectivity

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.

Amenities and Facilities

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.

Investment Considerations

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.

Gymnasium
Restaurants
Shared Pool
Children's Play Area
Swimming Pool
Retail Shops
Boutique Shopping
Canal Access
Waterfront Location
Personalized Lifestyle Services

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment
Buildings
1
Expected completion
30 Jun 2027

Project timeline

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

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

When will Canal Heights be completed?
The expected completion date for Canal Heights is June 2027.
Is Canal Heights a good investment opportunity?
Canal Heights offers canal-view apartments in Business Bay with access to amenities and proximity to Burj Khalifa. The location and rental potential may appeal to investors looking at the Dubai residential market, though all property investments carry market risks.
What is the payment plan for Canal Heights?
The payment plan requires 20% down payment at purchase, 60% during construction in installments, and the remaining 20% upon handover in 2027.
What is the starting price at Canal Heights?
Starting prices at Canal Heights begin at AED 3,538,000.
Who is developing Canal Heights?
Canal Heights is developed by DAMAC Properties, a Dubai-based developer with a portfolio of residential and commercial projects.