Canal Heights
- 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.
Gallery
Images: DAMAC Properties
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
- 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]
- 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
- High entry band — PF start near AED 3.54M; DAMAC AED ladder incomplete on capture. [2]
- Unit count and floor stack not locked on this research page.
- Branded marketing ≠ SPA finish schedule — verify de GRISOGONO scope in contract documents. [1]
- Project registration and escrow account numbers are still missing on this capture.
Checklist before you pay
- Put SPA project name, unit ID and plan code side by side.
- Secure written DLD registration and escrow account details before wire transfers.
- Convert the portal 20/60/20 into dated AED instalments on the SPA only. [2]
- Bind price to one layout’s measured area — portal start near AED 3.54M is not a typology quote. [2]
- If mid-2027 handover is critical, stress-test Q2/June 2027 clauses with counsel. [1]
- Request annual service-charge estimates by bedroom band.
- 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
- Canal Heights — official project page — DAMAC Properties. Accessed 2026-08-05.
- 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.
