Official imagery, floor plans and the full brochure for Canal Bay are available on request. We publish only developer-supplied media we are licensed to use.
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About Canal Bay
Canal Bay is a residential project in Business Bay by NED Properties, a developer associated with the Al Ghurair family.
Listings quote entry prices from about AED 2.23 million, with upper units around AED 3.5 million.
Delivery was scheduled for Q1 2026.
At a glance
Canal Bay key facts
- Developer
- NED Properties
- Community
- Business Bay
- Status
- Handover soon
- Handover
- Q1 2026
- Starting price
- AED 2.23M
- Unit types
- 1 Bedroom, 2 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Canal Bay
- 01
Agree the price
Agree terms with the seller of a unit at Canal Bay, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
NED Properties issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new 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
- Canal-adjacent Business Bay setting
- Family-backed developer
- Near-term delivery
What to weigh
- Information comes from aggregator listings rather than the developer
- Confirm current handover status before committing
FAQ
Canal Bay — frequently asked questions
What is the starting price of Canal Bay?
Published pricing at Canal Bay starts from AED 2.23M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Canal Bay?
Canal Bay is scheduled for handover in Q1 2026. Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Canal Bay?
Canal Bay is developed by NED Properties in Business Bay, Dubai.
What unit types are available at Canal Bay?
Canal Bay offers 1 Bedroom, 2 Bedroom.
Where is Canal Bay located?
Canal Bay is in Business Bay, Dubai.
Can foreigners buy at Canal Bay?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at Canal Bay outright.
Does buying at Canal Bay qualify for the UAE Golden Visa?
Units at Canal Bay start at AED 2.23M, which meets the AED 2 million property threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
What are the purchase costs at Canal Bay?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 89K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Canal Bay?
MRK Real Estate advises on primary purchases and resales at Canal Bay. 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 NED Properties before any transaction.
