Apartments · Business Bay
Canal Heights 2
by Damac Properties · Business Bay
Damac Properties invites you to experience the enchanting lifestyle of Canal Heights 2 at Business Bay. Offering a variety of living options, including studios, 1 & 2 bedroom apartments, and ultra-luxurious 3 & 4 bedroom duplexes, this high-rise development boasts…
Listed 21 Mar 2025
Off-planSource: developer listing, last verified .
DLD verification pendingOverview
About Canal Heights 2
Damac Properties invites you to experience the enchanting lifestyle of Canal Heights 2 at Business Bay. Offering a variety of living options, including studios, 1 & 2 bedroom apartments, and ultra-luxurious 3 & 4 bedroom duplexes, this high-rise development boasts a sophisticated design, distinctive curved exterior, and captivating interior decor. Within this remarkable development, your home redefines the essence of refined waterfront living in ways you never imagined. This exclusive lifestyle beckons once more in the heart of Business Bay, Dubai, connecting you effortlessly to renowned hotspots, business districts, commercial hubs, and shopping centers. The breathtaking vistas from your residence allow you to savor life with a newfound level of class and sophistication. This development is a true embodiment of the allure of Blue Topaz, seamlessly integrated into its designs and architectural features. It unmistakably showcases Damac’s hallmark luxury style, radiating throughout its designs and ambiance. The meticulously tailored lifestyle combines vibrant hues, graceful textures, and seamless forms to create a tranquil and elegantly refined way of living.
Highlights
Why buyers look at this project
- 80/20 Payment Plan, Starting Price AED 1.23M, Majestic studios, 1 and 2 bedroom apartments and 3 & 4 Luxury Duplexes, Unique water feature amenities, Stunning canal and downtown views, Prime location in Dubai, Extravagant and sparkling interiors inspired by underwater pearl elements.
Details
Project details
- Starting Price
- AED 1,230,000
- Payment Plan
- 80/20
- Property Types
- Apartments
- Developer
- Damac Properties
- Handover
- 2027
- Bedrooms
- 1, 2, 3, 4, Duplex, 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 2 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 984,000 on the starting price
Step 2
On Handover
20%
≈ AED 246,000 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.
1 Bedroom Apartment
- Sizes and prices on request
Request floor planClose
2 Bedroom Apartment
- Sizes and prices on request
Request floor planClose
3 Bedroom Luxury Duplex
- Sizes and prices on request
Request floor planClose
4 Bedroom Luxury Duplex
- Sizes and prices on request
Request floor planClose
Location
Business Bay and connectivity
Canal Heights 2 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.
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Enquire
Ask about Canal Heights 2
Brochure, floor plans, current availability and the exact price list, sent by a real estate expert who answers. Starting price AED 1,230,000, 80/20 plan, handover 2027.
AED 1.23M
80/20 plan · 2027