Dubai · Business Bay
From AED 2,665,600From $725,843From €633,347
($725,843)(AED 2,665,600)(AED 2,665,600)
Canal Heights 2 is the second phase of the Canal Heights residential development by DAMAC Properties in Business Bay. The project comprises a ground floor, three podium levels, forty-four residential floors, and a rooftop. The tower’s architecture combines a streamlined form with a clear horizontal façade structure. Panoramic glazing spans the high-rise volume, while the expressive geometry of the upper levels creates a distinctive silhouette. The project offers studios and one-, two-, three-, and four-bedroom apartments. The interior concept draws on the aesthetics of gemstones and is inspired by blue topaz. Light stone textures, deep blue tones, and delicate metallic details create a layered and expressive design. Residents have access to a swimming pool, fitness centre, leisure and barbecue areas, children’s play areas, and underground parking. The development also features cafés, restaurants, and retail outlets, while the Business Bay Canal promenade is just a few minutes’ walk away. Thanks to its convenient location, the project provides quick access to Dubai’s key destinations. Dubai Mall is approximately a five-minute drive away, Jumeirah Beach and Burj Al Arab are around fifteen minutes away, while Dubai Marina and Palm Jumeirah can be reached in approximately twenty-five minutes.
Calculated on starting price from AED 2,665,600.Calculated on starting price from $725,843.Calculated on starting price from €633,347.
Payment schedule shown is indicative — confirm exact stage amounts and dates with the developer before signing.
Booking & Downpayment
5%
On booking
5% + 1000 AED OQOOD Fee + 540 AED Title Deed + 1000 AED DSR Fees
During construction
55%
4 instalments
10% — 1 month after booking
5% — 3 months after booking
18% (2% monthly) — From 4 to 12 months after booking
22% (3% monthly with a milestone payment 4%) — From 13 to 19 months after booking, 4% in month 16
Handover
40%
On completion
40% — On completion
AED 2,665,600–3,306,000$725,843–$900,224€633,347–€785,506
$725,843–$900,224AED 2,665,600–3,306,000AED 2,665,600–3,306,000
Inquire about 1 BR units →
AED 3,434,000–6,909,000$935,078–$1,881,321€815,918–€1,641,578
$935,078–$1,881,321AED 3,434,000–6,909,000AED 3,434,000–6,909,000
Inquire about 2 BR units →
AED 12,808,000–13,656,000$3,487,618–$3,718,529€3,043,181–€3,244,666
$3,487,618–$3,718,529AED 12,808,000–13,656,000AED 12,808,000–13,656,000
Inquire about 3 BR units →Infinity Pool
Private Pool
Pool Deck
Leisure Areas
Social Zone
Sitting Area
Bar
Lobby
Lift
Parking
Beauty Salon
Shared Pool
Broadband Internet
Dining outlets (coffee houses & restaurants)
Recreational Areas
Sunken Seating
Resting Areas
DAMAC Properties is one of Dubai's best-known private developers, active since 2002 and widely recognised for a high volume of output across mid-to-upper price segments. The developer has built its identity around themed residential communities, fashion and design brand collaborations -- including Versace, Fendi, Roberto Cavalli, and de Grisogono -- and a consistent appetite for large-scale master-planned districts. DAMAC Hills and DAMAC Hills 2 are the two anchor communities the company has developed from the ground up, and together they represent a substantial share of the developer's delivered and active supply.
View DAMAC Properties profile →MORE FROM DEVELOPER
DUBAI SOUTH · DUBAI
DAMAC Properties
CELESTIA
Handover · 3Q 2019
From AED 988KFrom $269KFrom €235K
View →
DAMAC ISLANDS · DUBAI
DAMAC Properties
DAMAC ISLANDS - SEYCHELLES 2
Handover · 2Q 2029
From AED 4.07MFrom $1.11MFrom €968K
View →
DAMAC HILLS 2 · DUBAI
DAMAC Properties
ELO
Handover · 4Q 2026
From AED 685KFrom $187KFrom €163K
View →
DAMAC ISLANDS 2 · DUBAI
DAMAC Properties
DAMAC ISLANDS 2 - TAHITI 2
Handover · 2Q 2030
From AED 3.56MFrom $969KFrom €846K
View →
BUSINESS BAY · DUBAI
DAMAC Properties
DAMAC MAISON CANAL VIEWS
Handover · 2Q 2014
From AED 2.25MFrom $613KFrom €535K
View →
AL MARJAN ISLAND · RAS AL KHAIMAH
DAMAC Properties
SHORELINE
Handover · 3Q 2028
From AED 4.53MFrom $1.23MFrom €1.08M
View →MORE PROJECTS
BUSINESS BAY · DUBAI
SOL Properties
SOL BAY
Handover · 1Q 2020
From AED 2.04MFrom $555KFrom €485K
View →BUSINESS BAY · DUBAI
DAMAC Properties
DAMAC MAISON CANAL VIEWS
Handover · 2Q 2014
From AED 2.25MFrom $613KFrom €535K
View →
BUSINESS BAY · DUBAI
R.evolution
EYWA TREE OF LIFE
Handover · 4Q 2026
From AED 14.0MFrom $3.82MFrom €3.33M
View →
BUSINESS BAY · DUBAI
Omniyat Properties
ENARA
Handover · 4Q 2028
From AED 78.2MFrom $21.3MFrom €18.6M
View →
BUSINESS BAY · DUBAI
77 Shades of Green Real Estate Development
77S TOWER
Handover · 4Q 2028
From AED 663KFrom $181KFrom €158K
View →
BUSINESS BAY · DUBAI
Ginco Properties
VYB
Handover · 2Q 2026
From AED 1.65MFrom $449KFrom €392K
View →TOP COMMUNITIES
Top emirate-ranked communities by 90-day price delta, gross yield and absorption velocity.
WRITTEN BY OUR DESK
Market notes, from our desk
MARKETS · OCTOBER 8 · 5 MIN
Dubai Airport Now Issues International Driving Permits in Five Minutes: What UAE Residents and Investors Should Know
Dubai Airport Now Issues International Driving Permits in Five Minutes: What UAE Residents and Investors Should Know A new government service quietly changed how UAE residents prepare for international travel. Starting mid-September 2026, GDRFA Dubai began issuing International…
MARKETS · OCTOBER 6 · 6 MIN
Abu Dhabi's New Islands and Water Sports Guide: What It Actually Means for Property Buyers
Abu Dhabi's New Islands and Water Sports Guide: What It Actually Means for Property Buyers DCT Abu Dhabi has launched a digital guide covering the emirate's islands, coastline and water-based activities, timed to its presence at Arabian Travel Market 2026. The platform brings…
MARKETS · OCTOBER 5 · 6 MIN
Dubai's Airport Dominance Signals Where International Real Estate Demand Is Heading
Dubai's Airport Dominance Signals Where International Real Estate Demand Is Heading Dubai International Airport (DXB) has once again been confirmed as the world's busiest airport for international passenger traffic, extending a leadership streak that now spans more than a…
MARKETS · OCTOBER 4 · 7 MIN
Marjan Beach: What RAK's New 85-Million-Square-Foot Masterplan Means for Buyers
Marjan Beach: What RAK's New 85-Million-Square-Foot Masterplan Means for Buyers Ras Al Khaimah's master developer Marjan has unveiled Marjan Beach, an 85 million square foot mixed-use waterfront masterplan combining residential, hospitality, retail, and public space along the…
MARKETS · OCTOBER 3 · 6 MIN
Dubai-Abu Dhabi High-Speed Rail: What Etihad Rail Has Actually Confirmed
Dubai-Abu Dhabi High-Speed Rail: What Etihad Rail Has Actually Confirmed In January 2025, Etihad Rail announced a new high-speed passenger line between Abu Dhabi and Dubai, with a target journey time of about 30 minutes and trains designed to reach speeds of up to 350 km/h…
MARKETS · OCTOBER 2 · 6 MIN
Palm Jebel Ali Gets Its First Retail Hub: The Yard Opens in 2027
Palm Jebel Ali Gets Its First Retail Hub: The Yard Opens in 2027 Dubai Retail, the retail and lifestyle arm of Dubai Holding Asset Management, has unveiled The Yard, described in its own release as Palm Jebel Ali's first retail and lifestyle destination. The announcement landed…
MARKETS · OCTOBER 2 · 6 MIN
How the UAE's Top Developers Turned Rising Costs Into a Balance-Sheet Advantage
How the UAE's Top Developers Turned Rising Costs Into a Balance-Sheet Advantage Construction costs have climbed across nearly every major property market since 2021, and the Gulf has not been exempt. Steel, cement, and skilled labour all cost more to source today than they did…
MARKETS · SEPTEMBER 30 · 7 MIN
The Boring Company's 150 Kilometers of UAE Tunnels: What Buyers Should Actually Watch
The Boring Company's 150 Kilometers of UAE Tunnels: What Buyers Should Actually Watch Elon Musk's The Boring Company has signed a new agreement with the UAE to build more than 150 kilometers of tunnels across the country. The deal runs alongside, and separately from, the Dubai…
