Canal Heights by DAMAC Properties and de GRISOGONO

Canal Heights is a residential complex on the Dubai Water Canal waterfront in Business Bay, developed by DAMAC Properties. The complex offers 376 studios and apartments with 1-2 bedrooms with branded design from de GRISOGONO. You can also purchase an entire floor in the project.

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$ 455 000
Starting price
Q2 2027
Completion
80/20
Payment Plan
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About the project

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luxury project

Canal Heights

Canal Heights is a new luxurious project rising 37+ floors on the waterfront in the heart of Dubai. The development is being carried out by DAMAC Properties, one of the leaders in the elite real estate market in the UAE.

Together with the successful Chic Tower project, the new complex will become a landmark in the emirate. The tower's shining facade, inspired by the waves of Dubai Water Canal, and the interiors in Canal Heights will be executed in collaboration with the jewelry house de GRISOGONO. Completion of the skyscraper construction is planned for the second quarter of 2027.

Studios, 1- and 2-bedroom apartments, and entire floors are available for purchase in the branded Canal Heights complex. The living area of residences varies from 39 sq. m to 145 sq. m. An entire floor occupies on average 825 sq. m.

Stylish residences will include a private balcony and a fully equipped kitchen. Panoramic windows will allow property owners to enjoy stunning views of Dubai Water Canal, Downtown Dubai, and the emirate's skyscrapers. All studios and apartments will feature thoughtfully designed layouts.

The characteristic DAMAC Properties design is inspired by elegant blue pearls from the jewelry brand de GRISOGONO's collections. Premium technology and natural materials such as wood, marble, and stone are used to decorate interiors.

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Key Advantages

Property owners in the complex will have access to luxurious DAMAC-style amenities, including shops, children's playgrounds, parks and lawns, a water entertainment area, and various pools, including one in the shape of a shell, where you can go pearl diving.

  • infinity pool
  • wellness center
  • interactive waterfall
  • stylish lobby
  • modern gym
  • covered parking
  • learn more

Residents can use meditation decks and private "cabanas" for yoga or dinner parties. Children will love the fountain, designed in the shape of a glass bubble and located next to the central entrance.

The project's key features will be the underwater pearl museum and wellness center: residents will have exclusive opportunities to take care of their health and beauty, including a scrub bar, hot, cold, salt and mud baths. Complex residents can relax in a stylish lobby with an interactive waterfall, barbecue area, enclosed circular pool with zorbing balls or an infinity pool. Among other complex amenities are covered parking, a modern gym, and changing cabins.

The starting cost of a one-bedroom apartment in the Canal Heights residential complex is AED 1.7 million (USD 455,000). It is possible to purchase an entire floor in the project at a price starting from AED 18.2 million (USD 4.96 million).

It is expected that the average service charge in the residential complex will be from AED 2,853 (USD 777). You can clarify all the details with our agents by leaving a request on the website.

Infrastructure

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The Canal Heights complex will rise in the center of the metropolis, near the Dubai Water Canal. The project is being built in the heart of Business Bay, surrounded by fashionable restaurants, boutiques, and numerous offices of world companies.

In the immediate vicinity of the Canal Heights complex are the Learning Tree Nursery, Jumeirah International Nursery, Al Safa High School, and Horizon English School. Educational institutions such as Best Kidz Nursery DIFC and Canadian Kids Nursery are located within a radius of 10-15 minutes by car.

For medical assistance, you can contact Aman Healthcare, EK Clinic SZC, Emirates Hospital Clinics - Business Bay. All of the listed clinics are located less than 5 minutes away from the tower.

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Floor plans

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Location

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5-15 minutes

Downtown Dubai, City Walk, Ras Al Khor Wildlife Sanctuary

20-30 minutes

DIFC, Dubai International Airport (DXB), Dubai Marina, Palm Jumeirah

Thanks to its convenient location near Al Khaleej Al Tejari 1 St and Al A'mal St, property owners have easy access to key Dubai locations. It takes just over five minutes by car to get to shopping at the Dubai Mall. Other popular Downtown Dubai attractions are within a 15-minute radius.

The road to the iconic Dubai City Walk entertainment district and Ras Al Khor Wildlife Sanctuary takes about 10 minutes by car. To get to the Dubai International Financial Centre (DIFC) or Dubai International Airport (DXB), it takes no more than 20 minutes. The drive to Dubai Marina and Palm Jumeirah takes about 25 minutes.

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profitable investment asset

Economic Attractiveness

Property in the Canal Heights residential complex will be an excellent place for permanent residence for businessmen, office workers, and families. Thanks to the proximity to many entertainment, medical, and educational institutions in Business Bay, residences in the project will be of interest to families with children.

For buyers of an entire floor in the Canal Heights complex, the developer offers a discount of 2% to 3%. Such real estate can be used to arrange a full-floor penthouse or to divide the area into several separate apartments for subsequent sale at a higher price.

The purchase of a residence in the Canal Heights project can be considered a profitable investment asset. One-bedroom apartments in the Business Bay area provide a yield of 6.4%, and the average cost of their rent is AED 90,000 (USD 25,000) per year.

UAE residency visa

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Property owners in the Canal Heights complex can obtain one of two types of residency visas. After the project is transferred, owners of studios and apartments worth more than AED 750,000 (USD 204,000) can apply for a 2-year visa. Buyers of real estate whose price exceeds AED 2 million (USD 545,000) are entitled to apply for a 10-year "Golden Visa".

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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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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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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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