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Canal Heights by DAMAC Properties

2-4BR

Bedroom Apartments

3,518,000 AED

Starting Price

2027 Q3

Handover

FLOOR PLAN

DESCRIPTION

Nestled in the sought-after Business Bay, Canal Heights stands as a premium residential masterpiece crafted by DAMAC Properties in collaboration with De Grisogono. This sleek development offers a collection of 376 branded studios and 1-2 bedroom apartments, adorned with chic interiors and thoughtfully designed spacious layouts. 

Immerse yourself in the beauty of the surroundings, as Canal Heights provides residents with breathtaking views of the Dubai Water Canal, creating an exquisite living experience. The property sizes range from 427 sq. ft to 1,559 sq. ft, boasting generous floor-to-ceiling heights of 11 ft. For those seeking more expansive options, full floors are available, offering total areas ranging from 5,915 sq. ft to 8,876 sq. ft. Each residence comes complete with a private balcony, ensuring unparalleled comfort for homeowners. 

Canal Heights is curated to deliver the ultimate in recreational and wellness experiences, featuring a range of enticing amenities: 

  • Yoga domes 
  • Underwater pearl museum 
  • Interactive fountain feature with a walkthrough option 
  • Shell-shaped waves pool with blue pearls underwater 
  • Zorb balls 
  • Infinity lap pool with an iridescent-tiled base 
  • Scrubs bar 
  • Bubbles arena play with a glass bubble fountain 

Embark on a journey of luxury living at Canal Heights, where every detail is meticulously designed to elevate your lifestyle. 

PROPERTY INFORMATION

  • Location Business Bay, Dubai, UAE 
  • Developer DAMAC 
  • Status of ProjectIn progress 
  • Type of ProjectResidential Tower 
  • UnitsStudios – 2BR Apartments 
  • Area from427 sq. ft. 
  • Total Amount of Units376 
  • Payment Plan80/20 

PROPERTY PRICES

  • Embark on a journey of sophisticated living with Canal Heights by DAMAC Properties. Secure your own slice of luxury with a 1-bedroom unit starting at just AED 1.25 million (USD 340,000). For those seeking expansive spaces, full-floor units are available for purchase at AED 18.22 million (USD 4.96 million). 
  • In the heart of Business Bay, The Sterling by OMNIYAT stands as another enticing option, offering a range of stylish studios, apartments, lofts, penthouses, townhouses, and garden units. Elevate your lifestyle with the diverse accommodation choices presented by The Sterling. 
  • Don’t miss out on these exclusive opportunities. Prices are valid for 2023. 

PAYMENT PLAN

  • 24% On Booking 
  • 56% On Construction 
  • 20% Handover in Q2 2027 

LOCATION

  • Situated along the picturesque Dubai Water Canal, Canal Heights offers seamless connectivity at the crossroads of Marasi Drive and Al Asayel Street. This prime location ensures effortless travel around the emirate, with Dubai Marina, Dubai International Airport, and Palm Jumeirah, among other hotspots, all within a convenient 20-minute drive. For those opting for public transport, Bay Square 2 and Bay Square 1 are conveniently located in close proximity. 
     
  • Within a leisurely 25-minute walk, residents of Canal Heights have access to a diverse array of social amenities, including: 
  • Choithrams Bay Square 
  • Carrefour 
  • Jumeirah International Nursery 
  • Blossom Downtown Nursery Dubai 
  • Blossom Business Bay Nursery 
  • UFC Gym Business Bay 
  • Modern Vet Downtown 
  • Aster Clinic, Business Bay (offering various medical services) 
  • Midline Bay Medical 
     
  • Additionally, the same short distance leads to some of Dubai’s most iconic attractions in Downtown Dubai, such as Dubai Mall, Dubai Opera, The Dubai Fountain, Burj Khalifa, Burj Park by Emaar, and Souk Al Bahar, providing an abundance of leisure and entertainment options. 

ECONOMIC APPEAL

  • Anticipated for completion in Q2 2027, Canal Heights presents an exciting off-plan investment opportunity with a flexible payment plan awaiting exploration through our dedicated real estate agents. Moreover, savvy buyers of full floor units enjoy an exclusive 2% discount. 
  • Considering Canal Heights for subsequent leasing proves to be a sound decision, given that 1-bedroom apartments in Business Bay yield an average gross ROI of 6.3% as of Q1 2023, based on Property Finder data. With a starting rental price of AED 60K (USD 16K), it’s a lucrative venture. For added convenience, explore our property management service, ensuring a hassle-free landlord experience. 
  • Notably, those investing a minimum of AED 750,000 (USD 204,000) in a Canal Heights property become eligible for a 2-year visa. Elevate your investment with a 10-year Golden Visa by opting for properties valued at least AED 2,000,000 (USD 545,000). 
  • Note: The price is valid for 2023. 

FAQ

Look no further – DAMAC Properties, in collaboration with De Grisogono, is the creative force shaping this exceptional project. Explore the synergy of renowned developers, ensuring a distinctive and innovative living experience at Canal Heights. 

This premium residential development finds its home in the heart of Business Bay, precisely at the crossroads of Marasi Dr and Al Asayel St. Dive into luxury living at this strategically located address. 

This exceptional development presents a variety of choices, including stylish studios, comfortable 1-2 bedroom apartments, and expansive full floor units. Find the perfect living space that suits your lifestyle. 

While Canal Heights is currently under construction, we’re aiming for a Q2 2027 completion. Stay tuned for the exciting prospect of moving into your new home in the heart of Business Bay. 

At DAMAC Properties, we’ve crafted an attractive 80/20 payment plan for Canal Heights, with a modest 20% booking fee. Explore convenient financing options and secure your investment today. 

Embark on a journey with Canal Heights, where the starting price for a 1-bedroom apartment is AED 1.25M (USD 340K), and for those seeking more, indulge in the luxury of a full floor with a minimum investment of AED 18.22M (USD 4.96M). 

Yes, investing in a property in Canal Heights opens the door to securing a long-term visa and establishing residency in Dubai. Dubai offers a range of residence-by-investment programs tailored to different property investment values, allowing you to choose the option that best suits your circumstances. 

If you invest a minimum of AED 750K (USD 204K), you become eligible for a 2-year investor visa. At the same time, a real estate investment worth at least AED 2M (USD 545K) provides you with a 10-year Golden Visa. 

Yes, Canal Heights is a freehold development, meaning that individuals of all nationalities can purchase property and enjoy full property ownership (100%) for an unlimited period. This open ownership policy has been instrumental in attracting foreign investors to Dubai’s thriving real estate market, fostering a diverse and vibrant community within Canal Heights. 

Certainly! Investing in a Canal Heights apartment is a smart choice, especially considering the impressive average gross yield of 6.3% for similar 1-bedroom units in Business Bay. As an added bonus, purchasers of full floor units can enjoy a special 2% discount during the promotional period. Living in Canal Heights also means enjoying exclusive access to amenities like yoga domes, an underwater pearl museum, a shell-shaped waves pool, and more. Unlock the potential of your investment! 

Canal Heights is an ideal residential choice in Dubai, particularly for young professionals. Surrounded by Grade-A offices and cutting-edge business facilities, this development offers a fantastic living environment, perfectly tailored for those seeking a vibrant and modern lifestyle. Elevate your living experience at Canal Heights! 

Business Bay stands out as one of Dubai’s top neighborhoods, celebrated for its outstanding social infrastructure. From nurseries and grocery stores to medical facilities, the area has it all. Within a short stroll, you can access key amenities like Carrefour, Jumeirah International Nursery, and Modern Vet Downtown, making everyday life convenient and enjoyable. Explore the advantages of living in the heart of Business Bay! 

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