Canal Heights 2
Canal Heights 2 Offered by Buy Dubai Off-Plan
Canal Heights 2

Canal Heights 2

by DAMAC in Business Bay View on map Handover soon

Starting price
AED 1,230,000
Payment plan
50/50
Handover
Q3 2027

≈ € 295,000

Project details

Starting price AED 1,230,000 ≈ € 295,000 What will my monthly payments be?
Payment plan 50/50 50% during construction, 50% at handover
Handover Q3 2027 Handover soon
Bedrooms Studio3
Property type
Apartment, Duplex
Floor area
41 to 202 m²
Developer
DAMAC
Location
Business Bay
Project brochure
Free, with no obligation

The Canal Heights 2 brochure

Download the brochure for Damac Canal Heights 2 van Damac Properties in Business Bay for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Canal Heights 2

  • Premium waterfront residences with iconic architecture

  • Views of the Burj Khalifa and Dubai Canal

  • Exclusive amenities including the Elite Stars Club and Jewellery Café

  • Advantageously located in Business Bay, close to business and cultural hotspots

  • Flexible payment plan with 50% during construction and 50% on completion

Canal Heights 2 at Business Bay (Dubai): Luxury homes by Damac

Damac Canal Heights 2 is a prestigious off-plan property project in the heart of Business Bay, Dubai. This high-end residential complex offers a unique blend of modern architecture and a refined lifestyle, designed by the renowned developer Damac Properties. The project encompasses a wide range of living options, from compact studios to spacious three and four-bedroom duplex apartments, suitable for both individual investors and families. The residences range in size from 40.51 m2 to 202.44 m2, with prices starting from AED 1,230,000. Completion is scheduled for the third quarter of 2027. What truly sets this project apart is its ideal location in one of Dubai’s most dynamic districts, with easy access to top attractions such as the Burj Khalifa, Dubai Mall, and Dubai Opera. Furthermore, the building offers exclusive amenities like the Elite Stars Club and the chic Jewellery Café, which underscore a luxurious lifestyle.

Residences and Types

Damac Canal Heights 2 offers a diverse selection of living spaces, perfectly tailored to different needs and budgets. The smallest options are the studios, ideal for singles or young couples seeking a stylish home in the centre of Dubai. There are also one and two-bedroom apartments, suitable for small families or professionals desiring more space. For those seeking ultimate luxury and space, there are three and four-bedroom duplex apartments. These residences offer not only extra privacy but also a higher degree of comfort and exclusivity. All units feature high-quality finishes and modern amenities, with an emphasis on functionality and aesthetics. The sizes range from 40.51 m2 for the studios to 202.44 m2 for the largest duplexes, ensuring there is a suitable option for every investor.

About the developer Damac and the Canal Heights 2 design

The design of Damac Canal Heights 2 is a masterpiece of modern architecture, featuring dynamic, curved lines and a refined appearance. The building stands out due to its unique facade and high-quality materials, which exude a sense of luxury and class. Damac Properties, the developer behind this project, is known for its innovative and high-quality real estate projects in Dubai and beyond. The company has built a strong reputation with iconic developments that always meet the highest standards. For Canal Heights 2, Damac has once again opted for a thoughtful design that makes optimal use of its waterfront location. The building boasts a wide range of communal facilities, including a fitness centre, swimming pool, and beautifully landscaped walking paths. Additionally, it offers exclusive concepts such as the Elite Stars Club, where residents can enjoy a social and luxurious lifestyle.

Prime location in Business Bay (Dubai) near key Dubai destinations

The location of Damac Canal Heights 2 in Business Bay is one of the project’s greatest assets. Business Bay is a vibrant district in Dubai, known for its business dynamism and cultural richness. The project is located just an eight-minute drive from the Burj Khalifa and a nine-minute drive from The Dubai Mall, two of the city’s most iconic destinations. The Dubai International Financial Centre (DIFC) and Dubai Opera are also approximately a ten-minute drive away, making it an ideal place for both business people and culture enthusiasts. Furthermore, Dubai International Airport is reachable within fifteen minutes, making the project additionally attractive to international investors. The immediate surroundings offer numerous opportunities for shopping, dining, and entertainment, while the tranquil waterfront location ensures a balanced lifestyle.

Flexible payment plan for Canal Heights 2 homes

The payment plan for Damac Canal Heights 2 is specifically designed to offer investors flexibility and security. The plan is divided into two main phases: 50% of the purchase price is paid during the construction phase, while the remaining 50% is due upon the project’s final completion. This structure allows payments to be spread over a longer period, reducing financial pressure. The payment plan is transparent and offers sufficient security, making it an attractive option for both private and professional investors.

Amenities

Payment plan for Canal Heights 2

50%50%
50%
During construction, in instalments
AED 615,000
≈ € 148,000
50%
After handover
AED 615,000
≈ € 148,000

Monthly payments and your own funds

How much do you need for Canal Heights 2, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 3,112

≈ € 750 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 615,000≈ € 147,600
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 615,000≈ € 147,600
Purchase costs4% DLD fee and mortgage costs
AED 57,758≈ € 13,900
Total funds required
AED 672,758≈ € 161,500
Request finance guidance for Canal Heights 2
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Canal Heights 2

Location

Business Bay, Dubai Burj Khalifa: 08 minutes (car) · Dubai International Airport: 15 minutes (car)
Open in Google Maps

Travel times from Canal Heights 2

  • Burj Khalifa: 08 minutes (car)
  • Dubai International Airport: 15 minutes (car)
  • Dubai International Financial Centre (DIFC): 10 minutes (car)
  • Dubai Opera: 10 minutes (car)
  • The Dubai Mall: 09 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.