Canal Heights 2

Canal Heights 2

Features & amenities

Shared swimming poolShared swimming pool
Children's play areaChildren's play area

Canal Heights 2 in Dubai

Properties for sale in Canal Heights 2 will be found on the Dubai Canal waterfront. The 44-story urban-style residential tower will be located amidst magnificent skyscrapers and luxury hotels in Business Bay, a buzzing financial district.

Apartments in Canal Heights 2 for investment and living will be a great option available even to foreigners who can have full private ownership rights, too.

In Canal Heights 2, prices from the developer are currently relatively low. The cheapest studio sells for AED 1.29 million (USD 351,000), a 1-bedroom apartment costs upwards of AED 1.81 million (USD 493,000), while 2-bedroom residences are worth AED 3.4 million (USD 926,000) or more. 3-bedroom duplexes are priced at AED 5.65 million (USD 1.53 million). For AED 18 million (USD 4.9 million), investors can buy an entire floor in the new building for rent or subsequent resale.

Installment plans are available to buyers wanting to pay for their purchase gradually as the construction progresses, with 20% of the value transferred after the complex’s commissioning.


One of the most popular and prestigious areas of Dubai, Business Bay is a district where property ownership is allowed for foreigners without UAE residency.

Most high-rise residential complexes provide various amenities, such as gyms, swimming pools, playgrounds for children, etc. Residents can quickly access shopping malls, supermarkets, restaurants, and cafes, as well as iconic destinations like the Dubai Opera and the Dubai International Airport.

Savvy businesspeople can consider property for investment in Canal Heights 2 or another opulent residential complex in this vibrant community. Once the construction is completed, prices are sure to increase. Investors purchasing a full floor are eligible for an additional 2% discount.

Due to the complex’s convenient location in the heart of Dubai, local properties will have good liquidity and enjoy a high demand among tenants. The rent on apartments in this community starts at AED 60,000 (USD 16,000) per year. In Q1 2023, an average 1-bedroom apartment generated 6.3% annually.

Apartments in Canal Heights II

The new building will comprise various property types:

  • Studios;
  • Conventional apartments with 1 and 2 bedrooms;
  • Premium duplexes with 3 and 4 bedrooms.

A studio in Canal Heights 2 has a floor area of 40 m², while the minimum area of a 3-bedroom duplex is 202 m².

The key feature of all local residences is a spacious balcony and a large bathroom with an exquisite design.

The studios and apartments for sale in Canal Heights 2 have open-plan kitchens with a breakfast bar or a kitchen island. The living room and dining room share the same space.

The 3- and 4-bedroom duplexes have 2 floors, each with a large balcony. The first-floor balcony includes a private pool with a waterside seating area. These homes have 2 kitchens with the entrances close to each other: an enclosed kitchen for cooking and an open-plan one for serving meals. There will also be a room for domestic staff in the duplexes.


A vital feature in off-plan projects, in Canal Heights 2 specifically, is the luxurious interiors, in this case designed by the upscale jewelry brand de Grisogono.

The podium of the residential complex will feature a large outdoor terrace with the following amenities:

  • A vast infinity pool with spotlighting, which, at night, resembles a lake where the stars are reflected;
  • A children's pool and playground;
  • 2 islands with beautiful plants in the infinity pool, which can be accessed via footbridges;
  • Sun loungers and comfortable poolside seating areas;
  • Lush green gardens with ornamental plants;
  • Footpaths;
  • Transparent yoga domes.

The complex's ground floor will have a large lobby with an exquisite beige, blue, and gold design. There will be a luxurious glossy marble floor, decorative mirrors, elegant chandeliers, and designer upholstered furniture for guests and residents.

Canal Heights 2 by Damac Properties

Canal Heights 2 Dubai is an exclusive project created by Dubai's largest developer DAMAC and the fashion brand de Grisogono. The complex's residents will therefore be able to enjoy the luxurious interior design not only in the public spaces but also in their homes that will be decorated with marble, round and oval mirrors, glass chandeliers and sconces, decorative elements and sanitary ware in golden colors, and luxurious furniture perfectly aligned with the general style.

Another major advantage of the new residential project is the rooftop relaxation area with magnificent panoramic views of Downtown, an infinity pool, and a fresh bar.

According to the developer's plan, the construction will be completed in September 2027. The residential complex is currently at the initial stage of construction, which is the most suitable time to buy apartments in Canal Heights 2 for investment at a discount from the developer.

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Floor plan information

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Canal Heights 2 - top floor of the tower with seating area

Convenience of living at Canal Heights 2

Business Bay is a multi-purpose district with residential, commercial, and hotel complexes, as well as retail and entertainment venues. It stretches along the Dubai Canal and has a long promenade, a yacht club, and several ferry berths. A well-developed public transport system, a metro station, and wide roads increase its capacity during the rush hours. The community includes the Bay Avenue Mall, several public parks, cafes, bars, and restaurants.


Installment: 120%

Purchase Date

Installment: 260%

During 4 Years After Purchase

Installment: 320%

On Completion

Atmosphere at Canal Heights 2

Off-plan apartments in Canal Heights 2 are an excellent option for those who prefer an active and eventful life in the metropolis. The residential complex is located just a few minutes' drive from Downtown. Its residents will have convenient and quick access to all the urban critical facilities, including the emirate’s largest shopping mall, a dancing fountain, a promenade and a park on Palm Jumeirah, an Olympic-sized ice rink, and other popular destinations. Numerous outdoor and indoor lounge areas, a shimmering infinity pool with seating areas and stunning views of the city center, a luxurious beauty salon, a cozy cafe with a designer interior by de Grisogono, floor-to-ceiling windows, and many other premium amenities will make your stay in the complex as comfortable as possible.

Canal Heights 2 - landscaped pool overlooking the canal

Year of foundation


Main office


Number of employees


Estimated cost

$1.660 billion



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Business Bay

Welcome to Business Bay, the center of “now”, the center of everything. In this business hub, you and your family can reside and build a comfortable, safe life, fully inclusive of all convenience, comfort and fun that your heart desires.

Business Bay

Frequently asked questions & answers

What unit types are offered?

Studios, conventional 1- and 2-bedroom apartments, and premium 3- and 4-bedroom duplexes are available.

Who is the developer of Canal Heights II?

The developer of Canal Heights 2 is Damac Properties.

What is the location of Canal Heights II?

Canal Heights 2 is located in Business Bay, one of the most popular and prestigious areas of Dubai.

Can a foreigner buy properties in Canal Heights II?

Foreigners can buy real estate in Canal Heights II and have private ownership rights.

How to pay for Canal Heights 2 by Damac Properties?

20% of the total value is paid after the residential complex is commissioned.

What is the price of apartments in Canal Heights II?

The cheapest residence costs AED 1.29 million (USD 351,000), 1-bedroom flats in Canal Heights 2 sell for upwards of AED 1.81 million (USD 493,000), the prices of 2-bedroom apartments start at AED 3.4 million (USD 926,000), while 3-bedroom duplexes can be purchased for AED 5.65 (USD 1.53 million). A full floor in the new building for rent or subsequent resale is available to investors for upwards of AED 18 million (USD 4.9 million).

Can I obtain residency if I buy property in Canal Heights II?

Property ownership does not automatically grant you residency. However, Dubai does offer an investor visa, which allows real estate buyers to become residents in the UAE.

Is Canal Heights II a good place to live?

The upscale residential complex co-designed by de Grisogono is an excellent option for buy-to-live and buy-to-rent properties.

When will the construction of Canal Heights II in Business Bay be completed?

The construction will be completed in September 2027.

What are the pros and cons of living in Business Bay?

Despite the downsides of possible traffic, noise, and a high cost of living, the advantages of living in Business Bay are far more numerous and include a central location, modern infrastructure, a sumptuous lifestyle, proximity to Downtown, business opportunities, public transportation, etc.

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