Canal Heights 2

Canal Heights 2 in Dubai

Properties for sale in Canal Heights 2 will be found on the Dubai Canal waterfront. The 44-story urban-style residential tower will be located amidst magnificent skyscrapers and luxury hotels in Business Bay, a buzzing financial district.

Apartments in Canal Heights 2 for investment and living will be a great option available even to foreigners who can have full private ownership rights, too.

In Canal Heights 2, prices from the developer are currently relatively low. The cheapest studio sells for AED 1.29 million (USD 351,000), a 1-bedroom apartment costs upwards of AED 1.81 million (USD 493,000), while 2-bedroom residences are worth AED 3.4 million (USD 926,000) or more. 3-bedroom duplexes are priced at AED 5.65 million (USD 1.53 million). For AED 18 million (USD 4.9 million), investors can buy an entire floor in the new building for rent or subsequent resale.

Installment plans are available to buyers wanting to pay for their purchase gradually as the construction progresses, with 20% of the value transferred after the complex’s commissioning.

Location

One of the most popular and prestigious areas of Dubai, Business Bay is a district where property ownership is allowed for foreigners without UAE residency.

Most high-rise residential complexes provide various amenities, such as gyms, swimming pools, playgrounds for children, etc. Residents can quickly access shopping malls, supermarkets, restaurants, and cafes, as well as iconic destinations like the Dubai Opera and the Dubai International Airport.

Savvy businesspeople can consider property for investment in Canal Heights 2 or another opulent residential complex in this vibrant community. Once the construction is completed, prices are sure to increase. Investors purchasing a full floor are eligible for an additional 2% discount.

Due to the complex’s convenient location in the heart of Dubai, local properties will have good liquidity and enjoy a high demand among tenants. The rent on apartments in this community starts at AED 60,000 (USD 16,000) per year. In Q1 2023, an average 1-bedroom apartment generated 6.3% annually.

Apartments in Canal Heights II

The new building will comprise various property types:

• Studios;
• Conventional apartments with 1 and 2 bedrooms;
• Premium duplexes with 3 and 4 bedrooms.

A studio in Canal Heights 2 has a floor area of 40 m², while the minimum area of a 3-bedroom duplex is 202 m².

The key feature of all local residences is a spacious balcony and a large bathroom with an exquisite design.

The studios and apartments for sale in Canal Heights 2 have open-plan kitchens with a breakfast bar or a kitchen island. The living room and dining room share the same space.

The 3- and 4-bedroom duplexes have 2 floors, each with a large balcony. The first-floor balcony includes a private pool with a waterside seating area. These homes have 2 kitchens with the entrances close to each other: an enclosed kitchen for cooking and an open-plan one for serving meals. There will also be a room for domestic staff in the duplexes.

Privileges

A vital feature in off-plan projects, in Canal Heights 2 specifically, is the luxurious interiors, in this case designed by the upscale jewelry brand de Grisogono.

The podium of the residential complex will feature a large outdoor terrace with the following amenities:

• A vast infinity pool with spotlighting, which, at night, resembles a lake where the stars are reflected;
• A children's pool and playground;
• 2 islands with beautiful plants in the infinity pool, which can be accessed via footbridges;
• Sun loungers and comfortable poolside seating areas;
• Lush green gardens with ornamental plants;
• Footpaths;
• Transparent yoga domes.

The complex's ground floor will have a large lobby with an exquisite beige, blue, and gold design. There will be a luxurious glossy marble floor, decorative mirrors, elegant chandeliers, and designer upholstered furniture for guests and residents.

Canal Heights 2 by Damac Properties

Canal Heights 2 Dubai is an exclusive project created by Dubai's largest developer DAMAC and the fashion brand de Grisogono. The complex's residents will therefore be able to enjoy the luxurious interior design not only in the public spaces but also in their homes that will be decorated with marble, round and oval mirrors, glass chandeliers and sconces, decorative elements and sanitary ware in golden colors, and luxurious furniture perfectly aligned with the general style.

Another major advantage of the new residential project is the rooftop relaxation area with magnificent panoramic views of Downtown, an infinity pool, and a fresh bar.

According to the developer's plan, the construction will be completed in September 2027. The residential complex is currently at the initial stage of construction, which is the most suitable time to buy apartments in Canal Heights 2 for investment at a discount from the developer.