Canal Heights by DAMAC

Canal Heights is a twin-tower branded residential development by DAMAC on the Dubai Canal in Business Bay, designed in collaboration with the Geneva jeweller de GRISOGONO. It holds 411 residences, with studios and one and two bedroom apartments on levels 2 to 38 and three and four bedroom duplexes on levels 40 to 43.

Canal Heights occupies a canal-front plot in Business Bay, Dubai, alongside the Dubai Water Canal promenade. Sheikh Zayed Road and Al Khail Road both border the district, and Downtown Dubai is around five minutes away by car.

The development offers studios, one bedroom and two bedroom apartments in the tower levels, plus three bedroom and four bedroom duplex residences on the upper floors. A rooftop observation deck sits above the duplex levels, and podium amenities and promenade retail occupy the lower floors.

Handover is expected in Q2 2027. The towers are currently under construction, and verified inspection activity and dated progress milestones are published in the Canal Heights construction updates guide.

Prices start from AED 1.255M ≈ USD 342K for a studio of approximately 440 sq ft (41 sq m). One bedroom apartments start from AED 1.671M ≈ USD 455K and two bedroom apartments from AED 3.429M ≈ USD 934K, while the duplex residences start from AED 12.46M ≈ USD 3.39M.

The plan is structured as 20 percent on booking, 60 percent during construction, and 20 percent on completion. The construction portion is paid in quarterly instalments across 48 months from the sale date, tapering from 5 percent to 3 percent as the schedule progresses. The 4 percent Dubai Land Department fee is payable in addition to the initial deposit.

The property investment threshold for the 10 year UAE Golden Visa is AED 2M ≈ USD 545K. Two bedroom apartments and both duplex types at Canal Heights are priced above that threshold and therefore qualify, while studios and one bedroom apartments start below it and do not qualify on a single-unit purchase. Full eligibility conditions are set out in the Canal Heights Golden Visa guide.

Yes. Canal Heights sits within a designated Dubai freehold area, so residences are available to buyers of all nationalities with full freehold ownership rights registered at the Dubai Land Department.

Yes. Reservation, the sales and purchase agreement, and Oqood registration can all be completed remotely without travelling to Dubai, and I manage the sequence end to end with the developer. Each stage of a remote off plan purchase is documented in my Dubai real estate guide library.

Every off plan instalment is paid into the project's DLD-registered escrow account rather than to the developer directly, and funds are released only against verified construction progress. The framework is regulated by the Dubai Land Department, and the mechanics are explained in the Canal Heights escrow account guide.

It supports two distinct strategies. The studios and one bedroom apartments target the Business Bay leasing market, where compact canal-view stock has a deep tenant pool and rail access on the Red Line widens it further. The duplexes are a scarcity play, with only four floors of them across 411 residences, and behave more like capital appreciation assets than yield ones. Which is appropriate depends on your holding horizon, whether you need income during the build, and how you plan to exit.