DAMAC «Canal Heights 2»
Project Overview
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.
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.
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
Astraterra Properties
Official Documents
Download official marketing materials from Damac Properties.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
Business Bay
Nearby Destinations
Developer and Project Facts
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
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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