CANAL HEIGHTS in Business Bay, Dubai, UAE № 239620

DAMAC Properties plans to hand over the property in Q3 2027. Apartments with different floor plans are now available for purchase in the residential development. The developer offers a flexible payment plan with a small down payment followed by instalments. You can find floor plan options and the current cost of residential units in the off-plan Canal Heights project in the catalogue on our website.

Architecture and design

Canal Heights is one of the most ambitious projects by DAMAC Properties. One of the key aspects of the community is its design and high-tech interior solutions. The developer created this project in collaboration with the famous Swiss brand De Grisogono, which has specialised in luxury jewellery and watches since 1993. The exterior of the buildings impresses with the splendour of huge windows, graceful marble finishes, and the elegance of metal decorative elements.

The ground floor of the building features a lobby with high ceilings and 24/7 security ensuring the safety of guests. Apartments in Canal Heights boast high technological standards and exclusive interior design. They offer large living spaces and roomy terraces overlooking the city.

Studios and apartments in Canal Heights

Properties in Canal Heights include a variety of apartments ranging from studios to one- and two-bedroom residences. All residential units are equipped with the Smart Home system.

• The studios in the development are spacious and bright rooms, including a relaxation space and a bedroom, as well as a small kitchen area and a bathroom. Their area is 40 m², and the price starts at $341,000. This is a convenient option for young people and single professionals looking for a stylish and comfortable home.
• The one-bedroom apartments include a spacious living room, a bedroom, a separate kitchen, two bathrooms, and a balcony. The area of such apartments varies from 57 to 79 m², and the average price is $530,000.
• The two-bedroom apartments cost $938,000 and have a similar floor plan to the one-bedroom apartments. Their maximum area is 123 m².

All apartments feature a balcony and panoramic windows, and the kitchen is fitted with European appliances. The height of the ceilings in the residential units reaches 3.4 m.

Lifestyle

Property in Canal Heights by DAMAC Properties is suitable for a wide range of people, as there are different unit types. This is first and foremost a good option for people who want to live in the heart of Dubai. Local residences will be a good find for:

• highly skilled professionals and well-paid digital nomads who value comfort and functionality;
• families who prioritise cosiness, convenient location, transport links with other districts, and a variety of nearby infrastructure facilities.

In addition, the community can appeal to investors looking for quality properties that can potentially generate high rental revenue. Proximity to the business district and other key city locations makes apartments in Canal Heights attractive to business travellers, tourists, and other visitors to the city.

Investment property in Canal Heights

The market of property in Dubai sees continuous growth, despite the instability of the global economy in recent years. The price per square metre is going up and will increase by another 12% in 2023, according to Knight Frank. Here are the key reasons why the community attracts investors:

• It is superbly located in downtown Dubai and booming Business Bay. The average return on investment here is 6.4% per year.
• The design and quality of apartments is top-notch, which makes the property more attractive for the rental market.
• The project is being developed by DAMAC Properties, one of the largest developers of real estate in Dubai and the Middle East. Since its foundation, the company has become one of the most successful market players in the region. The developer specialises in the construction of high quality luxury real estate.
• There are many amenities and services for residents, including a wave pool, a gym, a playground with a glass fountain, an underwater museum, etc.

You can find current purchase offers in the catalogue on our website. Our experts will give you detailed information on available properties in off-plan and ready projects by leading developers in the UAE.