Property Overview
This 1-bedroom apartment in Canal Heights 2 by DAMAC Properties is available at AED 1,915,000. The unit is 809 sq ft on a high floor with Burj Khalifa and canal views in Business Bay, Dubai. The asking price is 22.7% below the stated original purchase price plus DLD transfer fee of AED 2,477,987, a total saving of AED 562,987.
Property Highlights
- Type: 1-bedroom apartment, 2 bathrooms
- Size: 809 sq ft
- Floor: high
- View: Burj Khalifa and canal
- OP+DLD: AED 2,477,987 (OP approximately AED 2,382,680 plus DLD approximately AED 95,307)
- Asking price: AED 1,915,000
- Saving: AED 562,987 (22.7%)
- Rate: AED 2,367 per sq ft
- Status: off-plan (handover Q4 2027)
- Developer: DAMAC Properties x de Grisogono
- Parking: 1 covered space
Why the Price Qualifies as OP + DLD Covered
The asking price of AED 1,915,000 is below the stated combined original purchase price and DLD transfer fee of AED 2,477,987. The breakdown is approximately AED 2,382,680 for the original purchase price and AED 95,307 for the 4% DLD transfer fee. The total saving is AED 562,987, which is 22.7% of the OP+DLD cost. The seller is absorbing both the capital loss on the unit price and the full DLD transfer fee paid at the time of purchase.
DLD Transaction Comparison
Four DLD transactions for 1-bedroom apartments in Canal Heights 2 have been recorded between April and September 2026:
- 3 June 2026: 809 sq ft at AED 2,194,000 (AED 2,712 per sq ft)
- 15 July 2026: 823 sq ft at AED 2,291,000 (AED 2,784 per sq ft)
- 18 September 2026: 971 sq ft at AED 2,683,120 (AED 2,763 per sq ft)
- 13 April 2026: 965 sq ft at AED 3,029,000 (AED 3,139 per sq ft)
The June 2026 transaction is for a unit of the exact same 809 sq ft size as the agent's apartment, recorded at AED 2,194,000. The agent's asking price of AED 1,915,000 is AED 279,000 (12.7%) below this same-size transaction. The agent's rate of AED 2,367 per sq ft is below all four 1-bedroom DLD transaction rates in Canal Heights 2, which range from AED 2,712 to AED 3,139 per sq ft. These transactions are classified as off-plan and likely represent primary developer-to-buyer registrations.
Active Listing Comparison
A Bayut listing for a 1-bedroom apartment of 1,052 sq ft in Canal Heights 2 is priced at AED 3,241,000 (AED 3,081 per sq ft). This is a larger 1-bedroom layout than the agent's 809 sq ft, but the per-sqft rate provides context. The agent's rate of AED 2,367 per sq ft is 23.2% below this listing's rate.
View and Floor Position
The agent describes this as a high-floor unit with Burj and canal view. Canal Heights 2 is a 45-storey tower on the Dubai Water Canal in Business Bay. From the canal-side of the building, upper floors have a direct view of the Dubai Water Canal below and the Burj Khalifa to the north. The dual Burj and canal view orientation is a sought-after configuration in Business Bay waterfront towers.
About Canal Heights 2
Canal Heights 2 is a 45-storey residential tower developed by DAMAC Properties in collaboration with Swiss jeweller de Grisogono, located on the shores of the Dubai Water Canal in Business Bay.
Building specifications:
- Developer: DAMAC Properties
- Design collaboration: de Grisogono (Swiss jeweller)
- Height: 45 floors
- Design theme: blue topaz-inspired interiors
- Unit types: studios, 1-bedroom, 2-bedroom and 3-bedroom apartments, 3 and 4-bedroom duplex penthouses
- 1-bedroom sizes: 809 sq ft (standard) and 1,052 sq ft (larger layout), from DLD and listing data
- Furnishing: semi-furnished with kitchen appliances
- Parking: 1 covered space per unit
- Launched: April 2023
Building amenities:
- Infinity lap pool with bioluminescent edge
- Wellness spaces
- Meditation decks
- Parks and landscaped gardens
- Children's play area
- Concierge services
- Covered parking
- 24-hour security
Canal Heights 2 is the second tower in DAMAC's Canal Heights portfolio, following the original Canal Heights tower also located in Business Bay.
Location and Connectivity
Canal Heights 2 is located on the Dubai Water Canal in Business Bay. Business Bay is a central commercial and residential district connected by Sheikh Zayed Road and Al Khail Road.
- Downtown Dubai and Burj Khalifa: approximately 5 minutes
- Dubai Mall: approximately 10 minutes
- DIFC: approximately 5 minutes
- Business Bay Metro station (Red Line): nearby
- Dubai International Airport: approximately 15 minutes
- Dubai Marina: approximately 15 minutes
The Dubai Water Canal provides a waterfront promenade connecting Business Bay to Jumeirah and the coast.
Verification Notes
Unit-specific facts including 1-bedroom configuration, 809 sq ft, high floor, Burj and canal view, OP+DLD of AED 2,477,987 and asking price of AED 1,915,000 are sourced from the agent's brief received on 5 October 2026. The OP + DLD Covered classification is based on the stated combined cost exceeding the asking price by AED 562,987 (22.7%). The OP+DLD breakdown into approximately AED 2,382,680 OP and approximately AED 95,307 DLD is calculated by dividing the combined figure by 1.04 and is not independently verified against the seller's SPA or DLD receipt. The 2-bathroom and 1-parking-space counts are based on a Bayut listing for a 1-bedroom in Canal Heights 2, not stated by the agent. The DLD transaction of AED 2,194,000 for 809 sq ft on 3 June 2026 is the same unit size as the agent's apartment but the exact unit is unknown. All DLD transactions for Canal Heights 2 are classified as off-plan. The agent did not provide the unit number, exact floor number, remaining payment schedule, service charge or furnishing scope. The handover date of Q4 2027 is from the agent; other sources cite Q1 2027 and Q3 2027.
