New homes in Canal Heights start at AED 1,250,000; keys are due Jun 2027; you pay 24% to book, 56% while it is built and 20% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 30 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in CANAL HEIGHTS. Their median price is AED 2,908 per sq ft (about AED 1,242,000 at 427 sq ft). This project's from price is AED 2,927 per sq ft (AED 1,250,000 for its smallest home, 427 sq ft), 1% more.
Keys
Jun 2027
The developer's handover date
Payment plan
24 / 56 / 20
24% to book, 56% while it is built, 20% at the keys
Bedrooms
Studio to 4 beds
Sizes
427 to 4,498 sq ft
Ownership
Freehold
Property types
Apartment and Villa
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 2,927 per sq ft
Similar off-plan homes: AED 2,908 per sq ft
RERA project
2602
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
Dec 2026
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
بنك الإمارات دبي الوطني (ش.م.ع)
The bank that holds your payments
Registered homes
415
In 1 buildings
Paying for it
You pay 24% when you book, 56% as the building goes up, and 20% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
24%
AED 300,000
Jan 2027
While it is built
28%
AED 350,000
Apr 2027
While it is built
28%
AED 350,000
Jun 2027
Keys
20%
AED 250,000
Booking payment, 24%
AED 300,000
Dubai Land Department fee (Oqood), 4%
AED 50,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 350,000
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 (427 sq ft) that is about AED 13,000 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 30 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in CANAL HEIGHTS, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in CANAL HEIGHTS sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 30 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in CANAL HEIGHTS, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,908 per sq ft
AED 2,438 to AED 2,555 per sq ft
2 sales
AED 2,555 to AED 2,671 per sq ft
1 sale
AED 2,671 to AED 2,787 per sq ft
0 sales
AED 2,787 to AED 2,904 per sq ft
11 sales
AED 2,904 to AED 3,020 per sq ft
8 sales
This project's from price is in this band.
AED 3,020 to AED 3,136 per sq ft
2 sales
AED 3,136 to AED 3,252 per sq ft
2 sales
AED 3,252 to AED 3,369 per sq ft
4 sales
AED 2,438 per sq ftAED 3,369 per sq ft
This project AED 2,927 per sq ft
Half of the sales sold for AED 2,818 to AED 3,073 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 2,438 to AED 2,555 per sq ft
2
AED 2,555 to AED 2,671 per sq ft
1
AED 2,671 to AED 2,787 per sq ft
0
AED 2,787 to AED 2,904 per sq ft
11
AED 2,904 to AED 3,020 per sq ft
8
AED 3,020 to AED 3,136 per sq ft
2
AED 3,136 to AED 3,252 per sq ft
2
AED 3,252 to AED 3,369 per sq ft
4
The 3 closest sales
Picked from the 30 similar sales above, closest in size to this project's smallest home.
Nov 2024AED 1,474,000AED 3,369 per sq ftCANAL HEIGHTS, 438 sq ft
Nov 2024AED 1,476,000AED 3,364 per sq ftCANAL HEIGHTS, 439 sq ft
Nov 2024AED 1,459,000AED 3,308 per sq ftCANAL HEIGHTS, 441 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 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 1,250,000 here
Off-plan medianAED 1,204,000AED 2,667 per sq ft
Sales868
1% above 30 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
5.8%
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 1,250,000 = 5.8%. 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 Station2.1 km, 6 min driveMetro station
Mercato Beach4.8 km, 10 min driveBeach
Business Bay creek front600 m, 9 min walkWaterfront
Dubai International School2.3 km, 9 min driveSchool
Hartland International School2.5 km, 10 min driveBritish school
Canal Heights is a DAMAC Properties branded building in Business Bay with homes from AED 1,250,000 and a listed handover of June 2027. Handover is about seven months away, and 80% of the price falls before it.
The price check compares the from price per square foot with 30 studio sales in Canal Heights over the 24 months to October 2026. It puts the from price 0.7% above them. With handover listed for June 2027, ask DAMAC how far construction has got.
The plan is 24% on booking, 56% during construction and 20% at handover. At the from price that is AED 300,000 to book, AED 700,000 during the build and AED 250,000 at handover. Separately, the 4% DLD fee comes to AED 50,000; ask when it is due. Ask also when the 56% construction payment falls due.
The listing is not consistent about what is for sale. It shows studios to 4 bedrooms of 427 to 4,498 sq ft, and lists villas as well as apartments. The developer's own description covers 376 branded studios and one- and two-bedroom apartments of 427 to 1,559 sq ft, plus whole floors of 5,915 to 8,876 sq ft, and does not describe any villas. Confirm the exact unit type and size on the floor plan and the sale agreement.
The branding is with De Grisogono, and DAMAC describes 11 ft ceilings and a private balcony for each home. Shared facilities are a gym, a pool, a children's pool and play area, covered parking, a lobby and 24-hour security. A clinic is about 420 m away and the Business Bay creek front about 610 m, around a 9-minute walk. Business Bay Metro Station is about 2.1 km away, around 6 minutes by car.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Type A
Type B
Type A
Type B
Studio
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
Show as tableShow as chart
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
Which company builds Canal Heights?
DAMAC Properties, with branding by De Grisogono. The building is in Business Bay.
Can foreigners buy here?
Yes. It's in a freehold area, so foreign buyers can own outright.
How does the price compare with other sales?
The price check puts the from price per square foot 0.7% above 30 similar studio sales in this building (24 months to October 2026).
How much do I pay before handover?
80% of the price. At the from price that is AED 300,000 on booking and AED 700,000 during construction, then AED 250,000 at handover, listed for June 2027.
Are there villas or 4-bedroom homes?
The listing says so, but the developer's description only covers studios, one- and two-bedroom apartments and full floors. Ask for the floor plan of the unit you want.
How close is it to the water and the metro?
The Business Bay creek front is about 610 m away. Business Bay Metro Station is about 2.1 km away, around 6 minutes by car, and Dubai International School about 2.3 km.
