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DAMAC Canal Heights by de GRISOGONO — apartments for sale

Name: DAMAC Canal Heights — Dubai
Brand: DAMAC Properties
Availability: InStock

A de GRISOGONO-branded tower on the Dubai Water Canal with a pearl-themed wellness theme. Studios from ~AED 1.25M, 1-beds from ~AED 1.6M.

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AED 1.25M

studio from

2027

handover

5-6%

gross yield

de GRISOGONO

branded

By WIZI PREMIUM · Updated 27 June 2026

In short

DAMAC Canal Heights is a de GRISOGONO-branded tower by DAMAC Properties on the Dubai Water Canal in Business Bay. Studios start from ~AED 1.25M and 1-bedrooms from ~AED 1.6M, with pearl-themed spas, a lazy river and infinity pools. Expected gross yields run 5-6%. It suits buyers wanting a branded canal-side address at a relatively accessible entry price.

Developer: DAMAC Properties · Sources: developer brochure, Bayut, Property Finder, DLD · 2026

The project

Branded canal-side tower in Business Bay

Canal Heights is an ultra-luxury tower by DAMAC, branded by Swiss jeweller de GRISOGONO, set directly on the Dubai Water Canal in Business Bay. It offers studios and 1-4 bedroom apartments and duplexes. The pearl-inspired concept features underwater-themed spas, a lazy river, sensory gardens, infinity pools and curated retail at the base.

Business Bay is one of Dubai's strongest rental markets thanks to its central location next to Downtown and DIFC. DAMAC offers flexible 20/60/20-style payment plans (10% on booking, 40% during construction, 50% on handover variants) with completion expected around 2027. Branded canal-side units support gross yields around 5-6%.

Business Bay, Dubai

The setting

A look around Business Bay

Prices & payment · 2026

How much DAMAC Canal Heights costs

Type	From	Gross yield
Studio	~AED 1.25M	5.5-6%
1 bedroom	~AED 1.6M	5-5.5%
2 bedroom	~AED 2.8M	5-5.5%
3 bedroom	~AED 5M	4.5-5%

Indicative 2026 launch pricing; varies by unit, floor and view. Payment plan: 20/60/20, 10-20% down. Sources: DAMAC Properties, Property Finder, DLD.

Market context

Dubai apartment price ladder

In Business Bay, apartments trade around AED 2,547/sqft — mid-range on the city's price ladder. Gross yields here run about 6–7%. Use this to sanity-check where DAMAC Canal Heights sits on price.

Palm JumeirahAED 3,450

Downtown DubaiAED 3,011

Business BayAED 2,547

Dubai MarinaAED 2,058

Dubai Hills EstateAED 1,820

JVCAED 1,150

Dubai SouthAED 1,050

Average price / sqft by area · Source: Dubai Land Department transactions & Bayut, 2026 · indicative

Recent sales · DLD

What DAMAC Canal Heights actually sold for

17 sales were registered at DAMAC Canal Heights in Jan–Jun 2026, at a median of AED 2,527,000 (~AED 2,861/sqft). Most recent registered transactions:

Date	Beds	Status	Size	Price	AED/sqft
2026-04-28	2 B/R	Off-plan	1,409 sqft	AED 4,032,960	2,861
2026-03-30	1 B/R	Off-plan	818 sqft	AED 2,527,000	3,091
2026-03-27	Studio	Off-plan	473 sqft	AED 1,359,000	2,873
2026-03-27	1 B/R	Off-plan	716 sqft	AED 1,927,000	2,690
2026-03-13	1 B/R	Off-plan	871 sqft	AED 2,530,000	2,906
2026-03-12	2 B/R	Off-plan	1,505 sqft	AED 4,441,000	2,950

Source: Dubai Land Department — registered sales transactions, Jan–Jun 2026. Actual recorded deals, not asking prices.

Investment view

Is DAMAC Canal Heights right for you?

In favour

de GRISOGONO branding at an accessible entry price
Direct Dubai Water Canal frontage in Business Bay
Central, high-demand rental location near Downtown
Distinctive pearl-themed wellness amenities

Worth knowing

Off-plan handover around 2027
Dense Business Bay tower cluster limits some views
Branded service charges above mainstream towers
Smaller studios best suited to renters, not families

Calculator

What it earns

Currency

Purchase budget 1,250,000 AED

1.25M3.4M AED

Gross estimate from typical Business Bay yields; net is lower after service charges (AED 12–25/sq.ft). Off-plan rent applies after handover (2027).

Monthly rent—

Annual income—

Gross yield—

Payback—

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FAQ

Common questions

How much is an apartment at Canal Heights?

Studios start from around AED 1.25M and 1-bedrooms from ~AED 1.6M, with 2-beds from ~AED 2.8M and 3-beds from ~AED 5M.

What yield does Canal Heights give?

Expected gross rental yields are around 5-6%, with studios and 1-beds at the top end given strong Business Bay rental demand.

When does Canal Heights hand over?

Handover is expected around 2027. DAMAC offers flexible plans such as 10% on booking, 40% during construction and 50% on handover.

Is DAMAC Canal Heights a good investment?

DAMAC Canal Heights gives about 5-6% gross. Worth it if de GRISOGONO branding at an accessible entry price matters to you. The exact unit decides the net return; we model it before you commit.

What is the payment plan at DAMAC Canal Heights?

DAMAC Canal Heights is offered on a 20/60/20, 10-20% down plan (developer terms, subject to availability). Handover is 2027. We confirm the exact schedule and any current incentives per unit on request.

Can a foreigner buy at DAMAC Canal Heights?

DAMAC Canal Heights sits in a freehold zone, so foreigners get full ownership and can buy remotely by power of attorney. Entry is around AED 1.25M; a purchase at or above AED 2M also qualifies for the 10-year Golden Visa.

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