DAMAC Properties · Business Bay
Canal Crown
- Apartments
- Bedrooms
- On request
- Size
- 230–3,778 sqft
- Payment plan
- On request
- Completion
- 18%
- Available
- On request
- Handover
- 2027-02-28
About Canal Crown
Waterfront Living on Dubai Canal
Canal Crown is a single residential tower of 2 basement plus ground plus 3 podium plus 37 floors plus 2 mechanical levels plus roof, comprising 327 units with retail outlets at podium level, located directly on Dubai Canal in Business Bay. The building has a concrete structure with block construction and combines internal and external finishes designed to reference celestial and gemstone motifs throughout the property.
The project sits among a growing cluster of off plan business bay towers along the waterway, positioning it as one of the newer entries among off plan projects business bay has attracted in recent years. Construction started in August 2023 and is scheduled for completion by February 2027, with the project currently at 18.2 percent completion.
Design Concept and Interiors
The building's design draws on a peridot gemstone theme, carried through the lobby, amenity floors, and facade treatment, with curved forms intended to evoke a celestial atmosphere. The lobby is designed as an immersive entry sequence rather than a conventional reception area, a distinguishing feature versus typical apartments in business bay.
An observatory deck is included as a signature amenity, offering views over Downtown Dubai, the canal, and the coastline beyond. A retail promenade at ground level is planned to house dining and retail brands, extending the building's public realm onto the waterfront.
Amenities and Wellness Features
Canal Crown's amenity program includes a planet-inspired landscaped garden, aqua exercise facilities, and a swim VR feature aimed at buyers looking for apartments for sale in business bay with distinctive wellness offerings rather than standard pool and gym setups.
These features are positioned across the podium and upper amenity levels, supporting the developer's stated intent to differentiate the building within a competitive business bay apartments segment.
Investment Case in Business Bay
Business bay remains one of Dubai's most searched addresses for property investment, combining central location with direct water frontage. Canal Crown's single-building, 327-unit scale and canal-facing position support its case as a business bay property investment for buyers targeting mid to long-term capital appreciation ahead of its 2027 handover.
Buyers considering an off-plan purchase in this location should weigh the project's early construction stage, 18.2 percent completion as of the latest DLD update, against its 2027 delivery timeline and Abu Dhabi Islamic Bank escrow arrangement.
Key highlights
- 327 units across a single 37-storey tower plus podium and mechanical levels
- Direct frontage on Dubai Canal in Business Bay
- Observatory deck with Downtown Dubai and canal views
- Retail promenade and planet-inspired garden at podium level
- Escrow held with Abu Dhabi Islamic Bank
- Handover scheduled for February 2027
Why this project
- Single 42-level tower directly on Dubai Canal in Business Bay with an observatory deck and gemstone-inspired design.
Amenities
- •Observatory deck
- •planet-inspired landscaped garden
- •aqua exercise facilities
- •swim VR
- •retail promenade
- •canal-facing lobby
- •dining and retail outlets
- •podium-level amenities
Location
Business Bay Connectivity
Business bay sits along Sheikh Zayed Road between Downtown Dubai and Dubai Marina, giving Canal Crown residents direct access to the city's main arterial route. The community is served by the Business Bay Metro Station and is within a short drive of Dubai International Airport.
Canal Crown's position directly on Dubai Canal places it within walking distance of the canal-side promenade that links Business Bay to Safa Park and Jumeirah, an amenity corridor that has become a defining feature of the district.
Neighbourhood Character
Business bay is known primarily as Dubai's secondary central business district, mixing commercial towers with residential developments and waterfront leisure space along the canal. The area's identity has shifted over the past decade from an office-led district toward a mixed residential and hospitality destination, which is why the new business bay matters to Dubai's broader downtown expansion.
The immediate surroundings of Business Bay include hotels, F&B outlets, and canal-front walkways, giving Canal Crown residents access to daily conveniences without leaving the community.
Project information
- Developer
- DAMAC Properties
- Location
- Business Bay
- Handover
- 2027-02-28
- Total units
- 327
- RERA Escrow
- Abu Dhabi Islamic Bank
- DLD Project #
- 2625
DLD-verified today
Project intelligence
Live DLD dataReal Dubai Land Department transactions and rent contracts — not developer marketing.
Canal Crown — handover progress
18%Resale at Canal Crown
5 transactions · last 12 months
Business Bay market
2 br · 1,176 sales analyzed
Indicative gross yield
At the starting price of AED 1,120,000, typical rent for a 2 br in Business Bay (AED 125,000/year, ~AED 10,400/month) implies a 11.2% gross yield.
Based on 500 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.
Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.
Frequently asked questions about Canal Crown
Where is Canal Crown located?
Canal Crown is located directly on Dubai Canal within Business Bay, Dubai's mixed-use district adjoining Downtown Dubai along Sheikh Zayed Road.
Who is developing Canal Crown?
The project is developed under the entity Al Khaleej Al Tijari, based on DLD records for the Business Bay community.
How many units does Canal Crown have?
Canal Crown comprises 327 units in a single residential building with retail outlets at podium level.
When is Canal Crown scheduled for handover?
The project began construction in August 2023 and is scheduled for completion by the end of February 2027.
What is the construction status of Canal Crown?
As of the latest DLD update, Canal Crown is 18.2 percent complete and classified as an active, under-construction project.
Is Business Bay a good area for property investment?
Business Bay is one of Dubai's most established mixed-use districts, combining proximity to Downtown Dubai, canal-front leisure space, and metro access, factors that support its ongoing demand among off-plan and secondary market buyers.
What escrow arrangement backs Canal Crown?
Funds for Canal Crown are held in escrow with Abu Dhabi Islamic Bank, as required under Dubai's off-plan sales regulations.
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