Distress Deal | 2BR Full Canal View | Canal Crown de Grisogono | Business Bay Dubai | AED 3.13M

2-Bedroom Apartment for Sale in Canal Crown, Business Bay — 10% Below Original Price

A rare distress resale opportunity has emerged at Canal Crown by DAMAC Properties, one of Business Bay's most architecturally distinctive addresses. This 2-bedroom apartment spanning 1,368 sq ft offers a full Dubai Water Canal view and is priced at AED 3,130,000 — approximately 10% below the original purchase price, with 45% of the total already paid by the current owner. For investors and end-users seeking a below-market entry into a branded DAMAC de Grisogono residence in the heart of Dubai, this listing represents a financially motivated exit with immediate purchase upside.

Property Highlights

• Project: Canal Crown by DAMAC Properties × de Grisogono
• Location: Business Bay, directly on the Dubai Water Canal, Dubai, UAE
• Unit Type: 2-Bedroom Apartment
• Size: 1,368 sq ft (127 sq m)
• View: Full Dubai Water Canal View
• Floor: Available on request (mid to high floors offered in 38-storey tower)
• Asking Price: AED 3,130,000 (10% below original purchase price)
• Amount Already Paid: 45% of total purchase price
• Handover: Q4 2027 (December 2027)
• Developer: DAMAC Properties
• Brand Partner: de Grisogono (Swiss luxury brand)
• Status: Off-Plan Distress Resale
• Ownership: Freehold — all nationalities eligible
• Parking: 1 covered parking space (standard)
• Payment Plan: Original 60/40; buyer steps into remaining balance

About Canal Crown and DAMAC Properties

Canal Crown is a 38-storey luxury residential tower by DAMAC Properties, designed in collaboration with Swiss luxury jewellery and watchmaking brand de Grisogono. The tower is inspired by cosmic elements and the gemstone peridot, resulting in a façade and interior concept unlike any other project in Business Bay. The complex consists of two towers positioned directly on the Dubai Water Canal, offering studios, 1-2 bedroom apartments, and 3-4 bedroom super-luxury duplexes, with floor-to-ceiling glass panels and rounded balconies on every unit to maximise canal and skyline views. Property sizes range from 401 to 4,761 sq ft, with full floors also available. DAMAC Properties has been a cornerstone of Dubai's luxury real estate market since 2002, delivering branded residential communities across the UAE, Saudi Arabia, and internationally.

Community & Lifestyle

• Business Bay is Dubai's central business and lifestyle hub, bordering Downtown Dubai, DIFC, and the Dubai Canal waterfront promenade
• Walking access to City Walk, Safa Park, and the Dubai Canal cycling and running track
• Minutes from Dubai Mall (over 1,200 retail stores), Dubai Opera, and Burj Khalifa
• Strong expat professional community — corporate tenants from DIFC, Business Bay towers, and Downtown
• Active short-stay rental market due to proximity to Downtown Dubai tourist traffic
• Direct canal views create a permanent lifestyle premium that landlocked Business Bay addresses cannot offer

Amenities

• UFO Spa relaxation pods — de Grisogono branded wellness concept
• Swim VR immersive swimming experience
• Aqua exercise zone and outdoor calisthenic gym on podium level
• Infinity lap pool and resort-style swimming pool
• Observation deck on 38th floor with 360° city and canal views
• Planet-inspired garden and landscaped outdoor areas
• Private screening room for residents
• Kids play area and community garden
• Yoga zone and BBQ terrace
• 24/7 security, CCTV, and concierge services
• Retail outlets and waterfront dining on the ground-floor promenade
• Grand entrance lobby with workout benches as part of the wellness-first design philosophy

Layout & Floor Plan

The 2-bedroom configuration in Canal Crown features an open-plan living and dining area, a rounded balcony overlooking the Dubai Water Canal, two bedrooms with built-in wardrobes, and en-suite bathrooms. Floor-to-ceiling glass throughout maximises natural light and canal views. The detailed floor plan for this 2-bedroom unit at Canal Crown, Business Bay — including the exact stack, orientation, and room-by-room breakdown — is available on request.

Payment & Handover

This is an off-plan distress resale. The original DAMAC payment structure is a 60/40 plan: 20% on booking, 60% during construction milestones, and 20% on handover in Q4 2027. The current owner has paid 45% of the total purchase price and is exiting at AED 3,130,000 — 10% below their original entry price. The buyer steps into the remaining payment obligation, which represents the construction-phase and handover tranches still outstanding. The full outstanding balance breakdown, milestone schedule, and a detailed cost sheet including the 4% DLD transfer fee are available on request from the listing agent.

Location & Connectivity

• Downtown Dubai / Burj Khalifa: ~5–8 minutes drive
• Dubai Mall: ~10 minutes drive
• DIFC / Financial Centre: ~10 minutes drive
• City Walk: ~8 minutes drive
• Safa Park: ~10 minutes drive
• Dubai International Airport (DXB): ~15–20 minutes drive
• Dubai Marina / JBR: ~25 minutes drive
• Palm Jumeirah: ~30 minutes drive
• Access via Sheikh Zayed Road (E11), Ras Al Khor Road (E44), and Al Khail Road (E44)

Why Invest in Canal Crown, Business Bay

• Below-market entry: 10% below original purchase price on a de Grisogono branded unit with full canal view — a combination that does not appear at this price point in the open market
• 45% already paid: Buyer benefits from the seller's paid construction progress; the remaining balance is manageable across remaining milestones to Q4 2027
• Business Bay rental demand: Average ROI for 2BR apartments in Business Bay is approximately 5.5–6.5%, driven by consistent expat professional demand
• Dubai Canal waterfront premium: Front-row canal positions command persistent rental and resale premiums over comparable Business Bay units without water views
• Branded residence uplift: de Grisogono branding adds a collectible quality to the asset; branded residences historically outperform non-branded stock in the same community at resale
• Golden Visa eligibility: At AED 3,130,000, this purchase qualifies the buyer for a 10-year UAE Golden Visa upon completion
• Infrastructure growth: The Dubai Canal corridor continues to attract F&B, retail and leisure operators, strengthening the neighbourhood's long-term positioning

Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.