DAMAC «Canal Crown 2 – Altitude de Grisogono» 2BR Apartment in Business Bay

Two-bedroom apartment, 1,292 sq ft, Canal Crown 2 – Altitude de Grisogono, Business Bay — a branded asset on the Dubai Canal with strong investment fundamentals

This 1,292 sq ft two-bedroom apartment in Canal Crown 2 – Altitude de Grisogono is a compelling entry point for investors looking to buy property in Dubai at the construction stage within one of the city’s most active rental markets. Business Bay consistently attracts corporate tenants, short-stay visitors and high-income residents — a combination that drives both occupancy rates and rental premiums. The de Grisogono branding lifts this project well above standard residential towers in the area, which translates into better pricing power both at resale and on the rental market.

Apartment highlights

— two fully separated bedrooms suited for families or professional co-tenants;
— open-plan living and dining area with generous proportions;
— floor-to-ceiling glazing framing views of Dubai Canal and Burj Khalifa;
— 43-storey tower with unobstructed sightlines across the canal corridor;
— a format that appeals equally to long-term tenants and short-term rental platforms.

Canal Crown 2 – Altitude de Grisogono amenities:
— infinity pool with solar-powered sun loungers;
— floating spa capsules — a genuinely rare amenity in the Dubai market;
— a planetary garden — a landscaped concept space unlike anything standard in the segment;
— glowing spheres and signature de Grisogono artistic installations;
— an on-site beauty bar;
— statement lobby and communal areas designed in the jewellery house’s signature aesthetic.

Architecture and concept

The tower is the result of a creative collaboration between Damac and luxury jewellery house de Grisogono. Rising 43 floors above the Dubai Canal waterfront, it is crowned by a reflective sculptural crown — a deliberate architectural landmark visible from across Business Bay. The de Grisogono aesthetic runs through the project from the façade geometry to the interior volumes, drawing on the brand’s signature interplay of brilliance and depth.

About the developer

Damac Properties is one of the largest private real estate developers in the Middle East, with a broad portfolio spanning the UAE, the UK and beyond. The company has an established track record in luxury and ultra-premium residential development.

Payment plan

A phased payment structure is in place:
— 20% + 4% DLD fee — on booking;
— 40% — during construction (1% per month over 36 months);
— 9% — in three milestone payments of 3% each at months 6, 14 and 26 from booking;
— 40% — on handover.
Completion is scheduled for 2028.

Location — Business Bay, Dubai Canal waterfront

— 5–7 minutes to Dubai Mall and Burj Khalifa;
— 5 minutes to DIFC;
— 10 minutes to Dubai International Airport;
— 25 minutes to Dubai Marina and Palm Jumeirah.

Frequently asked questions

Why is a two-bedroom in Business Bay a strong rental investment?
— Business Bay is one of Dubai’s top-performing rental submarkets, drawing demand from corporate professionals, expat families and short-term visitors alike. Branded residences in the area consistently command a rental premium over non-branded stock of comparable size.

What is the resale upside by the 2028 handover?
— Entry at the construction stage in a branded project in a central district like Business Bay has historically delivered meaningful appreciation by the time keys are handed over. The de Grisogono label adds a positioning advantage that standard new-builds in the area cannot replicate.

How practical is the payment plan for an investor managing multiple assets?
— The structure is designed to avoid large single outflows. The 40% construction tranche is broken into monthly 1% increments over 36 months, with three small milestone payments at fixed intervals. This makes cash-flow planning straightforward alongside other investments.

Can the apartment be resold before completion?
— Damac projects generally allow resale (assignment) during the construction period once a defined threshold of payments has been made. The exact terms are set out in the purchase agreement and can be confirmed at signing.

Does buying this apartment qualify a foreign national for a UAE residency visa?
— UAE property purchases above the relevant threshold can qualify the buyer for a property investor visa. As a non-resident, all you need to complete the purchase is a valid passport — no UAE residency is required to buy.

Enquire via the form on this page to receive current pricing, available floors and a detailed investment breakdown for this two-bedroom apartment in Canal Crown 2 – Altitude de Grisogono, Business Bay.