New homes in Canal Crown start at AED 1,990,000; keys are due Jun 2027; you pay 20% to book, 60% while it is built and 20% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 89 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Business Bay. Their median price is AED 2,799 per sq ft (about AED 1,122,000 at 401 sq ft). This project's from price is AED 4,963 per sq ft (AED 1,990,000 for its smallest home, 401 sq ft), 77% more.
Keys
Jun 2027
The developer's handover date
Payment plan
20 / 60 / 20
20% to book, 60% while it is built, 20% at the keys
Bedrooms
Studio to 4 beds
Sizes
401 to 4,761 sq ft
Ownership
Freehold
Property types
Apartment, Villa, Townhouse, and Duplex
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 4,963 per sq ft
Similar off-plan homes: AED 2,799 per sq ft
RERA project
2625
Check it in Dubai REST, the Dubai Land Department's official app.
Built
18%
Being built. DLD register, Jun 12, 2026
Completion on the register
Feb 2027
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
مصرف ابوظبى الاسلامى
The bank that holds your payments
Registered homes
327
In 1 buildings
Paying for it
You pay 20% when you book, 60% as the building goes up, and 20% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 398,000
Jan 2027
While it is built
30%
AED 597,000
Apr 2027
While it is built
30%
AED 597,000
Jun 2027
Keys
20%
AED 398,000
Booking payment, 20%
AED 398,000
Dubai Land Department fee (Oqood), 4%
AED 79,600
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 477,600
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Buildings in this area paid a median of AED 30 per sq ft a year in 2024, from 36 buildings on the Dubai Land Department register. For the smallest home (401 sq ft) that is about AED 12,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 89 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Business Bay, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in CANAL CROWN sold in 24 months, so we compare with off-plan sales across Business Bay.
Dubai Land Department recorded 89 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Business Bay, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,799 per sq ft
AED 2,139 to AED 2,337 per sq ft
4 sales
AED 2,337 to AED 2,536 per sq ft
5 sales
AED 2,536 to AED 2,735 per sq ft
23 sales
AED 2,735 to AED 2,934 per sq ft
29 sales
AED 2,934 to AED 3,133 per sq ft
7 sales
AED 3,133 to AED 3,331 per sq ft
15 sales
AED 3,331 to AED 3,530 per sq ft
4 sales
AED 3,530 to AED 3,729 per sq ft
2 sales
AED 2,139 per sq ftAED 3,729 per sq ft
This project AED 4,963 per sq ft, above every sale
Half of the sales sold for AED 2,676 to AED 3,127 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 2,139 to AED 2,337 per sq ft
4
AED 2,337 to AED 2,536 per sq ft
5
AED 2,536 to AED 2,735 per sq ft
23
AED 2,735 to AED 2,934 per sq ft
29
AED 2,934 to AED 3,133 per sq ft
7
AED 3,133 to AED 3,331 per sq ft
15
AED 3,331 to AED 3,530 per sq ft
4
AED 3,530 to AED 3,729 per sq ft
2
The 3 closest sales
Picked from the 89 similar sales above, closest in size to this project's smallest home.
Mar 2026AED 1,124,999AED 2,807 per sq ftBinghatti Skyhall, 401 sq ft
Feb 2026AED 1,132,000AED 2,824 per sq ftBinghatti Skyhall, 401 sq ft
Dec 2025AED 1,129,000AED 2,817 per sq ftBinghatti Skyhall, 401 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Business Bay in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 1,990,000 here
Off-plan medianAED 1,204,000AED 2,667 per sq ft
Sales868
77% above 89 similar sales
1-bed apartment
Off-plan medianAED 2,291,000AED 2,671 per sq ft
Sales1,749
2-bed apartment
Off-plan medianAED 3,570,000AED 2,691 per sq ft
Sales953
3-bed apartment
Off-plan medianAED 5,829,000AED 3,046 per sq ft
Sales219
4-bed apartment
Off-plan medianAED 12,289,000AED 3,094 per sq ft
Sales33
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
3.7%
Typical for similar ready homes
7.4%
Median rent of studio apartments in Business Bay
AED 73,000 a year
Rent contracts counted
2,745
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 73,000 a year
1-bed apartment
AED 98,000 a year
2-bed apartment
AED 140,000 a year
3-bed apartment
AED 200,000 a year
4-bed apartment
AED 327,500 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 73,000 ÷ AED 1,990,000 = 3.7%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Business Bay Metro Station2.2 km, 5 min driveMetro station
Mercato Beach5 km, 12 min driveBeach
Business Bay creek front800 m, 13 min walkWaterfront
Dubai International School2.2 km, 7 min driveSchool
Hartland International School2.3 km, 13 min driveBritish school
Canal Crown is a DAMAC Properties project in Business Bay with studios, apartments and duplexes from AED 1,990,000, and the listed handover is June 2027. Our price check puts the from price per square foot 77% above the median of 89 off-plan studio sales in Business Bay in the 12 months to October 2026.
In the 12 months to October 2026, the Dubai Land Department recorded 89 off-plan studio sales in Business Bay. Our check puts the from price per square foot 77% above their median. Ask which unit the from price buys and compare it with other Business Bay towers.
The plan is 20% on booking, 60% during construction and 20% at handover. At the from price you pay AED 398,000 on booking, AED 1,194,000 during the build and AED 398,000 at handover. The 4% Land Department fee adds AED 79,600. The listed handover is June 2027, about seven months from now.
DAMAC worked with de GRISOGONO on the design of the two 38-floor towers. Floors 2 to 35 hold studios and one- and two-bedroom apartments, and floors 36 and 37 hold three- and four-bedroom duplexes. Homes range from 401 to 4,761 sq ft, and DAMAC also offers full floors of 7,630 to 13,946 sq ft. Each home has a rounded balcony, and the developer lists a walk-in closet, a maid's room and a private balcony pool in the duplexes. Villas and townhouses are also listed, but the developer's description names just a single podium townhouse-duplex, so check what is for sale.
A clinic is about 280 m away and the Business Bay creek front about 780 m. Business Bay Metro Station is about 2.2 km away, a 5-minute drive. Dubai International School is about 2.2 km away and Hartland International School about 2.3 km.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Studio
1 BR
Type A
2 BR
Type A
Duplex
Duplex
4 BR
Type A
How prices moved
Median price of studio apartments in Business Bay, over the 12 months to each dateDown 6% from Dec 2024 to Sep 2026.
Dec 2024AED 2,832 per sq ft
Sep 2026AED 2,667 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 2,667 per sq ft
868 sales
Jun 2026
AED 2,706 per sq ft
2,699 sales
Mar 2026
AED 2,678 per sq ft
3,291 sales
Dec 2025
AED 2,658 per sq ft
3,689 sales
Sep 2025
AED 2,636 per sq ft
3,804 sales
Jun 2025
AED 2,601 per sq ft
2,413 sales
Mar 2025
AED 2,783 per sq ft
2,312 sales
Dec 2024
AED 2,832 per sq ft
2,018 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Who builds Canal Crown?
DAMAC Properties, working with de GRISOGONO on the design. The project is in Business Bay and the homes are freehold.
How does the price compare with nearby sales?
Our check puts the from price per square foot 77% above the median of 89 off-plan studio sales in Business Bay in the 12 months to October 2026.
What do I pay and when?
20% on booking (AED 398,000 at the from price), 60% during construction (AED 1,194,000) and 20% at handover (AED 398,000). The 4% Land Department fee adds AED 79,600.
Which homes can I buy?
Studios, one- and two-bedroom apartments and three- and four-bedroom duplexes, from 401 to 4,761 sq ft. DAMAC also sells whole floors of 7,630 to 13,946 sq ft.
When is handover?
The listed handover is June 2027, about seven months away. Ask DAMAC how far construction has got and when payments fall due.
How far is the metro?
Business Bay Metro Station is about 2.2 km away roughly a 5-minute drive.
