Canal Crown by DAMAC Properties – Luxury Living in Business Bay

1. Project Details

• Developer: DAMAC Properties (in collaboration with de GRISOGONO)

• Location: Business Bay, Dubai, UAE

• Starting Price: AED 1.1M

• Unit Types: Studios, 1BR & 2BR Apartments, 3BR & 4BR Duplexes

• Size Range: From 401 sq. ft. to 4,761 sq. ft. (Full Floors: Up to 13,946 sq. ft.)

• Handover Date: Q2 2027

• Status: Under Development

• Payment Plan: 80/20 Flexible Plan

• Design Theme: Inspired by Peridot and Outer Space

• Views: Dubai Water Canal & Burj Khalifa

2. Project Overview

Canal Crown by DAMAC Properties is a luxury residential development located in the prestigious area of Business Bay, Dubai. Created in collaboration with the luxury Swiss brand de GRISOGONO, this twin-tower project features a unique peridot-inspired design that integrates celestial themes into its architecture and lifestyle offering. Spanning 38 storeys, the project includes ultra-modern residences with panoramic views of the Dubai Water Canal and Downtown Dubai.

3. Property Information

• Residential Towers: 2 Towers with 38 Storeys

• Unit Mix:

  • Luxury Units: Studios, 1 & 2 Bedroom Apartments (2nd to 35th Floor)

  • Super-Luxury Units: 3 & 4 Bedroom Duplexes (36th & 37th Floor)

  • Podium Level: 1 Exclusive Townhouse-Duplex

• Balconies: Rounded balconies with water or skyline views

• Special Features: Private pools in duplex units, walk-in wardrobes, maid’s rooms in select layouts

4. Description

Canal Crown in Business Bay is a landmark residential destination crafted for those seeking extraordinary urban living. Offering a futuristic design fused with premium interiors, the residences embody elegance, comfort, and innovation. Each apartment is built to maximize views and space, while high-end materials and fittings promise long-term value and sophistication.

Designed for professionals, investors, and luxury seekers, the development includes a combination of compact, efficient layouts and expansive duplex residences. From the signature circular balconies to the immersive features like an aquatic VR gym and rooftop observatory, every aspect of Canal Crown pushes the boundaries of modern-day residential living in Dubai.

With direct views of the Dubai Canal and close proximity to Downtown Dubai, residents enjoy unmatched access to city attractions, premium shopping, world-class dining, and business hubs. The development is also integrated with a promenade filled with retail and dining options, making daily life effortlessly convenient and vibrant.

5. Payment Plans

• Down Payment: 20%

• Installments (1st–4th): 5% each

• Installments (5th–8th): 4% each

• Installments (9th–12th): 3% each

• Installments (13th–15th): 4% each

• Handover (Q2 2027): 20%

6. Economic Appeal

Canal Crown offers a compelling investment opportunity with high rental yields in Business Bay. The starting rental return for 1-bedroom units is around 5.8% ROI, and rental prices begin at AED 58,000 per annum. Investors can qualify for UAE residency through real estate investment, including:

• 2-Year Investor Visa (minimum investment: AED 750,000)

• 10-Year Golden Visa (minimum investment: AED 2 million)

These visas also extend to family members and domestic staff. Investors purchasing a full floor can avail a 2% discount and 1% rebate, further enhancing the financial appeal.

7. Nearby Attractions and Distances

• Dubai Mall: 4 km

• Burj Khalifa & Downtown Dubai: 4.5 km

• Jumeirah Beach: 7.8 km

• Dubai International Airport (DXB): Approx. 15 mins

• Emirates Hospital Clinics – Business Bay: 10 mins

• West Zone Fresh Supermarket: Walking Distance

• LIFE Pharmacy (Life Mayfair): Nearby

• Fairview Residency Bus Stop: Close proximity

• Creative Kids Early Learning Center: 0.2 km

8. Amenities and Facilities

• Aquatic Gym with Virtual Reality Integration (Swim VR)

• Planet-Inspired Garden Spaces

• UFO-Themed Wellness Pods

• Rooftop Observation Deck with Canal Views

• Water Promenade with Retail Outlets and Restaurants

• Private Pools for Duplex Units

• Walk-In Closets and Maid’s Rooms in Larger Units

• 24/7 Security and Concierge

• State-of-the-Art Fitness Center

• Covered Parking and Valet Services

9. About the Developer

DAMAC Properties is one of the most recognized luxury real estate developers in the UAE, known for its high-end residential, commercial, and leisure properties. With over two decades of experience, DAMAC has built a portfolio of projects that blend sophistication, innovation, and quality craftsmanship. The partnership with luxury jewelry brand de GRISOGONO for Canal Crown is another testament to DAMAC’s commitment to delivering iconic and trendsetting real estate developments across Dubai.

DAMAC continues to shape the Dubai skyline with projects like DAMAC Hills, Akoya Oxygen, and now Canal Crown, all of which offer high ROI potential, strategic locations, and world-class amenities.

10. Frequently Asked Questions (FAQs)

Who is the developer of Canal Crown?
DAMAC Properties is the developer, in partnership with de GRISOGONO.

Where is Canal Crown located?
It is located in Business Bay, Dubai, next to the Dubai Water Canal and Marasi Drive.

What unit types are available at Canal Crown?
Studios, 1 & 2 Bedroom Apartments, 3 & 4 Bedroom Duplexes.

What is the completion date of the project?
Expected handover is in Q2 2027.

What is the starting price of apartments at Canal Crown?
Prices start at AED 1,190,000 for a 1-bedroom apartment.

Are there any flexible payment plans?
Yes, there is an 80/20 payment plan available.

Can I obtain UAE residency through Canal Crown investment?
Yes, buyers can obtain either a 2-year or a 10-year Golden Visa based on investment amount.

Can foreigners purchase property in Canal Crown?
Yes, Canal Crown is open to international investors.

Is it a good investment?
Yes, with high rental yields (up to 5.8% ROI) and capital appreciation potential in Business Bay, it is a strong investment option.

What are the benefits of living in Business Bay?
Business Bay offers a premium lifestyle with close proximity to Downtown Dubai, excellent transport links, top-tier restaurants, shopping destinations, schools, and medical centers.