CANAL HEIGHTS by Damac Properties in Business Bay, Dubai

Canal Heights in Business Bay, Dubai

Canal Heights is a premium residential project located in Business Bay, one of Dubai’s most prestigious districts. The multi-family house is being built on the bank of the man-made Dubai Canal, which has become one of this location’s key landmarks. The city’s best restaurants, hotels, and entertainment venues are located nearby. The new complex will provide a wide range of exclusive amenities for luxurious living.

About Canal Heights

The concept of this multi-family home is inspired by the beauty and perfection of blue pearl, one of the nature’s most amazing creations. Entering the lobby, residents and guests will immediately dive into an opulent environment with a harmonized colour scheme and smooth shapes, which are typical for the Damac Properties developer.

Owners and tenants of properties in Canal Heights will be able to satisfy most of their needs without setting foot outdoors. Would you like to do yoga under the supervision of an experienced coach or participate in a collective meditation? You can attend a specialized studio within the building. If you need a more intense workout, a state-of-the-art gym with a wide selection of exercise equipment and a tennis court are at your service. A beautiful shell-shaped swimming pool not only provides great leisure opportunities but is also aesthetically pleasing.

Apartments in Canal Heights

Potential buyers interested in purchasing real estate in Canal Heights can choose from the following property types.

Studios with a floor area of 39 to 44 m2 and prices starting at AED1.25 million (USD341,000). There is a total of 190 such residences in the complex.
One-bedroom apartments with a floor area of 56 to 86 m2 worth upwards of AED1.67 million (USD454,000). There is a total of 116 such residences.
Two-bedroom apartments with a floor area of 115 to 145 m2. They cost AED3.42 million (USD933,000) or more. There are 70 such homes in the project.

Wealthy investors can consider purchasing a full-floor residence that sells for upwards of AED18.2 million (USD4.95 million). Buyers of such properties are entitled to a 2% discount. Investors who make a 34% down payment get a 1% discount too. These discounts add up, so you can save up to 3% if you opt for a full-floor residence.

Malls and supermarkets in Canal Heights

The Bay Avenue is the most frequented shopping mall in Business Bay that has everything from numerous supermarkets and global brand stores to cafés, restaurants, bakeries, coffee shops, ATMs, spa centres, hair salons, and playgrounds. The spacious free-of-charge parking can accommodate several thousand vehicles.

The nearby Downtown Dubai is home to the world’s second largest shopping mall, The Dubai Mall. This is an acclaimed destination for shopping, entertainment, leisure, and dining, as well as the world-famous landmark visited by the majority of foreign tourists who come to Dubai.

There is also a multitude of standalone supermarkets in the immediate vicinity of Canal Heights. Residents of this project can shop at popular chains, such as West Zone, Al Maya, Spinneys, and Choithrams, that offer a wide range of groceries and home delivery services. There are several Zoom minimarkets in Business Bay too.

Landmarks near Canal Heights

One of the Business Bay’s crown jewels is definitely the three-kilometre man-made Dubai Canal fed by the iconic Dubai Creek. Thanks to this landmark, residents can not only admire the breathtaking views but also quickly reach Dubai’s other districts via an extensive water transportation system. This is where D-Marin, the first yacht marina on an artificial canal, is located. Tickets for exciting boat trips around the city are sold there.

The neighbouring district of Downtown Dubai is home to the Burj Khalifa, one of the most famous landmarks of not just Dubai but the entire world. This is currently the tallest skyscraper on Earth featured in the Guinness Book of World Records. The abovementioned Dubai Mall and the Dubai Fountain that delivers musical and light performances can be found at the base of this iconic tower.

Investment in Canal Heights

Business Bay is a prestigious district with extensive facilities, the city’s best restaurants and entertainment venues, and a prime location in the heart of Dubai. Property investment in Business Bay is a perfect solution for those wanting to achieve considerable capital gains and a high rental income. This community is also home to numerous offices, which makes local homes extremely popular among employees of large corporations working here.

Buying real estate in Canal Heights can guarantee capital gains, as the value of local studios and apartments is sure to increase by the time they are commissioned. Investors can also count on a consistently high rental income. The annual rent reaches AED150,000 (USD40,000) for studios and AED875,000 (USD238,250) for one- and two-bedroom apartments.

Buy property in Canal Heights

Are you looking for a highly liquid, high-yield property in Dubai that will generate a profit? Or are you planning to buy a home and relocate there for permanent residence? Please contact our competent English-speaking team with many years’ experience in the UAE market. Our services include assistance with selecting the options that meet the buyer’s wishes and budget, providing comprehensive information on any financial and legal matters associated with the purchase, walking the customer through all stages of closing the deal, and rendering first-rate after-sale service.