Developer: Resta Real Estate Development · Business Bay
Canal Heights 2 is a residential project by Damac Properties in Business Bay, Dubai, with handover Q1 2027, construction 36.4% complete per the DLD registry, 505 units.
Every figure carries its origin: “DLD registry” is taken from the Dubai Land Department register, “Developer supplied” is stated by the developer, “Our calculation” is computed by us from the first two. Developer prices change without notice — confirm before you commit. Methodology
The purchase price is split into these stages.
The exact schedule is confirmed in the sale agreement for the selected unit.
All Dubai projects handing over in 2027 →
Data from the Dubai Land Department project registry (updated 15.09.2026 09:55).
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.
All Dubai construction in the DLD register · Developer: Damac Properties · District: Business Bay
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 11.09.2026 | Studio | 44.3 | 1 247 400 |
| 20.08.2026 | Studio | 42.4 | 1 304 000 |
| 29.07.2026 | 2 BR | 123.6 | 3 627 100 |
| 16.07.2026 | 1 BR | 76.5 | 2 291 000 |
| 15.07.2026 | 2 BR | 62.0 | 2 049 181 |
| 29.06.2026 | Studio | 42.6 | 1 313 000 |
| 03.06.2026 | 1 BR | 75.2 | 2 194 000 |
| 03.06.2026 | 2 BR | 137.4 | 4 100 002 |
| 16.04.2026 | 2 BR | 123.2 | 3 794 000 |
| 13.04.2026 | 2 BR | 122.0 | 3 783 000 |
| 13.04.2026 | 1 BR | 89.6 | 3 029 000 |
| 13.04.2026 | 3 BR | 205.1 | 5 761 000 |
| 09.04.2026 | 1 BR | 88.1 | 2 958 120 |
| 12.03.2026 | 2 BR | 122.1 | 4 011 040 |
| 03.03.2026 | 2 BR | 137.4 | 4 217 280 |
| 25.02.2026 | 2 BR | 125.1 | 3 683 520 |
| 25.02.2026 | 2 BR | 120.5 | 3 748 000 |
| 18.02.2026 | 2 BR | 123.3 | 3 795 000 |
| 17.02.2026 | 1 BR | 78.4 | 2 499 000 |
| 13.02.2026 | Studio | 21.6 | 663 348 |
Dubai Land Department transaction registry, updated 2026-09-14. Explore Dubai property transactions →
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.
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 +5% over the same period, so the building lagged.
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| Studio | 43 | 1 343 000 | 31 233 | 281 |
| 1 bedroom | 74 | 2 272 000 | 30 703 | 175 |
| 2 bedrooms | 123 | 3 683 000 | 29 943 | 40 |
| 3 bedrooms | 205 | 5 777 000 | 28 180 | 8 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
From 2023 to 2025 — -3% on the price per square metre in this building. The district moved +20% over the same period, so the building lagged the market.
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.
Canal Heights 2 is a one-building residential and commercial development by Resta Real Estate Development in Business Bay. The project is active, with 28.06% completion recorded at the inspection dated 22 April 2026. Its recorded completion date is 31 March 2027.
Canal Heights 2 comprises one building with 505 units and a recorded total area of 36,848.50. The building configuration includes four basement levels, a ground floor, three parking levels, 43 floors, two mechanical levels and a roof level. The project combines residential and commercial components within this single-building format. Its construction is designed as a concrete structure with blockwork, internal finishes and external finishes. The project commenced on 10 June 2023 and carries project number 2615. The unit total and single-building layout give buyers a clear indication of the development’s recorded scale within Business Bay.
Canal Heights 2 has active status. The completion ratio is recorded at 28.06%, based on an inspection dated 22 April 2026. The completion date is recorded as 31 March 2027. Construction began on 10 June 2023. These dates place the project within an active development phase, with the recorded completion date falling in 2027. The project’s status, construction progress and completion date are tied to project number 2615, which is also the Dubai Land Department project number for Canal Heights 2.
Canal Heights 2 is located in Business Bay, a mixed-use district along the Dubai Canal corridor in central Dubai. The district sits immediately southwest of Downtown Dubai and contains office towers, residential high-rises, waterfront promenades and a marina precinct. Business Bay was planned as a commercial and residential quarter and has developed a larger residential component alongside its established office stock. The area contains completed buildings as well as active developments, creating a built-up urban setting of commercial, residential and waterfront projects. Business Bay also includes internal roads and landscaped public spaces within its master-planned development area.
Business Bay is served by the Dubai Metro Red Line and lies adjacent to Sheikh Zayed Road. The district is linked to Al Khail Road through the local arterial road network. Distances given for Business Bay include 1.5 km to Burj Khalifa and Downtown Dubai, 1.9 km to The Dubai Mall and 12.6 km to Dubai International Airport. Mall of the Emirates is listed at 10.0 km, while Palm Jumeirah is listed at 15.1 km. Dubai Marina is listed at 17.2 km and JBR Beach at 17.9 km. These connections place the district within Dubai’s central road, metro and canal-side urban network.
The development is designated for residential and commercial use. Its recorded structure places the residential and commercial components within a building that includes dedicated parking levels, basement levels, mechanical levels and a roof level. There are 505 units across the project, although the unit count is not broken down by residential or commercial use. The stated construction approach is concrete and blockwork with internal and external finishes. This configuration distinguishes Canal Heights 2 as a mixed-use vertical development rather than a multi-building project.
Resta Real Estate Development is the developer of Canal Heights 2. The project is located in Business Bay and is identified by project number 2615. The development started on 10 June 2023, has active status and has a recorded completion date of 31 March 2027. It comprises one building and 505 units, with residential and commercial components incorporated into its recorded building configuration.
Dubai market as a whole: prices, transactions and trends (DLD data) →
We will send floor plans, the payment plan and available units for this project.
Project data comes from the Dubai Land Department (DLD) registry.
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How to cite:Canal Heights 2 — Continental Club Property, from Dubai Land Department registry and developer data, 2026-09-14, https://continentalclub.ae/project/canal-heights-2-business-bay/
