Canal Bay
Dubai · Business Bay · Canal Bay
Listed handover date has passed. Availability and timeline should be confirmed with us before relying on it.
Canal Bay is an apartment development by NED in Business Bay, Dubai. Prices start at AED 2,225,000. Homes are 2 to 3 bedroom apartments, from 1,099 to 1,449 square feet. The development is complete, with handover recorded for Q4 2024. Ownership is freehold.
Key facts
- Handover (past)
- Q4 2024
- Status
- Ready
- Ownership
- freehold
- Property types
- apartment
- Availability
- Limited availability, confirm with us
Available units
| Type | Area (sqft) | Bathrooms | Layouts | Starting price |
|---|---|---|---|---|
| 2 bedroom | 1,099 - 1,327 | 3 | 6 | AED 2,225,000 |
| 3 bedroom | 1,449 | 3 | 1 | AED 3,200,000 |
Amenities
- CCTV Security
- Gymnasium
- Shared Pool
- Children's Play Area
- Barbecue Area
Location
Canal Bay sits in Canal Bay.
Distance to landmarks (straight line)
- Business Bay1.0 km
- Dubai International Airport (DXB)12 km
- Palm Jumeirah16 km
- Expo City Dubai28 km
Straight-line distance from the project's coordinates, not a drive time.
Master plan
The developer’s own site plan for Canal Bay, showing how the buildings, roads and open space sit together.
How Canal Bay compares
Entry here is AED 2.2M, against a median of AED 2.0M across the 75 priced projects in Business Bay, which puts it above 41 of them and below 33. Handover lands in Q4 2024, alongside 104 other projects completing in the same quarter.
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 the entry price works out at
The cheapest unit with a published size is 1,099 square feet at AED 2,225,000, which works out at AED 2,025 per square foot. Stated sizes run from 1,099 to 1,449 square feet.
Handover and construction
Canal Bay handed over in Q4 2024.
Ownership and residency
Canal Bay 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 1,099 square foot entry unit that is about AED 15,000 to AED 24,000 a year.
Who it suits
The development is apartments in 2 to 3 bedroom layouts. Every layout is 2 bedrooms or more and the site has children's facilities, which is family stock rather than investor stock.
What is on site
Shared facilities recorded for Canal Bay are the standard Dubai block: CCTV security, gymnasium, shared pool, children's play area and barbecue area. 7 floor plans are published for it.
Frequently asked
What is the starting price at Canal Bay?+
Canal Bay starts at AED 2,225,000. The cheapest unit with a published size is 1,099 square feet, which is AED 2,025 per square foot.
When does Canal Bay hand over?+
Canal Bay is complete, with handover recorded for Q4 2024.
What sizes are available at Canal Bay?+
Canal Bay is apartments in 2 to 3 bedroom layouts, from 1,099 to 1,449 square feet.
Can a foreign buyer own a home at Canal Bay?+
Canal Bay is freehold, 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 threshold for the 10 year UAE golden visa.
Which community is Canal Bay in?+
Canal Bay is in Business Bay, Dubai. We track 80 projects in Business Bay.
Who is building Canal Bay?+
Canal Bay is developed by NED, who have 1 project in our catalogue.
Before you commit
Ask about Canal Bay
Payment plan, availability, floor plates, or a viewing of the show unit. It reaches an advisor with this project already attached, so the first reply answers the question rather than asking which one you meant.
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Canal Bay is an off-plan development by NED in Business Bay, priced from AED 2,225,000. See more NED projects or all 80 off-plan projects in Business Bay. Developer data, verified by our team on 1 Sept 2026. Confirm current details with us before making a decision.