−7% Project name Canal Crown Canal Crown Vera Residence
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
Specifications for Canal Crown per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The pin is placed by project — accurate to the development, not the door.
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 NP8-501085
How much is this 1-bedroom apartment in Project name Canal Crown Canal Crown Vera Residence?
Lot NP8-501085 is priced at AED 1 950 000, about $531 000. The size is 801 sq ft (74 m²), which works out at AED 2 434 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 2 090 000; it is now AED 1 950 000 — AED 140 000 less, or 7%.
Is this expensive or cheap for Business Bay?
The database holds 317 lots in Business Bay. The area median is AED 3 049 per sq ft; this lot, at AED 2 434, is 20% below it. 110 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 Handover Q4 2027. 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 78 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 50 000 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 Project name Canal Crown Canal Crown Vera Residence?
The building has 38 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 NP8-501085 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Project name Canal Crown Canal Crown Vera Residence
Reviews from the English YouTube channel — each one with a written breakdown on this site.
A mortgage covers the final instalment
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
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