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).

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? The Dubai Land Department lists 31 March 2027, matching the Q1 2027 date in our feed, but construction was at 36.41% in August 2026, so a later handover is possible. Confirm with Damac.

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