DAMAC «Canal Heights 2»
Off-Plan

DAMAC «Canal Heights 2»

From AED 2.83M·Handover Sep 2027·15% down payment Payment
Scroll
AED 2.83M
Starting Price
Sep 2027
Handover
15% down payment
Payment Plan
1 BR · 2 BR
Type

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.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit Types1 BR, 2 BR, 3 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 122,028 / year
Cash-on-Cash
2.2%
Levered cashflow AED 28,704
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 183,820 / 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 Heights 2» launch basis3,142AED 2.83MCurrent 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

DAMAC «Canal Heights 2» — View 2
DAMAC «Canal Heights 2» — View 3
DAMAC «Canal Heights 2» — View 4
DAMAC «Canal Heights 2» — View 5
DAMAC «Canal Heights 2» — View 6
DAMAC «Canal Heights 2» — View 7
DAMAC «Canal Heights 2» — View 8
DAMAC «Canal Heights 2» — View 9
DAMAC «Canal Heights 2» — View 10
DAMAC «Canal Heights 2» — View 11
DAMAC «Canal Heights 2» — View 12
DAMAC «Canal Heights 2» — View 13
DAMAC «Canal Heights 2» — View 14
DAMAC «Canal Heights 2» — View 15
DAMAC «Canal Heights 2» — View 16
DAMAC «Canal Heights 2» — View 17
DAMAC «Canal Heights 2» — View 18
DAMAC «Canal Heights 2» — View 19
DAMAC «Canal Heights 2» — View 20
DAMAC «Canal Heights 2» official render 1

DAMAC «Canal Heights 2» official render 1

DAMAC «Canal Heights 2» official render 2

DAMAC «Canal Heights 2» official render 2

DAMAC «Canal Heights 2» official render 3

DAMAC «Canal Heights 2» official render 3

DAMAC «Canal Heights 2» official render 4

DAMAC «Canal Heights 2» official render 4

DAMAC «Canal Heights 2» official render 5

DAMAC «Canal Heights 2» official render 5

DAMAC «Canal Heights 2» official render 6

DAMAC «Canal Heights 2» official render 6

DAMAC «Canal Heights 2» official render 7

DAMAC «Canal Heights 2» official render 7

DAMAC «Canal Heights 2» official render 8

DAMAC «Canal Heights 2» official render 8

DAMAC «Canal Heights 2» official render 9

DAMAC «Canal Heights 2» official render 9

DAMAC «Canal Heights 2» official render 10

DAMAC «Canal Heights 2» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

Unlock Documents

Enter your details to access brochures, floor plans & payment schedules

Payment Structure

15% down payment

Flexible Payment

Contact us for detailed payment schedule and milestones

Need a detailed payment schedule?

Our advisors provide full milestone breakdowns at no cost.

WhatsApp Us

Amenities & Lifestyle

Bar
Beauty Salon
Broadband Internet
Dining outlets (coffee houses & restaurants)
Infinity pool
Leisure areas
Lift
Lobby
Parking
Pool Deck
Private pool
Recreational areas
Resting Areas
Shared Pool
Sitting Area
Social zone
Sunken Seating

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 Heights 2» by Damac Properties

02

Located in Business Bay

03

Starting from AED 2,828,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Sep 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for DAMAC «Canal Heights 2»

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.

Send Buyer BriefRequest CallRequest Atlas-Guided Access
RERA Registered
Qualified Buyer Flow
Verified Listings

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

Get Private Shortlist + ROI on WhatsApp