Off-plan · Freehold
Canal Heights
by DAMAC Properties · handover Q2 2027
Canal Heights, in plain numbers.
Canal Heights is an off-plan residential project by DAMAC Properties in Business Bay, Dubai. It is registered with the Dubai Land Department as project 2602, a project consists of 3b+g+3p+42f+1mech+r+1ur residential building with retail outlets located in business bay, dubai. the building is designed to have a concreted structure and block with internal and scheme, with works dated from May 2023 and 18.1% built at the last inspection. Handover is planned for Q2 2027. 415 units are registered, mostly Studio homes of about 463 sq ft and one-bedroom homes of about 775 sq ft. The register shows 464 sales since October 2025, 33 of them in the last twelve months, at a median of AED 2,821 per sq ft.
- Gymnasium
- Restaurants
- Shared Pool
- Children's Play Area
- Entry price under AED 1.2M
- 35% above ready resales in Business Bay per sq ft
- 33 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.
What is in Canal Heights.
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 | 204 | 463 sq ft | 35 | AED 1,327,000 | 2,879 |
| 1 bedroom | 142 | 775 sq ft | 41 | AED 2,320,000 | 2,952 |
| 2 bedrooms | 62 | 1,399 sq ft | 28 | AED 3,706,844 | 2,750 |
| 3 bedrooms | 2 | 3,100 sq ft | — | — | — |
| 4 bedrooms | 1 | 4,381 sq ft | — | — | — |
Matched to the Land Department project Canal Heights (project no. 2602).
How you pay.
- 20%On booking (down payment)20% of the price, about AED 708K on the starting price
- 60%During construction60% of the price, about AED 2.12M on the starting price
- 20%On handover20% of the price, about AED 708K 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.
What Canal Heights actually sells for.
Registered sale prices, not the developer's list prices.
| Date | Bedrooms | Sq ft | Price | AED / sq ft | Stage |
|---|---|---|---|---|---|
| 21 Aug 2026 | 2 B/R | 1,333 | AED 3,493,440 | 2,621 | Off-plan |
| 14 Aug 2026 | 2 B/R | 1,350 | AED 3,290,340 | 2,437 | Off-plan |
| 13 Aug 2026 | Studio | 467 | AED 1,314,000 | 2,811 | Off-plan |
| 4 Aug 2026 | Studio | 460 | AED 1,295,000 | 2,817 | Off-plan |
| 6 Jul 2026 | Studio | 454 | AED 1,276,000 | 2,808 | Off-plan |
| 28 Apr 2026 | 2 B/R | 1,409 | AED 4,032,960 | 2,861 | Off-plan |
| 31 Mar 2026 | 1 B/R | 818 | AED 2,527,000 | 3,091 | Off-plan |
| 30 Mar 2026 | Studio | 473 | AED 1,359,000 | 2,873 | Off-plan |
Source: Dubai Land Department open data, matched by the registered project name. Unit numbers are never shown.
Where it is.
Business Bay, 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.
Questions people ask.
When is Canal Heights handed over?
The developer plans handover for Q2 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?
DAMAC Properties (registered as Vesta Real Estate Development L.L.C). The project is registered with the Dubai Land Department as number 2602.
What is the payment plan for Canal Heights?
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?
Registered sales over the last 12 months have a median of AED 2,821 per sq ft, against about AED 2,083 for ready homes in Business Bay.
Can foreigners buy in Canal Heights?
Yes. Canal Heights 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.
More off-plan projects.
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Binghatti Aquarise
Off-planBinghatti Developers · Business Bay
Binghatti Skyrise
Off-planIRTH Group · Business Bay