Developer: Vesta Real Estate Development · Business Bay
Canal Heights is a residential project by Damac Properties in Business Bay, Dubai, with handover Q4 2026, construction 36.3% complete per the DLD registry, 415 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 2026 →
Data from the Dubai Land Department project registry (updated 23.09.2026 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 |
|---|---|---|---|
| 21.08.2026 | 2 BR | 123.8 | 3 493 440 |
| 14.08.2026 | 2 BR | 125.4 | 3 290 340 |
| 04.08.2026 | Studio | 43.4 | 1 314 000 |
| 04.08.2026 | Studio | 42.7 | 1 295 000 |
| 06.07.2026 | Studio | 42.2 | 1 276 000 |
| 13.05.2026 | Studio | 20.9 | 610 000 |
| 13.05.2026 | Studio | 20.5 | 600 000 |
| 28.04.2026 | 2 BR | 130.9 | 4 032 960 |
| 31.03.2026 | 1 BR | 76.0 | 2 527 000 |
| 30.03.2026 | 1 BR | 66.5 | 1 927 000 |
| 30.03.2026 | Studio | 44.0 | 1 359 000 |
| 16.03.2026 | 1 BR | 80.9 | 2 530 000 |
| 12.03.2026 | 2 BR | 139.8 | 4 441 000 |
| 03.03.2026 | 2 BR | 139.8 | 4 439 000 |
| 25.02.2026 | 2 BR | 128.3 | 3 817 100 |
| 19.02.2026 | 1 BR | 76.7 | 2 481 000 |
| 18.02.2026 | 1 BR | 76.7 | 2 481 000 |
| 18.02.2026 | Studio | 41.9 | 1 100 000 |
| 17.02.2026 | Studio | 42.0 | 1 274 000 |
| 12.02.2026 | Studio | 42.6 | 1 278 000 |
Dubai Land Department transaction registry, updated 2026-09-23. 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 +4% over the same period, so the building lagged.
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| Studio | 43 | 1 319 000 | 30 674 | 240 |
| 1 bedroom | 74 | 2 251 000 | 30 419 | 162 |
| 2 bedrooms | 127 | 3 734 706 | 29 407 | 64 |
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 — +1% 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 is an active residential development in Business Bay by Vesta Real Estate Development. The project comprises 415 units in a single residential building with retail outlets. Construction started on 25 May 2023, and completion was recorded at 31.22% on 22 April 2026.
Canal Heights is planned as a residential building in Business Bay, Dubai, with retail outlets forming part of the development. The building configuration is 3 basement levels, a ground floor, three podium levels, 42 floors, one mechanical floor, a roof and one upper roof level. Its structure is specified as concrete and block construction with internal and external finishes. The project has a total area of 28,767.36 and contains 415 units. Canal Heights is positioned within Business Bay, a mixed-use district characterised by residential high-rises, office towers, waterfront promenades and canal-side development.
The listed residence mix includes studios, one-bedroom apartments and two-bedroom apartments. Studios are listed from 427 to 474 square feet, with prices from AED 1,255,000. One-bedroom apartments range from 610 to 928 square feet, starting from AED 1,671,000. Two-bedroom apartments range from 1,284 to 1,559 square feet, with prices from AED 3,429,000. The listed layouts include 190 studios, 116 one-bedroom apartments and 70 two-bedroom apartments. Residences are presented under the de GRISOGONO brand, and the stated floor-to-ceiling height is 3.4 metres.
The amenities described for Canal Heights centre on fitness, water features and social spaces. The lobby includes workout benches and weights. At podium level, the spa extends to an outdoor gym with calisthenic-focused equipment intended for strength training. Leisure facilities include a shell-shaped swimming pool, a 73-by-14 infinity lap pool with floating zorb balls, and a waves pool featuring blue pearls underwater. The project also includes an underwater pearl museum, a bubbles arena, an interactive waterfall and a scrubs bar. Multipurpose domes are planned for wellness, intimate dining and private parties.
Canal Heights is located in Business Bay, along the Dubai Canal corridor in central Dubai. Business Bay sits immediately southwest of Downtown Dubai and combines commercial, residential and waterfront development. The district is served by the Dubai Metro Red Line, while Sheikh Zayed Road lies adjacent to Business Bay and Al Khail Road is connected through the local arterial road network. Burj Khalifa and Downtown Dubai are 1.5 km from Business Bay, while The Dubai Mall is 1.9 km away. Dubai International Airport is 12.6 km from the district, and Mall of the Emirates is 10.0 km away.
Construction at Canal Heights began on 25 May 2023. The project is active, with a recorded completion ratio of 31.22% following an inspection dated 22 April 2026. The scheduled project completion date is 31 December 2026. Canal Heights is registered as one building with 415 units in Business Bay. Its combination of basement, podium, residential, mechanical and roof levels creates a 42-floor residential component above the podium structure, alongside the retail outlets included in the development.
The stated payment structure is 20% on booking, 60% during construction and 20% on completion. Vesta Real Estate Development is the developer of Canal Heights. The company is identified as Vesta Real Estate Development throughout the project information. The project’s residential positioning combines studios, one-bedroom apartments and two-bedroom apartments with a building programme that also includes retail outlets, podium facilities and canal-side Business Bay surroundings.
Dubai market as a whole: prices, transactions and trends (DLD data) →
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Project data comes from the Dubai Land Department (DLD) registry.
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How to cite:Canal Heights — Continental Club Property, from Dubai Land Department registry and developer data, 2026-08-28, https://continentalclub.ae/project/canal-heights-business-bay/
