Canal Heights is being created by DAMAC Properties, who is one of the most well-known developers in Dubai, and is also the author of DAMAC Lagoons, DAMAC Hills and Chic Tower. The project is being built in collaboration with the famous jewellery brand de GRISOGONO.
Canal Heights will boast a strategic location in Business Bay. Travel time to Downtown Dubai will take about 5-10 minutes and Dubai International Airport will be reachable within 15 minutes.
Future residents of Canal Heights can choose a unit from studios and 1-2 bedroom apartments. There is also an option to purchase a full floor for renting units out or creating a spacious home for your own family.
It’s planned that Canal Heights will be completed in Q3 2027 which means you will be able to follow an attractive payment plan from the developer.
DAMAC Properties offers an 80/20 payment plan with a 24% down payment.
The starting cost of a studio in Canal Heights is AED 1,250,000 (USD 340,000) and a 1-bedroom unit will cost from AED 1,670,000 (USD 455,000). Moreover, there is an opportunity to purchase a full floor which will cost AED 18,220,000 (USD 4,960,000).
Yes, purchasing a real estate property in Dubai provides you and your family members with an opportunity to apply for a residence visa.
According to the recent visa amendments, becoming an owner of a property with a cost from AED 750,000 (USD 204,000) will allow you to apply for a 2-year investor visa. This can be prolonged in the case that you remain the owner of the property. A 10-year Golden Visa is given to those who purchase a property with a cost from AED 2,000,000 (USD 545,000).
Yes, due to the fact that Canal Heights is a freehold property, both UAE citizens and foreigners can become owners of the property in this project.
Becoming an owner of an apartment in Canal Heights will be a good investment, as units here are always in demand for short and long-term periods among business professionals coming here for business trips. Moreover, you will always be able to resell a property at a higher price after its completion. The opportunity to purchase a full floor will also attract investors.
Canal Heights will be appreciated by single professionals and couples wishing to easily get to key locations and other areas of Dubai. Families with children might be interested in more spacious 2-bedroom units or full floors which can be turned into large penthouses. A range of exclusive amenities is another reason why you should make Canal Heights your choice to reside in.
Business Bay is considered to be the business centre of the emirate. It’s the perfect location for business professionals, office workers and those wishing to live within close proximity to Downtown Dubai. The area is known for educational and medical institutions, as well as dining venues.
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