−27% Canal Heights
2 BR · Apartment · 3 bathrooms
Price history
Listed since 20 October 2026. The price has been cut once — dates and figures from the listing itself.
- 22 October 2026 AED 5 950 000
- 30 October 2026 AED 4 350 000 -27%
About the building
49-storey residential building in Business Bay. Developer — Damac Properties. Architect — VX Studio Consultancy.
What the building has
- Swimming pool
- Restaurants
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 NP4-572240
How much is this 2-bedroom apartment in Canal Heights?
Lot NP4-572240 is priced at AED 4 350 000, about $1 184 000. The size is 1 409 sq ft (131 m²), which works out at AED 3 087 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 5 950 000 to AED 4 350 000: AED 1 600 000 less, or 27%. It was cut once. On the market since 20 October 2026.
How does this price compare with other lots in Canal Heights?
The database holds 8 lots in Canal Heights right now, from AED 1 060 000 to AED 4 350 000. At AED 3 087 per sq ft this lot is 14% above the median for the other lots in the project (AED 2 707).
Is this expensive or cheap for Business Bay?
The database holds 387 lots in Business Bay. The area median is AED 2 869 per sq ft; this lot, at AED 3 087, is 8% above it. 128 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?
According to the listing, the property is still under construction; the seller gives no handover date — I will confirm it with the developer when you ask.
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 174 000 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, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 4 350 000. 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 Heights?
The building has 49 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 3.
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 NP4-572240 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Canal Heights
Reviews from the English YouTube channel — each one with a written breakdown on this site.
More in this building
Nearby in Business Bay
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram