DAMAC Properties · Business Bay

Canal Heights

• Apartments

Bedrooms

On request

Size

430–4,676 sqft

Payment plan

On request

Completion

18%

Available

On request

Handover

2026-12-31

About Canal Heights

A Canal-Front Tower in Business Bay

Canal Heights is a single 42-storey residential tower rising 3 basements, ground floor and 3 podium levels, with a mechanical floor, roof and unit roof above the residential floors, positioned directly on the Dubai Canal in Business Bay. The building totals 415 units and includes retail outlets at podium level, placing it among the newer additions to a district that has become one of the most searched submarkets for apartments for sale in business bay.

The tower is developed under the DAMAC brand and designed in collaboration with Swiss jeweller de Grisogono, a partnership that carries through into the interior finishes of the lobby and shared spaces. This positions the project among a small group of branded residential towers along the canal, distinct from the standard stock of business bay apartments built purely as investment product.

Design and Branded Interiors

The building's facade uses a curved, faceted profile intended to catch daylight and reflect artificial lighting at night, a detail the developer ties visually to its sister tower, Canal Heights 2, on the same stretch of waterfront. Lobby interiors use flowing textures, muted pearlescent tones and reflective surfaces referencing the de Grisogono design language rather than a generic hotel-lobby template.

Construction was underway with the project roughly 18% complete as of the latest DLD progress report, with a start date of May 2023 and a scheduled handover at the end of December 2026, giving the development a multi-year runway before completion.

Amenities and Wellness Facilities

Residents have access to a dedicated members' lounge styled as the Elite Stars Club, connected to the tower via a private walkway, along with an on-site Jewellery Café for socialising. A signature amenity is the panoramic rooftop-style pool, marketed as a 'Star Lake', which uses bioluminescent edge lighting for a lit appearance after dark.

A beauty salon within the building is themed around calming, jewel-toned interiors, and the retail component at ground and podium level adds day-to-day convenience without residents needing to leave the building.

Investment Case in Business Bay

Business bay property investment interest has been sustained by the district's central location between Downtown Dubai and Sheikh Zayed Road, and canal-facing towers such as this one typically command a premium over inland stock in the same community. With 415 units in a single tower and handover set for late 2026, the project offers a comparatively contained supply pipeline relative to some of the larger multi-building launches nearby.

Buyers considering an off plan business bay purchase should note that DAMAC's escrow account for the project is held with Emirates NBD, a standard structure for regulated off-plan sales in Dubai.

Key highlights

• 415 units across a single 42-storey tower on the Dubai Canal
• Interiors designed in collaboration with de Grisogono
• Rooftop-style 'Star Lake' pool with bioluminescent lighting
• Under construction, roughly 18% complete as of latest DLD update
• Escrow held with Emirates NBD Bank
• Handover scheduled for Q4 2026

Why this project

• Single 42-storey canal-front tower in Business Bay with de Grisogono-designed interiors and a bioluminescent rooftop pool.

Amenities

• •Panoramic Star Lake pool with bioluminescent edges
• •Elite Stars Club members' lounge
• •private walkway to club
• •Jewellery Café
• •beauty salon
• •retail outlets at podium level
• •de Grisogono-designed lobby
• •canal-facing residences
• •podium-level retail

Location

Business Bay Waterfront Position

The tower sits directly on the Dubai Canal within Business Bay, surrounded by other high-rise residential and hotel towers that have defined the area's skyline over the past decade. This canal-front stretch places residents within walking distance of promenade paths that run along the water toward Downtown Dubai.

Business Bay itself is one of Dubai's most established mixed-use districts, known for its concentration of office towers, hotels and residential high-rises just south of Downtown, and remains one of the most searched terms in Dubai property, reflecting steady demand from both investors and end users.

Access and Surroundings

The building is within reach of Sheikh Zayed Road, giving direct access to Downtown Dubai, DIFC and Dubai Marina without needing to cross into secondary road networks. Nearby stretches of the canal host walking and cycling tracks, cafes and other branded residential towers, keeping the immediate surroundings dense with amenities rather than open plots.