Canal Dubai
Off-Plan

Canal Dubai

From AED 1.20M·Handover Q3 2027·60/40 Payment
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AED 1.20M
Starting Price
Q3 2027
Handover
60/40
Payment Plan
1 Bedroom · 2 Bedroom
Type

Project Overview

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.

Project Specifications
DeveloperDAMAC Properties
LocationDubai Canal, Business Bay
Unit Types1 Bedroom, 2 Bedroom, 3 Bedroom
AreaBusiness Bay
Buildings1 Waterfront Residential Tower
OwnershipFreehold
Est. ROI6-8%

Investor Return Snapshot

Illustrative estimates, not forecasts or guaranteed returns: 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Actual financing and operating costs may differ. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.8%
NOI AED 57,240 / year
Cash-on-Cash
3.2%
Levered cashflow AED 17,640
Payback Period
18.4 yrs
Gross rent AED 84,000 / 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
Canal Dubai launch basis1,412AED 1.20MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.61MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.00MNew-launch peer set
Trophy alternative proxy2,950AED 2.51MHigher-end anchor for negotiation context

Gallery

Canal Dubai — View 2
Canal Dubai — View 3

Payment Structure

60%

During Construction

60% paid in instalments throughout the construction period

40%

On Handover

40% due on key collection — ideal for post-handover financing

Need a detailed payment schedule?

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Amenities & Lifestyle

Dubai Canal Waterfront Access
Infinity Pool with Canal Views
Waterfront Promenade
Fitness Centre & Spa
Residents Lounge
Concierge Services
24/7 Security
Underground Parking
Retail & Dining at Ground Level
Cycling & Walking Tracks

Location

Nearby Destinations

Dubai Canal — direct frontage
Business Bay Metro — 5 min walk
Downtown Dubai — 8 min
Burj Khalifa & Dubai Mall — 10 min
DIFC — 12 min
Dubai International Airport — 18 min
Dubai Canal, Business BayBusiness BayDubai, UAE

Developer Track Record

01

Prime Dubai Canal waterfront address

02

1-3 bedroom apartments from AED 1.2M

03

60/40 payment plan

04

Q3 2027 handover

05

Infinity pool with canal views

06

Adjacent to Business Bay Metro and Downtown Dubai

Get Qualified for Canal 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.

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