CANAL HEIGHTS 2
About CANAL HEIGHTS 2
Canal Heights 2 in Business Bay, Dubai
Canal Heights 2 is a new project that will soon be added to the portfolio of the advanced real estate developer DAMAC Properties, offering luxurious design and numerous amenities. Although the construction of the multi-story building was launched recently, a significant portion of the residential properties has already been sold.
The high demand from experienced investors is due to the developer's exemplary reputation for delivering high-quality properties on time, with unique interiors inspired by precious gems.
About Canal Heights 2
The elite residential complex is located in one of the most prestigious locations in the Emirate. The ultramodern building rises majestically next to the artificial bay on the territory of Business Bay. Thanks to this strategic location, future residents will have easy access to all socially important facilities: from kindergartens, schools, and hospitals to supermarkets, restaurants, and entertainment venues.
In addition, the project includes many amenities and services that will create the most comfortable and safe environment. These include:
- a gym with state-of-the-art equipment
- open-air sports fields
- swimming pools
- a studio for yoga and pilates classes
- a spa
- restaurants and stores
- playgrounds for children
- recreational areas
- 24-hour concierge service
Apartments in Canal Heights 2
Buyers can choose between the following property types:
- studios
- one-bedroom apartments
- two-bedroom apartments
- three-bedroom duplexes
- four-bedroom duplexes
Each living unit has a thoughtful layout that includes an open kitchen, dining area, bathrooms with high-quality fixtures, a cosy hallway, and a balcony. Most units also have a spacious living room, ideal for families. In addition, some floor plans include a maid's room with an en-suite, walk-in closet, a terrace with a private pool, sitting area, and additional dining space.
Malls and supermarkets in Canal Heights 2
This off-plan residential complex is located in the heart of the Emirate, providing immediate access to numerous shopping and entertainment options. Within a few minutes' drive, owners and tenants of local real estate can find the most popular shopping centres that attract both locals and foreign tourists. The most noteworthy of these is Dubai Mall, the second-largest mall in the world, which features products from over 200 world-renowned luxury brands. Buyers are offered a wide range of clothing, footwear and accessories, furniture, electronics, cosmetics and perfumes, children's toys, etc.
In addition, the Emirate's largest shopping centre offers a multitude of opportunities to experience various cuisines. The mall has a large number of cafes and restaurants that serve American, British, Chinese, French, Italian, and Japanese cuisines. There are also establishments that are famous for their bakery, fast food, healthy food, and original snacks for children.
Moreover, the shopping centre offers a wide selection of leisure and entertainment facilities. Families come here for attractions such as the aquarium, ice rink, cinema, trampoline zone, children's play area, and more. Every visitor will find entertainment that fully corresponds to their personal preferences.
Attractions around Canal Heights 2
The nearest landmark to the building is a three-kilometer artificial canal, connecting the business district with the old parts of the city. Its advantage lies not only in providing future residents with magnificent views from panoramic windows but also in offering them numerous opportunities for leisure and relaxation. On the waterfront, they will find amenities such as a twelve-kilometer cycling path, a mechanical waterfall, as well as a multitude of shops and restaurants.
There are also numerous landmarks located in neighbouring areas. One of them is the Dubai Opera concert venue. It is a creative centre of the Emirate where one can see the most beautiful, authentic, and engaging performances in the performing arts. Its building is designed in the shape of a traditional dhow boat, paying tribute to maritime history.
Canal Heights 2 as an investment opportunity
Elite residential units represent investment assets that are highly attractive in terms of liquidity and profitability. The project, located in one of the most prestigious areas of the Emirate, features a unique design developed in collaboration with a well-known jewelry brand and includes a wide range of amenities. Thanks to these factors, it will always be in demand by both buyers and tenants.
Investors who enter into a deal at early stages of construction will be able to secure guaranteed capital appreciation upon completion of the project. This is because the value of the real estate will increase as it is developed. When the residential complex is ready for occupancy, prices for studios, apartments, and duplexes will continue to rise as the Dubai real estate market rapidly grows.
Properties located in a well-known business community are also an excellent option for investors, seeking high and stable rental income. The annual cost of renting local studios can reach AED150,000 ($41,000), while residential units with one, two, three, and four bedrooms can reach AED235,000, AED300,000, AED400,000, and AED600,000 ($64,000, $81,500, $109,000, and $163,500) respectively. The average rate of return on investment in property is 6.71% per year for studios and 5.68% per year for apartments.
Buying real estate in Canal Heights 2
Are you interested in purchasing stylish and functional property in Dubai that is perfect for permanent living, seasonal vacation, or income generation? Studios, apartments, and duplexes included in the new elite complex will be an excellent choice. Contact our English-speaking specialists for assistance in selecting a residential unit that best suits your desires and financial capabilities, comprehensive consultations related to the purchase, complete support at all stages of the transaction, and first-class after-sales service.
Project details
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Benefits of buying property in Canal Heights 2
The type of the complex
Canal Heights 2 is an exclusive residential complex located in Business Bay, one of the most renowned areas of the city, known for its futuristic skyscrapers, developed infrastructure, dynamic atmosphere, and numerous attractions. The new 45-storey apartment building is currently under construction, and according to the studio's master plan, one- and two-bedroom apartments, as well as exclusive three- and four-bedroom duplexes will be available for occupancy in Q3 2027, likely in September.
However, some units have already been purchased due to the impeccable reputation of the developer and the investment attractiveness of the property. In addition to luxurious residential properties featuring thoughtful design, this project incorporates exceptional amenities for both communal and personal use.
The complex unique features
The apartment complex is a unique residential space where owners and tenants of local real estate can enjoy various amenities and luxurious interiors. It has been designed to meet the diverse needs of future residents and will feature a wide range of facilities for leisure and relaxation, including cafes and shops, a gym, pools, and a spa centre with treatment rooms. An additional advantage of this elite complex is its child-friendly policy, which welcomes families with children and provides special amenities such as various play areas.
Building architecture and design
The design of the luxury complex was developed in collaboration with world-famous Swiss jeweler De Grisogono. The building's exterior, which features curved lines and a glass facade that sparkles in the sunlight during the day and emits its own light at night, is executed in an ultra-modern architectural style that complements the surrounding business district's high-rise buildings.
The main entrance to the residential complex leads to a grand vestibule with luxurious chandeliers and unique decorative objects. The interiors of the studios, apartments, and duplexes boast a light colour palette predominantly composed of white and blue shades, high-quality materials such as marble, glass, and wood, as well as elegant furnishings and panoramic floor-to-ceiling windows that enhance the spaciousness of the rooms with natural lighting.
Economic appeal of the residential complex
Investing in elite real estate in a developing residential complex is an excellent decision for both investors and regular buyers. While the project is still in its early construction stages, there is an opportunity to secure a deal at the most advantageous conditions. Currently, studio prices range from AED1.29 to 1.42 million ($351,000 to $386,500), one-bedroom residences cost from AED1.7 to 2.55 million ($463,000 to $694,500), two-bedroom residences range from AED3.6 to 4.5 million ($980,000 to $1.22 million), and three-bedroom residences range from AED5.65 to 5.78 million ($1.53 to $1.57 million).
As the construction approaches completion, the property's value is expected to increase, which means now it is the best time to secure a deal. Additionally, purchasing during the project's implementation stage allows buyers to take advantage of a convenient payment plan. Within this framework, a 20% down payment is required at the time of reserving the property, with 60% of the cost to be paid gradually. The remaining sum must be paid upon the transfer of ownership in 2027.
Location
Business Bay is one of the most developed and sought-after areas of Dubai. The very name of the community speaks of its main purpose: the business sphere plays a key role here. However, investments in Dubai real estate for permanent residence or rental are also in high demand. The community harmoniously combines both commercial and residential real estate.
Developer
DAMAC Properties has been shaping the Middle East's luxury real estate market since 2002. To date DAMAC has delivered c. 43,700 quality homes, with c. 28,000 more under way.
- 1 325 000 AED - 4 210 000 AEDCompletion date III quarter, 2027 (Off-plan)
- 850 000 AED - 2 600 000 AEDCompletion date I quarter, 2027 (Off-plan)
- 849 999 AED - 3 277 500 AEDCompletion date IV quarter, 2024 (Off-plan)
- 1 783 000 AED - 6 136 000 AEDCompletion date III quarter, 2024 (Off-plan)
- 624 000 AED - 1 475 000 AEDCompletion date IV quarter, 2025 (Off-plan)
- 510 000 AED - 1 544 888 AEDCompletion date IV quarter, 2025 (Off-plan)
- 970 000 AED - 3 895 845 AEDCompletion date II quarter, 2023 (Off-plan)
- 950 000 AED - 2 550 000 AEDCompletion date II quarter, 2023 (Off-plan)
- 940 000 AEDCompletion date IV quarter, 2023 (Off-plan)
- 710 000 AEDCompletion date I quarter, 2027 (Off-plan)
- 617 777 AEDCompletion date IV quarter, 2026 (Off-plan)
- 595 000 AED - 1 760 000 AEDCompletion date II quarter, 2026 (Off-plan)