Canal Crown 2

Key facts

Handover

Q4 2027

Status

Under construction

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

• Well-being and Fitness
• CCTV Security
• Gymnasium
• Shared Pool
• Security

Location

Canal Crown 2 sits in Canal Crown 2.

How Canal Crown 2 compares

Entry here is AED 3.3M, against a median of AED 3.4M across the 2 priced projects in Canal Crown, the lowest entry price in the community. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q4 2027, alongside 250 other projects completing in the same quarter. Damac Properties has 167 projects in our catalogue, 2 of them in Canal Crown.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 20% on booking, 60% during construction and 20% at handover. At the AED 3,334,000 entry price, that is AED 667,000 to reserve a unit, AED 2,000,000 across the build, and AED 667,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 133,000 at this entry price. That 20% booking payment does not go to Damac Properties directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 1,335 square feet at AED 3,334,000, which works out at AED 2,497 per square foot. Stated sizes run from 432 to 4,761 square feet.

Ownership and residency

The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 432 square foot entry unit that is about AED 6,000 to AED 10,000 a year.

Who it suits

The development is apartments in studio to 4 bedroom layouts.

What is on site

Shared facilities recorded for Canal Crown 2 lead with well-being and fitness, alongside the CCTV security, gymnasium, shared pool and security that most Dubai developments carry. 8 floor plans are published for it.

Frequently asked