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Canal Heights 2 - Image 1
Golden Visa
Business Bay, Dubai·DAMAC Properties

Canal Heights 2

AED 2.83MPublished estimate: 12
0-4
Bedrooms
2-6
Bathrooms
458–4,666 sq ft+
Sqft
Q3 2027
Handover
Explore Business Bay
View community info, amenities & nearby attractions
→

About This Project

Canal Heights 2 by DAMAC Properties in Business Bay, Dubai offers apartment, duplex residences with Studio, 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom configurations. Live project facts and amenities were verified against Property Finder. Rental yield is a modeled stabilized gross estimate of 7%; expected ROI is a modeled 12% including a conservative 5% appreciation assumption, not a guarantee. The available residences include Studio–4-bedroom apartments and duplex residences with 2–6 bathrooms, spanning approximately 458–4,666 sq ft. The lifestyle offering features Health Club, Gymnasium, Restaurants, Shared Pool, Security, and F&B Outlets. As an off-plan project, it carries a published 20/60/20 payment plan and a Q3 2027 handover target. For investment planning, the working model uses a 7% stabilized gross rental yield and 12% expected ROI; ROI includes a fixed 5% appreciation assumption, and actual returns can vary with costs, vacancy and market conditions. Its recorded starting price also meets the AED 2 million screening threshold for UAE property-investor Golden Visa consideration, subject to the selected unit value, qualifying amount paid, supporting documents and authority approval. Buyers should reconfirm current availability, service charges, final layouts and contractual terms before committing.

Amenities

Health Club
Gymnasium
Restaurants
Shared Pool
Security
F&B Outlets
Children's Play Area
Canal Views
Landscaped Walkways
Starlight Club
High-end Boutiques

Related Keywords

Canal Heights 2DAMAC PropertiesBusiness BayDubaiApartmentDuplexStudio1 BR2 BR3 BR4 BR

Key Features

Theme
Apartment, Duplex
Unique
Business Bay, Dubai
Price
AED 2.8M

Property Documents

Request available documents for this property

Investment Potential

12
Published ROI Estimate

Verify assumptions independently

7
Published Rental Yield

Gross/net basis may vary

Property Price: AED 2.83M

Published estimates are not guaranteed returns. Verify current rents, costs, vacancy and market evidence independently.

May be relevant to property-based residency criteria; verify current rules

Payment Plan

20/60/20
20%Booking
60%During
20%On
Booking
AED 0.57M(20%)
During Construction
AED 1.70M(60%)
On Handover
AED 0.57M(20%)

Understanding Payment Plans

Dubai off-plan properties typically follow a post-handover payment structure. The percentages shown represent when payments are due during the construction and handover process.

Booking / Down Payment:Paid when signing the Sales Purchase Agreement (SPA)
During Construction:Paid in installments linked to construction milestones
On Handover:Final payment when you receive the property keys

Note: DLD registration fee (4% + AED 4,000) and Oqood fee (AED 5,000 for off-plan) apply additionally.

Project Status

Planning
Project design & approvals
Construction
Building in progress
Handover
Ready for move-in
Expected Handover
Q3 2027

Frequently Asked Questions

What property types are available at Canal Heights 2?

The live project record lists Apartment, Duplex with Studio, 1 BR, 2 BR, 3 BR, 4 BR configurations. Availability should be confirmed for the selected release.

What is the payment plan for Canal Heights 2?

The published payment plan is 20/60/20. Purchase terms should be confirmed before reservation.

When is Canal Heights 2 expected to be completed?

The published handover target is Q3 2027. Construction schedules may be revised by the developer.

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Mortgage Calculator

Property Price
AED 2,828,000
Down Payment25% (AED 707,000)
Interest Rate3.7% p.a.
Loan Term25 years
Loan AmountAED 2,121,000
Monthly PaymentAED 10,847
Total InterestAED 1,133,100

* Estimate based on 3.7% p.a. rate. Actual rates may vary (3.4-4.2%).

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RERA Registration

RERA registration number not available

Quick Info

StatusOff-Plan
TypeApartment, Duplex
Payment Plan20/60/20
HandoverQ3 2027
DeveloperDAMAC Properties
Share:
Check Your Eligibility
Review current property-based residency criteria

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