
Canal Heights 2 is the second phase of the prestigious Canal Heights residential project by Damac Properties, located in Business Bay. The complex consists of a ground level, three podium levels, 44 residential floors, and a rooftop. It offers elegant studios and luxurious apartments with one to four bedrooms. The interiors are designed in a light color palette with high-quality materials, visually expanding the space and creating a cozy yet sophisticated atmosphere. Each residence is equipped with modern appliances, and panoramic windows provide breathtaking views of the city skyline. Residents have access to a wide range of premium amenities, including a swimming pool, fitness center, relaxation and barbecue areas, children's playgrounds, underground parking, concierge services, and 24/7 security. The development features cafés, restaurants, and retail spaces, while the Business Bay canal promenade, perfect for scenic walks, is just a short distance away. Thanks to its prime location, residents can quickly reach key destinations in Dubai. Dubai Mall is only 5 minutes away by car, while Jumeirah Beach and the iconic Burj Al Arab can be reached within 15 minutes. Dubai Marina and Palm Jumeirah are approximately a 25-minute drive away.
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 |
|---|---|---|---|
| DAMAC «Canal Heights 2» launch basis | 3,142 | AED 2.83M | Current launch / asking basis |
| Business Bay ready-stock comps | 1,900 | AED 1.71M | Indicative resale benchmark |
| Business Bay premium peer launches | 2,350 | AED 2.12M | New-launch peer set |
| Trophy alternative proxy | 2,950 | AED 2.65M | Higher-end anchor for negotiation context |




















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Astraterra Properties
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Business Bay
DAMAC «Canal Heights 2» by Damac Properties
Located in Business Bay
Starting from AED 2,828,000
Unit mix includes 1 BR, 2 BR, 3 BR, Apartments
Expected handover: Sep 2027
Official brochure and PDF marketing materials available
Official render/gallery images available
High-ticket buyer routing · Branded / luxury filtering · Serious capital only
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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