Apartments · Business Bay
Canal Heights
by Damac Properties · Business Bay
Damac Reawakens Canal Heights, the successor of the Chic Tower, for you. Canal Heights is a dazzling, glistening property close to the Dubai Canal, where you will feel entirely at home. You will be surrounded by other fashionable high-rises and…
Listed 21 Mar 2025
Off-planSource: developer listing, last verified .
DLD verification pendingOverview
About Canal Heights
Damac Reawakens Canal Heights, the successor of the Chic Tower, for you. Canal Heights is a dazzling, glistening property close to the Dubai Canal, where you will feel entirely at home. You will be surrounded by other fashionable high-rises and close to everything in Dubai due to your location in the bustling financial district of Business Bay. Select from a variety of deluxe Studios, one-bedroom, and two-bedroom apartments. Inspired by Master Jeweler De Grisogono, the iridescent and dazzling interiors are a true blue pearl masterpiece.
Highlights
Why buyers look at this project
- Majestic studios, one and two bedroom designer apartments, Unique water feature amenities, Stunning canal and downtown views, 80/20 Payment Plan, Starting Price AED 1.2M, Prime location in Dubai, Extravagant and sparkling interiors inspired by underwater pearl elements
Details
Project details
- Starting Price
- AED 1,200,000
- Payment Plan
- 80/20
- Property Types
- Apartments
- Developer
- Damac Properties
- Handover
- 2027
- Bedrooms
- 1, 2, Studio
- Location
- Business Bay
- Status
- Off-plan
Gallery
Renders and views
Developer renders and photos as published. Drag or swipe for more.
Amenities
Amenities
Canal Heights offers an exceptional array of world-class amenities designed to enhance every aspect of modern living.
- Plunge into luxury with a wide selection of incredible amenities This gorgeous residence is a beautiful jewel of lively living
- tranquillity
- enjoyment
- and a great sense of wellness.
Payment plan
How the price is paid
80/20
How 80/20 plans workStep 1
During Construction
80%
≈ AED 960,000 on the starting price
Step 2
On Handover
20%
≈ AED 240,000 on the starting price
Post-handover payment plans may be available. Contact our specialists for customized financing options.
Amounts are indicative, calculated on the published starting price. The 4% DLD registration fee and admin fees are extra.
Unit types
Units and floor plans
Floor plans are sent on request, with current availability and the exact price list.
Unit mix: 1, 2, Studio · Apartments
Request floor plansClose
Location
Business Bay and connectivity
Canal Heights is in Business Bays’ vibrant financial district, surrounded by other stylish high-rises, modern apartment buildings, and popular hotels. This property is located in the center of Dubai, with easy access to the city’s critical attractions via numerous transportation links.
About the area
Business Bay
55 projects listed in Business Bay
Business Bay sits right at the centre of Dubai, running along the Dubai Canal with Downtown and the Burj Khalifa just a few minutes up the road. What started out as the city’s answer to Manhattan has grown into something more interesting: a proper neighbourhood…
All projects in Business BayInvestment
Investment outlook
This off-plan project presents strong investment potential across the UAE, with projected rental yields of 6–8%, long-term capital appreciation, and growing demand from both residents and international investors.
- Projected Rental Yield
- 6–8%
- Potential Capital Appreciation
- 10–15%
- Golden Visa Eligibility Potential
- AED 2M+
- UAE off-plan properties continue to attract strong local and international investor demand.
- Selected communities may offer rental yields of around 6–8%, depending on location and unit type.
- Buyers may benefit from 10–15% potential price growth by handover in high-demand areas.
- Properties from AED 2 million may qualify for UAE Golden Visa eligibility, subject to regulations.
General Dubai market context as published in the developer’s marketing, not a project-specific forecast. Yields depend on the unit, the purchase price and the rent achieved.
Financing
Financing options
- Low Down Payment
- Developer Payment Plans
- Post-Handover Plans
- Mortgage Assistance
- Interest-Free Installments
- Resident & Non-Resident Financing
Developer plans are interest-free by design; bank mortgages for off-plan are usually available from a set construction stage. Our experts can introduce mortgage advisors for residents and non-residents.
About the developer
Damac Properties
78 projects listed
Explore the world of DAMAC Properties, one of Dubai’s most recognised private real estate developers, known for shaping luxury communities, branded residences, and lifestyle-driven destinations across the UAE and international markets. Since 2002, DAMAC has delivered tens of thousands of homes and built a reputation for bold design, glamour, and…
All projects by Damac PropertiesFAQ
Questions buyers ask
What is off-plan property in Dubai?
Off-plan property is a unit purchased directly from the developer before or during construction, typically at a lower entry price and with flexible, milestone-based payment plans.
Can foreigners buy property in Dubai?
Yes. Foreign nationals can buy freehold property with 100% ownership in Dubai's designated freehold areas, with no residency requirement.
What is a payment plan and how does it work?
A payment plan splits the property price into instalments — usually a down payment on booking, staged payments during construction, and a final amount on handover.
What is the UAE Golden Visa and how can real estate qualify?
The Golden Visa is a long-term, renewable UAE residency (up to 10 years). A property investment of AED 2 million or more typically qualifies the owner to apply.
How do I get a mortgage for a Dubai property?
Both residents and non-residents can obtain mortgages from UAE banks, generally financing 50–80% of the value depending on status. Our team can connect you with mortgage advisors.
What is the expected ROI from Dubai off-plan property?
Dubai off-plan typically delivers strong returns — rental yields of around 6–8% plus notable capital appreciation by handover, varying by location and project.
Similar projects
Compare before you decide
Projects buyers of this project also shortlist.
- Off-plan
AED 1.2Mfrom
Handover 2028
- Off-plan
AED 1.2Mfrom
Handover 2025
- Off-plan
AED 1.2Mfrom
Handover 2024
- Off-plan
AED 1.2Mfrom
Handover 2026
- Off-plan
AED 1.2Mfrom
Handover 2025
- Off-plan
AED 1.2Mfrom
Handover 2028
Enquire
Ask about Canal Heights
Brochure, floor plans, current availability and the exact price list, sent by a real estate expert who answers. Starting price AED 1,200,000, 80/20 plan, handover 2027.
AED 1.2M
80/20 plan · 2027