Developer: Damac Properties · Business Bay

Canal Crown

Canal Crown is a residential project by Damac Properties in Business Bay, Dubai, with prices from AED 1 120 000, handover Q4 2027, construction 42.2% complete per the DLD registry, 327 units.

Price fromAED 1 120 000
HandoverQ4 2027
Construction42.2%
Units327

Layouts and sizes

TypeUnitsSize, sq.ft
Studio88425–463
1 Bedroom166790–1 285
2 Bedroom661 192–4 396
3 Bedroom41 718–2 015
NA32 022–3 756

All units are freehold. Data from the DLD registry.

Payment plan 60/40

The purchase price is split into these stages.

120%Down payment
240%During construction
340%On handover

The exact schedule is confirmed in the sale agreement for the selected unit.

Construction progress

42.15%
  • StatusActive
  • Construction started2023-08-01
  • HandoverQ4 2027
  • Status date15.07.2026
  • Escrow bankADIB
  • DLD project number2625

Data from the Dubai Land Department project registry (updated 23.08.2026 09:55).

Construction progress 47
15 July 2026 42.15%
Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 1 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 2 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 3 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 4 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 5 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 6 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 7 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 8 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 9 of 10Canal Crown, Business Bay construction progress — 15 July 2026, 42.15% complete, photo 10 of 10

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
22.04.20262 BR121.83 534 000
20.04.2026Studio40.41 126 000
16.04.20263 BR187.16 410 250
14.04.2026Studio39.71 194 000
07.04.20262 BR135.74 255 000
02.04.2026Studio20.1561 119
26.03.20262 BR120.73 490 000
25.02.20262 BR121.93 524 000
23.02.20261 BR81.32 640 000
10.02.2026Studio40.81 304 000
06.02.20262 BR120.83 490 000
02.02.20262 BR135.74 259 000
22.01.20261 BR76.52 068 780
16.12.20251 BR81.32 640 000
12.12.20252 BR121.83 547 000
14.10.20251 BR94.22 978 000
13.10.20251 BR83.92 582 657
13.10.20251 BR84.72 672 440
10.10.20251 BR84.82 647 220
09.10.20252 BR127.43 846 000

Dubai Land Department transaction registry, updated 2026-08-22. Explore Dubai property transactions →

Registered transactions in Canal Crown

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

346deals since 2023
30 305AED per m², median
0%resale, the rest bought from the developer
+1%over the past year

The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +4% over the same period, so the building lagged.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
Studio411 313 00032 02499
1 bedroom792 348 28029 725180
2 bedrooms1283 846 00030 04762

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

How the price per square metre moved

From 2023 to 2025 — -6% on the price per square metre in this building. The district moved +20% over the same period, so the building lagged the market.

31 6002023
29 3982024
29 8142025
29 0152026*

Top to bottom: purchase price per m², year, annual rent per m², gross yield.

All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.

* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

Amenities

  • Promenade
  • Retail brands
  • Planet-inspired garden
  • Aqua exercises
  • Swim VR
  • Observatory deck

What is nearby

  • Burj Al Arab15 мин
  • Dubai International Airport20 мин
  • Dubai Marina25 мин
  • Jumeirah Beach10 мин
  • The Dubai Mall5 мин

Places nearby

Canal Crown

About the project

Canal Crown is an active waterfront residential development by Damac Properties in Business Bay, positioned by Dubai Canal. The project contains 327 units and is recorded at 42.15% completion following an inspection dated 15 July 2026. Handover is planned for Q4 2027.

Canal Crown at Dubai Canal

Canal Crown is a residential building in Business Bay with retail outlets at its base. Its building configuration comprises two basement levels, a ground floor, three podium levels, 37 residential floors, two mechanical levels, a roof and an upper roof. The development is designed with a concrete structure, blockwork, and internal and external finishes. The architectural concept draws on peridot and space-inspired design elements. A space-inspired lobby forms part of the arrival experience, while the waterfront setting places Dubai Canal alongside the development. The observatory deck is planned to provide views towards Downtown Dubai, Dubai Canal and the ocean.

Homes and residential layout

The residential selection includes studios, one-bedroom apartments, two-bedroom apartments, and two-, three- and four-bedroom duplexes. A townhouse duplex is also included at podium level. Studio apartments have stated sizes from 401 to 461 sq ft. One-bedroom apartments range from 789 to 1,222 sq ft, while two-bedroom apartments range from 1,292 to 4,389 sq ft. The listed two-bedroom duplex has an area of 3,961 sq ft. Three-bedroom duplexes range from 4,592 to 4,593 sq ft, and four-bedroom duplexes range from 4,761 to 4,762 sq ft. The project comprises 327 units in total.

Amenity and promenade spaces

Canal Crown includes a promenade with culinary offerings, retail brands and resident experiences. The amenity programme features a planet-inspired garden, aqua exercise facilities, Swim VR and an observatory deck. Additional named facilities include Aquafit, gardens, a rooftop lounge, a relaxation room and a promenade. The development also includes a swimming pool, infinity pool, gymnasium, kids’ play area, basketball court and tennis courts. A private screening room, UFO Spa and relaxation pods are included within the leisure offering. Retail outlets, restaurants, dining outlets and a supermarket are also listed among the on-site facilities.

Business Bay setting and nearby destinations

Canal Crown is located in Business Bay, a mixed-use district on Dubai Canal immediately southwest of Downtown Dubai. The project is described as waterfront living by Dubai Canal, with views towards Downtown Dubai and the canal from the observatory deck. Kidzania is 1.4 km away, while the Fountains at Dubai Mall and PVRK are each 1.6 km away. Action Park Business Bay is 1.5 km away and Bay Avenue Park is 1.7 km away. The Paramount Screening Room at Damac Towers by Paramount is 1.3 km away, Cinema City at Address Dubai Mall is 1.4 km away, and Reel Cinemas at Dubai Mall is 1.7 km away. The Track Meydan Golf is 3.9 km away.

Price, payment plan and handover

Prices for Canal Crown start from AED 1,120,000. The payment plan is structured as 60/40, beginning with a 20% down payment on booking. A further 40% is payable during construction through the first to 18th instalments, with the remaining 40% due on handover. Handover is planned for Q4 2027. The project is active, with a recorded completion ratio of 42.15%. Its project start date is 1 August 2023, and the recorded completion date is 28 February 2027.

The developer

Canal Crown is developed by Damac Properties. Damac Properties has been constructing real estate projects in the Middle East for more than 20 years. Its operations also extend to Saudi Arabia, Jordan, Lebanon, Qatar, Turkey and the United Kingdom. At Canal Crown, Damac Properties is responsible for a waterfront residential project comprising apartments, duplexes and a podium-level townhouse duplex in Business Bay. The development’s design incorporates a collaboration with de GRISOGONO and a peridot-inspired architectural concept.

Frequent questions

Who is the developer of Canal Crown?
Canal Crown is developed by Damac Properties.
Where is Canal Crown located?
Canal Crown is located in Business Bay on Dubai Canal.
What is the current completion status of Canal Crown?
The project is active and recorded at 42.15% completion following an inspection dated 15 July 2026.
When is Canal Crown handover?
Handover is planned for Q4 2027.
What is the Canal Crown payment plan?
The payment plan is 60/40: 20% on booking, 40% during construction and 40% on handover.
What is the starting price at Canal Crown?
Prices start from AED 1,120,000.
What property types are available at Canal Crown?
The project includes studios, one- and two-bedroom apartments, two- to four-bedroom duplexes, and a podium-level townhouse duplex.
What amenities are planned at Canal Crown?
Facilities include a promenade, planet-inspired garden, aqua exercise facilities, Swim VR, an observatory deck, rooftop lounge, pools, gymnasium and a private screening room.
What is near Canal Crown?
Kidzania is 1.4 km away, Action Park Business Bay is 1.5 km away, and the Fountains at Dubai Mall are 1.6 km away.
How can I buy an apartment in Canal Crown?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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