Business Bay · Dubai
Damac Canal Heights by Damac Properties
From
AED 1,250,000
≈ $340K · AED 2,809/sqft est.
- Price from
- AED 1.25M
- ≈ $340K
- Per sqft
- AED 2,809
- estimated
- Handover
- Q2 2027
- 36.3% built, 13 Sep 2026
- Payment plan
- 20/30/50
About
Damac Canal Heights is Damac's 43-storey apartment tower of 426 homes in Business Bay, Dubai, with studios to four-bedroom apartments from about 445 to 4,499 sq ft.
Prices start at AED 1,250,000 on a 20% booking, 30% during construction and 50% on handover plan, with handover listed for the second quarter of 2027. The project is registered in Dubai as 2602, escrow account 0205837430102, and stood at 36.3% built at the register's last reading (2026-09-13).
The figures here are the starting price and plan as published for the project. Confirm the price, unit availability and service charge with the developer before committing.
- Damac apartment tower in Business Bay
- Studios to four-bedroom apartments from 445 sq ft
- 20/30/50 payment plan
- Handover Q2 2027
- Developer
- Damac Properties
- Area
- Business Bay
- Status
- Under construction
- Sales launch
- 25 May 2023
- Total units
- 426
- Storeys
- 43
- Ownership
- Freehold
Payment plan
- Down payment
- 20%
- During construction
- 30%
- On handover
- 50%
20% Down Payment (On Booking Date); 30% During Construction (1st to 11th Installment); 50% On Handover (100% Completion)
Unit types
| Type | Bedrooms | Size (sqft) |
|---|---|---|
| Apartment | Studio | from 445 |
| Apartment | 1 bed | — |
| Apartment | 2 bed | — |
| Apartment | 3 bed | — |
| Apartment | 4 bed | up to 4,499 |
Rendr score
63of 100 · Fair
Ranked #9 of 26 on sale in Dubai →
Based on 6 of 7 factors, 95% of the weight, as of 14 Sep 2026. Our opinion, not investment advice.
Confidence: low — the price figure is our estimate from the starting price and the smallest home, not a registered or stated price.
Every factor, its weight and the data behind it are listed below. The formula is public: how the Rendr score works. A figure you believe is wrong can be checked: write to alexk.dxb02@gmail.com with the source.
How it was scored
Unlock the full breakdown
Every factor, the data behind it, and how the score has changed.
Price against the market
AED 2,809/sqft (est.)
The DLD median for apartments in Business Bay is AED 2,551/sqft (as of 13 Sep 2026). This project's figure is our estimate from the starting price and the smallest unit, so it is not compared: the gap appears once the register shows this project's own sales or the developer states a price per sqft.
Amenities
- Pearl Museum
- Restaurants
- Roof Cafe
- Shell Shaped Pool
- Swimming Pool
- Yoga Dome
Location
Mixed-use towers along the Dubai Canal, immediately south of Downtown.
Registration and trust
- Escrow account
- 0205837430102
- DLD project registration
- 2602
- Developer licence
- Not published yet
- Brochure
- Not published yet
- Figures from
- tanamiproperties.com (tanamiproperties.com/Projects/Damac-Canal-Heights), saved 2026-09-13
- Last verified
- 13 Sep 2026
- Construction figure from
- the DLD's project register, 13 Sep 2026
- Launch date from
- the DLD's project register
An escrow account is a regulated account the developer cannot draw on freely: your payments go in and are released as building progresses. Escrow accounts and project registrations are published by the Dubai Land Department (DLD) on dubailand.gov.ae. Always check them, and pay into the escrow account only, before handing over a deposit.
Changes
Listed on the site
Source: tanamiproperties.com (tanamiproperties.com/Projects/Damac-Canal-Heights), saved 2026-09-13
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Damac Canal Heights: questions buyers ask
- How much does Damac Canal Heights cost?
- Prices at Damac Canal Heights start from AED 1,250,000 (about $340K) for studios, 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom homes, which is around AED 2,809 per sqft, estimated from the unit sizes. Asking prices come from the developer and change without notice.
- When does Damac Canal Heights hand over?
- Damac Canal Heights is expected to hand over in Q2 2027. The project is under construction. Handover dates are the developer's own estimate and off-plan projects can move, so confirm the current date in writing before you pay anything.
- What is the payment plan at Damac Canal Heights?
- Damac Canal Heights is offered on a 20/30/50 plan: 20% on booking, 30% during construction and 50% at handover. Developers change plans between phases, so confirm yours before signing.
- Who is the developer of Damac Canal Heights?
- Damac Canal Heights is being developed by Damac Properties. It sits in Business Bay, Dubai. You can see every project by Damac Properties we list, and how their asking prices compare with registered sales, on their page.
- Can foreigners buy at Damac Canal Heights?
- Damac Canal Heights is in a freehold area, so buyers of any nationality can own a home here outright rather than on a lease. Dubai sets which zones are freehold; confirm the title type on your own unit's contract before paying.
- Is Damac Canal Heights registered and escrow-protected?
- Damac Canal Heights is registered with the Dubai Land Department (DLD) under number 2602. Buyer payments go to escrow account 0205837430102. Every off-plan project must be registered and sell through an escrow account, where the money is released as building progresses. Check both at dubailand.gov.ae before you pay.