Overview

Property Description

DAMAC Properties and De Grisogono have collaborated to develop Canal Heights, a luxury residential development located in Business Bay. This sleek complex features 376 branded studios and 1-2 bedroom apartments with chic interiors and spacious floor plans that resemble a blue pearl. It is possible to enjoy a breathtaking view of the Dubai Water Canal from the comfort of your own home when living in Canal Heights. The property sizes range from 427 sq. ft. to 1,559 sq. ft, with a floor-to-ceiling height of 11 ft. There are also full floors on offer with a total area ranging between 5,915 sq. ft and 8,876 sq. ft. Homeowners can enjoy privacy and comfort from a private balcony in each property. A 1-bedroom unit in Canal Heights costs a minimum of AED 1.25M (USD 340K). A full floor unit costs AED 18.22M (USD 4.96M). In Business Bay, The Sterling by OMNIYAT offers stylish studios, apartments, lofts, penthouses, townhouses and garden units. *Prices are valid for 2023 At the intersection of Marasi Dr and Al Asayel St, Canal Heights is nestled by the Dubai Water Canal, providing a convenient commute around the rest of the emirate. Within a 20-minute drive, you can reach Dubai Marina, Dubai International Airport, and Palm Jumeirah, among many other destinations. A well-developed public transportation system surrounds the complex, with Bay Square 2 and Bay Square 1 located within walking distance. Canal Heights is scheduled for completion in Q2 2027. The development is off-plan, but you can take advantage of a lucrative payment plan, which our real estate agents will gladly explain to you. A 2% discount is provided to buyers of full floor units. According to Property Finder, 1-bedroom apartments in Business Bay generate a gross ROI of 6.3% on average, as of Q1 2023, which makes Canal Heights real estate an ideal candidate for a subsequent lease. AED 60K (USD 16K) is the starting rental price here. If you don't want to take on landlord responsibilities yourself, you should consider our property management service. AED 750,000 (USD 204,000) in Canal Heights property will qualify you for a 2-year visa. AED 2,000,000 (USD 545,000) in Canal Heights property grants you a 10-year visa.

Features & Amenities

Location