DAMAC Properties · Business Bay

Canal Heights 2

• Apartments
• Penthouses

Bedrooms

Studio–4 BR

Size

430–4,676 sqft

Payment plan

On request

Completion

18%

Available

On request

Handover

2027-03-31

About Canal Heights 2

Canal Heights 2 in Business Bay

Canal Heights 2 rises alongside its predecessor along the Dubai Canal frontage of Business Bay, one of the most searched submarkets for apartments for sale in Business Bay. The tower sits within the district's cluster of high-rises, hotels and waterside promenades that define the area's skyline.

Developed by DAMAC Properties, the single tower comprises ground plus 43 floors above three podium levels and two mechanical/roof levels, with 505 units in total. Construction started in June 2023 and the project was around 18% complete at the latest reporting date, with handover scheduled for March 2027.

Design and de GRISOGONO Collaboration

Canal Heights 2 continues the curved facade language of the first tower and carries a design collaboration with Swiss jeweller de GRISOGONO, referenced throughout the building's interior finishes, lobby and amenity spaces. The brochure describes the tower's exterior as capturing the character of blue topaz, with a facade intended to catch light differently through the day and into the night.

Interiors extend the jewellery theme into shared spaces, including a lobby finished with layered, reflective surfaces, and a beauty salon area conceived around the same blue topaz motif.

Amenities and Wellness Facilities

The amenity offering includes an infinity pool branded 'Starlit Lake', an elite social club referenced as the VIP Star Club, and a dedicated fine-dining concept described in the brochure as the Jewel Restaurant. A landscaped walkway connects amenity zones across the podium levels.

Additional facilities include organic food and beverage service points themed around colours associated with the developer's flagship projects, plus a spa and beauty salon offering treatments framed around rejuvenation and relaxation.

Unit Mix and Floor Plans

Canal Heights 2 offers studios, 1, 2, 3 and 4-bedroom apartments, with the largest configurations delivered as super-luxury duplexes on the upper floors (floors 41 to 44). Studio and 1-bedroom layouts are spread across low, mid and high floor bands, with matched mirror ('M') layout variants offered on many floor plates.

Three and 4-bedroom duplex penthouses occupy the top of the tower, spanning two floors each, positioning these as the building's flagship residences.

Investment Case for Business Bay

Business Bay remains one of Dubai's highest-volume search markets for off-plan business bay opportunities, and Canal Heights 2 benefits from direct proximity to Dubai Canal frontage within this established financial district. Buyers considering off plan opportunities in the area can review DAMAC Properties' track record, having delivered around 42,000 units since 2002 with a further 28,000-plus in various stages of planning and development globally.

For investors and end users targeting long-term residency options, off-plan purchases in Dubai above the standard investment threshold can also support eligibility under the UAE's Golden Visa programme.

Key highlights

• 505 units across a single G+43-storey tower in Business Bay
• Design collaboration with Swiss jeweller de GRISOGONO
• Studios to 4-bedroom duplex penthouses on the top floors
• Handover scheduled for March 2027
• Developed by DAMAC Properties, delivered by Emirates NBD escrow

Why this project

• de GRISOGONO-designed tower on the Dubai Canal in Business Bay, 505 units across studio to 4-bedroom duplex penthouses

Amenities

• •Infinity pool (Starlit Lake)
• •VIP social club
• •fine-dining restaurant
• •landscaped walkway
• •spa and beauty salon
• •organic food and beverage outlets
• •canal-front podium
• •lobby lounge
• •retail and commercial units

Location

Business Bay Connectivity

Canal Heights 2 sits within Business Bay, Dubai's commercial and residential district built around the Dubai Canal, close to Downtown Dubai and Sheikh Zayed Road. The surrounding area is characterised by dense high-rise development, retail podiums and canal-front walkways.

The district's position along the canal and its concentration of office towers, hotels and residential buildings make it a consistently high-demand address for both business bay apartments and short commutes into Downtown Dubai and DIFC.