Canal Heights

Key facts

Handover

Q2 2027

Status

Under construction

Construction progress

24%

Ownership

freehold

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

• Gymnasium
• Restaurants
• Shared Pool
• Children's Play Area

Location

Canal Heights sits in Canal Heights.

How Canal Heights compares

Entry here is AED 3.5M, against a median of AED 2.0M across the 75 priced projects in Business Bay, which puts it above 56 of them and below 18. 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 Q2 2027, alongside 146 other projects completing in the same quarter. Damac Properties has 167 projects in our catalogue, 10 of them in Business Bay.

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 3,538,000 entry price, that is AED 708,000 to reserve a unit, AED 2,123,000 across the build, and AED 708,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 142,000 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.

Handover and construction

Handover is scheduled for Q2 2027. Construction was last recorded at 24% complete.

Ownership and residency

Canal Heights is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. 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.

Who it suits

The development is apartments in studio to 2 bedroom layouts.

What is on site

Shared facilities recorded for Canal Heights are the standard Dubai block: gymnasium, restaurants, shared pool and children's play area. 22 floor plans are published for it.

Frequently asked