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CANAL HEIGHTS

1 325 000 AED - 4 210 000 AED
ID 2994
Location:Business Bay, Dubai
TypeDevelopment
Completion dateIII quarter, 2027 (Off-plan)
Studiomin. 1 325 000 AED
1 bedroommin. 1 774 000 AED
2 bedroomsmin. 3 448 000 AED
Living space41 - 124 m²
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Advantages
Type of buildings:
Premium
Prestigious neighborhood
Business Bay
Beautiful view
20% after commissioning of the property
State-of-art architecture

Location

  • Close to the bus stop
  • Close to shopping malls
  • Close to schools
  • Close to the kindergarten
  • Prestigious district
  • Close to river or promenade
  • City view
  • Street view
  • River view
  • Beautiful view

Features

  • Panoramic windows
  • Panoramic glazing
  • Balcony
  • Terrace
  • Air Conditioners
  • Premium class
  • New development project

Outdoor features

  • Landscaped garden
  • Landscaped green area
  • Transport accessibility
  • Social and commercial facilities
  • Car park
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Features

  • CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 2
  • CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 3
  • CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 4

Type of complex

Canal Heights is a new premium residential project that will occupy an in-demand land plot within Business Bay, a prestigious mixed-use community famous for its ultra-modern skyscrapers. This complex is a multi-family house with studios and 1 and 2-bedroom apartments whose floor areas range from 41 to 122 m2. The project is currently at the implementation stage. As per the master plan, it is due for completion in the second half of 2027. Damac Properties, the leader in the Near East high-end property market, is responsible for the construction. This iconic developer attracts buyers with the ultra-modern design of its buildings, a wide range of on-premise amenities, and convenient locations.

Uniqueness

This premium project is a kids-friendly space that includes a number of amenities created specifically for children. Communal-use facilities designed to form good habits in residents will also be provided here, including a 24/7 gym with a wide choice of modern equipment, a swimming pool, and a tennis court. Socially significant facilities, such as kindergartens, educational establishments, hospitals, and some of the city’s best restaurants and entertainment venues, are also in the immediate vicinity of this multi-family house.

CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 5
CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 6

Building’s architecture and design

The exterior of Canal Heights is a vivid example of a contemporary architectural style. The striking skyscraper with a glass façade and a unique roof is finished in a monochrome colour scheme and shaped as a ship’s bow, blending seamlessly with the look of the high-end Business Bay district. The elegant and functional floor plans of studios and apartments are no inferior to the building’s exterior. The panoramic floor-to-ceiling windows not only offer great views of the iconic Dubai cityscape and the artificial water canal but also allow natural daylight into the rooms, making them look even more spacious. Every residence boasts an open-plan kitchen with built-in home appliances and accessories, a cosy dining area that separates the kitchen from the living room, a terrace, air conditioners, and other features that will provide the utmost comfort for the residents.

Financial benefits

Purchasing a property in a premium project makes good financial sense for both investors and regular home-hunters. At present, when the construction is still in early stages, buyers can close the deal on bargain terms and pay in instalments by a flexible plan. As the project approaches completion, studios and apartments will become more expensive, and investors will achieve guaranteed capital gains. They can also be sure of a consistently high rental income. In Business Bay, the payback term is the shortest for studios. The average return on investment in such properties is 6.71% per annum. One- and two-bedroom apartments yield a slightly lower return of 5.68% and 5.51% per annum, respectively.

CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 7
CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 8

Developer

Damac Properties is one of Dubai’s most respected developers and part of Damac Group. The former was established in 2002, while the Group as a whole has been shaping the Near East high-end property market since 1982. The company implements iconic residential, commercial, and mixed-use projects that are extremely popular among investors and common home-buyers. By now, the company has commissioned 42,000 high-quality residences, and another 28,000 properties are currently at various stages of construction. Damac’s developments set new standards of design and amenities for their residents, helping the UAE to become a global hospitality and luxury hub.

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Location
Dubai Mall
2 km
School
1000 m
ATM machine
300 m
Burj Khalifa
2.5 km
Pharmacy
500 m
Airport
15 km
Museum of The Future
5.5 km
Sea
6 km
CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE - 9
Business Bay

Business Bay is one of the most developed and sought-after areas of Dubai. The very name of the community speaks of its main purpose: the business sphere plays a key role here. However, investments in Dubai real estate for permanent residence or rental are also in high demand. The community harmoniously combines both commercial and residential real estate.

More about the district

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Payment plan
Payment number
Phase
Payment (%)
1st payment24%
On booking
24%
2nd Instalment56%
During Construction
56%
3rd Instalment20%
On Handover
20%
Properties in CANAL HEIGHTS
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Developer
Damac Properties
Damac Properties
60
Objects completed
53
Objects in work
2002
Founded in

DAMAC Properties has been shaping the Middle East’s luxury real estate market since 2002, delivering iconic residential, commercial and leisure properties across the region and beyond. DAMAC adds vibrancy to the cities in which its projects are...

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    CANAL HEIGHTS 2
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    1 301 000 AED - 5 755 000 AED
    Type DevelopmentCompletion date: III quarter, 2027 (Off-plan)Studio: min. 1 301 000 AED1 bedroom: min. 1 764 000 AED2 bedrooms: min. 3 404 000 AED3 bedrooms: min. 5 646 000 AEDDistance to the sea 6000 m
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  •
    CANAL CROWN APARTMENTS
    Dubai
    1 126 000 AED - 9 126 000 AED
    Type DevelopmentCompletion date: III quarter, 2027 (Off-plan)Studio: min. 1 126 000 AED1 bedroom: min. 1 994 000 AED2 bedrooms: min. 3 419 000 AEDDistance to the sea 8500 m
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  •
    DAMAC CHIC TOWER
    Dubai
    823 000 AED - 3 280 000 AED
    Type DevelopmentCompletion date: II quarter, 2026 (Off-plan)Studio: min. 823 000 AED1 bedroom: min. 1 460 000 AED2 bedrooms: min. 2 736 000 AEDDistance to the sea 8300 m
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