Eligible for UAE 10-Year Golden Visa
DAMAC Canal Heights by DAMAC at Business Bay
at Business BayStudio, 1 & 2 BR ApartmentsPrice (AED)1.05M*
Unit (Bedrooms)Studio, 1 & 2 BR
Sizes (Sq. Ft.)445 - 1,314
PossessionQ2 - 2027
Canal water on one side, the Burj Khalifa on the horizon. DAMAC Canal Heights is a de GRISOGONO-branded residential development by DAMAC Properties in Business Bay offering studio, 1, and 2-bedroom apartments from AED 1.05 million, 445 to 1,314 sq.ft, with a 10/70/20 payment plan and Q2 2027 handover. Swiss luxury jewellery design in a Business Bay tower, at an entry price that still makes the investment numbers work.
DAMAC Canal Heights is a residential tower by DAMAC Properties in Business Bay, Dubai positioned alongside the Dubai Canal and delivering studio, 1-bedroom, and 2-bedroom apartments with canal and city skyline views. The project carries a de GRISOGONO interior design partnership: the Swiss luxury jewellery brand known for coloured gemstones and high-fashion aesthetics has translated its design language into the building's common areas, lobby, and specification choices. DAMAC Properties, founded in 2002, has delivered over 47,000 units across Dubai and global markets. Business Bay is its home district Canal Heights continues a long pipeline of DAMAC towers along the canal that have consistently posted strong resale values at handover.
Canal Heights covers three bedroom configurations: studios at 445 sq.ft, 1-bedroom apartments at 610 sq.ft, and 2-bedroom apartments at 1,314 sq.ft. Every unit is designed around the canal and city views floor-to-ceiling glazing frames the Dubai Canal's 3.2-kilometre waterfront from the building's canal-facing elevation. Interior specifications reflect the de GRISOGONO partnership: premium finishes, high-specification fixtures, and a design language that references the brand's jewellery aesthetic through texture and colour. Open-plan layouts maximise usable space in the studio and 1-bedroom configurations, while the 2-bedroom units include a full living-dining separation. All units are freehold.
Business Bay is a 45-million-square-foot mixed-use district built along the Dubai Canal a 3.2-kilometre artificial waterway connecting the Creek to the sea, lined with a promenade, restaurants, water taxis, and cycle tracks. The community holds over 240 towers across residential and commercial use, with direct access to Downtown Dubai via Al Asayel Street and Sheikh Zayed Road. The canal promenade itself runs from Business Bay to Dubai Marina via Al Wasl Road, connecting some of Dubai's most active leisure corridors. Canal Heights sits within walking distance of the waterfront residents access the promenade directly from the building. The wider district offers five-star hotels, supermarkets, schools, clinics, and the full complement of financial and co-working infrastructure that Business Bay professionals require.
Business Bay currently delivers average gross rental yields of 6–8%, driven by the district's dense mix of corporate tenants, long-stay residents, and short-term rental demand from its proximity to Downtown Dubai and DIFC. At AED 1.05 million entry, Canal Heights hits the most competitive price point in the Business Bay canal-facing segment. Units at AED 2 million and above primarily the 2-bedroom configurations qualify buyers for the UAE's 10-year Golden Visa. Capital gains tax is 0%. Income tax on rental returns is 0%. DAMAC's RERA-registered escrow account protects construction-phase payments. The de GRISOGONO branding adds a differentiation premium at resale branded residences historically transact at a 20–30% premium to equivalent unbranded stock in the same community.
Canal Heights is one of the few Business Bay projects where the entry price, the brand partnership, and the canal-facing position align in the same development. The 10/70/20 plan gives buyers a four-year build window with only 10% required to lock in today's pricing. Q2 2027 handover brings the full Business Bay rental market into play at a point when the Dubai Canal promenade is expected to be a fully mature lifestyle destination. This is an efficient entry into a proven address. Speak to the Dubai Housing team now to confirm current unit availability and the specific floor levels still available
DAMAC Canal Heights offers studios (445 sq.ft), 1-bedroom apartments (610 sq.ft), and 2-bedroom apartments (1,314 sq.ft) all with floor-to-ceiling canal or city views, open-plan layouts, and de GRISOGONO-inspired premium finishes throughout.
Canal Heights delivers a full-floor amenity podium: infinity pool, children's pool, indoor and outdoor gym, yoga studio, outdoor courtyard, children's play area, clubhouse, retail, and dedicated wellness zones. The de GRISOGONO aesthetic extends into the common areas lobby, pool deck, and lounge spaces reflect the brand's design language rather than standard developer spec. Beyond the building, the Dubai Canal promenade provides a 3.2-kilometre outdoor lifestyle corridor with waterfront dining, cycle tracks, and water taxi stops directly accessible from the building exit.
Business Bay sits immediately south of Downtown Dubai, separated by the Dubai Canal and connected via Al Asayel Street and Sheikh Zayed Road. The district functions as Dubai's commercial and residential bridge between the financial centre (DIFC, 13 minutes) and the cultural centre (Downtown Dubai, 9 minutes). Al Khail Road runs along the eastern boundary, providing a fast corridor to Dubai Hills and Jumeirah Village. For residents of Canal Heights, the canal promenade is a direct amenity water taxis, restaurants, and cycle tracks run the full length of the waterfront. Dubai Mall is 12 minutes on foot or 9 minutes by car. The Dubai 2040 Urban Master Plan positions Business Bay as a sustained
Content Reviewed By: Vikas Taneja — RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
DAMAC Canal Heights is located in Business Bay, Dubai directly alongside the Dubai Canal, 9 minutes from Downtown Dubai and 9 minutes from the Burj Khalifa. The building sits within walking distance of the Dubai Canal promenade and is connected to the city via Sheikh Zayed Road and Al Khail Road.
Canal Heights offers studios (445 sq.ft), 1-bedroom apartments (610 sq.ft), and 2-bedroom apartments (1,314 sq.ft). All units feature floor-to-ceiling glazing with canal or city skyline views, open-plan layouts, and de GRISOGONO-inspired premium finishes throughout common areas and apartments.
You can book a unit in DAMAC Canal Heights with 10% down. Prices start from AED 1.05 million for a studio. Contact the Dubai Housing team for current unit availability, specific floor selections, and confirmed pricing before the next construction milestone.
Canal Heights follows a 10/70/20 construction-linked plan: 10% on booking, 70% in staged milestone instalments during construction, and 20% on handover in Q2 2027. This spreads 90% of the purchase price across the four-year construction window, with only 10% required to secure your unit today.
DAMAC Canal Heights is scheduled for handover in Q2 2027. DAMAC Properties has delivered over 47,000 units globally and maintains an active pipeline in Business Bay the district where the company has the deepest construction and delivery infrastructure in Dubai.
Yes - units valued at AED 2 million or above qualify buyers for the UAE's 10-year Golden Visa. The 2-bedroom configuration at DAMAC Canal Heights falls at or above the AED 2 million threshold. Confirm specific unit pricing with the Dubai Housing team to verify Golden Visa eligibility.
Canal Heights combines a canal-facing Business Bay address (6–8% gross rental yields), a de GRISOGONO brand partnership (branded residences transact at a 20–30% premium at resale), and off-plan entry pricing ahead of Q2 2027 handover. Add 0% capital gains tax, 0% rental income tax, and RERA escrow protection. Browse more off-plan apartments in Business Bay at dubaihousing-ae.com/our-communities/business-bay.
0 people viewing this project
Limited Period: Free DLD Waiver on select units
