CANAL HEIGHTS 2

FEATURES & AMENITIES

Shared Swimming Pool

Gym

Children'S Play Area

Restaurant

Supermarket

CANAL HEIGHTS 2 IN DUBAI

Properties for sale in Canal Heights 2 will be found on the Dubai Canal waterfront. The 44-story urban-style residential tower will be located amidst magnificent skyscrapers and luxury hotels in Business Bay, a buzzing financial district.

Apartments in Canal Heights 2 for investment and living will be a great option available even to foreigners who can have full private ownership rights, too.

In Canal Heights 2, prices from the developer are currently relatively low. The cheapest studio sells for AED 1.29 million (USD 351,000), a 1-bedroom apartment costs upwards of AED 1.81 million (USD 493,000), while 2-bedroom residences are worth AED 3.4 million (USD 926,000) or more. 3-bedroom duplexes are priced at AED 5.65 million (USD 1.53 million). For AED 18 million (USD 4.9 million), investors can buy an entire floor in the new building for rent or subsequent resale.

Installment plans are available to buyers wanting to pay for their purchase gradually as the construction progresses, with 20% of the value transferred after the complex’s commissioning.

LOCATION

One of the most popular and prestigious areas of Dubai, Business Bay is a district where property ownership is allowed for foreigners without UAE residency.

Most high-rise residential complexes provide various amenities, such as gyms, swimming pools, playgrounds for children, etc. Residents can quickly access shopping malls, supermarkets, restaurants, and cafes, as well as iconic destinations like the Dubai Opera and the Dubai International Airport.

Savvy businesspeople can consider property for investment in Canal Heights 2 or another opulent residential complex in this vibrant community. Once the construction is completed, prices are sure to increase. Investors purchasing a full floor are eligible for an additional 2% discount.

Due to the complex’s convenient location in the heart of Dubai, local properties will have good liquidity and enjoy a high demand among tenants. The rent on apartments in this community starts at AED 60,000 (USD 16,000) per year. In Q1 2023, an average 1-bedroom apartment generated 6.3% annually.

APARTMENTS IN CANAL HEIGHTS II

The new building will comprise various property types:

A studio in Canal Heights 2 has a floor area of 40 m², while the minimum area of a 3-bedroom duplex is 202 m².

The key feature of all local residences is a spacious balcony and a large bathroom with an exquisite design.

The studios and apartments for sale in Canal Heights 2 have open-plan kitchens with a breakfast bar or a kitchen island. The living room and dining room share the same space.

The 3- and 4-bedroom duplexes have 2 floors, each with a large balcony. The first-floor balcony includes a private pool with a waterside seating area. These homes have 2 kitchens with the entrances close to each other: an enclosed kitchen for cooking and an open-plan one for serving meals. There will also be a room for domestic staff in the duplexes.

PRIVILEGES

A vital feature in off-plan projects, in Canal Heights 2 specifically, is the luxurious interiors, in this case designed by the upscale jewelry brand de Grisogono.

The podium of the residential complex will feature a large outdoor terrace with the following amenities:

The complex's ground floor will have a large lobby with an exquisite beige, blue, and gold design. There will be a luxurious glossy marble floor, decorative mirrors, elegant chandeliers, and designer upholstered furniture for guests and residents.

CANAL HEIGHTS 2 BY DAMAC PROPERTIES

anal Heights 2 Dubai is an exclusive project created by Dubai's largest developer DAMAC and the fashion brand de Grisogono. The complex's residents will therefore be able to enjoy the luxurious interior design not only in the public spaces but also in their homes that will be decorated with marble, round and oval mirrors, glass chandeliers and sconces, decorative elements and sanitary ware in golden colors, and luxurious furniture perfectly aligned with the general style.

Another major advantage of the new residential project is the rooftop relaxation area with magnificent panoramic views of Downtown, an infinity pool, and a fresh bar. According to the developer's plan, the construction will be completed in September 2027. The residential complex is currently at the initial stage of construction, which is the most suitable time to buy apartments in Canal Heights 2 for investment at a discount from the developer.

FEATURES & AMENITIES

CONVENIENCE OF LIVING AT CANAL HEIGHTS 2

Business Bay is a multi-purpose district with residential, commercial, and hotel complexes, as well as retail and entertainment venues. It stretches along the Dubai Canal and has a long promenade, a yacht club, and several ferry berths. A well-developed public transport system, a metro station, and wide roads increase its capacity during the rush hours. The community includes the Bay Avenue Mall, several public parks, cafes, bars, and restaurants.

AVERAGE PRICES

SizePrice
1 Bedroom View OptionsFrom 0.45M To 3MAvg. AED 2M
2 BedroomView OptionsFrom 0.68M To 22MAvg. AED 9M
3 BedroomView OptionsFrom 1M To 24MAvg. AED 12M
4 BedroomView OptionsFrom 0.48M To 100MAvg. AED 27M
5 BedroomView OptionsFrom 3M To 125MAvg. AED 48M
6 BedroomView OptionsFrom 40M Avg. AED 40M
7 BedroomView OptionsFrom 19M To 37MAvg. AED 28M

PAYMENT PLAN

Installment: 1

20%

PURCHASE DATE

Installment: 2

60%

DURING 4 YEARS AFTER PURCHASE

Installment: 3

20%

ON COMPLETION

ATMOSPHERE AT CANAL HEIGHTS 2

Off-plan apartments in Canal Heights 2 are an excellent option for those who prefer an active and eventful life in the metropolis. The residential complex is located just a few minutes' drive from Downtown. Its residents will have convenient and quick access to all the urban critical facilities, including the emirate’s largest shopping mall, a dancing fountain, a promenade and a park on Palm Jumeirah, an Olympic-sized ice rink, and other popular destinations. Numerous outdoor and indoor lounge areas, a shimmering infinity pool with seating areas and stunning views of the city center, a luxurious beauty salon, a cozy cafe with a designer interior by de Grisogono, floor-to-ceiling windows, and many other premium amenities will make your stay in the complex as comfortable as possible.

Year of foundation

2002

Main office

Dubai

Number of employees

1600

Estimated cost

$1.660 billion

LOCATION

SCHOOLS NEARBY

GEMS Our Own Indian School

Al Quoz, Dubai, United Arab Emirates Distance: 2.25 km

JSS PRIVATE SCHOOL LLC

Near Gulf News Office, Near Safa Park Distance: 2.72 km

Jumeirah English Speaking School

Jumeirah Safa, Dubai United Arab Emirates Distance: 3.54 km

Hartland International School

Nad Al Sheba, Mohammed Bin Rashid Al Maktoum City Distance: 2.58 km

Horizon English School

Al Wasl Rd, Dubai, United Arab Emirates Distance: 2.99 km

FREQUENTLY ASKED QUESTIONS & ANSWERS

Studios, conventional 1- and 2-bedroom apartments, and premium 3- and 4-bedroom duplexes are available.

The developer of Canal Heights 2 is Damac Properties.

Canal Heights 2 is located in Business Bay, one of the most popular and prestigious areas of Dubai.

Foreigners can buy real estate in Canal Heights II and have private ownership rights.

20% of the total value is paid after the residential complex is commissioned

Property ownership does not automatically grant you residency. However, Dubai does offer an investor visa, which allows real estate buyers to become residents in the UAE.

The upscale residential complex co-designed by de Grisogono is an excellent option for buy-to-live and buy-to-rent properties.

The construction will be completed in September 2027.

Despite the downsides of possible traffic, noise, and a high cost of living, the advantages of living in Business Bay are far more numerous and include a central location, modern infrastructure, a sumptuous lifestyle, proximity to Downtown, business opportunities, public transportation, etc.

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