2 Bedroom Apartment in Canal Crown, Business Bay, Full Canal View, Seller-Labelled Distress

Property Overview

This 2-bedroom apartment with full canal view in Canal Crown, Business Bay, is offered at AED 3,130,000. The apartment spans 1,368 sqft in a luxury off-plan tower by DAMAC Properties, designed by de Grisogono. Handover is stated as Q4 2027. No original purchase price or market benchmark has been supplied.

Property Highlights

• 2-bedroom apartment, 1,368 sqft
• Full canal view
• Asking price: AED 3,130,000
• Rate: AED 2,288 per sqft
• Off-plan with handover Q4 2027
• Payment plan: 20/60/20
• Developer: DAMAC Properties
• Design: de Grisogono
• LEED Gold certified

Benchmark Verification Required

The agent labels this as a distress deal but has not stated an original purchase price or market benchmark. DPF cannot verify the distress claim or calculate a savings figure without a stated benchmark.

For market context, comparable 1-bedroom units in Canal Crown are currently listed from AED 1,890,000 (827 sqft, AED 2,285/sqft) on secondary resale portals. This 2-bedroom at AED 3,130,000 for 1,368 sqft (AED 2,288/sqft) is priced at a comparable rate per square foot to the smaller 1BR resale listings. DPF staff should review DLD transaction records to determine whether this pricing represents a genuine below-market opportunity.

Handover Date Note

The agent states Q4 2027 handover. Published DAMAC timelines indicate Q1 to Q2 2027 (January to June 2027) for Canal Crown. The agent's Q4 2027 date may reflect an updated timeline or a later handover for specific floors. Buyers should confirm the current status with DAMAC Properties.

About Canal Crown

Canal Crown is a 39-storey luxury waterfront residential tower by DAMAC Properties in Business Bay, designed by the Swiss luxury jeweller de Grisogono. The development offers studios and 1, 2, 3 and 4-bedroom apartments as well as 3 and 4-bedroom duplexes, with sizes from 401 to 4,591 sqft. The tower is LEED Gold certified and sits on the south bank of the Dubai Water Canal with direct promenade access.

The peridot gem-inspired design features floor-to-ceiling glass panels providing panoramic views of the canal, Burj Khalifa and Downtown Dubai skyline. Amenities include an infinity lap pool, planet-inspired gardens, a rooftop observation deck, floating sensory spa pods, VR swimming experience, a gym, wellness zones, children's play areas, 24/7 concierge and valet services.

Location and Connectivity

Canal Crown is situated on Marasi Drive in Business Bay on the Dubai Water Canal. The development is within walking distance of Downtown Dubai, Burj Khalifa, Dubai Mall and DIFC. Access is provided via Sheikh Zayed Road and Al Khail Road. The Business Bay Metro station on the Red Line is nearby. The canal promenade offers dining, retail and leisure outlets. Buyers should verify specific travel times independently.

Verification Notes

The asking price, built-up area, 2-bedroom configuration, full canal view and handover date (Q4 2027) are sourced from the agent brief received in September 2026. No original purchase price or market benchmark has been supplied. The price per square foot of AED 2,288 is calculated from the asking price and stated built-up area. Published DAMAC timelines indicate Q1-Q2 2027 handover, which differs from the agent's Q4 2027. Project details are drawn from DAMAC Properties and secondary market sources. Buyers should independently confirm all figures, including the seller's SPA, payment history, remaining instalments and handover date, with the developer before committing.