DAMAC «Canal Heights» Studio Apartment in Business Bay — Water View, Below Original Price

A distress-deal studio in DAMAC Canal Heights, Business Bay, is now available on the resale market at a price below its original purchase figure — a genuine entry window into one of Dubai’s most sought-after waterfront addresses

The unit is off-plan, with handover scheduled for Q4 2027, making it equally suited to investors targeting capital appreciation ahead of completion and end-users who want to secure a premium address before handover at a reduced cost.

Unit Features

– Studio apartment
– 463 ft² / 43 m²
– 1 bathroom
– Off-plan, pre-handover
– Premium finishes, light colour scheme
– Canal view
– Distress deal, below original purchase price

Complex Amenities

– Swimming pool
– Fitness centre
– Relaxation and barbecue areas
– Children’s playgrounds
– Underground parking
– Concierge services
– 24/7 security

Architecture & Concept

Canal Heights rises across ground level, three podium floors, 43 residential storeys, and a rooftop. The design follows a modern architectural language with refined detailing and high-quality construction throughout. Interiors use light colour palettes and premium materials to maximise the sense of space and deliver a sophisticated living environment.

About the Developer

DAMAC Properties is one of the UAE’s leading luxury real-estate developers, with a long track record of delivering high-specification residential and mixed-use projects across Dubai and internationally.

Location & Benefits

– Business Bay, central Dubai
– Dubai Mall approximately 5 minutes away
– Jumeirah Beach and Burj Al Arab within 15 minutes
– Dubai Marina and Palm Jumeirah around 25 minutes by car
– Business Bay Canal promenade within walking distance
– Surrounded by offices, retail, fine dining, and cafes
– High connectivity to Sheikh Zayed Road and key arterials

Investment Appeal

– Strong rental demand from professionals and corporates in Business Bay
– High unit liquidity in one of Dubai’s most active transaction districts
– Capital appreciation potential through to Q4 2027 handover
– Entry priced below the original purchase price — immediate built-in value

Frequently Asked Questions

Q: When is the handover date for this unit?
A: Handover is scheduled for Q4 2027.

Q: Why is this considered a distress deal?
A: The seller is listing below the original purchase price, offering buyers a direct cost advantage over buying at the current market rate.

Q: Is this unit suitable for rental investment after handover?
A: Yes. Business Bay studios command consistent rental demand from corporate tenants and professionals, supporting strong occupancy and yield prospects.

To find out more or to arrange further details, please use the enquiry form on this page.