Official imagery, floor plans and the full brochure for Canal Heights 2 are available on request. We publish only developer-supplied media we are licensed to use.
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About Canal Heights 2
Canal Heights 2 is the second DAMAC tower in the Canal Heights series, overlooking the Dubai Water Canal in Business Bay.
Entry pricing has been cited from about AED 1.23M, while current listings for larger one-bedrooms reach above AED 3M; plans with large handover balances (40–50%) are reported.
Handover is expected around Q3 2027, though listings range from Q1 to Q4 2027.
At a glance
Canal Heights 2 key facts
- Developer
- DAMAC Properties
- Community
- Business Bay
- Status
- Under construction
- Handover
- Q3 2027
- Starting price
- AED 1.23M
- Unit types
- 1 Bedroom, 2 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Canal Heights 2
- 01
Shortlist and reserve
Choose a unit type and view at Canal Heights 2 and secure it with the booking deposit.
- 02
Sign the SPA
DAMAC Properties issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q3 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Water Canal views
- Close to Downtown Dubai
- Sizeable handover balance
What to weigh
- Wide spread between launch and current asking prices
- Handover quarter not consistent across sources
- Payment plan varies by release
FAQ
Canal Heights 2 — frequently asked questions
What is the starting price of Canal Heights 2?
Published pricing at Canal Heights 2 starts from AED 1.23M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Canal Heights 2?
Canal Heights 2 is scheduled for handover in Q3 2027. Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Canal Heights 2?
Canal Heights 2 is developed by DAMAC Properties in Business Bay, Dubai.
What unit types are available at Canal Heights 2?
Canal Heights 2 offers 1 Bedroom, 2 Bedroom.
Where is Canal Heights 2 located?
Canal Heights 2 is in Business Bay, Dubai.
Can foreigners buy at Canal Heights 2?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at Canal Heights 2 outright.
Does buying at Canal Heights 2 qualify for the UAE Golden Visa?
The entry price of AED 1.23M is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Canal Heights 2?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 49K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Canal Heights 2?
MRK Real Estate advises on primary purchases and resales at Canal Heights 2. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
