Type of buildings:
PremiumCANAL HEIGHTS
1 325 000 AED - 4 210 000 AED
ID 325
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
Advantages
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 a 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
Features
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 one- and two-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 H2 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 child-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.
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 facade 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.
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
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.
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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4 210 000 AED2124 m²Completion date III quarter, 2027 (Off-plan)
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1 388 000 AED143 m²Completion date III quarter, 2027 (Off-plan)
Developer
291
Objects completed
286
Objects in work
2002
Founded in
DAMAC Properties has been shaping the Middle East's luxury real estate market since 2002. To date DAMAC has delivered c. 43,700 quality homes, with c. 28,000 more under way. DAMAC has become synonymous with iconic projects setting new standards for...
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