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Canal Heights II
Canal Heights IIBusiness Bay
1,270,000 AEDstarting
2,763 AED/ft²
Delivery Date: Q1 2027
27 units28%Available Now
DAMAC Properties

Canal Heights II

Business Bay

Studio, 1 - 4 BedsApartment

Launch price

1,270,000 AED

Payment Plan: 20/60/20
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Buildings
Business Bay
Canal Heights II
DAMAC Properties

Canal Heights II

Business Bay

Studio, 1 - 4 BedsApartment

Launch price

1,270,000 AED

Payment Plan: 20/60/20

Canal Heights II

Business Bay

by DAMAC Properties

Booking
20%

Booking

Construction
60%

Construction

Handover
20%

Handover

Local Information

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Description

Canal Heights 2 offers off-plan apartments for sale in Business Bay, developed by DAMAC Properties in collaboration with de Grisogono. DAMAC's luxury residential project features 49 storeys and comprises 469 units. Residences include studios, one, two, three, and four-bedroom apartments and duplexes. The building is located directly on the Dubai Water Canal, providing views of the Burj Khalifa and the Downtown Dubai skyline. Amenities include an Elite Stars Club, a Jewellery Café, a wellness lagoon, and an infinity pool. The payment plan involves 20% on deposit, 60% during construction, and 20% upon handover. Anticipated completion for the project is scheduled for the third quarter of 2027.

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Price Analysis for Canal Heights II

Apartment

Studio

3%
262 units
429 – 563 ft²
No market history available yet

Starting price

1.27M

2,763 /ft²

Current price

1.31M

2,843 /ft²

Every bedroom
priced differently.

All chartsLaunch curvesLive comparables

Price History for Canal Heights II

DatePriceTypeBeds
30 Dec 20251,308,000ApartmentStudio459 ft²—2,850
30 Dec 2025
1,308,000
StudioApartment

459 ft²

—

2,850

A little more context
changes the read.

All transactionsAll transactionsSales and RentalsBoth sales and rentalsPrice per ft²Full price per ft²

Showing 1 most recent sales transactions

What's Available for Canal Heights II

Unit #TypeBedsFromBuilt-upInt. AreaExt. AreaFloor

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Price Trends

For units in Business Bay

Comparable Buildings in Business Bay

Assigned Schools

Affordability

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FAQ

Canal Heights II is situated along the waterfront of the Dubai Canal in Business Bay. This location provides residents with direct access to the canal promenade and proximity to the major business and leisure hubs of Downtown Dubai.
The building offers a mix of studio, 1, 2, and 3-bedroom apartments and duplexes. These residential units are designed to cater to both individual professionals and families seeking a waterfront address.
This development features a rooftop relaxation area with panoramic views, an infinity pool, and a fresh bar. The project is also noted for its design collaboration with de GRISOGONO, which influences its aesthetic and lifestyle offerings.
The tower appeals to investors looking for liquidity in a central district, as well as end-users who prioritize proximity to the Dubai Canal and Downtown Dubai. The project's unit variety and location make it a versatile option for both buy-to-live and buy-to-rent strategies.
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Price Trends

For units in Business Bay

AED/ft²

Mean Studio value
Canal Heights II: 2,843

AED/ft²

Mean value
Canal Heights II:

The full spread,
reveals the bias.

Every bedroom vs areaDeeper market contextLive benchmarks
Price trends provided by Dubai Land Department.

Comparable Buildings in Business Bay

BuildingPrice per ft²ConstructionHandoverDeveloper
The Peninsula Five 1Select Group
1,913 AED/ft²
32.7%
100%
Q4 2024
The Peninsula Five 1
1,913 AED/ft²32.7%
100%
Q4 2024
Select Group logo
The Sterling East HouseOmniyat
2,616 AED/ft²
8.0%
100%
Q3 2023
The Sterling East House
2,616 AED/ft²8.0%
100%
Q3 2023
Omniyat logo
Peninsula OneSelect Group
2,984 AED/ft²
5.0%
100%
Q2 2024
Peninsula One
2,984 AED/ft²5.0%
100%
Q2 2024
Select Group logo
Binghatti Aquarise Tower CBinghatti
2,631 AED/ft²
7.5%
21%
Q4 2026
Binghatti Aquarise Tower C
2,631 AED/ft²7.5%
21%
Q4 2026
Binghatti logo
15 Northside Tower 1Select Group
2,741 AED/ft²
3.6%
100%
Q2 2023
15 Northside Tower 1
2,741 AED/ft²3.6%
100%
Q2 2023
Select Group logo

The strongest comps
sit beyond the first pass.

Every ranked comparableEvery ranked comparableDeeper yield dataDeeper yield dataCross-building contextCross-building context

Neighborhood Overview

Map showing Business Bay neighborhood outline
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Business Bay
247 Buildings For You
Buy: AED 112K - 550.0M
YoY Price Change: +5.4%
Gross Yield: No rental data available yet
Neighborhood stats provided by Dubai Land Department.