AED 1,850,000
| Deal type | Off-Plan Distress |
| Price | AED 1,850,000 |
| Bedrooms | 1 |
| Size | 809 sq.ft |
| Type | Apartment |
| Status | For Sale |
| Handover | Q4 2026 |
| Area / Master development | Business Bay |
| Community | Business Bay |
بائع في ضائقة مالية يخرج من شقته بغرفة واحدة في كانال هايتس 2 من دماك بربرتيز في خليج الأعمال بدبي بسعر 1,850,000 درهم — أي 640,000 درهم (25.7%) أقل من قيمة السوق الحالية البالغة 2,490,000 درهم.
المرجع: DAMAC-CH2-BBY-1BR-001
AED 1,850,000 AED 640,000 (25.7%) below current market value of AED 2,490,000. The last comparable transaction in Canal Heights 2 was AED 2,490,000 on 17 February 2026. At AED 2,287/sqft for a canal-view 1-bedroom in Business Bay, this is significantly below market.
Unlike some developer contracts, DAMAC Properties allows the seller to transfer the existing SPA and payment plan to a new buyer. The buyer steps into the remaining instalment obligations on the original terms. The seller has already paid AED 1,510,000; the buyer assumes the outstanding balance. A DAMAC NOC is required (5 to 7 business days).
AED 1,510,000 has been paid to DAMAC Properties. The remaining balance continues per the original payment plan schedule. Full payment history and SPA documentation available on request from the listing agent quoting reference DAMAC-CH2-BBY-1BR-001.
A comparable unit in Canal Heights 2 transacted at AED 2,490,000 on 17 February 2026 a verified DLD transaction. This unit is priced at AED 1,850,000, reflecting a AED 640,000 (25.7%) discount to the most recent market evidence.
DAMAC Properties one of Dubai's largest and most established developers with a premium portfolio across Business Bay, Dubai Marina, Downtown Dubai, and other communities. Known for luxury-branded residences and strong delivery track record.
809 sq ft 1-bedroom apartment, canal view. Separate bedroom, open living/dining, fitted kitchen, bathroom, built-in storage. DAMAC standard finishes: stone surfaces, modern fixtures, floor-to-ceiling windows. Exact unit on request Ref: DAMAC-CH2-BBY-1BR-001.
Freehold all nationalities. At AED 1,850,000 the purchase exceeds AED 750,000 for a UAE 2-year investor visa. Golden Visa requires AED 2M minimum.
Canal-view pool, kids pool, sauna/steam, fitness centre, yoga decks, canal-side jogging/cycling, gardens, BBQ, 24-hr concierge and security, CCTV, covered parking, high-speed elevators, retail podium.
AED 1,850,000 + DLD 4% (AED 74,000) + trustee ~AED 4,200 = ~AED 1,928,200. Agency 2% + VAT separate. DAMAC NOC: 5 to 7 days. Payment plan transfer remaining instalments continue per SPA terms.
Business Bay 1BR: 8% gross yield. At AED 1,928,200 all-in and projected AED 130,000, 155,000 annual rent, gross yield is ~6.7, 8.0%. Canal view drives above-average occupancy. 25.7% below market provides significant capital appreciation upside.
WhatsApp Ref: DAMAC-CH2-BBY-1BR-001. Floor plan, OP SPA, payment history, canal view confirmation, DAMAC NOC process, and cost breakdown provided. Agent manages MOU and DLD transfer through DistressPropertyFinder.com.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Indicative monthly repayment on a UAE bank mortgage.
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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