Canal Crown by DAMAC Properties

Canal Crown is the latest complex announced by DAMAC Properties in Business Bay. Luxury studios and 1-2 bedroom apartments, as well as two-bedroom townhouses, are available for purchase in this luxurious tower. Additionally, there are super-luxury duplexes with branded design by de GRISOGONO and entire floors for sale.

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$ 305 000
Starting price
Q2 2027
Completion
80/20
Payment Plan
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About the project

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The futuristic interiors

Canal Crown ин DAMAC Properties

Canal Crown is a new luxurious complex of two towers located in one of the most popular locations in Dubai - on the Dubai Canal waterfront. The project is the result of a collaboration between DAMAC Properties and de GRISOGONO. The 38-story high-rise complex is inspired by stunning space peridots. At the top of the skyscrapers, there will be "crowns" shining and shimmering in the sun and in the beams of night spotlights. The project is expected to be completed in the second quarter of 2027.

Potential buyers can choose from the luxurious residences presented in Canal Crown. You can buy a studio, 1-2 bedroom apartments, or a two-bedroom townhouse at the podium level. For those who prefer maximum comfort and exclusivity, super-luxury duplexes with 3-4 bedrooms and terraces are available on the 36-37 floors of the tower. The area of real estate varies from 37 sq. m up to 442 sq. m.

The futuristic interiors of studios and apartments will feature DAMAC Properties' signature design with accent details, premium appliances, and natural materials in finishes: wood, marble, and stone. All residences will have a private balcony, built-in wardrobes, and a fully equipped kitchen.

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Key benefits

Property owners in the complex will have access to unique DAMAC-style entertainment, including the planet garden, relaxation capsules, aqua sports and swimming pools with VR glasses, a spa area decorated in space style, and a rooftop observation deck. Podium levels will feature shops, F&B outlets, and a luxurious lobby for meeting with friends.

  • Garden Planet
  • Relax Capsules
  • Aquasports pools
  • Virtual Reality swimming pools
  • Space-themed spa
  • Viewing Deck
  • learn more

Townhouses and duplexes include a storage room, a bathroom for servants, and a dressing room in the main bedroom. Townhouse owners can enjoy their own terrace, while duplex owners can relax in their own pool. Panoramic windows in residences will allow residents to enjoy stunning views of the Dubai Water Canal, the Business Bay marina, and the Downtown Dubai panorama.

In the second quarter of 2023, the minimum cost of one-bedroom apartments in the Canal Crown complex starts from AED 1.99 million (USD 542,000), and studios - from AED 1.12 million (USD 305,000). The cost of exclusive duplexes starts from AED 16 million (USD 4.4 million). The starting price for a full-floor real estate is AED 21.08 (USD 5.7 million).

Infrastructure

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The stunning Canal Crown is being built on the waterfront in Business Bay, surrounded by numerous elite complexes, popular entertainment venues, hotels, and offices of world companies. You can enjoy dinner at one of the nearby restaurants, such as Ginos Deli - Business Bay Dubai, Cutsngains, Delish Cloud Restaurant, or BAI Bar & Terrace.

If necessary, the RBC Tower 2 bus stop is a few minutes' walk from the complex. A walk to the D-Marin Business Bay Marina water transport pier will take no more than 10 minutes.

Within a 5-10 minute drive from Canal Crown, there are educational institutions such as: Kids Castle Nursery in Downtown, Creative Kids Early Learning Centre, Blossom Design District Nursery, and Dubai International School. Professional medical assistance can be provided at Aman Healthcare, Zabeel Health Center, Emirates Hospital Clinics - Business Bay. All of them are also located within a 5-10 minute drive by car.

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Планы помещений

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Location

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5-15 minutes

Dubai Mall, Burj Khalifa, Dubai Opera, Ras Al Khor Wildlife Sanctuary

20-30 minutes

Meydan Racecourse, Palm Jumeirah, Dubai Marina, Dubai International Airport (DXB)

Thanks to its location near Marasi Dr, Canal Crown residents can quickly reach other Dubai locations. You will spend no more than five minutes driving to Dubai Mall for shopping. The drive to the boutiques and entertainment at City Walk, as well as to Ras Al Khor Wildlife Sanctuary and locations in Downtown Dubai, will take 10-15 minutes. A private transport journey to Dubai International Airport (DXB), Dubai Marina, and Palm Jumeirah will take 20-30 minutes.

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Economic Attractiveness

Buying property in Canal Crown is an excellent option for businessmen, office employees, and young families. The residences in the project will be in demand among families with children due to their proximity to popular entertainment, medical, and educational institutions in Business Bay.
DAMAC Properties, the developer, offers attractive payment plans: 80/20, including a 20% down payment. Investors planning to buy a full-floor property in the Canal Crown project will receive a discount of 2% to 3%.

Buying property in Canal Crown can be considered a profitable investment asset. The ROI for one-bedroom apartments in the Business Bay area is 5.8%. The average rental cost for such types of properties is AED 90,000 (USD 25,000) per year.

UAE residency visa

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After the completion of the complex, owners will be able to apply for a UAE resident visa. Studio and apartment owners will be able to obtain a 2-year visa. Property buyers whose price exceeds AED 2 million (USD 545,000) will be eligible for a "Golden Visa" valid for 10 years.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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