Canal Heights 2 in Business Bay, Dubai

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DAMAC Properties · Business Bay, Dubai

Starting price

AED 2,828,000

Enquire

Handover

September 2027

Status

active
DLD construction progress18%

About this project

Canal Heights 2 is an off-plan residential development by DAMAC Properties in Business Bay, Dubai. Prices start from AED 2,828,000. The current unit mix includes 1-bedroom homes, 2-bedroom homes, 3-bedroom homes, 4-bedroom homes. Dubai Land Department data records construction progress at 18%. Expected handover is September 2027.

What buyers should know

Canal Heights 2 is located in Business Bay, Dubai and is developed by DAMAC Properties. Prices start from AED 2,828,000. Dubai Land Department data records construction progress at 18%.

Location

Canal Heights 2 is in Business Bay, Dubai. Browse the verified project facts, available home sizes, pricing and construction status before making an enquiry.

Amenities

Health ClubGymnasiumRestaurantsShared PoolSecurity

Payment plan

  • 20/60/20

Project brochures

Developer material with specifications, amenities and payment-plan details.

Project brochureOpen PDF in a new tab

The official record

Registered with the Dubai Land Department — construction progress, escrow and sales history are the government's figures, not the developer's.

Construction progress18%Under construction
Escrow agentEMIRATES NBD BANK (P.J.S.C)Holds buyer payments until handover
Developer licenceCurrentValid to 18 Jan 2027
Expected completion31 Mar 2027505 units registered
Registered sales
497
In the last 12 months
32
Median sold price
AED 1.43M
Median price per sqft
AED 2,864/sqft
Median size sold
487 sqft
First sale
27 Feb 2023
Latest sale
29 Jul 2026
Off-plan vs ready
496 / 1

What has sold here, by size

Every registered sale in Canal Heights 2, not a window — an individual project can trade rarely, and three sales over two years is better evidence than none.

SizeSalesMedian priceTypical rangePrice/sqftLatest
Studio2761.34MAED 1.30M – AED 1.39MAED 2,888/sqft29 Jun 2026
1 B/R1722.27MAED 2.13M – AED 2.47MAED 2,841/sqft16 Jul 2026
2 B/R383.68MAED 3.57M – AED 3.86MAED 2,784/sqft29 Jul 2026
3 B/R85.77MAED 5.74M – AED 5.80MAED 2,618/sqft13 Apr 2026
4 B/R218.41MAED 18.19M – AED 18.63MAED 4,043/sqft18 Sept 2025
Unspecified1208.25MAED 208.25M – AED 208.25MAED 3,375/sqft27 Feb 2023
Market data for Business BayRESTA REAL ESTATE DEVELOPMENT L.L.C's full recordEvery sale in this project

Transactions at Canal Heights 2

495 sales recorded at this project in Dubai Land Department data, to Jul 2026.

View Dubai market trends
Median sale price
3.68M
last 12 months
Median price / sqft
AED 2,856/sqft 2.5% vs last year
last 12 months
Transactions
36
last 12 months

Median price / sqft by year

By bedrooms · last 12 months

Studio

3 sales

1.31M

Per sqft2,851

1 B/R

8 sales

2.77M

Per sqft2,977

2 B/R

18 sales

3.69M

Per sqft2,847

3 B/R

5 sales

5.80M

Per sqft2,626

Recent transactions

DateTypeArea (sqft)PricePrice / sqftSale
Jun 29, 2026Studio458AED 1,313,0002,865Off-plan
Jun 3, 20261 B/R809AED 2,194,0002,711Off-plan
Apr 16, 20262 B/R1,326AED 3,794,0002,860Off-plan
Apr 13, 20262 B/R1,313AED 3,783,0002,880Off-plan
Apr 13, 20261 B/R965AED 3,029,0003,140Off-plan
Apr 13, 20263 B/R2,207AED 5,761,0002,610Off-plan
Apr 9, 20261 B/R949AED 2,958,1203,119Off-plan
Mar 12, 20262 B/R1,314AED 4,011,0403,053Off-plan
Mar 3, 20262 B/R1,479AED 4,217,2802,852Off-plan
Feb 25, 20262 B/R1,297AED 3,748,0002,891Off-plan
Feb 25, 20262 B/R1,346AED 3,683,5202,736Off-plan
Feb 18, 20262 B/R1,327AED 3,795,0002,860Off-plan
Feb 17, 20261 B/R844AED 2,499,0002,962Off-plan
Feb 4, 20262 B/R1,312AED 3,476,1602,650Off-plan
Feb 3, 20262 B/R1,282AED 3,642,6602,842Off-plan
Jan 26, 20262 B/R1,300AED 3,456,9602,659Off-plan
Dec 30, 2025Studio459AED 1,308,0002,851Off-plan
Dec 10, 20252 B/R1,503AED 4,005,0002,665Off-plan
Dec 1, 20252 B/R1,281AED 3,566,4002,785Off-plan
Nov 17, 20252 B/R1,507AED 3,422,8502,272Off-plan
Nov 12, 20252 B/R1,331AED 4,314,0003,240Off-plan
Oct 23, 20251 B/R1,010AED 2,473,3802,448Off-plan
Oct 17, 20253 B/R2,208AED 5,829,0002,640Off-plan
Oct 14, 2025Studio472AED 1,296,0002,746Off-plan
Sep 23, 20252 B/R1,263AED 3,677,0002,911Off-plan
Sep 18, 20253 B/R3,341AED 13,473,0404,033Off-plan
Sep 18, 20254 B/R4,432AED 17,961,4404,052Off-plan
Sep 15, 20252 B/R1,263AED 3,677,0002,910Off-plan
Sep 12, 20252 B/R1,330AED 3,703,4602,784Off-plan
Aug 29, 20252 B/R1,292AED 3,413,3502,641Off-plan

Source: Dubai Land Department transaction records for this project. Figures are historical transacted prices — market context, not a valuation of any specific unit.

Price insights · Business Bay

Median sale prices from Dubai Land Department transactions over the last 12 months, to Jul 2026.

View Dubai market trends
All residential
1.80M

median sale price

Per sqftAED 2,577/sqft
Transactions9,424
Apartments
1.80M

median sale price

Per sqftAED 2,577/sqft
Transactions9,424

Source: Dubai Land Department open data. Area medians are market context for Business Bay, not a valuation of this specific project.