Damac Canal Heights is a latest luxury residential development by Damac Properties, positioned in the heart of Business Bay, Dubai, with prime frontage on the Dubai Water Canal. The project is a spectacular collaboration with the luxury Swiss jewelry house, De Grisogono, and is designed to embody the elegance and perfection of the Blue Pearl. The development offers a selection of luxury Studios, 1-Bedroom, and 2-Bedroom Apartments, with larger 3 and 4-Bedroom units and full-floor options potentially available.
The sleek, modern tower is positioned as the shimmering sequel to the nearby Chic Tower and provides residents with exceptional views of the canal and the Downtown Dubai skyline, combined with a unique array of water and wellness-themed amenities.
Property Details
| Detail | Description |
| Developer | Damac Properties |
| Location | Business Bay, Dubai Water Canal |
| Property Type | Luxury Branded Apartments (Studios, 1, 2 BR Primary Units) |
| Starting Price | From 1.25M AED (Studio) |
| Government Fee | 4% DLD Fee |
| Unit Status | Off-Plan Under Construction |
| Ownership | Freehold |
| Estimated Completion | Q2 – 2027 |
| Views | Dubai Water Canal, Downtown Dubai Skyline, Burj Khalifa |
Features & Amenities
Canal Heights, branded by De Grisogono, showcases a unique, water-inspired array of luxury amenities centered around the theme of the Blue Pearl.
| Feature Category | Amenities & Details |
| Unique Water Features | Shell-Shaped Swimming Pool, Underwater Pearl Museum, Infinity Pool, Lazy River Access, Swimming Pool (General), Marina & Yacht Club (ProximityAccess) |
| Wellness & Fitness | Fully-Equipped Gymnasium (Gym), Wellness Spaces, Health Care Centre (World-class facilities), Yoga Domes (Multipurpose Wellness Domes) |
| Leisure & Family | Kids Play Area, Basketball Court, Tennis Courts, Green Surrounding (Parks & Gardens), Pedestrian Friendly Walkways |
| Dining & Retail | Dining Outlets, Restaurants, Retail Outlets, Supermarket |
| Convenience & Security | 24×7 Security, Parking Space, Maintenance Services |
Location & Connectivity
The development is located in Business Bay, a premium central financial and residential district, offering excellent connectivity to Dubai’s key landmarks.
- Key Destinations (Estimated Drive Times):
- approx 7 Minutes to Burj Khalifa
- approx 7 Minutes to The Dubai Mall
- approx 14 Minutes to Dubai Healthcare City
- approx 15 Minutes to Ras Al Khor Wildlife Sanctuary
- Airport Access (Estimated Drive Times):
- approx 16 Minutes to Dubai International Airport (DXB)
- Local Access: Direct access to the Dubai Water Canal promenade and major highways like Sheikh Zayed Road.
Payment Plan
The project features a balanced, construction-linked payment plan with a significant portion due upon completion.
| Stage | Percentage (%) | Notes |
| Down Payment | 10% | On Booking Date |
| During Construction | 40% | Paid over 1st to 18th Installment |
| On Handover | 50% | Due upon 100% Completion in Q2 2027 |
Floor Plans
The apartments are designed with high-quality finishes, spacious layouts, and floor-to-ceiling windows to maximize canal and skyline views.
| Unit Type | Configuration | Size Range (SQ. FT.) | Key Feature |
| Studio | Apartment | 445 to 474 | Efficient luxury living with canal views. |
| 1 Bedroom | Apartment | 610 to 928 | Spacious unit with private balcony. |
| 2 Bedrooms | Apartment | 1,284 to 1,559 | Ideal for families, with high-end De Grisogono finishes. |
| 3 & 4 Bedrooms | Apartment | 3,113 to 4,498 | Limited availability for larger luxury units. |
Why Invest in Damac Canal Heights
- De Grisogono Branding: The exclusive partnership with the luxury jewelry house De Grisogono ensures sophisticated, high-end design, luxurious finishes, and strong brand association for rental and resale value.
- Unique Wellness Amenities: Features like the Underwater Pearl Museum, Shell-Shaped Pool, and Wellness Domes create a distinctive, experiential living environment focused on tranquility and luxury.
- Prime Waterfront Location: Positioned directly on the Dubai Water Canal in Business Bay, the property offers sought-after water views and easy access to Downtown Dubai, ensuring high rental yield potential.
- Favorable Payment Plan: The 5050 payment plan is attractive, deferring half of the cost until the completion date in Q2 – 2027.
FAQs About Damac Canal Heights
Q: Who is the luxury branding partner for Canal Heights?
A: The development is branded and its interiors are designed in collaboration with the renowned Swiss luxury jeweler, De Grisogono.
Q: What is the starting price for an apartment?
A: Prices start from 1.25M AED for a Studio Apartment.
Q: Where is Canal Heights located?
A: It is located in Business Bay, right on the Dubai Water Canal.
Q: What are the primary unit types available?
A: The primary offerings are Studios, 1 Bedroom, and 2 Bedroom Apartments, with some larger units also available.
Contact Cresco Real Estate Today
Damac Canal Heights gives a chance to invest in a De Grisogono-branded, waterfront luxury apartment in Dubai’s premier business district. To secure your unit and receive the latest availability and floor plans, contact the Cresco Real Estate team today.
Phone: +971 52 102 1429
Email: info@crescorealestate.ae
More about Business Bay
Read the Cresco area guide to Business Bay. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Business Bay area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Business Bay
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 655 residential sales were registered in Business Bay. The median was AED 1,738,630 and the middle half fell between AED 1,217,500 and AED 2,850,004. This project is advertised from AED 1,250,000, which sits inside that range.
For the unit type this project leads with, 1 B/R, the registered median in Business Bay was AED 1,540,000 across 215 sales, at AED 2,072 per square foot and a median size of 813 sq ft.
| This project, advertised entry price | AED 1,250,000 |
| Registered median price, Business Bay | AED 1,738,630 |
| Middle half of registered sales | AED 1,217,500 to AED 2,850,004 |
| Registered median per sq ft | AED 2,121 |
| Registered median unit size | 880 sq ft |
| Share bought off plan | 38% |
| Ready stock, median per sq ft | AED 1,849 from 406 sales |
| Off plan stock, median per sq ft | AED 2,584 from 249 sales |
| Registered residential sales in the period | 655 |
Registered sales by bedroom count in Business Bay
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 118 | AED 985,000 | AED 2,085 | 448 sq ft |
| 1 B/R | 215 | AED 1,540,000 | AED 2,072 | 813 sq ft |
| 2 B/R | 112 | AED 2,464,270 | AED 1,855 | 1,366 sq ft |
| 3 B/R | 36 | AED 4,490,726 | AED 2,303 | 2,089 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Business Bay
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Business Bay recorded 19,309 registered rental contracts and 2,646 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 119 per sqft against a ready sale price of AED 1,986 per sqft. That is a gross yield of 6.0% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Business Bay moved +2.3 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -10.4%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 4,452 | 68,967 | 145 | +0.7 |
| 1 bedroom | 8,033 | 93,568 | 120 | +2.1 |
| 2 bedroom | 5,152 | 134,111 | 102 | +3.3 |
| 3 bedroom | 1,540 | 187,515 | 93 | +4.6 |
| All apartments | 19,309 | 108,453 | 119 | +2.3 |
Full Business Bay guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 31 August 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to August 2026.
