1. Project Details

• Project Name: Canal Heights

• Developer: DAMAC Properties (in collaboration with De Grisogono)

• Location: Business Bay, Dubai, UAE

• Available Units: Studio, 1-Bedroom, 2-Bedroom Apartments

• Starting Price: AED 1,250,000

• Size Range: From 427 sq. ft. to 1,559 sq. ft. (Full floors from 5,915 to 8,876 sq. ft.)

• Project Status: Under Construction

• Handover Date: Q2 2027

• Type of Property: Luxury Residential Apartments

• Parking: Studio, 1BR, 2BR – 1 parking | 3BR – 2 parkings

• Payment Plan: 80/20 and 60/40 options available

2. Overview of the Project

Canal Heights is a high-end residential development by DAMAC Properties, created in partnership with the world-famous jewelry brand De Grisogono. Located in the heart of Business Bay, right by the Dubai Water Canal, this project offers a stunning collection of branded apartments. With a striking architectural design inspired by blue pearls, Canal Heights brings a unique blend of modern aesthetics and waterfront luxury.

This residential tower aims to redefine urban living through elegant interiors, premium amenities, and direct canal views, making it one of the most desirable addresses in Business Bay.

3. Property Information

• Studio Apartments: Starting at AED 1.25M (427 sq. ft.)

• 1-Bedroom Apartments: From AED 1.67M to AED 2.17M (610 – 849 sq. ft.)

• 2-Bedroom Apartments: From AED 3.42M to AED 3.44M (1,248 – 1,321 sq. ft.)

• Full Floors: Available from AED 18.22M

• Ceiling Height: 11 ft

• Balcony: All units include private balconies

• Kitchen: Fully equipped

• Furnishing: Unfurnished

4. Description (Textual Content)

Canal Heights is not just another residential tower; it is a lifestyle destination. Designed for those who value elegance, privacy, and wellness, every detail in Canal Heights is curated to enhance comfort and elevate living standards.

Residents can enjoy breathtaking views of the Dubai Water Canal, a tranquil yet vibrant part of Business Bay. The tower’s architecture and interiors reflect a luxurious modern style while offering expansive living spaces.

Each unit comes with large windows that allow natural light to pour in, and private balconies provide a perfect retreat with sweeping views. The residential units range from compact, well-designed studios to larger 2-bedroom homes suitable for couples, small families, or investors looking for high ROI properties in a prime Dubai location.

With a strong focus on lifestyle and relaxation, Canal Heights includes wellness amenities like yoga domes, a lap pool with iridescent tiles, a shell-shaped wave pool, and even an underwater pearl museum — an experience found nowhere else in Dubai.

5. Payment Plans

Standard Payment Plan (80/20)

• 24% on Booking

• 56% During Construction

• 20% on Handover (Q2 2027)

Alternative Payment Plan (60/40)

• 10% on Booking

• 40% During Construction

• 50% on Handover

Buyers of full-floor units are eligible for a 2% discount.

6. Economic Appeal

Canal Heights presents an excellent investment opportunity in Business Bay, a location known for high rental demand and prime connectivity. As of Q1 2023, 1-bedroom apartments in Business Bay generate an average gross ROI of 6.3%. Rental prices start from AED 60,000 per year.

Buyers who invest a minimum of AED 750,000 in the project become eligible for a 2-year UAE residency visa. Investors spending AED 2,000,000 or more can apply for a 10-year Golden Visa, making this project attractive not only for lifestyle seekers but also for long-term investors.

7. Nearby Attractions and Distances

• Dubai Water Canal: Adjacent

• Bay Square 1 & 2 (Public Transport): Within walking distance

• Choithrams Bay Square: 8 mins walk

• Carrefour Market: 10 mins walk

• Dubai Mall: 1.8 km

• Burj Khalifa: 3.2 km

• Burj Park by Emaar: 3.8 km

• Dubai Opera: 2.5 km

• Souk Al Bahar: 2.6 km

• Dubai International Airport (DXB): 15.4 km

• Jumeirah Beach: 9.2 km

Nearby education and healthcare options include:

• Jumeirah International Nursery

• Blossom Business Bay Nursery

• Aster Clinic Business Bay

• UFC Gym Business Bay

• Modern Vet Downtown

8. Amenities and Facilities

• Yoga domes for mindfulness and relaxation

• Underwater pearl museum for an immersive aquatic experience

• Interactive water fountain with walk-through feature

• Shell-shaped wave pool with blue pearl lighting

• Zorb ball area for active play

• Infinity lap pool with iridescent tiles

• Bubbles Arena with a glass bubble fountain

• Scrubs bar for wellness treatments

• Canal-side promenade

9. About the Developer

DAMAC Properties is one of the most recognized luxury real estate developers in the UAE, known for delivering iconic residential, commercial, and leisure properties. With over two decades of experience and a track record of delivering high-end projects, DAMAC is synonymous with innovation, luxury, and quality. Their collaboration with the luxury jewelry brand De Grisogono further enhances the artistic and luxurious flair of Canal Heights, creating a project that blends design excellence with functionality.

10. FAQs

Who is the developer of Canal Heights?
DAMAC Properties, in collaboration with De Grisogono.

Where is Canal Heights located?
In Business Bay, Dubai, next to the Dubai Water Canal.

What types of units are available in Canal Heights?
Studios, 1-bedroom, and 2-bedroom apartments.

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

What are the payment plans offered?
Flexible options including 80/20 and 60/40 plans.

How much does a unit cost in Canal Heights?
Prices start from AED 1.25M for a studio. Full floors are available from AED 18.22M.

Can foreigners buy property in Canal Heights?
Yes, Canal Heights is open to international buyers.

What visa options are available for buyers?
Buyers investing AED 750K+ qualify for a 2-year visa; AED 2M+ qualifies for a 10-year Golden Visa.

Is Canal Heights a good investment?
Yes, with an average ROI of 6.3% in Business Bay, it is a strong investment opportunity.

Is Business Bay a good place to live?
Absolutely. It's central, vibrant, and well-connected, with lifestyle, leisure, and business amenities

If you're interested in this incredible property, don’t hesitate to get your free homebuyer consultation today with our RERA-certified experts.

Simply email us at info@houseandhedges.ae or WhatsApp your details to +971523362441. We’ll get in touch with you the same day to answer all your queries and guide you through every step of the process.

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