Overview

Property Description

An exciting new luxury residential development by DAMAC Properties in Business Bay, Canal Crown will feature two towers with 38 floors. The complex is designed by de GRISOGONO and will be inspired by peridot, with space-like elements. From floors 2 till 35, Canal Crown will house 'luxury' units, while on floors 36 and 37, there will be 'superluxury' units. Studio apartments are available in the ‘luxury’ category, while 3-4 bedroom duplexes are available in the ‘super-luxury’ category. On the podium level, only one townhouse-duplex will be available. Property sizes range from 401 sq. ft. to 4,761 sq. ft. Additionally, DAMAC Properties offers full floors of 7,630 sq. ft. to 13,946 sq. ft. Each property will have a round balcony overlooking the Dubai Water Canal or the famous Burj Khalifa, while duplex owners will also have a walk-in closet in the master bedroom, a maid's room, and a private swimming pool on their balcony. One bedroom properties start at AED 1.99M (USD 542K), a duplex for AED 16.05M (USD 4.37M), and a full floor for AED 21.08M (USD 5.7M). Residence 110 by Select Group offers ready-to-move-in 1–3 bedroom apartments with high-quality finishes in Business Bay. *Prices are valid for 2023 When you buy Canal Crown real estate, you are entitled to either a 2- or a 10-year visa depending on its value. The complex is expected to be completed in Q2 2027. AED 750K (USD 204K) for a 2-year visa and AED 2M (USD 545K) for a 10-year Golden Visa are the prices for these residency schemes. Additionally, you will be able to bring your spouse and children to the UAE, and domestic staff can also obtain a Golden Visa for 10 years. Esaad cards offer a variety of offers and promotions across more than 7,000 brands in the UAE as well as 92 countries around the world as part of this residency type. It is a great investment to buy real estate in Canal Crown for those who wish to use it for a short or long-term rental. Business professionals will have easy access to the airport and business facilities, making an apartment an ideal rental for them. The units will also be in strong demand among tourists who want to stay in a private residence within close proximity to attractions and entertainment venues in the city. AED 58K (USD 16K) per year is the initial rental cost here, so such strong indicators guarantee a lucrative income and a rapid payback. If you acquire a full floor, you can receive a 2% discount and a 1% rebate. For more information, please contact our agents.

Features & Amenities

Location