Business Bay
Canal Heights
AED2,828,000
Project general facts Canal Heights by DAMAC Properties is an elegant waterfront residential development located in the vibrant Business Bay district of Dubai.…
- Handover
- SEP 2027
- Developer
- Damac
- Units
- 48
- Unit types
- 41
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Key figures
- From
- AED 2,828,000
- Handover
- SEP 2027
- Developer
- Damac
- Units
- 48
- Unit types
- 41
- Golden Visa
- Golden Visa eligible
- DLD fee (4%)
- AED 113,120
Source: Reelly project starting price; official UAE Golden Visa property threshold (AED 2,000,000); Dubai Land Department transfer fee of 4%. Rule last verified by DubaiYield on 2026-08-14 (published public rule — not a live government API).
Payment plan
Payment Plan 60/40
20%
On booking
AED565,600
40%
During construction
AED1,131,200
40%
Upon Handover
Due on handover
AED1,131,200
Percentages from developer payment plan via Reelly. Confirm in SPA.
Golden Visa
Golden Visa eligibility
Property at AED 2,000,000 or above may qualify for the UAE 10-year Golden Visa. Off-plan purchases can qualify once the SPA is registered with the Dubai Land Department, including bank-financed purchases.
Threshold
AED2,000,000
Likely eligible — 10-year Golden Visa
Indicative guidance only. Eligibility is subject to legal and regulatory review. The 10-year Golden Visa property route is distinct from shorter investor residency programmes.
Area overview
Business Bay is a mixed-use district located directly adjacent to Downtown Dubai, along the banks of the Dubai Water Canal. The canal itself extends from Dubai Creek to the Arabian Gulf, running along the southern edge of the district. Business Bay is served by Sheikh Zayed Road (E11) and Al Khail Road (E44), and by its own Business Bay Metro Station on the Red Line, located within a short distance of the Burj Khalifa/Dubai Mall metro station.
The district combines commercial towers, residential buildings, and hotels, with residential properties consisting primarily of apartments ranging from studios to multi-bedroom units, along with a smaller number of penthouses. Waterfront promenades run along sections of the canal, connecting to retail and dining areas such as Bay Avenue. The area also includes several international hotel brands.
Business Bay attracts a mix of professionals working in nearby business districts, along with investors and residents seeking proximity to Downtown Dubai at a different price point. Its position between Downtown Dubai and the wider road network makes it a common transit point as well as a residential destination in its own right.
About the developer
DAMAC Properties is a Dubai-based real estate developer founded in 2002 by Hussain Sajwani, following the government's 2002 decision to allow foreign nationals to own freehold property in the emirate. The company was listed on the Dubai Financial Market in 2015. DAMAC has since become one of the larger private developers operating in the UAE, with a portfolio extending to other regional markets and to cities including London and Toronto.
DAMAC's master communities include DAMAC Hills, formerly known as Akoya by DAMAC, a mixed residential development of roughly 42 million square feet built around the Trump International Golf Club, an 18-hole course designed by Gil Hanse. DAMAC Hills 2, previously named Akoya Oxygen, follows a similar community model with a stronger focus on townhouses. DAMAC Lagoons is a more recent master community themed around Mediterranean coastal destinations, combining waterfront townhouses and villas.
