Distress Deal | Studio in Canal Heights, Business Bay by Damac Properties | AED 124K Below OP

AED 1,200,000
| Deal type | Off-Plan Distress |
| Price | AED 1,200,000 |
| Size | 456 sq.ft |
| Status | OFF PLAN |
| Handover | Q2-2027 |
| Area / Master development | Business Bay |
| Community | Business Bay |
- Property Type: Studio
- Original Price: AED 1,324,000
- Selling Price: AED 1,200,000
- Property Size: 456 sq ft
- Status: Under Construction
- Handover Date: Q2 2027
- Payment Plan: 80/20
- View/Floor: Middle Floor
- Other Highlights: Premium DAMAC waterfront project
Studio for sale in Damac Canal Heights de Grisogono
This is a genuine, seller-driven distress deal in Canal Heights, Business Bay, priced AED 124K under the original price, making it one of the strongest entry points into Dubai’s most active investment district. A clean, verified unit, no complications, no disputes, and no mortgage delays. Act fast. Deals at this price point rarely remain available.Why This is a Secure Deal
This unit is being sold under distress due to the seller's liquidity needs, making it a rare opportunity to purchase below the original price in a premium Business Bay tower. The transaction is:- Fully verified with documentation available
- Clean title with no financial or legal encumbrances
- Transfer-ready for serious buyers
- Ideal for cash buyers looking for guaranteed equity on day one
Why Studio in Canal Heights is a Prime Investment
- 456 sq ft Prime Studio Layout — one of the most efficient footprints for both long- and short-term rental demand
- Middle-Floor Positioning — enhanced livability and rental desirability
- Central Business Bay Location — 3 minutes to Downtown Dubai, high rental absorption
- Prestigious Canal Heights Tower — modern design, premium interiors, and strong brand appeal
- Consistent Capital Growth — Business Bay studios are among the fastest-appreciating units in Dubai
- High Rental Yield Potential — perfect for investors targeting steady returns
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.









Buyer costs
What you will pay
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
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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
Mortgage estimate
Off-plan: UAE lenders generally finance at handover. Plan the position you will be in.
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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.
Read our full property verification methodology →
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