−22% Photos and renders of the building and grounds — not of this particular unit.
Canal Crown
1 BR · Apartment
About the building
38-storey residential building in Business Bay. Developer — Damac Properties. Architect — Khatib & Alami.
What the building has
- Spa and sauna
- Sports courts
Where it is
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP1-524660
How much is this 1-bedroom apartment in Canal Crown?
Lot NP1-524660 is priced at AED 1 699 000, about $463 000. The listing does not state a size, so no price per square foot is given.
How much has the price of this lot been cut?
The price before the cut was AED 2 175 000; it is now AED 1 699 000 — AED 476 000 less, or 22%.
How does this price compare with other lots in Canal Crown?
The database holds 2 lots in Canal Crown right now, from AED 1 699 000 to AED 2 300 000. 2 of them share this type and bedroom count: this lot is the cheapest.
What are prices like in Business Bay?
The database holds 319 lots in Business Bay. The area median is AED 3 045 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 115 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
The handover date in the listing is Q1 2028. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 67 960 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 301 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Canal Crown?
The building has 38 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
Canal Crown project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-524660 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Canal Crown
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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