Canal Heights 2

Key facts

Handover

Q3 2027

Status

Under construction

Construction progress

23%

Ownership

freehold

Property types

apartment, duplex

Availability

Available

Payment plan

Available units

Amenities

• Health Club
• Gymnasium
• Restaurants
• Shared Pool
• Security

Location

Canal Heights 2 sits in Canal Heights 2.

How Canal Heights 2 compares

Entry here is AED 2.8M, against a median of AED 2.0M across the 75 priced projects in Business Bay, which puts it above 49 of them and below 25. 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 Q3 2027, alongside 126 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 2,828,000 entry price, that is AED 566,000 to reserve a unit, AED 1,697,000 across the build, and AED 566,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 113,000 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 892 square feet at AED 2,828,000, which works out at AED 3,170 per square foot. Stated sizes run from 892 to 4,666 square feet.

Handover and construction

Handover is scheduled for Q3 2027. Construction was last recorded at 23% complete.

Ownership and residency

Canal Heights 2 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. On the 892 square foot entry unit that is about AED 12,000 to AED 20,000 a year.

Who it suits

The development is apartments and duplexes in 1 to 4 bedroom layouts. 1 bedroom units start at AED 2,828,000 and 4 bedroom units at AED 19,242,000, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for Canal Heights 2 lead with health club, alongside the gymnasium, restaurants, shared pool and security that most Dubai developments carry. 27 floor plans are published for it.

Frequently asked