Canal Heights 2 by DAMAC Properties, developer's render

Off-plan · Freehold

Business Bay · Dubai

Canal Heights 2

by DAMAC Properties · handover Q3 2027

AED 2.83Mstarting price today

AED 2,785registered per sq ft

29sales in 12 months

505units

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Q3 2027Planned handover

DAMAC PropertiesDeveloper

505Units registered

18.1% builtConstruction

FreeholdOwnership

2615DLD project number

1 to 4 bedroomsHomes on offer

About the project

Canal Heights 2, in plain numbers.

Canal Heights 2 is an off-plan residential project by DAMAC Properties in Business Bay, Dubai. It is registered with the Dubai Land Department as project 2615, a 4b+g+3p+43f+2mech+r residential+commercal.the project designed to have a concrete structure and block with internal and external finishes. scheme, with works dated from June 2023 and 18.1% built at the last inspection. Handover is planned for Q3 2027. 505 units are registered, mostly Studio homes of about 474 sq ft and one-bedroom homes of about 829 sq ft. The register shows 499 sales since October 2025, 29 of them in the last twelve months, at a median of AED 2,785 per sq ft.

Amenities

Health Club
Gymnasium
Restaurants
Shared Pool
Security

Our view

34% above ready resales in Business Bay per sq ft
29 registered sales in 12 months
Keys in 2027

Registered projects only. Every project we show is registered with the Dubai Land Department; payments go into a RERA-supervised escrow account in the developer's name.

Prices and units

What is in Canal Heights 2.

Units by type from the Land Department's register, the prices they have sold at, and the developer’s price list on request.

Type	Units in the project	Typical size	Registered sales, 2 years	Median price	AED / sq ft
Studio	262	474 sq ft	51	AED 1,390,000	2,901
1 bedroom	171	829 sq ft	45	AED 2,245,000	2,858
2 bedrooms	55	1,496 sq ft	26	AED 3,677,000	2,785
3 bedrooms	11	2,573 sq ft	6	AED 5,779,000	2,618
4 bedrooms	2	4,553 sq ft	—	—	—

Matched to the Land Department project Canal Heights 2 (project no. 2615).

Payment plan

How you pay.

20%60%20%

20%
On booking (down payment)20% of the price, about AED 566K on the starting price
60%
During construction60% of the price, about AED 1.7M on the starting price
20%
On handover20% of the price, about AED 566K on the starting price

A post-handover plan is also offered, where part of the price is paid after you receive the keys; ask us for its schedule.

Payment plan 20/60/20 as published by the developer, checked 26 Sept 2026. Plans change during a launch; we confirm the current one in writing before you reserve.

From the Land Department register

What Canal Heights 2 actually sells for.

Registered sale prices, not the developer's list prices.

AED 2,785median per sq ft, last 12 months

29sales registered in 12 months

499sales registered in total, since October 2025

+34%against ready homes in Business Bay (AED 2,083 per sq ft)

Median registered price per square foot each quarter; the bars below count the sales. The shaded band holds the middle 60% of sales over the last 12 months.

Most recent registered sales
Date	Bedrooms	Sq ft	Price	AED / sq ft	Stage
18 Sept 2026	1 B/R	971	AED 2,683,120	2,764	Off-plan
11 Sept 2026	Studio	477	AED 1,247,400	2,617	Off-plan
20 Aug 2026	Studio	456	AED 1,304,000	2,859	Off-plan
29 Jul 2026	2 B/R	1,330	AED 3,627,100	2,727	Off-plan
16 Jul 2026	1 B/R	823	AED 2,291,000	2,783	Off-plan
29 Jun 2026	Studio	458	AED 1,313,000	2,865	Off-plan
3 Jun 2026	1 B/R	809	AED 2,194,000	2,711	Off-plan
16 Apr 2026	2 B/R	1,326	AED 3,794,000	2,860	Off-plan

Source: Dubai Land Department open data, matched by the registered project name. Unit numbers are never shown.

Location

Where it is.

Business Bay, Dubai.

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Buying off-plan in Dubai

What it costs beyond the price.

Land Department registration (Oqood): 4% of the price, usually paid with the booking instalment, plus the developer's small registration fee.
No agency fee to you when you buy from the developer: the developer pays our commission.
Your payments go into the project's escrow account, released to the developer as construction is certified.
At handover: service charges start, and a mortgage can finance the final payment if the plan allows it.

General guidance; we confirm every fee for this project in writing before you reserve.

Good to know

Questions people ask.

When is Canal Heights 2 handed over?

The developer plans handover for Q3 2027; the Land Department recorded the project at 18.1% built. Launch dates can move, and we track the registered progress for you.

Who is the developer of Canal Heights 2?

DAMAC Properties (registered as Resta Real Estate Development L.L.C). The project is registered with the Dubai Land Department as number 2615.

What is the payment plan for Canal Heights 2?

20% on booking (down payment), 60% during construction, 20% on handover. We confirm the current plan in writing before you reserve.

What is the price per square foot in Canal Heights 2?

Registered sales over the last 12 months have a median of AED 2,785 per sq ft, against about AED 2,083 for ready homes in Business Bay.

Can foreigners buy in Canal Heights 2?

Yes. Canal Heights 2 is freehold, so buyers of any nationality can own the property outright, registered in their own name with the Land Department.

Is buying off-plan safe?

Payments for a registered off-plan project go into a RERA-supervised escrow account, and your purchase is registered with the Land Department (Oqood). We check the developer's completed projects and the registered sales before we recommend a project.