CANAL HEIGHTS by Damac Properties in Business Bay, Dubai, UAE: property for sale from the developer

The Canal Heights residential complex in Dubai

Canal Heights is a new high-end residential project being developed by Damac Properties. The complex is located in the prestigious business district of Dubai Business Bay, on the shore of the Dubai Canal. The main cultural and entertainment centre of the emirate - Downtown Dubai - is located within a few minutes' drive from the residential complex.

The residential complex will include two high-rise towers resembling glittering ships. Each building will have a spacious terrace at podium level with a large infinity pool, lounge area with sun loungers, playground, and swimming pool. The towers will have quick access to a palm tree-lined promenade along the Dubai Canal. On the roof of the buildings, there will be an open terrace with a green garden.

Residents of the new Canal Heights developments in Dubai will have access to a variety of amenities, including:

A fully equipped gym.
A tennis court.
Shopping malls and a supermarket.
A playground with fountains.
Restaurants and cafes.
Landscaped gardens.

Real estate in Business Bay, Dubai, UAE

Business Bay is the main business district of Dubai. Here, the office headquarters of many large companies are located. Residential real estate in the area is represented by high-rise apartment buildings, hotels, and mixed-use complexes. Buyers can choose real estate among elite studios, apartments, penthouses, and duplexes.

In addition to luxury apartments, apartment complexes have various public spaces. Many of the first-floor complexes include stores, restaurants, and cafes. The developments have swimming pools, spas, children's playrooms, conference rooms, and other amenities.

The new residential complex Canal Heights will occupy a strategic location in Business Bay, right on the waterfront, close to transportation and bus stops. The both buildings of the complex will be equipped with walkways surrounded by palm trees and lawns.

The sale of real estate in Canal Heights

The Business Bay area, where the new residential complex is located, belongs to the freehold zone. This means that everyone, including non-residents of the UAE, can buy an apartment in Canal Heights with the right of full private ownership. Herewith, foreign citizens benefit from the program of obtaining a resident visa for the purchase of real estate in the neighbourhood. To obtain the document you need to buy an apartment worth at least AED 750,000 (USD 204,000).

Currently, you have the opportunity to buy real estate in Canal Heights at the construction stage, directly from the builder. This allows you to buy high-quality housing at below-market prices. For buyers of apartments that are under construction, a convenient four-year interest-free installment plan is available. The installment plan assumes payment of 80% of the amount at the stage of construction and 20% after the commissioning of the housing.

Currently, the minimum price for a unit in Canal Heights is AED 1.25 million (USD 340,500) for a studio apartment. Apartments with one and two bedrooms start at AED 1.67 million (USD 454,500) and AED 3.43 million (USD 934,000), respectively. Luxury residence, which occupies an entire floor, will cost buyers AED 18.2 million (USD 4.95 million).

Check out the current real estate offers for sale at Damac Properties' developer price in a dedicated catalog on the website. If you have any questions regarding the purchase of an apartment in the off-plan residential complex, please feel free to contact our experts.

Real estate in Canal Heights

Lifestyle

Residents of apartments in a new development in Canal Heights will be able to lead a dynamic lifestyle and always be in touch with all the cultural, business, and entertainment events in Dubai. There are many restaurants, cafes, and bars in the immediate vicinity of the residential complex, where you can have a great time with your family or friends.

For shopping, you can go to the Dubai Mall, where a wide range of world-class brands of stores, popular restaurants, and cafes are available. The huge mall also offers an oceanarium, an ice rink, a movie theatre, and a number of entertainment centres.

To maintain an excellent physical shape, residents of the complex can use the gym and a large swimming pool. Pedestrian paths next to the apartment building and a promenade are great for daily jogging.

Advantages of the residential complex

The exclusive design of the two towers, thoughtful layouts, and high-quality infrastructure make Canal Heights an ideal place to live and invest.

The advantageous location of the residential complex will provide its residents with quick access to the centre of the city with popular shopping and entertainment centres, the Gulf coast with its snow-white sandy beaches, and all the necessary social amenities.

The proximity of Dubai Canal and the abundance of green spaces on the territory of the residential complex and neighbouring areas will provide a comfortable microclimate and will contribute to pleasant outdoor walks.

Studios and apartments in Canal Heights

Those wishing to buy property in Canal Heights can choose from studios, apartments with one or two bedrooms, and exclusive residences occupying an entire floor. The studios are 41 m² and larger. The one-bedroom apartments are 57 m² and the two-bedroom apartments have a floor area of 122 m².

Apartments will have spacious balconies where residents can arrange additional space for relaxation. Glass enclosures and large panoramic windows allow unobstructed views of the downtown area and Dubai Water Canal.

The layout and design of the apartments have been carefully designed to ensure that the owners can enjoy a homely and comfortable environment.

Construction completion

The residential complex is currently under construction. The planned date of commissioning is September 2027. Until then, everyone can buy an apartment in the off-plan Canal Heights residential complex at the developer's price, saving up to 20% of the market price of the object. The project is being developed by a major construction company in Dubai, specializing in premium real estate.

The developer strictly follows the master plan, so buyers of apartments that are under construction can be sure that they will receive high-quality housing in the specified time.

Real estate in Canal Heights as an investment opportunity

Apartments in Canal Heights are an excellent real estate option for a secure investment, whether you are buying an apartment for personal use or not. Its location on the banks of the Dubai Canal, close to five-star hotels, business centres, and shopping venues makes it attractive to potential tenants.

Currently, owners of rental apartments in the Business Bay area can expect an income of up to 6.7% per annum. Upon completion of construction works, the value of the real estate in the new residential complex will increase, which will allow investors to resell apartments profitably.

For all matters concerning investments in real estate from the developer Damac Рrореrtіеѕ in Dubai, you can refer to our agents. Contact our experts at any time by filling out a feedback form.

Developer Damac Properties

172All objects of the developer

2002Founded in

Damac Properties is a large construction company established in 2002. The developer has many completed and under-construction projects in UAE and other countries of the world such as Qatar, Lebanon, Saudi Arabia, Great Britain, etc.

Properties from Damac Properties are characterized by luxurious design, high-quality workmanship, and the best locations for the residential and commercial complexes.

Some of the company's developments are created in collaboration with big hotel brands, famous couturiers, and architects, and many residential and hotel developments have won prestigious awards. These include the stand-alone residential community Damac Hills with a golf club, the high-rise Damac Towers complex, and the Aykon City complex.

CANAL HEIGHTS