Canal Heights Studio Apartment in Business Bay — Below Original Price, 16% Below OP

Canal Heights rises above the Business Bay waterfront as one of Damac’s most recognisable towers, combining canal-facing residences with a bold architectural identity. This studio on a high floor represents a rare secondary-market opportunity — listed at a meaningful discount against its original purchase price, making it one of the sharper entry points available in the building right now.

At 464 square feet, the unit is well-proportioned for a studio and suits an owner-occupier seeking a lock-up-and-leave lifestyle or an investor targeting the strong short and long-term rental demand this corridor consistently produces. The distress pricing narrows the gap between acquisition cost and rental yield from day one.

Unit Features:

— Studio apartment
— 464 sq ft / 43 sq m
— High-floor position
— Premium canal or city view
— Resale, secondary market
— Payment plan available
— Distress deal below original price

Complex Amenities:

— Swimming pool
— State-of-the-art gymnasium
— Concierge services
— Retail and dining at podium level
— Dedicated parking

Architecture & Concept:

Canal Heights is designed as a sculptural waterfront tower with a contemporary glass facade that responds to the canal below. Interiors follow a refined, neutral palette with high-specification finishes throughout. The tower’s vertical profile and setback podium maximise views from the mid and upper floors.

About the Developer:

Damac Properties is one of the UAE’s leading luxury real-estate developers, with a track record spanning two decades and hundreds of delivered projects across Dubai and beyond.

Location & Benefits:

— Business Bay, central Dubai
— Minutes to Downtown Dubai and Burj Khalifa
— Direct access to Sheikh Zayed Road
— Walking distance to the Dubai Canal promenade
— Close to Metro connectivity via Business Bay station
— High-liquidity submarket with consistent transaction volume

Investment Appeal:

— Strong short-term and long-term rental demand in Business Bay
— High-floor canal views command premium rental rates
— Business Bay remains one of Dubai’s most actively traded districts
— Studio format suits the broadest pool of tenants and buyers
— Entry below original purchase price compresses break-even horizon
— Payment plan reduces upfront capital requirement

Frequently Asked Questions:

Q: Is a payment plan still available on this resale unit?
A: Yes, a payment plan is offered on this listing, which is uncommon for secondary-market units and adds further accessibility.

Q: What type of view does the unit have?
A: The unit is positioned on a high floor with a premium view, likely facing the Dubai Canal or the broader Business Bay skyline.

Q: Why is the unit priced below its original purchase price?
A: The seller is in a distress situation requiring a quick exit, which has created a discount against the original purchase price — an entry point that rarely appears in this building.

To find out more or arrange a viewing, use the enquiry form on this page and a specialist will be in touch promptly.