Canal Heights 2: Damac's Tower on the Dubai Canal
Canal Heights 2 is a residential tower by Damac Properties in Business Bay, one of Dubai's central mixed-use districts. Construction started in June 2023, with handover targeted for September 2027. Off-plan buyers entering now are joining a project roughly midway through its build.
Business Bay runs along the Dubai Canal between Downtown Dubai and Al Quoz. For daily life, this means walking access to the canal promenade, quick links to Sheikh Zayed Road, and a short drive to DIFC. The Dubai Mall and Burj Khalifa are within a few kilometres. Business Bay sits in the middle of Dubai's commercial and lifestyle corridor, making it a practical base for professionals and central-location buyers.
What the Price Range Tells You
Prices run from AED 2,828,000 to AED 19,242,000. The spread reflects a genuine product difference rather than floor-level variation alone.
One-bedroom apartments range from 892 to 1,072 sq ft, all starting at AED 2,828,000. Two-bedroom apartments start at AED 3,447,000, with sizes spanning from 1,303 sq ft to an unusually large 3,999 sq ft. The standard two-beds in the 1,300 to 1,400 sq ft range suit couples and small families. The oversized two-beds are a different product, with layouts that rival standard three-bedroom sizing.
Three-bedroom apartments start at AED 12,965,000 for 3,095 to 3,357 sq ft. Three-bedroom duplexes start at AED 12,808,000 for 3,078 to 3,309 sq ft. The top of the range is a four-bedroom apartment at AED 19,242,000 for 4,666 sq ft. That is large-format, lateral living in a central Dubai location, and the buyer profile at this level differs sharply from the entry investor picking up a one-bedroom unit.
Apartments and Duplexes
The building offers apartments across one, two, three, and four bedrooms, along with duplexes in the three-bedroom configuration. Duplexes split the living space across two floors, giving residents a more private feel that standard apartment layouts cannot replicate. At a similar price point to the three-bedroom apartments, the choice between them comes down to how the buyer prefers to arrange their space.
Amenities
| Category | Amenities |
|---|---|
| Fitness | Health Club, Gymnasium |
| Dining | Restaurants |
| Leisure | Shared Pool |
| Building Services | Security |
The amenity package here is focused. A gym and dedicated health club cover fitness, alongside a shared pool, in-building restaurants, and 24-hour security. This is a practical setup suited to residents who want a well-run building rather than a resort-style offering. The mix targets working professionals who use amenities regularly but do not need an extensive lifestyle floor to justify the purchase.
September 2027 Completion
Construction started in June 2023. The expected handover is September 30, 2027, putting the project on a roughly four-year build timeline. A buyer entering today is roughly midway through the wait, with just over two years remaining. For off-plan investors, that is a workable horizon before the asset can generate rental income or be resold post-completion.
20% Down, 60% Over Construction
The payment plan is structured as 20% down payment, 60% during construction, and 20% at handover.
| Stage | Share |
|---|---|
| Down payment | 20% |
| During construction | 60% |
| At handover | 20% |
A 20% entry is in line with standard Dubai off-plan practice. The 60% construction tranche is paid in instalments over the build period, spreading the main capital commitment. At handover, the final 20% completes the purchase. The structure is clean and conventional, with the bulk of payments tied to the construction schedule.