Off-Plan 1-Bedroom Canal Crown Apartment with Premium Canal View, Business Bay, 17% Below Original Price

Property Overview

This off-plan 1-bedroom apartment at Canal Crown, DAMAC's residential tower on the Dubai Water Canal in Business Bay, measures 828 sqft and is offered at AED 1,830,000. The agent states an original purchase price of AED 2,217,280, placing the asking price AED 387,280, or 17.5%, below the original price. The unit has a premium canal view, with handover expected in Q2 2027.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Size: 828 sqft
• Asking price: AED 1,830,000
• Original purchase price (agent-stated): AED 2,217,280
• Discount: AED 387,280 (17.5% below original price)
• Price per sqft: approximately AED 2,210
• Floor: Between floors 5 and 10
• View: Premium canal view
• Handover: Q2 2027 (agent-stated)

Why the Price Qualifies as Below Original Price

The comparison uses the original purchase price supplied in the agent's resale brief (Deal #284), received on 29 September 2026. The asking price of AED 1,830,000 is AED 387,280 lower than the stated original price of AED 2,217,280. That is a reduction of 17.47%, slightly more than the 17% the agent quoted, and is shown here as 17.5%.

The benchmark is the seller's original purchase price, not a DLD transaction or a market valuation. DPF has not yet reviewed the SPA, so buyers should confirm the original price and the amount already paid before committing.

About the Project and Developer

Canal Crown is a DAMAC Properties residential tower in Business Bay with direct access to the Dubai Water Canal promenade. Its design takes inspiration from the peridot gemstone, and it offers studios, 1- to 4-bedroom apartments and duplexes.

Project amenities

• Swimming pools and aqua gym
• Fitness centre
• Spa with relaxation pods
• Grand lobby
• Canal promenade access and retail outlets

These are project-wide features. Buyers should confirm final specifications and service charges with DAMAC.

Layout, Floor and View

The apartment offers one bedroom across 828 sqft. The agent places it between floors 5 and 10 with a premium canal view. The exact floor, bathroom count and parking were not supplied; a floor plan has been requested.

Payment Plan and Handover

The agent states handover is expected in Q2 2027. The payment plan and amount already paid to DAMAC were not supplied. Buyers should confirm outstanding instalments, the completion schedule and DAMAC's transfer requirements against the SPA.

Location and Connectivity

Canal Crown sits on the Dubai Water Canal in Business Bay, close to Downtown Dubai, with access to Sheikh Zayed Road and Al Khail Road. Journey times depend on traffic and the route taken.

Verification Notes

• Agent-supplied facts: project, community, property type, bedrooms, size, floor range, view, handover date, original price and asking price.
• DPF-calculated figures: savings amount, savings percentage and price per square foot.
• External project research: developer, unit mix, design concept and amenities from secondary project listings.
• Not yet verified: exact floor, SPA and payment status.