3BR Apartment in Canal Heights 2, Business Bay

This 3-bedroom apartment at Canal Heights 2 by Damac Properties offers 3,097 sq ft on the Dubai Canal in Business Bay, priced from AED 12,808,000 (about AED 4,136 per sq ft), with handover expected in Q1 2027.

Canal Heights 2 is a Damac Properties residential building on the Dubai Canal in Business Bay, the follow-up to Damac's de GRISOGONO-designed Canal Heights; sales opened in June 2023. The Dubai Land Department lists it as project 2615 (Resta Real Estate Development L.L.C), registered in March 2023 with 505 units: 501 homes (262 studios, 171 one-bedroom, 55 two-bedroom, 11 three-bedroom and 2 four-bedroom) and 4 commercial units. Construction stood at 36.41% at the latest DLD inspection on 14 August 2026. Homes include apartments and duplexes with canal views, and 3-bedroom apartments of about 3,095 to 3,357 sq ft. Facilities include a shared pool, a gym and health club, a kids' play area, landscaped walkways, a Starlight Club, restaurants and boutiques.

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

The 3-bedroom layout suits families who want a very large canal-view apartment minutes from Dubai Mall.

What is the payment plan for Canal Heights 2? 20% on booking, 60% during construction and 20% 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 4,136 per sq ft, this unit is around 70% above 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 Heights 2 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.