# DAMAC Canal Heights 2 (Phase 2, Business Bay) — Apartments for Sale | WIZI PREMIUM > Buy at DAMAC Canal Heights 2 de GRISOGONO, Business Bay: jewel-inspired canal-front apartments from ~AED 2.8M. Prices, payment plan, yields, RERA deal. > Canonical (HTML): https://wizipremium.com/projects/damac-canal-heights-2.html > Markdown twin generated from the live page content. Date: 2026-09-16 --- By WIZI PREMIUM · Updated 27 June 2026 In short DAMAC Properties, with Swiss jeweller de GRISOGONO, delivers Canal Heights 2 on the Dubai Water Canal in Business Bay. Branded studios to 4-bed apartments start from ~AED 2.8M for a 1-bed, with projected gross yields around 5-6%. It suits luxury investors and end-users wanting a design-led, canal-front address steps from Downtown and a strong central-Dubai rental market. Developer: DAMAC Properties · Sources: developer brochure, Bayut, Property Finder, DLD · 2026 The project ## de GRISOGONO canal-front phase two Canal Heights 2 is the second phase of DAMAC's de GRISOGONO-branded development on the Dubai Water Canal in Business Bay. Jewel-inspired architecture and interiors run through studios, 1- to 4-bedroom apartments and duplexes, with canal and skyline views and resort-style amenities at the waterfront edge of Downtown. As a branded canal-front product, Canal Heights 2 targets prestige rental demand and capital growth. One-bedroom apartments start from ~AED 2.8M, with 2-beds from ~AED 3.4M, on an 80/20 plan (20% booking, 60% during construction, 20% on handover) around Q4 2027. Central Business Bay supports gross yields near 5-6%. Business Bay, Dubai The setting ## A look around Business Bay Prices & payment · 2026 ## How much DAMAC Canal Heights 2 costs | Type | From | Gross yield | |---|---|---| | 1 bedroom | ~AED 2.8M | 5.5-6% | | 2 bedroom | ~AED 3.4M | 5-5.5% | | 3 bedroom | from ~AED 6M | 4.5-5% | Indicative 2026 launch pricing; varies by unit, floor and view. Payment plan: 80/20, 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 2 sits on price. Palm Jumeirah AED 3,450 Downtown Dubai AED 3,011 Business Bay AED 2,547 Dubai Marina AED 2,058 Dubai Hills Estate AED 1,820 JVC AED 1,150 Dubai South AED 1,050 Average price / sqft by area · Source: Dubai Land Department transactions & Bayut, 2026 · indicative Recent sales · DLD ## What DAMAC Canal Heights 2 actually sold for 16 home sales were registered at DAMAC Canal Heights 2 in Jan–Jun 2026, at a median of AED 3,663,090 (~AED 2,860/sqft). Most recent registered transactions: | Date | Beds | Status | Size | Price | AED/sqft | |---|---|---|---|---|---| | 2026-06-26 | Studio | Off-plan | 458 sqft | AED 1,313,000 | 2,865 | | 2026-06-03 | 1 B/R | Off-plan | 809 sqft | AED 2,194,000 | 2,711 | | 2026-04-16 | 2 B/R | Off-plan | 1,326 sqft | AED 3,794,000 | 2,860 | | 2026-04-13 | 3 B/R | Off-plan | 2,207 sqft | AED 5,761,000 | 2,610 | | 2026-04-13 | 1 B/R | Off-plan | 965 sqft | AED 3,029,000 | 3,140 | | 2026-04-13 | 2 B/R | Off-plan | 1,313 sqft | AED 3,783,000 | 2,880 | Source: Dubai Land Department — registered residential sales, Jan–Jun 2026. Apartments, villas and townhouses only; land plots are excluded because plot prices are not comparable with homes. Actual recorded deals, not asking prices. Investment view ## Is DAMAC Canal Heights 2 right for you ? ### In favour - de GRISOGONO-branded, jewel-inspired design - Canal-front Business Bay address near Downtown - 80/20 payment plan, ~20% booking - Strong central rental demand and prestige appeal ### Worth knowing - Branded premium pricing from ~AED 2.8M for 1-bed - Off-plan with handover around Q4 2027 - Dense Business Bay, traffic and construction nearby - Yields modest versus suburban DAMAC communities Calculator ## Run the numbers Currency AED 2.8M AED 7.2M Gross estimate from typical Business Bay yields; net is lower after service charges (AED 12–25/sq.ft). Off-plan rent applies after handover (~Q4 2027). Monthly rent — Annual income — Gross yield — Payback — ### Get DAMAC Canal Heights 2 units that match this A shortlist with floor plans, payment plan and yield breakdown — to your WhatsApp within the hour. FAQ ## Common questions **How much is an apartment at Canal Heights 2?** One-bedroom apartments start from around AED 2.8M, with 2-bedrooms from roughly AED 3.4M and larger duplexes well above AED 6M depending on floor and canal view. **What yield does Canal Heights 2 give?** Projected gross rental yields are around 5-6%, supported by strong central Business Bay and Downtown-adjacent rental demand. **When does Canal Heights 2 hand over?** Handover is targeted for around Q4 2027 on an 80/20 payment plan with about 20% at booking. **Is DAMAC Canal Heights 2 a good investment?** DAMAC Canal Heights 2 gives about 5-6% gross. Worth it if de GRISOGONO-branded, jewel-inspired design 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 2?** DAMAC Canal Heights 2 is offered on a 80/20, 20% down plan (developer terms, subject to availability). Handover is ~Q4 2027. We confirm the exact schedule and any current incentives per unit on request. **Does DAMAC Canal Heights 2 qualify for the Golden Visa?** Yes — units at DAMAC Canal Heights 2 from AED 2M qualify the buyer for the UAE 10-year Golden Visa, available off-plan. With entry around ~AED 2.8M, most units clear the threshold; we handle the application paperwork. Explore more ## Related pages [Business Bay](https://wizipremium.com/areas/business-bay.html) [DAMAC Lagoons](https://wizipremium.com/areas/damac-lagoons.html) [DAMAC Islands](https://wizipremium.com/projects/damac-islands.html) [DAMAC Hills 2](https://wizipremium.com/projects/damac-hills-2.html) [More by DAMAC](https://wizipremium.com/developers/damac.html) [Off-plan guide](https://wizipremium.com/buy/off-plan-dubai.html) [All Dubai projects →](https://wizipremium.com/projects.html) Get started ## Buy at DAMAC Canal Heights 2 Leave your details — we'll send live availability, floor plans and the full payment plan. 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