Under constructionApartment

Business Bay · Dubai

Canal Crown 2

by Damac Properties

© Damac Properties
62of 100

Rendr Score

Fair

#884 of 1115 on sale in Dubai →
Sold from13 sales, 12 months · DLD; cheapest: all studios
AED 1.57M≈ $426K
Listed fromper propertyfinder.ae, 1 Oct 2026
AED 3.33M
Buyers paid vs DLD median
+15%
Price, payment plan and homes ↓
Compare
DLD sales register · 10 Nov 2026See the 13 registered sales at Canal Crown 2: date, size and price paid. Plus all 8 factor scores and the score history. Free.Unlock free →

Price, payment plan and homes

Price per DLD; listed price per propertyfinder.ae, 1 Oct 2026
Sold from
AED 1.57M
13 sales, 12 months · DLD; cheapest: all studiosListed from AED 3.33M
Bedrooms
Studio to 4 bed
432 – 4,761 sqft · 351 units
Payment plan
20/60/20
AED 667K to book
Handover
Q4 2027
15% built per the DLD

Homes and floor plans

351 homes · Freehold

Paid: middle half of each type's off-plan sales, Jan–Sep 2026 · DLD

Payment plan

On AED 3.33M
  1. 20% at bookingAED 667K
  2. 60% during construction, until handover (Q4 2027)AED 2M
  3. 20% on handover (Q4 2027)AED 667K

Before the keys: AED 2.67M, 80% of the price.

Brochure PDF

Damac Properties’ own file on propertyfinder.ae, checked 30 Sep 2026

Open in the map

Location · Business Bay · Dubai

Mixed-use towers along the Dubai Canal, immediately south of Downtown.

Forecast

What it could be worth

More in Business Bay

Compare side by sideAll projects in Business Bay

The in-depth review

Why it scores 62

Price per sqft vs registered sales

Dubai Land Department open data · as of 10 Nov 2026

+15% above what buyers paid nearby

Buyers paid hereAED 2,865/sqft

13 off-plan sales, last 12 months

Business Bay median · apartmentsAED 2,482/sqft

Off-plan sales, last 6 months, 713 registered sales in the area · middle half AED 2,208 – AED 2,854

Asking now (est.)AED 2,497/sqft

Our estimate from the listed prices and unit sizes

See each of the 13 sales: date, size, price

Off-plan sales pace

0.5 a month

3 off-plan sales, last 6 months

How this is measured

Buyers paid a median of AED 2,865/sqft in this project (off-plan sales, last 12 months, 13 registered sales, as of 10 Nov 2026) against the DLD median of AED 2,482/sqft for apartments in Business Bay, as of 10 Nov 2026. DLD registers every sale in Dubai, and names the project on each. Both figures are sales of homes that were not built yet: this project's against its area's. Asking from AED 2,497/sqft (est.). Source: Dubai Land Department open data.

How the 62 was scored

8 of 8 factors · 100% of the weight · 10 Nov 2026
  1. 01Price against what buyers actually paidAssessed · weight 25
  2. 02Developer track recordAssessed · weight 20
  3. 03Payment planAssessed · weight 10
  4. 04Location and infrastructureAssessed · weight 15
  5. 05How big the resale market isAssessed · weight 10
  6. 06Construction on scheduleAssessed · weight 15
  7. 07How much is still being built nearbyAssessed · weight 5
  8. 08The basics on fileAssessed · weight 0
Confidence: medium
How each factor was measured

Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.

Price against what buyers actually paid
13 registered off-plan sales here, against the median of 713 off-plan sales in Business Bay · DLD
Developer track record
Our rating, 20 delivered projects, how its 33 finished buildings resell and who stands behind it
Payment plan
20% down · 60% during construction · 20% on handover
Location and infrastructure
Our rating of Business Bay, and 5 kinds of places measured from the pin · OpenStreetMap
How big the resale market is
2,006 resales of finished apartments in Business Bay this year · DLD
Construction on schedule
15% built on the DLD register, handover Q4 2027
How much is still being built nearby
3,985 homes sold in Business Bay this year, 50% off-plan · DLD
The basics on file
Registration or escrow number on file · DLD

Confidence medium: what buyers paid here is a median of 13 registered sales, against 713 in the area; 13 is a small sample for one project.

63 → 62 2 Nov 2026, price, developer record, supply factorsScored since 24 Sep 2026 · 5 score changes

The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.

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The full breakdown behind the 62

Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,673 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.

  • The 13 registered sales here: date, size and price paid
  • All 8 factor scores, with the figure and source behind each
  • Damac Properties' DLD record: 17 projects, 0 past their date
  • Score history since 24 Sep 2026 and why each move happened
  • Rent, a mortgage and fees in the forecast, year by year

See what buyers paid at Canal Crown 2, and everything behind the 62.

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Read by the person who runs Rendr, who works in real estate and may contact you about property. Never sold.

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Projects scored
1,673
projects scored
Factors
8
factors, formula public
Registers
ADREC · DLD
registered sales, not asking prices

Handover date

Q4 2027

Under construction · 14.65% built, the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026

What this means

Also due in 2027 in Business Bay: 17 more projects we list

Damac Properties: 20 projects delivered in the last ten years, typically 12 months late, none cancelled.

Canal Crown 2 is due to hand over in Q4 2027. Construction is 14.65% complete according to the DLD's projects file (data.dubai, loaded 2026-06-15) (15 Jun 2026). Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.

DLD registration status

Verified 1 Oct 2026
  • Project registration2626
  • Escrow accountNot published yet
  • Developer licenceNot published yet
Where the figures come from

Check it on dubailand.gov.ae. How to read the DLD register.

Figures from propertyfinder.ae, read 1 Oct 2026, last verified 1 Oct 2026. Construction figure from the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026. Launch date from Property Finder's sales start date.

Before you pay: four things to check

  1. 1The escrow accountWe hold no escrow account number. Ask the developer for it, and check it on dubailand.gov.ae before paying.
  2. 2The handover dateThe listed date is Q4 2027. Ask for the date in the sales agreement.
  3. 3Today's price listAED 3,334,000 is a starting price from propertyfinder.ae, 1 Oct 2026. Ask for the unit's own price.
  4. 4The instalment dates20% at booking, 60% during construction, 20% at handover. Ask for each payment's date and amount.

About

Canal Crown 2 is Damac's apartment tower in Business Bay, Dubai, with studios to four-bedroom apartments from about 432 to 4,761 sq ft.

Developer
Damac Properties
Area
Business Bay
Status
Under construction
Sales launch
1 Mar 2023
Total units
351
Storeys
36
Ownership
Freehold

Amenities

  • Well-being and Fitness
  • CCTV Security
  • Gymnasium
  • Shared Pool
  • Security

What’s nearby

straight-line distance
  • Supermarket or mall170 m
  • Beach1.1 km
  • Metro or tram stop1.1 km
  • Hospital or clinic1.5 km
  • School2.2 km

The nearest of each on OpenStreetMap, Sep 2026.

Rental yield nearby

gross, apartments

6.4% in Business Bay. A median rent of AED 114 per sqft a year on 9,195 new tenancy contracts, last 6 months, against AED 1,786 per sqft paid across 1,105 finished sales, last 6 months.

Before service charges, fees and empty periods; our arithmetic on Dubai Land Department open data figures, Nov 2026. The working

Canal Crown 2: questions buyers ask

How much does Canal Crown 2 cost?

Registered sales at Canal Crown 2 start from AED 1,566,000 (about $426K): the cheapest tenth of 13 off-plan sales (all studios), Nov 2025–Oct 2026, per DLD. It is listed from AED 3,334,000, per propertyfinder.ae on 1 Oct 2026.

What is the price per sqft at Canal Crown 2?

Buyers paid a median of AED 2,865 per sqft at Canal Crown 2 (off-plan sales, last 12 months, 13 registered sales).

When is the Canal Crown 2 handover date?

Canal Crown 2 is expected to hand over in Q4 2027. The project is under construction, 14.65% built according to the DLD's projects file (data.dubai, loaded 2026-06-15).

What is the Canal Crown 2 payment plan?

Canal Crown 2 is offered on a 20/60/20 plan: 20% on booking, 60% during construction and 20% at handover.

Is Canal Crown 2 priced above or below what buyers paid nearby?

Buyers paid a median of AED 2,865 per sqft in Canal Crown 2 (off-plan sales, last 12 months, 13 registered sales), which is 15% above the median of AED 2,482 per sqft that buyers actually paid for apartments in Business Bay, across 713 sales registered with DLD.

What is the Rendr Score of Canal Crown 2?

Canal Crown 2 scores 62 of 100 on the Rendr Score, fair, as of 10 Nov 2026; 8 of its 8 factors are assessed, 100% of the weight.

What rental yield do apartments in Business Bay make?

About 6.4% gross for apartments in Business Bay, worked out from DLD's own figures: new tenancy contracts, last 6 months, against finished sales, last 6 months, before service charges and fees.

Who is the developer of Canal Crown 2?

Canal Crown 2 is being developed by Damac Properties. It sits in Business Bay, Dubai.

Is Canal Crown 2 registered with DLD?

Canal Crown 2 is registered with the Dubai Land Department (DLD) under number 2626. Check it at dubailand.gov.ae before you pay.

Changes

Listed 24 Sep 2026 · 3 changes since, last 4 Oct 2026

  1. Construction 14.65% complete

    Source: the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026

  2. Payment plan stated: 20/60/20

    Source: propertyfinder.ae, read 24 Sep 2026

  3. Sales launch date set to 1 Mar 2023

    Source: Property Finder's sales start date

  4. Listed on the site

    Source: propertyfinder.ae, read 24 Sep 2026

Sold from

AED 1.57M

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