Canal Heights

Media: DAMAC Properties
Price from
AED 3,538,000
Handover
Q2 2027 / June 2027 (DAMAC + Property Finder) — can slip; reconfirm SPA
Status
On sale
Construction
under construction
Developer
DAMAC
Area
Business Bay

Canal Heights is a Business Bay canal-side tower by DAMAC, marketed with de GRISOGONO branding and studios through two-bedroom homes. [1] Property Finder prints a starting figure near AED 3.54M and a Q2 2027 delivery band; DAMAC’s own page also targets Q2 2027. [2] [1] Buyer-side research only — freeze price and instalments on the SPA. How we work: Method.

Who it’s for

Buyers shortlisting Business Bay canal towers who will lock unit ID, finish scope and dated SPA cash-flow before paying a booking fee. [1]

Who it’s not for

People hunting low entry price bands under AED 2M, villa product, or anyone treating the portal starting price as a guaranteed studio or 1BR quote without SPA net area. [2]

Facts snapshot

  • Developer — DAMAC Properties (high) [1] [2]
  • Brand partner (marketing) — de GRISOGONO (med) [1]
  • District — Business Bay / Dubai Canal edge (high) [1]
  • Form — one tower; studio to 2BR marketed (high) [1]
  • Buildings (portal)1 (med) [2]
  • Build stage (portal) — under construction; progress about 23.61% as of 27 Dec 2025 (med) [2]
  • PF availability — available (med) [2]
  • Starting price (portal) — ~AED 3,538,000 / launch 3.5M (med) [2]
  • DAMAC price card — not fully loaded on public capture (unknown) [1]
  • Payment (portal)20% / 60% / 20% (med) [2]
  • DAMAC payment graphic — partial “1%” label only on capture (low) [1]
  • Handover — DAMAC Q2 2027 · PF June / Q2 2027 (med — can slip) [1] [2]
  • RERA / escrow — not locked (unknown)

Gaps: unit count, floor stack, SPA net areas, full DAMAC AED ladder, service-charge schedule.

Apartment product shape

Canal Heights sits on the Business Bay canal corridor as a branded high-rise. DAMAC markets studios and 1–2 bedroom apartments. [1]

Property Finder lists one building and reports construction progress of about 23.61% as of 27 December 2025. [2] Public size cards are thin on capture — treat the portal starting price as a project-level signal only, then attach AED to the exact layout on the SPA.

Payment plan and timing

Property Finder’s payment block prints 20% down at sales launch, 60% during construction and 20% on handover. [2] DAMAC’s public page only showed a partial “1%” plan label without a full instalment table on capture. [1] Rebuild every graphic as dated AED rows on the SPA.

Completion language: DAMAC Q2 2027; Property Finder June 2027 / Q2 2027 with expected completion 30 June 2027. [1] [2] Have a lawyer stress-test the SPA completion language before you sign.

Area and developer

Developer: DAMAC — Damac Properties on the portal record; marketing uses de GRISOGONO branding. [1] [2]

Area: Business Bay — canal-edge framing toward Dubai’s central business cluster. [1]

Compare cash-flow against other Business Bay towers you shortlist — each SPA is separate.

Risks and open points

  1. High entry band — PF start near AED 3.54M; DAMAC AED ladder incomplete on capture. [2]
  1. Payment graphics incomplete — PF 20/60/20 vs thin DAMAC “1%” label. [2] [1]
  1. Mid-2027 keys can move even when dual-sourced. [1] [2]
  1. Unit count and floor stack not locked on this research page.
  1. Branded marketing ≠ SPA finish schedule — verify de GRISOGONO scope in contract documents. [1]
  1. Project registration and escrow account numbers are still missing on this capture.

Checklist before you pay

  1. Put SPA project name, unit ID and plan code side by side.
  1. Secure written DLD registration and escrow account details before wire transfers.
  1. Convert the portal 20/60/20 into dated AED instalments on the SPA only. [2]
  1. Bind price to one layout’s measured area — portal start near AED 3.54M is not a typology quote. [2]
  1. If mid-2027 handover is critical, stress-test Q2/June 2027 clauses with counsel. [1]
  1. Request annual service-charge estimates by bedroom band.
  1. Complete the due diligence guide before any booking fee.

Bottom line

Solid from dual sources: DAMAC + Property Finder place the tower in Business Bay with de GRISOGONO marketing, studio–2BR menu, mid-2027 keys, portal start near AED 3.54M and PF 20/60/20. [1] [2] Soft: unit count, floor stack, full DAMAC AED ladder, branded finish scope. Registry/escrow open. SPA decides.

FAQ

What is Canal Heights?

A DAMAC high-rise on the Business Bay canal, marketed with de GRISOGONO branding and studios through 2-bedroom apartments. [1]

What is the starting price?

Property Finder lists about AED 3,538,000 (launch banner 3.5M). DAMAC’s public price card was incomplete on capture. Request a unit-specific offer. [2]

When is handover?

DAMAC lists Q2 2027; Property Finder lists June 2027 / Q2 2027. Treat both as targets that can slip until the SPA is fixed. [1] [2]

What payment plan is published?

On Property Finder the split is 20% at launch, 60% during works and 20% at handover. The SPA cash-flow table is what binds. [2]

What product types are marketed?

DAMAC markets studios and one- and two-bedroom apartments in Business Bay. Confirm the exact layout on the SPA. [1]

Sources

  1. Canal Heights — official project page — DAMAC Properties. Accessed 2026-08-05.
  2. Canal Heights — new project listing (portal research signal) — Property Finder. Accessed 2026-08-05.

Next step

Use the research graph to compare options, then verify numbers on the SPA — not on a marketing line.