DAMAC «Canal Heights»
Off-Plan

DAMAC «Canal Heights»

From AED 1.20M·Handover Jun 2027·15% down payment Payment
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AED 1.20M
Starting Price
Jun 2027
Handover
15% down payment
Payment Plan
Studio · 2 BR
Type

Project Overview

Canal Heights is an ultra-luxurious residential complex by Damac Properties, located in the prestigious Business Bay area. The development consists of a ground level, three podium levels, 43 residential floors, and a rooftop. Designed in a modern architectural style, the project emphasizes refined details and high-quality construction. It offers elegant studios and spacious one- and two-bedroom apartments, featuring premium materials and state-of-the-art appliances. Light color schemes in the interiors enhance the sense of space, creating a cozy and sophisticated ambiance. Residents enjoy an extensive 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 complex is conveniently close to office and shopping centers, fine dining restaurants, cafes, and the Business Bay Canal promenade, perfect for leisure and scenic walks. Thanks to its prime location, Canal Heights offers easy access to key Dubai landmarks. Dubai Mall is just 5 minutes away, while Jumeirah Beach and the iconic Burj Al Arab can be reached within 15 minutes. Dubai Marina and Palm Jumeirah are approximately 25 minutes by car.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit TypesStudio, 2 BR, 3 BR, 4 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 51,780 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,180
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 78,000 / 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
DAMAC «Canal Heights» launch basis1,333AED 1.20MCurrent 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

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DAMAC «Canal Heights» official render 1

DAMAC «Canal Heights» official render 1

DAMAC «Canal Heights» official render 2

DAMAC «Canal Heights» official render 2

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DAMAC «Canal Heights» official render 3

DAMAC «Canal Heights» official render 4

DAMAC «Canal Heights» official render 4

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DAMAC «Canal Heights» official render 5

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DAMAC «Canal Heights» official render 7

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DAMAC «Canal Heights» official render 8

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DAMAC «Canal Heights» official render 9

DAMAC «Canal Heights» official render 10

DAMAC «Canal Heights» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Flexible Payment

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Amenities & Lifestyle

Bar
Broadband Internet
Dining outlets (coffee houses & restaurants)
Floating deck with sunbeds
Infinity pool
Leisure areas
Lift
Lobby
Open Kids Play Area
Outdoor Yoga
Parking
Pool Deck
Pool Lounge
Private Lounge
Private pool
Recreational areas
Resting Areas
Retail outlets
SPA
Shared Pool
Sitting Area
Snorkeling
Social zone
Sunken Seating
Walking paths

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» by Damac Properties

02

Located in Business Bay

03

Starting from AED 1,200,000

04

Unit mix includes Studio, 2 BR, 3 BR, 4 BR

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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