Choose language


Properties for Sale
Business Bay, Dubai
1 301 000 AED - 5 755 000 AED
Location Business Bay, Dubai
Type Development
Completion date III quarter, 2027 (Off-plan)
Living space 41 - 371 m²
Type of buildings:
Prestigious neighborhood
Beautiful view
20% after commissioning of the property
State-of-art architecture

Residential project Canal Heights 2 in Dubai

Canal Heights 2, an opulent residential complex, will become a new gem on the waterfront of the Dubai Canal. The 44-storey urban-style residential tower will be located in the Financial Centre in Business Bay among magnificent skyscrapers and high-end hotels.

The key feature of the off-plan residential project Canal Heights 2 is the sumptuous interiors by designers from the upmarket jewellery brand De Grisogono.

A large outdoor terrace with the following amenities will be built on the podium of this residential complex:

  • A huge infinity pool with spotlighting creating an effect of a lake reflecting the starlight at nighttime
  • A children’s swimming pool and a playground for smaller kids
  • Two islands with beautiful plants in an infinity pool that can be accessed by pedestrian bridges
  • Loungers for sunbathing and comfortable poolside recreation areas
  • Lush gardens with ornamental plants
  • Footpaths for walking
  • Transparent capsules for yoga classes.

The ground floor of the complex will feature a large lobby with an exquisite designer finish in beige, blue, and gold shades, a luxurious glossy marble floor, decorative mirrors, elegant lamps, and designer furniture for guests and residents.

The residential floors of the new building will comprise various types of apartments, including the following:

  • Studios
  • Conventional one- and two-bedroom apartments
  • Premium three- and four-bedroom duplexes.

The floor area of studios starts at 40 square metres, while the smallest three-bedroom duplex is 202 square metres.

Real estate in Business Bay, Dubai, UAE

Bordering on Downtown Dubai, Business Bay is one of the most popular and prestigious districts of Dubai. This is a freehold area where foreigners who are non-residents of the United Arab Emirates may own real estate. Business Bay is home to major business and multi-purpose centres, high-end hotels, and premium residential complexes. Most local buildings are high-rise towers located along the Dubai Canal. New skyscrapers with upscale residences are now under construction in this community.

Local residences are primarily apartments, which include studios, one- to four-bedroom apartments, exclusive duplexes, and penthouses on the top floors of skyscrapers. Most high-rise residential complexes feature various amenities — e.g., gyms, swimming pools, children’s playgrounds, etc. Residents of this district can quickly access shopping malls, supermarkets, restaurants, and cafes.

Property for sale in Canal Heights 2

The off-plan residential complex offers great buy-to-live or buy-to-rent properties. Buying an apartment in Canal Heights 2 and having full ownership rights is possible for foreigners, too.

The cheapest apartment in the new building Canal Heights 2 — i.e., a studio — currently costs AED 1.29 million (USD 351,000). A one-bedroom apartment is worth upward of AED 1.81 million (USD 493,000), a two-bedroom residence is worth at least AED 3.4 million (USD 926,000), while a three-bedroom duplex sells for AED 5.65 million (USD 1.53 million). Investors can purchase a full floor of the new building to lease or resell for upward of AED 18 million (USD 4.9 million).

Buyers of off-plan properties in Canal Heights 2 are entitled to an instalment plan, under which they can pay gradually as the construction progresses and transfer 20% of the remaining price after the building is commissioned.

You can view all available apartments listed for sale in a separate catalogue on our website or contact our knowledgeable team members to select the best property that will meet your needs.


  • Close to the bus stop
  • Close to shopping malls
  • Close to the city centre
  • Close to schools
  • Close to the kindergarten
  • Prestigious district
  • Close to a river or promenade
  • Pond nearby
  • City view
  • Panoramic view
  • Street view
  • River view
  • Beautiful view


  • Panoramic windows
  • Panoramic glazing
  • Balcony
  • Terrace
  • Air Conditioners
  • Private pool
  • Premium class
  • New development project

Indoor facilities

  • Restaurant
  • Cafe
  • SPA centre
  • Fitness room
  • Elevator
  • Covered parking

Outdoor features

  • CCTV
  • Security
  • Landscaped garden
  • Landscaped green area
  • Transport accessibility
  • Social and commercial facilities
  • Pool bar
  • Car park
  • Promenade with amenities
  • Garden
  • Footpaths
  • Garden
  • Benches
  • Swimming pool
  • Common area with pool
  • Running track
  • Sports ground

Real estate in Canal Heights 2


Apartments in Canal Heights 2 are a great option for those who prefer an active life in the centre of a megalopolis. This residential project is only a few minutes away from Downtown Dubai, and its residents will have quick and easy access to all of the city’s major destinations, including the largest shopping mall in Dubai, the dancing fountain, a waterfront promenade, a park on an island, an Olympic ice rink, and other popular attractions.

Numerous outdoor and indoor lounge areas, a shimmering infinity pool with recreation areas and spectacular views of Downtown Dubai, a luxurious beauty parlour, a cosy cafe with a designer interior and panoramic floor-to-ceiling windows, and many other premium amenities will make living in this complex a truly pampered experience.


The new building Canal Heights 2 in Dubai is an exclusive project created in collaboration between DAMAC, Dubai’s largest developer, and the fashion brand De Grisogono. Residents will therefore be able to enjoy luxurious interiors provided not only in communal spaces but also inside the apartments of the residential complex. Marble, round and oval mirrors, glass ceiling and wall-mounted lamps, ornamental elements, golden bathroom fixtures, and opulent furniture that blends seamlessly with the general style will be used for the finishing.

Key advantages of the new residential project also include the recreation space on the roof of the skyscraper offering panoramic views of the city centre and an infinity pool with a fresh-juice bar.

Studios, apartments, and duplexes in Canal Heights 2

Buyers of properties in Canal Heights 2 will be able to choose the perfect option from studios, apartments, and duplexes of varying floor plans and floor areas. All residences will flaunt opulent designs from the famous jewellery brand and a convenient layout. The key features of all the homes are a spacious balcony and a large bathroom with an exquisite design.

Studios and apartments in Canal Heights 2 have open-plan kitchens with a bar counter or an island. The living room and the dining room are combined into a single large area.

The three- and four-bedroom duplexes boast a balcony on each of their two floors. The ground-floor balcony includes a private pool with a waterside recreation area. These homes have two kitchens, an enclosed one for cooking and an open-plan one for food preparation and serving. The duplexes will also include a maid’s room.

Construction completion

As per the developer’s plan, the construction is due for completion in September 2027. The project is being built by a respected developer with 20 years of experience and an impeccable reputation, so buyers of off-plan properties in Canal Heights 2 can be sure of strict adherence to the commissioning deadlines.

The residential project is currently in the early stages of construction, so now is a good time to purchase a property at a discount from the developer. Please contact our experts for a free consultation; they will gladly inform you about the current stage of the new complex’s construction.

Property investment in Canal Heights 2

The opulent designer complex in the buzzing community of Business Bay is the perfect investment asset. While the project is under construction, investors can purchase real estate at the price from the developer DAMAC Properties. Once the construction operations are completed, apartment prices will rise. Investors purchasing a full floor are entitled to an additional discount of 2% of the total price.

With a premium location in the centre of Dubai, local properties will be highly liquid and in high demand among tenants. The lowest rent for an apartment in this community is AED 60,000 (USD 16,000) per year. In the first quarter of 2023, the average rental yield of a one-bedroom apartment in Business Bay was 6.3% per year.

Dubai Mall
2 km
1000 m
ATM machine
300 m
Burj Khalifa
2.5 km
500 m
Museum of The Future
5.5 km
Business Bay

Business Bay is a mixed-use district with residential, commercial, and hotel complexes, as well as shopping and entertainment venues. This community sprawls along the Dubai Canal and features a long waterfront promenade, a yacht club, and several berths. Its extensive public transport system includes a metro station, and the roads are wide enough to prevent traffic jams during rush hours.

There is the Bay Avenue Mall, several public parks, and numerous cafes, bars, and restaurants in this community.


Payment plan

Payment number
Payment (%)
1st Instalment24%
2nd Instalment5%
Within 3 Month(s) Of Sale Date
3rd Instalment5%
Within 6 Month(s) Of Sale Date
4th Instalment5%
Within 9 Month(s) Of Sale Date
5th Instalment5%
Within 12 Month(s) Of Sale Date
6th Instalment4%
Within 15 Month(s) Of Sale Date
7th Instalment4%
Within 18 Month(s) Of Sale Date
8th Instalment4%
Within 21 Month(s) Of Sale Date
9th Instalment4%
Within 24 Month(s) Of Sale Date
10th Instalment3%
Within 27 Month(s) Of Sale Date
11th Instalment3%
Within 30 Month(s) Of Sale Date
12th Instalment3%
Within 33 Month(s) Of Sale Date
13th Instalment3%
Within 36 Month(s) Of Sale Date
14th Instalment3%
Within 39 Month(s) Of Sale Date
15th Instalment3%
Within 42 Month(s) Of Sale Date
16th Instalment3%
Within 45 Month(s) Of Sale Date
17th Instalment3%
Within 48 Month(s) Of Sale Date
18th Instalment20%
On completion

Developer Damac Properties

2002Founded in

Established in 2002, DAMAC Properties is one of the leading Dubai developers that currently boasts an extensive portfolio featuring many upscale projects in this emirate, including DAMAC Hills, a large residential district with a Malibu-style beach complex, a golf club, and many other amenities.
Real estate from the developer DAMAC Properties is extremely popular among buyers due to its high quality and exquisite style. The company collaborates with fashion designers, jewellery brands, and luxury car brands to create not just quality residences but premium projects with exclusive designs.

Contact Us
Phone number *