1-Bedroom Canal View Apartment at Canal Crown by DAMAC, Business Bay – 24% Below Original Price

Property Overview

This 1-bedroom off-plan apartment at Canal Crown by DAMAC in Business Bay is offered at AED 1,650,000 against an original price of AED 2,170,480. That is AED 520,480, or 24.0%, below the original price. The 834 sq ft unit is on floors 15 to 17 with a partial canal view, and handover is expected in Q4 2027.

Property Highlights

• Asking price: AED 1,650,000
• Original price: AED 2,170,480
• Saving: AED 520,480 (24.0% below original price)
• Size: 834 sq ft
• Price per sq ft: approximately AED 1,978
• Bedrooms: 1
• Floor: 15–17 (exact floor to be confirmed)
• View: Partial canal view
• Handover: Q4 2027 (agent-stated)
• Status: Off-plan resale

Why the Price Qualifies as Below Original Price

The agent supplied an original purchase price of AED 2,170,480 and an asking price of AED 1,650,000. DPF calculated the difference as AED 520,480, which is 24.0% of the original price. This matches the agent's description of 24% below OP and a loss of about AED 520,000.

The agent says the owner cannot continue with the remaining payment plan. The original price is as stated by the agent and should be checked against the seller's SPA or Oqood registration before any payment.

About Canal Crown and DAMAC

Canal Crown is a DAMAC residential development in Business Bay, near the Dubai Water Canal, designed in collaboration with the jewellery brand de GRISOGONO. Published project information describes two 38-storey towers with studios, 1 and 2-bedroom apartments and larger duplex units. Planned amenities include gardens, a rooftop lounge, a promenade and an aquafit area. Buyers should confirm final amenities and service charges with DAMAC.

Layout, Floor and View

The agent confirms a 1-bedroom layout of 834 sq ft on a floor between the 15th and 17th, with a partial canal view. The exact floor, unit number, bathrooms, balcony and parking were not supplied and are not assumed.

Payment Plan and Handover

The agent gives an expected handover of Q4 2027. Some published sources show a different date, so confirm the current handover date with DAMAC and the SPA. The amount already paid, the outstanding balance and the remaining instalment schedule were not supplied. In an off-plan resale the buyer normally reimburses the seller's paid amount and takes over the remaining payments, so the cash needed at transfer depends on these figures. Ask for DAMAC's statement of account and check its transfer or NOC requirements.

Location and Connectivity

Business Bay sits beside Downtown Dubai, with access to Sheikh Zayed Road, Al Khail Road and the Dubai Water Canal promenade. Journey times depend on the building entrance and traffic, so no specific minutes or distances are quoted.

Verification Notes

• Agent-supplied facts: Canal Crown, Business Bay, 1 bedroom, 834 sq ft, floor 15–17, partial canal view, handover Q4 2027, original price AED 2,170,480, asking price AED 1,650,000, owner unable to continue payments.
• DPF calculations: AED 520,480 saving, 24.0% below original price and approximately AED 1,978 per sq ft.
• External research: developer, design partner, tower count, unit mix and planned amenities from published project information.
• Not supplied: exact floor, amount paid, outstanding balance, payment schedule, bathrooms and parking.