DAMAC «Canal Crown»
Off-Plan

DAMAC «Canal Crown»

From AED 1.43M·Handover Dec 2027·15% down payment Payment
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AED 1.43M
Starting Price
Dec 2027
Handover
15% down payment
Payment Plan
Studio · 2 BR
Type

Project Overview

Canal Crown is a project by Damac Properties, developed in collaboration with De Grisogono. It features two basement levels, a ground level, three podium floors, 38 residential floors, and a rooftop. The complex offers studios, 1- to 4-bedroom apartments, a single two-bedroom townhouse on the podium, and exclusive 3- to 4-bedroom duplexes on the top floors. Residences provide panoramic views of the Dubai Canal and Burj Khalifa. The façade is crafted from premium light-toned materials, crowned with a radiant structure reflecting sunlight. Interiors feature gray and green marble with golden accents, enhancing the luxurious feel. Residents can enjoy the planetary garden, relaxation capsules, aqua-sport pools, virtual reality swimming, a futuristic spa, and an observation deck. The podium includes retail stores, restaurants, and an elegant lobby. The complex is near Al Khail Road, ensuring easy access across the city. Burj Khalifa and Dubai Mall are 10 minutes away, Dubai Marina and Marina Mall around 20, while Dubai International Airport is a 15-minute drive.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit TypesStudio, 2 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 61,705 / year
Cash-on-Cash
2.2%
Levered cashflow AED 14,515
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 92,950 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
DAMAC «Canal Crown» launch basis1,589AED 1.43MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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DAMAC «Canal Crown» official render 1

DAMAC «Canal Crown» official render 1

DAMAC «Canal Crown» official render 2

DAMAC «Canal Crown» official render 2

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DAMAC «Canal Crown» official render 3

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DAMAC «Canal Crown» official render 4

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DAMAC «Canal Crown» official render 5

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DAMAC «Canal Crown» official render 9

DAMAC «Canal Crown» official render 10

DAMAC «Canal Crown» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Flexible Payment

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Amenities & Lifestyle

Aqua Fitness
Beach Access
Covered gym
Dining outlets (coffee houses & restaurants)
Landscaped garden
Leisure areas
Lift
Lobby
Pool Deck
Private pool
Recreational areas
Resting Areas
Retail outlets
Shared Pool
Sitting Area
Social zone

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

DAMAC «Canal Crown» by Damac Properties

02

Located in Business Bay

03

Starting from AED 1,430,000

04

Unit mix includes Studio, 2 BR, Apartments

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for DAMAC «Canal Crown»

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