Canal Heights 2 by DAMAC in Business Bay Golden Visa card graphic above the twin residential towers framed by palm trees in Dubai - Presented by Tohid Fetrat

DAMAC Properties · Business Bay

Canal Heights 2 Golden Visa

Where the Residency Line Falls Inside a Five Tier Tower

Studios at Canal Heights 2 open below the AED 2M ≈ USD 545K Golden Visa threshold, while every apartment and duplex tier above them clears it on a single purchase. See exactly where the line sits, how the 60/40 plan shapes application timing, and what off-plan buyers need before handover in Q3 2027.

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AED 1.33M ≈ USD 362KStarting Price
AED 2M ≈ USD 545KGolden Visa Threshold
28.06%Construction Progress
Q3 2027Handover Date

Eligibility Snapshot

Canal Heights 2 Golden Visa Facts

Canal Heights 2 is a 501 residence freehold tower by DAMAC Properties on the Dubai Canal in Business Bay, registered with the Dubai Land Department under project number 2615 on 29 March 2023, with construction under way since 10 June 2023 across a 36,848.50 sq m plot and recorded at 28.06% progress at the RERA inspection of 22 April 2026, up from 22.56% at the inspection before it. The detail that governs residency planning here is that the tower crosses the AED 2M ≈ USD 545K minimum property investment applied under the UAE Golden Visa program partway up its own price ladder. Studios open at AED 1.33M ≈ USD 362K and sit beneath that line, while one bedroom apartments from AED 2.828M ≈ USD 770K and every tier above them clear it outright, subject to the regulations in force when you apply. Handover is expected in Q3 2027, when Oqood registration converts to a title deed.

Golden Visa Threshold

AED 2M ≈ USD 545K

Canal Heights 2 Starting Price

AED 1.33M ≈ USD 362K

Lowest Qualifying Unit

1 Bedroom Apartment

Ownership

Freehold, open to all nationalities

Registration Type

Oqood now, Title Deed at Q3 2027 handover

Developer

DAMAC

Data as of August 2026, based on Dubai Land Department project registration records and current DAMAC releases. Figures are updated quarterly.

Unit by Unit

Which Canal Heights 2 Residences Meet the AED 2M Threshold

Most towers sit entirely on one side of the residency line. Canal Heights 2 straddles it, and that is the single fact a buyer here has to plan around. The studio tier is a yield instrument priced for the Business Bay rental pool and stops short of the minimum on its own; the one bedroom tier opens well clear of it at AED 2.828M ≈ USD 770K, and every tier above that clears it by a wide margin. In practice the residency decision at this address is made at the moment you pick a tier, not at the moment you file an application. Layouts, floor level pricing, and the amenity set behind each tier are set out in the Canal Heights 2 project guide.

Unit TypeBuilt-Up AreaStarting PriceQualifies Alone
Studio Apartment437 to 563 sq ft (41 to 52 sq m)AED 1.33M ≈ USD 362KNo
1 Bedroom Apartment733 to 1,072 sq ft (68 to 100 sq m)AED 2.828M ≈ USD 770KYes
2 Bedroom Apartment1,263 to 3,999 sq ft (117 to 372 sq m)AED 3.818M ≈ USD 1.04MYes
3 Bedroom Super Luxury Duplex3,078 to 3,340 sq ft (286 to 310 sq m)AED 12.808M ≈ USD 3.49MYes
4 Bedroom Super Luxury Duplex4,425 to 4,666 sq ft (411 to 433 sq m)AED 19.00M ≈ USD 5.17MYes
Four of the five tiers qualify on a single purchase. The studio tier sits below the threshold at its entry price and would need a second registered property to reach it.
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Why this matters: eligibility is assessed on the registered purchase value, not on the tier label, so a one bedroom bought at AED 2.828M ≈ USD 770K stays above the line from the moment the contract is registered. A studio taken at AED 1.33M ≈ USD 362K does not, and neither would a secondary market unit in any tier priced under AED 2M ≈ USD 545K. Because price inside each tier moves with floor level, aspect, and canal frontage, confirm the contract value on your specific unit before applying.

Payment Plan and Timing

When Off-Plan Buyers at Canal Heights 2 Can Apply

Canal Heights 2 sells on a 60/40 construction linked plan: 5% on booking plus a flat AED 1,000 ≈ USD 272 Oqood registration fee, 10% one month after booking, 5% three months after booking, then 40% spread across months four to nine at 1% monthly with 18% falling in milestone payments during months five and nine. The remaining 40% is held to completion. Off-plan applications are typically supported by Oqood registration, which DAMAC completes after booking, together with proof that the purchase meets the qualifying value and any payment conditions applied by the Dubai Land Department and residency authorities at the time you apply.

My read on the timing: this structure front-loads the paid percentage far more than the headline 60/40 suggests, because the entire 60% lands inside the first nine months rather than tracking construction to the end. For a qualifying tier that is the useful part. Buyers relocating families or opening UAE bank accounts can reach the commonly applied paid-value conditions on an Oqood-registered contract inside the first year of ownership, years ahead of the Q3 2027 handover, and the tower stood at 28.06% progress at the April 2026 inspection. Investors with no urgency often prefer the simplest possible file and wait for handover, when the title deed is issued and the application rests on completed, registered ownership. Because requirements for off-plan applications are updated from time to time, confirm the current paid-value condition before submitting.

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VIP processing, zero service fee: for buyers who purchase through me, the full application service, document preparation, submission, and status follow-up, is included free. You pay only the official government fees published by the issuing authorities.

Read the full Off-Plan Property Golden Visa guide

The Project

The Canal Front Tower Behind a Qualifying Business Bay Purchase

A residency visa runs for ten years, and the residence that earns it should hold its value just as long. The full Canal Heights 2 guide covers what your qualifying investment actually buys: layouts, current pricing per tier, amenities, and the canal frontage the tower is built around.

Canal Heights 2 by DAMAC in Business Bay twin residential towers on the canal waterfront viewed from above at dusk in Dubai - Presented by Tohid Fetrat

Canal Heights 2 by DAMAC: de GRISOGONO Residences on the Canal

Canal Heights 2 by DAMAC holds 501 residences, studios to four bedroom duplexes, on the Dubai Canal in Business Bay.

View the Canal Heights 2 Project Guide

Golden Visa Guides

Requirements, Process, and Benefits in Full

The rules of the Golden Visa program are the same for every Dubai property, so they live in the dedicated guides below rather than being repeated here.

Golden Visa Requirements: AED 2M in Real Estate Registered in Your Name

Golden Visa requirements for property investors: real estate worth at least AED 2M, ownership proof, mortgages, off-plan rules and documents.

Read the requirements guide

Applying for the Golden Visa in Seven Steps, From Purchase to Approval

For a property investor, the seven steps run from the purchase to the visa, usually within weeks of ownership being confirmed.

Read the application guide

Golden Visa Benefits: Residency, Family Sponsorship and Long Periods Abroad

Golden Visa benefits: residency without an employer, long periods abroad without losing status and the right to sponsor your family.

Read the benefits guide

Insights

Project Insights for Canal Heights 2 Buyers

A Golden Visa purchase at Canal Heights 2 rests on more than clearing the AED 2M ≈ USD 545K line. Buyers should track verified construction progress toward the title deed and confirm that every instalment is held in escrow until the tower earns each drawdown. Explore the resources below before you commit.

Canal Heights 2 by DAMAC in Business Bay Golden Visa card graphic above the twin residential towers framed by palm trees in Dubai - Presented by Tohid Fetrat
You Are Here

Canal Heights 2 Golden Visa Guide

This page: which Canal Heights 2 tiers meet the AED 2M ≈ USD 545K threshold and when off-plan buyers can apply.

Canal Heights 2 by DAMAC in Business Bay construction updates cover image featuring a project rendering of twin residential towers beside the canal at night in Dubai - Presented by Tohid Fetrat

Canal Heights 2 by DAMAC: 43-Storey Canal-Side Tower Progress

Canal Heights 2 by DAMAC holds 501 residences over 43 floors in Business Bay, at 28.06% after the April 2026 inspection.

View Canal Heights 2 Construction Updates
Canal Heights 2 by DAMAC in Business Bay escrow account protection concept with shield and padlock icons above the twin residential towers in Dubai - Presented by Tohid Fetrat

Canal Heights 2 by DAMAC: Checking the Canal Tower's Escrow

Canal Heights 2 by DAMAC lists 505 units as DLD project 2615, escrowed at Emirates NBD, 28.06% certified by April 2026.

Verify the Canal Heights 2 Escrow Account

Structure

Explore Business Bay Structure

A qualifying residence holds its value through the district around it. Compare Canal Heights 2 against live canal front stock in Business Bay, read how the district trades day to day, and review the DAMAC delivery record before finalizing your Golden Visa purchase.

Business Bay properties for sale featuring modern residential towers and premium Dubai skyline views Captured by Tohid Fetrat.

Business Bay Properties for Sale

Browse apartments and branded towers across Business Bay, compare canal front pricing, and see which stock clears the Golden Visa threshold.

See Business Bay Properties for Sale
Business Bay skyline view featuring Opus Tower Bugatti Residences by Binghatti The Binary by Omniyat and Ahad Tower with modern high rise architecture and urban city streets captured by Tohid Fetrat.

Business Bay Community

Discover the canal promenade, metro access, retail and schooling density, and where rental demand concentrates around Canal Heights 2.

Explore the Business Bay Community Guide
DAMAC developer iconic modern tower with unique architectural design and Dubai skyline at sunset Presented by Tohid Fetrat

DAMAC Properties: Lagoon Communities, Golf Villas and Branded Collaborations

Founded in 2002, DAMAC has delivered 48,000 homes and is known for large-scale master communities, luxury residential projects and branded collaborations.

View the DAMAC Properties Developer Profile

FAQs

Canal Heights 2 Golden Visa Frequently Asked Questions

One bedroom apartments from AED 2.828M ≈ USD 770K, two bedroom apartments from AED 3.818M ≈ USD 1.04M, three bedroom super luxury duplexes from AED 12.808M ≈ USD 3.49M and four bedroom super luxury duplexes from AED 19.00M ≈ USD 5.17M all clear the AED 2M ≈ USD 545K minimum on a single purchase. Studios from AED 1.33M ≈ USD 362K sit below it. Full criteria are covered in the Golden Visa requirements guide.

Not on their own at the entry price. Studios start at AED 1.33M ≈ USD 362K, which is below the AED 2M ≈ USD 545K property investment minimum, so a single studio purchase does not meet the threshold. The tier remains fully freehold and registered at the Dubai Land Department in the buyer's name, and because price within the tier moves with floor level and aspect, the registered contract value on a specific unit is what decides the outcome.

Combined property value is an established route to the minimum, and two studios at the AED 1.33M ≈ USD 362K entry price reach AED 2.66M ≈ USD 724K together. Whether a combination is accepted, and on what conditions, depends on the rules in force at the time of application and on how each property is registered, so the position should be confirmed before committing to a second unit rather than assumed.

Off-plan applications are typically supported by Oqood registration and proof that the purchase meets the qualifying value and any paid-value conditions applied at the time of application. Buyers who prefer a simpler file can wait for the title deed at handover in Q3 2027. The process is explained step by step in the off-plan Golden Visa guide.

The plan is 5% on booking plus a flat AED 1,000 ≈ USD 272 Oqood registration fee, 10% one month after booking, 5% three months after booking, and 40% across months four to nine at 1% monthly with 18% in milestone payments during months five and nine. The final 40% falls on completion. Because the full 60% lands within roughly nine months of booking rather than tracking the build to the end, buyers in a qualifying tier commonly reach the paid-value conditions well before the Q3 2027 handover.

Yes. Canal Heights 2 is freehold and open to all nationalities, with ownership registered at the Dubai Land Department, which is a requirement for property-based Golden Visa eligibility. Buyer instalments are protected through the project's DLD-registered escrow account, detailed on the Canal Heights 2 escrow account page.

No. For buyers who purchase through this advisory, the VIP application service, covering document preparation, submission, and status follow-up, is included at no charge. Only the official government fees apply, as published by the issuing authorities at the time of application.

No. A qualifying purchase makes you eligible to apply, but approval depends on satisfying every requirement in force at the time of application, including ownership verification and standard background checks. The 10-year renewable term is the program term currently applied. Build progress toward the title deed can be checked at any time on the Canal Heights 2 construction updates page.

Portrait of Tohid Fetrat, Dubai real estate advisor and portfolio manager with expertise in luxury developments

Your Advisor

Tohid Fetrat

Independent of the developer: I work for the buyer, and my only job on this page is making sure the property you buy actually qualifies before you commit, with the VIP visa application service included free for my buyers. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.

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