
Canal Dubai by DAMAC Properties is a premium waterfront residential development positioned along the iconic Dubai Canal in Business Bay — one of the city's most vibrant and sought-after waterfront addresses. Offering 1 to 3-bedroom apartments from AED 1.2 million, Canal Dubai provides stunning canal and cityscape views alongside a 60/40 payment plan and Q3 2027 handover. This is an exceptional opportunity to own a slice of Dubai's thriving canal-front lifestyle, surrounded by world-class dining, retail, and leisure.
Canal Dubai is a premium waterfront residential development on the iconic Dubai Canal in Business Bay, offering 1 to 3-bedroom apartments with stunning canal and cityscape views.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Canal Dubai launch basis | 1,412 | AED 1.20M | Current launch / asking basis |
| Business Bay ready-stock comps | 1,900 | AED 1.61M | Indicative resale benchmark |
| Business Bay premium peer launches | 2,350 | AED 2.00M | New-launch peer set |
| Trophy alternative proxy | 2,950 | AED 2.51M | Higher-end anchor for negotiation context |


60% paid in instalments throughout the construction period
40% due on key collection — ideal for post-handover financing
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Our advisors provide full milestone breakdowns at no cost.
Prime Dubai Canal waterfront address
1-3 bedroom apartments from AED 1.2M
60/40 payment plan
Q3 2027 handover
Infinity pool with canal views
Adjacent to Business Bay Metro and Downtown Dubai
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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