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DAMAC Properties

Canal Heights 2

Business Bay, Dubai

Starting from

$334,922

Size

37 – 202

Payment plan

80/20 payment plan

Handover

Q2 2027

Est. ROI

7%

Tenure

Freehold

Studio1BR2BR3BR4BRDuplexFreehold$23/sqft service charge

From

$334,922

Payment Plan

80%During construction
20%On handover

Why Invest

Co-branded by De Grisogono with gilded interiors and 11-foot ceilings, supporting above-market rental premiums
Business Bay consistently delivers 6 to 8% rental yields, among the strongest for apartments in Dubai
Direct Dubai Water Canal frontage with unobstructed Burj Khalifa views
Business Bay Metro Station a 10-minute walk, reducing tenant vacancy risk
80/20 plan keeps capital outlay light through construction, with only 20% due at Q2 2027 handover
Studios from approximately $335,000, the most accessible entry point into branded Dubai residences

About This Project

Business Bay consistently delivers rental yields of 6 to 8 percent. What Canal Heights 2 adds to that baseline is a reason to charge more for it. DAMAC partnered with De Grisogono, the Swiss jeweller, to brand the interiors: gilded sanitary ware, glass chandeliers, marble finishes, and ceiling heights of 11 feet in a market where 9 feet is standard. That specification gap translates directly into premium achievable rents in the short-stay market. Canal-facing units look across to Burj Khalifa. Business Bay Metro is a 10-minute walk. The 80/20 payment structure keeps capital exposure modest until the Q2 2027 handover. Studios start at approximately $335,000, making this one of the more accessible entries into branded Dubai apartments.

Amenities & Features

50m infinity pool overlooking the Dubai Water Canal
180m lazy river with fountain features
Outdoor yoga domes
Calisthenics-focused outdoor gym
State-of-the-art indoor fitness centre
Juice bar
Luxury spa and beauty bar
Shell-shaped pearl-hunting pool feature
Designer cafe with De Grisogono-branded interior
Kids play area
Indoor and outdoor resident lounges
Dedicated F&B outlets

Location & Connectivity

Business Bay Metro Station (Red Line)
0.5 km
Dubai Mall
1.5 km
Burj Khalifa
1.8 km
Dubai Opera
2.0 km
Mediclinic The Dubai Mall
2.0 km
DIFC
2.5 km
Safa British School
3.5 km
Dubai International Airport (DXB)
15 km

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