1-Bedroom Apartment at Canal Crown, Business Bay – AED 187K Below Original Price

Property Overview

This 801 sq ft one-bedroom apartment at Canal Crown by DAMAC in Business Bay is offered at AED 1,900,000. The agent states an original price of AED 2,087,000, so the asking price is AED 187,000 (9.0%) below that figure, matching the agent's stated AED 187K discount. It is an off-plan resale on a mid floor with a partial canal view, handover given as Q4 2027, and the agent describes it as an urgent sale.

Property Highlights

• Property type: 1-bedroom apartment
• Building: Canal Crown, Business Bay
• Developer: DAMAC Properties
• Size: 801 sq ft
• Asking price: AED 1,900,000
• Agent-stated original price: AED 2,087,000
• Difference: AED 187,000 (9.0%)
• Price per sq ft: approx. AED 2,372
• Floor and view: mid floor, partial canal view (agent-stated)
• Handover: Q4 2027 (agent-stated)
• Seller position: urgent sale (agent-stated)

Why the Price Qualifies as Below OP

The comparison is against the original purchase price supplied in the agent's resale brief of 9 October 2026: AED 2,087,000. The asking price of AED 1,900,000 is AED 187,000 lower, or 9.0% below the original price. At 801 sq ft, that is about AED 2,372 per sq ft.

Confirm the original price against the seller's SPA, along with the amount already paid to DAMAC and the balance still due, since these determine the cash needed to take over the purchase.

About the Project, Developer and Community

Canal Crown is a 38-storey residential tower by DAMAC Properties in Business Bay, created in collaboration with the Swiss jewellery house de Grisogono. It offers studios, one- to three-bedroom apartments and duplexes. The tower's leisure podium is space-themed, with a planet-inspired garden, spa and relaxation pods, a private screening room, a pool and a rooftop observation deck.

Business Bay is a central mixed-use district along the Dubai Water Canal, next to Downtown Dubai and close to DIFC and Sheikh Zayed Road.

Layout, Floor and View

The agent describes an 801 sq ft one-bedroom unit on a mid floor with a partial view of the Dubai Canal. The exact floor, bathroom count and parking were not supplied. Request the floor plan and unit position to confirm the view.

Payment Plan and Handover

The agent gives handover as Q4 2027. Published project information shows dates between February and Q4 2027, so confirm the current schedule with DAMAC. No payment plan or paid amount was supplied for this unit. Confirm the paid amount, remaining instalments, the amount due on handover and DAMAC's resale transfer requirements and fees before committing.

Location and Connectivity

Business Bay has road access via Sheikh Zayed Road, Al Khail Road and Al Asayel Street, and is served by Business Bay Metro station. Check actual travel times for your own routes during a site visit.

Verification Notes

• Agent-supplied: building, bedrooms, size, asking price, original price, AED 187K discount, mid floor, partial canal view, handover and urgent sale.
• DPF-calculated: AED 187,000 difference, 9.0% saving and approx. AED 2,372 per sq ft.
• External research: developer, tower height, design partner, unit mix and amenities from project-listing sources.
• Not verified: the SPA price, amount paid, payment schedule and exact view.