Canal Heights
Damac Reawakens Canal Heights, the successor of the Chic Tower, for you. Canal Heights is a dazzling, glistening property close to the Dubai Canal, where you will feel entirely at home. You will be surrounded by other fashionable high-rises and…
Project Overview
Damac Reawakens Canal Heights, the successor of the Chic Tower, for you. Canal Heights is a dazzling, glistening property close to the Dubai Canal, where you will feel entirely at home. You will be surrounded by other fashionable high-rises and close to everything in Dubai due to your location in the bustling financial district of Business Bay. Select from a variety of deluxe Studios, one-bedroom, and two-bedroom apartments. Inspired by Master Jeweler De Grisogono, the iridescent and dazzling interiors are a true blue pearl masterpiece.
Project Highlights
Majestic studios, one and two bedroom designer apartments, Unique water feature amenities, Stunning canal and downtown views, 80/20 Payment Plan, Starting Price AED 1.2M, Prime location in Dubai, Extravagant and sparkling interiors inspired by underwater pearl elements
Project Details
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Amenities
Canal Heights offers an exceptional array of world-class amenities designed to enhance every aspect of modern living.
- Plunge into luxury with a wide selection of incredible amenities This gorgeous residence is a beautiful jewel of lively living
- tranquillity
- enjoyment
- and a great sense of wellness.
Payment Plan
Location & Connectivity
Canal Heights is in Business Bays’ vibrant financial district, surrounded by other stylish high-rises, modern apartment buildings, and popular hotels. This property is located in the center of Dubai, with easy access to the city’s critical attractions via numerous transportation links.
About Business Bay
Business Bay sits right at the centre of Dubai, running along the Dubai Canal with Downtown and the Burj Khalifa just a few minutes up the road. What started out as the city’s answer to Manhattan has grown into something more interesting: a proper neighbourhood…
Visit Business Bay PageInvestment Potential
This off-plan project presents strong investment potential across the UAE, with projected rental yields of 6–8%, long-term capital appreciation, and growing demand from both residents and international investors.
Market Context
- UAE off-plan properties continue to attract strong local and international investor demand.
- Selected communities may offer rental yields of around 6–8%, depending on location and unit type.
- Buyers may benefit from 10–15% potential price growth by handover in high-demand areas.
- Properties from AED 2 million may qualify for UAE Golden Visa eligibility, subject to regulations.
Flexible Financing Options
- Low Down Payment
- Developer Payment Plans
- Post-Handover Plans
- Mortgage Assistance
- Interest-Free Installments
- Resident & Non-Resident Financing
About the Developer
Damac Properties
Explore the world of DAMAC Properties, one of Dubai’s most recognised private real estate developers, known for shaping luxury communities, branded residences, and lifestyle-driven destinations across the UAE and international markets. Since 2002, DAMAC has delivered tens of thousands of homes and built a reputation for bold design, glamour, and…
View Developer Profile
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Frequently Asked Questions
Off-plan property is a unit purchased directly from the developer before or during construction, typically at a lower entry price and with flexible, milestone-based payment plans.
No. Our service is completely free for buyers — we are compensated by the developer. You only pay the standard property costs, such as the 4% DLD registration fee.
Yes. Foreign nationals can buy freehold property with 100% ownership in Dubai's designated freehold areas, with no residency requirement.
A payment plan splits the property price into instalments — usually a down payment on booking, staged payments during construction, and a final amount on handover.
The Golden Visa is a long-term, renewable UAE residency (up to 10 years). A property investment of AED 2 million or more typically qualifies the owner to apply.
Both residents and non-residents can obtain mortgages from UAE banks, generally financing 50–80% of the value depending on status. Our team can connect you with mortgage advisors.
Dubai off-plan typically delivers strong returns — rental yields of around 6–8% plus notable capital appreciation by handover, varying by location and project.
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