Off-Plan 1-Bedroom Apartment in Canal Crown by DAMAC, Business Bay – Below OP

Property Overview

This is an off-plan one-bedroom apartment in Canal Crown by DAMAC, Business Bay, on floors 10 to 15 with a road view. It is offered as a distress resale at AED 1,950,000, which is AED 150,000 (7.1%) below the agent-stated original price of AED 2,100,000, for 815 sq ft, about AED 2,393 per sq ft. Completion is stated as Q1 2027.

Property Highlights

• Asking price: AED 1,950,000
• Original price (agent-stated): AED 2,100,000
• Saving: AED 150,000 (7.1%)
• Built-up area: 815 sq ft
• Price per sq ft: approximately AED 2,393
• Bedrooms: 1
• Floor: between 10 and 15
• View: road view
• Completion: Q1 2027 (agent-stated)

Why the Price Qualifies as Below OP

The agent states an original price of AED 2,100,000. At AED 1,950,000, the asking price is AED 150,000 lower, a 7.1% discount on the original price, matching the agent's stated AED 150,000. DPF calculated the rate as AED 2,393 per sq ft (AED 1,950,000 divided by 815 sq ft).

Confirm the original price against the seller's SPA and Oqood before committing.

About the Project, Developer and Community

Canal Crown is a DAMAC Properties residential tower on Marasi Drive, Business Bay, designed in collaboration with Swiss jeweller de GRISOGONO. It offers studios and one- to four-bedroom apartments, with completion scheduled for Q1 2027.

Listed amenities include planet-inspired gardens, spa pods, an infinity lap pool, aqua exercise facilities, an observation deck and a gym. Business Bay is a central mixed-use district beside Downtown Dubai and the Dubai Canal.

Layout, Floor and View

The agent states the apartment is an 815 sq ft one-bedroom unit between floors 10 and 15, facing the road. The brief does not give the exact floor, bathroom count or parking.

Payment Plan and Handover

The agent states completion in Q1 2027, which matches the published project timeline. The brief does not give the amount paid or remaining instalments. Published project information describes a 20/55/25 plan; confirm the paid amount, outstanding balance, DAMAC transfer requirements and SPA handover date before signing.

Location and Connectivity

Canal Crown sits on Marasi Drive in Business Bay, close to Downtown Dubai. DPF does not quote travel times.

Verification Notes

• Agent-supplied: price, original price, size, bedrooms, floor range, road view and Q1 2027 completion.
• DPF-calculated: saving, discount percentage and price per sq ft.
• External research: design partner, unit range, amenities, payment structure and completion timing from published building information.
• Not supplied: exact floor, bathrooms, parking and amount paid.