DAMAC «Canal Crown 2 - Altitude de Grisogono» — project image
Off-Plan

DAMAC «Canal Crown 2 - Altitude de Grisogono»

From AED 3.20M·Handover Mar 2028·15% down payment Payment
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AED 3.20M
Starting Price
Mar 2028
Handover
15% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

Canal Crown 2 - Altitude de Grisogono is a luxury development by Damac, located along the Dubai Canal waterfront in Business Bay. The building consists of three basement levels, a ground level, three podium floors, 35 residential floors, and a rooftop. Its architecture and design are created in collaboration with the renowned jewelry brand de GRISOGONO. The tower rises high above the city, crowned with a gleaming structure that reflects sunlight. The project offers studios, 1- to 3-bedroom apartments, and 2-bedroom duplexes, all with panoramic views of the Dubai Canal and Burj Khalifa. The complex provides exclusive leisure and entertainment facilities. Residents can enjoy glowing spheres, a unique planetary garden, a beauty bar, an infinity pool with solar-powered loungers, and innovative floating spa capsules that create an atmosphere of relaxation and luxury. The project boasts a prime location near major social and entertainment hubs. Within a 10-minute drive, residents can access fine dining restaurants, educational and medical institutions, as well as Dubai Mall and Burj Khalifa. Dubai Marina and Palm Jumeirah are approximately 25 minutes away by car.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit Types2 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 138,080 / year
Cash-on-Cash
2.2%
Levered cashflow AED 32,480
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.47M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Published payment summary

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Amenities & Lifestyle

Aqua Fitness
Bar
Beach Access
Beauty Salon
Dining outlets (coffee houses & restaurants)
Floating deck with sunbeds
Infinity pool
Kids Play Area
Leisure areas
Lift
Lobby
Pool Deck
Private pool
Recreational areas
Resting Areas
Retail outlets
SPA
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Walking paths

Location

Business Bay

Nearby Destinations

Business Bay

Developer and Project Facts

01

DAMAC «Canal Crown 2 - Altitude de Grisogono» by Damac Properties

02

Located in Business Bay

03

Starting from AED 3,200,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Mar 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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