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DAMAC Properties · Business Bay
Canal Heights by de GRISOGONO
DAMAC's de GRISOGONO-styled canalfront tower in Business Bay, with studios and one- to two-bedroom homes from about AED 1.25M and handover in Q2 2027.
Starting price
AED 1.25M
Handover
Q2 2027
Status
Under construction
Payment plan
80/20
About MRKYour advisor
MRK Real Estate Brokers
MRK Real Estate Brokers was founded with a clear mission: to provide premium, transparent and results-driven real estate services across Dubai. We combine deep market expertise with genuine care for every client.
Whether you are a first-time buyer, a seasoned investor, a tenant seeking the perfect home or a landlord looking for professional property management, our dedicated team is here to deliver exceptional results.
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The projectBusiness Bay
Canal Heights by de GRISOGONO
Canal Heights is a DAMAC residential tower on the Dubai Water Canal in Business Bay, with interiors inspired by Swiss jeweller de GRISOGONO and a mix of studios, one- and two-bedroom apartments.
Pricing starts around AED 1.25M for studios, with two-bedroom units from roughly AED 3.5M. The most commonly cited structure is an 80/20 plan with 20% on booking, though a 50/50 variant has also been advertised.
Construction was reported around 31% complete, with handover widely cited for the second quarter of 2027 (one source says Q4 2026).
Key facts
| Developer | DAMAC Properties |
| Community | Business Bay |
| Status | Under construction |
| Handover | Q2 2027 |
| Starting price | AED 1.25M |
| Unit types | Studio, 1 Bedroom, 2 Bedroom |
| Payment plan | 80/20 |
| Ownership | Freehold — open to all nationalities |
Why Canal Heights by de GRISOGONO
mrk.aeGalleryVisual tour
Inside Canal Heights by de GRISOGONO
mrk.aeInvestmentPricing & payment
Investment overview
Unit types
Studio · 1 Bedroom · 2 Bedroom
Payment plan
80/20 — 20% on booking, 60% during construction, 20% on handover
Worked example
On AED 1.25M
| 20% · Booking | AED 250K |
| 60% · Construction | AED 750K |
| 20% · Handover | AED 250K |
| DLD fee (4%) | AED 50K |
Units of AED 2M or more qualify for the 10-year UAE Golden Visa (subject to ICP rules).
Arrange your private consultation
Secure your residence at Canal Heights by de GRISOGONO
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Office
Business Bay, Dubai, UAE
mrk.ae/projects/damac-canal-heights-business-bay
MRK Real Estate Brokers · RERA ORN 17024. This presentation is prepared by MRK for marketing purposes from published sources and is subject to change without notice. Images © DAMAC Properties; MRK watermark applied. Prices, payment plans, specifications and handover dates must be confirmed with MRK before purchase. This document does not constitute an offer or contract.