Canal Crown

This 2-bedroom apartment at Canal Crown by Damac Properties offers 1,408 sq ft in Business Bay, priced from AED 3,500,000 (about AED 2,486 per sq ft), with handover expected in Q1 2027.

Canal Crown is a 38-storey Damac Properties tower on the Dubai Canal in Business Bay with studios, 1 and 2-bedroom apartments and 3 and 4-bedroom duplexes; sales opened in August 2023. The Dubai Land Department lists it as project 2625 (Galaxy Sky Real Estate Development L.L.C), registered in May 2023 with 327 units: 324 homes (88 studios, 166 one-bedroom, 66 two-bedroom and 4 three-bedroom) and 3 commercial units, with a separate Canal Crown 2 registered as project 2626. Construction stood at 42.15% at the latest DLD inspection on 15 July 2026. Its space-themed facilities include a rooftop observation deck, a planet-themed garden, a UFO-style spa with relaxation pods, a private screening room and a swimming pool with canal and skyline views.

Dubai Mall, Burj Khalifa, Downtown Dubai, DIFC and Sheikh Zayed Road are all a short drive away.

The 2-bedroom, 3-bathroom layout suits couples and small families who want canal views close to Dubai Mall.

What is the payment plan for Canal Crown? A 60/40 plan: 20% on booking, 40% during construction and 40% on handover. Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 2,486 per sq ft, this unit is in line with that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and market at handover.

When will Canal Crown be completed? Our feed lists handover in Q1 2027.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.