Gallery
Imagery courtesy of DAMAC Properties.
The project
About 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).
Payment
Payment plan
80/20 — 20% on booking, 60% during construction, 20% on handover
At a glance
Canal Heights by de GRISOGONO 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
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 1.25M. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Canal Heights by de GRISOGONO
- 01
Shortlist and reserve
Choose a unit type and view at Canal Heights by de GRISOGONO and secure it with the booking deposit set out in the payment plan.
- 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 Q2 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
- Direct Dubai Water Canal frontage
- Jewellery-brand design collaboration
- Construction-linked payment plan
What to weigh
- Handover date varies between Q4 2026 and Q2 2027 across sources
- Payment plan terms differ by listing
- Canal Heights 2 shares the name, so verify the tower
FAQ
Canal Heights by de GRISOGONO — frequently asked questions
What is the starting price of Canal Heights by de GRISOGONO?
Published pricing at Canal Heights by de GRISOGONO starts from AED 1.25M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Canal Heights by de GRISOGONO?
Canal Heights by de GRISOGONO is scheduled for handover in Q2 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Canal Heights by de GRISOGONO?
80/20 — 20% on booking, 60% during construction, 20% on handover
Who is the developer of Canal Heights by de GRISOGONO?
Canal Heights by de GRISOGONO is developed by DAMAC Properties in Business Bay, Dubai.
What unit types are available at Canal Heights by de GRISOGONO?
Canal Heights by de GRISOGONO offers Studio, 1 Bedroom, 2 Bedroom.
Where is Canal Heights by de GRISOGONO located?
Canal Heights by de GRISOGONO is in Business Bay, Dubai.
Can foreigners buy at Canal Heights by de GRISOGONO?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at Canal Heights by de GRISOGONO outright.
Does buying at Canal Heights by de GRISOGONO qualify for the UAE Golden Visa?
The entry price of AED 1.25M 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 by de GRISOGONO?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 50K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Canal Heights by de GRISOGONO?
MRK Real Estate advises on primary purchases and resales at Canal Heights by de GRISOGONO. 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.
