21.5% Below OP | 1BR | DAMAC Canal Heights 2 by de GRISOGONO, Business Bay

High Floor | Open City & Canal View | Balcony | Save AED 540,000 | Q3 2027 Handover | AED 1,950,000

This is one of the most significant percentage below-OP distress entries currently available in the Business Bay branded residential off-plan resale market. A 1-bedroom unit of 770 sq ft on a high floor with open city and canal views, a balcony, and a Q3 2027 handover in DAMAC Canal Heights 2 by de GRISOGONO is offered at AED 1,950,000 — 21.5% below the original purchase price of AED 2,510,000. The saving is AED 540,000. The seller is not seeking a modest margin compression or a small below-OP exit. They are absorbing a AED 540,000 loss on their own acquisition cost — a number that represents 21.5% of their capital commitment — because their personal circumstances require a rapid and efficient exit from this position, not because the asset, the building, the brand, or the location warrants that level of discount. For the incoming buyer, AED 540,000 of immediate below-OP equity from a de GRISOGONO branded high-floor canal and city view 1-bedroom in Business Bay at Q3 2027 handover is the commercial expression of one seller’s personal urgency — and it is available to be acquired in a single transaction at AED 1,950,000.

Property Highlights

• Property Type: Apartment — 1 Bedroom
• Project: DAMAC Canal Heights 2 by de GRISOGONO, Business Bay, Dubai
• Developer: DAMAC Properties
• Brand Partner: de GRISOGONO — Ultra-Luxury Swiss Fine Jewellery House
• Layout: 1 Bedroom
• Size: 770 sq ft
• View: Open City and Canal
• Floor: High Floor
• Outdoor: Balcony
• Handover: Q3 2027
• Original Purchase Price (OP): AED 2,510,000
• Asking Price: AED 1,950,000
• Saving vs OP: AED 540,000 — 21.5% below original price
• Price per Sq Ft: approximately AED 2,532
• OP Price per Sq Ft: approximately AED 3,260
• Per-Sq-Ft Saving vs OP: approximately AED 728/sq ft
• Status: Off-Plan Resale — Distress — Motivated Seller
• Location: Business Bay — Dubai Canal
• Community: Business Bay
• Building: DAMAC Canal Heights 2 by de GRISOGONO
• Ownership: Freehold — All Nationalities
• Mortgage Eligible: Yes — subject to buyer qualification at handover

About DAMAC Canal Heights 2 by de GRISOGONO

DAMAC Canal Heights 2 by de GRISOGONO is a branded residential tower by DAMAC Properties — one of Dubai’s most prolific and most globally recognised luxury residential developers — in collaboration with de GRISOGONO, the Geneva-based ultra-luxury Swiss fine jewellery house whose design philosophy of bold forms, rare stones, and uncompromising material quality has made it one of the world’s most coveted jewellery brands since its founding in 1993. The de GRISOGONO collaboration with DAMAC brings that same philosophy to bear on the residential interior environment of Canal Heights 2: a design language rooted in jewellery-grade material distinction, richly toned interiors, bespoke detailing, and the kind of visual and tactile specificity that distinguishes a branded residential product from a luxury-finished standard apartment. Business Bay is the location — the business and residential district that directly borders Downtown Dubai and the Dubai Canal, positioned between the Burj Khalifa’s immediate orbit and the Business Bay Canal’s waterfront amenity corridor, and one of the most actively traded and most internationally in-demand mid-to-upper residential investment communities in Dubai. A de GRISOGONO branded high-floor 1-bedroom with open city and canal views, a balcony, and Q3 2027 handover at AED 1,950,000 — 21.5% below OP — is a structurally advantaged entry into one of the most design-distinguished and most globally marketable branded residential towers currently in delivery in Business Bay.

Building and Brand

• DAMAC Canal Heights 2 — new DAMAC residential tower in Business Bay, Q3 2027 handover
• de GRISOGONO brand collaboration — Geneva ultra-luxury Swiss fine jewellery house; one of the world’s most coveted luxury design brands
• DAMAC Properties — one of Dubai’s most prolific and most globally recognised luxury residential developers
• Business Bay — high-demand, actively traded residential and business district directly bordering Downtown Dubai and the Dubai Canal
• High floor — elevated position delivering the open city and canal view orientation without obstruction
• Open city and canal view — dual-axis view orientation across the Business Bay skyline and the Dubai Canal waterfront
• Balcony — direct outdoor access from the unit capturing the city and canal panorama
• 770 sq ft — a well-proportioned 1-bedroom floor plate for this asset class at this price point
• AED 1,950,000 — AED 540,000 (21.5%) below the original purchase price of AED 2,510,000
• One of the deepest percentage below-OP discounts currently available for a branded 1-bedroom in Business Bay

AED 540,000 Below OP — The Commercial Significance of 21.5%

The 21.5% below-OP gap on this DAMAC Canal Heights 2 unit is one of the most commercially significant distress metrics in the current Business Bay off-plan resale market. In absolute terms, AED 540,000 is a substantial quantum — it represents more than two years of gross rental income for a 1-bedroom unit at the upper end of Business Bay’s annual rental market, meaning the incoming buyer is acquiring what effectively amounts to more than two years of future rental yield embedded directly in their entry price advantage from day one of ownership. In percentage terms, 21.5% below OP is not a modest pricing concession; it is a deep, commercially purposeful discount driven entirely by the seller’s personal circumstances and not by any market-wide repricing of the de GRISOGONO brand, the DAMAC developer quality, the Business Bay location, or the Q3 2027 delivery timeline. On a per-sq-ft basis, the difference between the original price of approximately AED 3,260 per sq ft and the asking price of approximately AED 2,532 per sq ft is approximately AED 728 per sq ft — a per-sq-ft savings that, applied across 770 sq ft, delivers the AED 540,000 aggregate gap in a format that is structurally embedded in the incoming buyer’s cost basis from the moment of agreement. For a short-term rental investor, the same projected nightly income applied to AED 1,950,000 rather than AED 2,510,000 improves gross yield by approximately 2.5 to 3 percentage points — a difference that transforms this unit’s investment performance profile from a market-rate acquisition to a structurally above-market yield position. For a capital appreciation investor, the AED 540,000 below-OP entry means the unit is immediately 21.5% above water relative to its original price benchmark from day one of ownership. Both investment thesis positions — yield and capital — are materially strengthened by the depth of the seller’s concession.

de GRISOGONO — The Brand That Changes What This Apartment Is

The de GRISOGONO collaboration with DAMAC on Canal Heights 2 is not a cosmetic branding exercise — it is a design partnership whose output fundamentally changes what the apartment’s interior looks, feels, and functions like relative to a standard luxury residential product. de GRISOGONO’s design philosophy, as expressed across decades of fine jewellery creation and its more recent residential collaborations, centres on the primacy of rare and richly textured materials, the deliberate use of dark and jewel-toned palettes as a counterpoint to the predominantly white or beige luxury residential aesthetic that characterises much of Dubai’s high-end residential inventory, and an approach to detailing and finish quality that is rooted in the goldsmith’s philosophy of perfecting every surface rather than achieving surface-level luxury. In a residential context, this translates to lobbies, corridors, common areas, and apartment interiors whose design language is immediately and unmistakably distinct from every comparable Business Bay tower — a distinctiveness that converts on international short-term rental platforms as a guest booking decision driver, that converts in the long-term rental market as a tenant premium indicator, and that converts in the resale market as a brand recognition premium that non-branded equivalents cannot match. For a 1-bedroom investor acquiring a high-floor canal and city view unit at AED 1,950,000 — 21.5% below OP — the de GRISOGONO brand is not simply a design story but a commercial differentiator that directly sustains the unit’s rental and resale premium above non-branded equivalents in the same market segment.

High Floor — Open City and Canal View — The Permanent Premium

The high-floor position of this unit is the view attribute that makes the open city and canal view commercially significant rather than merely pleasant. In a Business Bay tower, the difference between a low-floor and a high-floor unit with the same nominal view orientation is material: a low-floor unit’s city and canal view is frequently partially or substantially obstructed by neighbouring towers, podium structures, or the business district’s dense built environment at lower elevations, while a high-floor position rises above the obstruction zone to deliver the uninterrupted panoramic sightline that the view designation implies. The open city view from a high floor in Business Bay delivers a panorama across one of the most architecturally dense and most dramatically lit urban skylines in the world — a view that performs as a guest booking driver on international short-term rental platforms in a way that a partially obstructed low-floor equivalent does not. The canal view adds the waterfront dimension — the Dubai Canal’s water surface and its illuminated bridges and promenades at night creating a contrasting horizontal visual that grounds the vertical city skyline in a specifically Dubai waterfront context. The balcony extends this dual-axis view experience into the outdoor environment: a private outdoor threshold where the city and canal panorama is experienced in full three-dimensional depth rather than through glass. Together — high floor, open city view, canal view, and balcony — the unit’s view configuration is the single most commercially powerful attribute in the listing, and the one whose value, once embedded in a unit’s physical position, cannot be replicated or acquired at a later stage through renovation, repositioning, or any management intervention.

Business Bay — The Location That Anchors the Investment

Business Bay occupies the commercial and residential district that directly connects Downtown Dubai to the south bank of the Dubai Canal — a position that places it within walking distance of the Burj Khalifa, the Dubai Fountain, and the Dubai Mall while simultaneously delivering the Dubai Canal waterfront’s expanding retail, dining, hospitality, and promenade infrastructure along its northern boundary. For a 1-bedroom investment unit, Business Bay’s combination of the Downtown Dubai adjacency (delivering internationally recognised location prestige to a rental listing), the Business Bay Canal waterfront (delivering lifestyle amenity and view premium), the Business Bay Metro Station’s Red Line connectivity (delivering practical commute value for long-term tenants), and two decades of consistently active resale and rental market liquidity (delivering investment exit optionality) creates an investment location context that very few alternative communities in Dubai can match across all four dimensions simultaneously. At AED 1,950,000 for a de GRISOGONO branded high-floor city and canal view 1-bedroom with a balcony and Q3 2027 handover — 21.5% below OP — the incoming buyer is acquiring the Business Bay location advantage, the de GRISOGONO brand premium, the high-floor view orientation, and the DAMAC developer quality at a cost basis that the seller’s personal circumstances have made available at a level the market’s current comparable offerings do not provide.

Q3 2027 Handover — DAMAC Delivery Context

The Q3 2027 handover of DAMAC Canal Heights 2 by de GRISOGONO provides the incoming buyer with a defined and plannable delivery timeline within which to organise mortgage drawdown scheduling, rental market entry, and capital deployment from other positions. DAMAC Properties is one of Dubai’s most prolific and most internationally experienced luxury residential developers — a company whose track record of delivering large-scale branded and non-branded residential towers in Dubai spans multiple development cycles and whose project pipeline management experience is reflected in a delivery history that buyers and investors across the UAE market have experience with. The Q3 2027 handover positions the incoming buyer for entry into the Business Bay rental market at a point when the canal waterfront’s expanding amenity infrastructure will be further developed, when the de GRISOGONO brand’s rental premium will be operating in a fully built and occupied building environment, and when the overall Business Bay residential market’s forward trajectory from 2024–2025’s elevated transaction activity will have had additional time to mature and consolidate. For a buyer acquiring at AED 1,950,000 — 21.5% below OP — the Q3 2027 handover is the commercial endpoint of a well-defined and near-term capital commitment, with a delivery timeline and a developer whose scale and experience in the Dubai market supports planning confidence.

Amenities

• 1 Bedroom Unit — 770 sq ft — DAMAC Canal Heights 2 by de GRISOGONO
• High Floor — Open City and Canal View — Balcony
• de GRISOGONO Interior Design Language — Jewellery-Grade Material Distinction
• DAMAC Building Amenity Standard — Pool, Gymnasium, Residents’ Facilities
• Building Swimming Pool and Pool Deck
• Gymnasium and Fitness Facilities
• Residents’ Lounge and Concierge
• Covered Parking
• 24/7 Building Security and Access Management
• Business Bay Canal — Waterfront Promenade on the Doorstep
• Downtown Dubai — Burj Khalifa, Dubai Fountain, Dubai Mall within minutes
• Business Bay Metro Station — Red Line Direct Access
• Q3 2027 Handover — DAMAC Delivery

Layout and Floor Plan

This 1-bedroom unit in DAMAC Canal Heights 2 by de GRISOGONO spans 770 sq ft on a high floor with open city and canal views and a balcony. The floor plan is expected to distribute the programme in the de GRISOGONO residential design language: an open-plan living and dining area oriented to the city and canal view with balcony access, a fully fitted kitchen of de GRISOGONO’s material specification, a full bedroom suite with en-suite bathroom and wardrobe provision, and entrance and utility areas. The specific floor level, unit designation, exact view line assessment, balcony dimensions, kitchen and bathroom specification, and complete architectural floor plan are available on request from the listing agent alongside the original SPA documentation and the payment plan schedule.

Financial Overview

This unit is offered at AED 1,950,000 — AED 540,000 (21.5%) below the original purchase price of AED 2,510,000. At AED 1,950,000 for 770 sq ft, the price per sq ft equates to approximately AED 2,532 — against the OP per sq ft of approximately AED 3,260, a per-sq-ft saving of approximately AED 728. The payment plan structure — covering the amounts already paid by the current seller and the remaining balance payable to DAMAC through to Q3 2027 handover — is available on request from the listing agent alongside the full SPA documentation. Dubai Land Department resale transfer fees of typically 4% apply. Mortgage eligibility is available subject to individual buyer qualification and bank approval, typically at or close to handover for off-plan resale units.

Location and Connectivity

• Dubai Canal Waterfront Promenade: immediate — Business Bay canal frontage on the doorstep
• Business Bay Metro Station: within the community — Red Line direct access
• Downtown Dubai and Burj Khalifa: approximately 5–10 minutes by car or metro
• The Dubai Mall: approximately 5–10 minutes by car
• Dubai Fountain: approximately 5–10 minutes by car
• DIFC: approximately 5–10 minutes by car
• Dubai International Airport (DXB): approximately 15–20 minutes by car
• Dubai Marina: approximately 20–25 minutes by car
• Mall of the Emirates: approximately 20–25 minutes by car
• Al Maktoum International Airport: approximately 30–35 minutes by car

Why Invest in This Unit at DAMAC Canal Heights 2, Business Bay

• AED 540,000 (21.5%) below original price — one of the deepest percentage below-OP discounts available for a branded 1-bedroom in Business Bay’s current off-plan resale market
• de GRISOGONO brand collaboration — Geneva ultra-luxury Swiss jewellery house whose design philosophy creates a residential product materially distinct from every comparable Business Bay tower
• High floor — open city and canal view — balcony — the view configuration that commands the highest rental and resale premiums within any given Business Bay tower inventory
• Business Bay location — Downtown Dubai adjacency, Dubai Canal waterfront, Business Bay Metro, and two decades of proven resale and rental market liquidity
• DAMAC Properties developer — one of Dubai’s most prolific and most internationally experienced luxury residential developers
• Q3 2027 handover — a defined and plannable delivery timeline
• Approximately AED 2,532/sq ft — against an OP of approximately AED 3,260/sq ft — a per-sq-ft entry approximately AED 728 below the seller’s own acquisition cost
• Short-term rental positioning: de GRISOGONO brand, high floor, city and canal view, and balcony combine to create a product that converts on international platforms above non-branded canal view equivalents
• Freehold ownership for all nationalities

Frequently Asked Questions (FAQs)