
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.
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» launch basis | 1,333 | AED 1.20M | 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 |




















DAMAC «Canal Heights» official render 1

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DAMAC «Canal Heights» official render 10
Astraterra Properties
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Business Bay
DAMAC «Canal Heights» by Damac Properties
Located in Business Bay
Starting from AED 1,200,000
Unit mix includes Studio, 2 BR, 3 BR, 4 BR
Expected handover: Jun 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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