# DAMAC Canal Heights Dubai — Apartments for Sale | WIZI PREMIUM > Buy at DAMAC Canal Heights by de GRISOGONO: branded canal-side apartments in Business Bay from ~AED 1.25M. Prices, payment plan, yields. RERA deal. > Canonical (HTML): https://wizipremium.com/projects/damac-canal-heights.html > Markdown twin generated from the live page content. Date: 2026-09-16 --- 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 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 actually sold for 17 home 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 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 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 AED 1.25M AED 3.4M 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 — ### Get DAMAC Canal Heights 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?** 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. 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 Leave your details — we'll send live availability, floor plans and the full payment plan. Free; we reply within an hour.