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Canal Heights
Business Bay DAMACDLD project 2602
Towers along the Dubai Water Canal in Business Bay, Dubai. Area photo, not this projectPhoto: Sergei Gussev, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
Canal Heights is active on the DLD register, completion date 31 Dec 2026. It was 36.3% built at DLD’s inspection on 17 Aug 2026. Its 33 home sales over Oct 2025–Sep 2026 registered at a median AED 2.8m, AED 2,821 per sq ft.
Completion dateSourceDLD project registerWindowcompletion dateFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
31 Dec 2026
on the DLD register
BuiltSourceDLD project registerFigure% built at DLD’s latest inspectionDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
36.3%
DLD inspection, 17 Aug 2026
Median 2 BRSourceDLD registered salesWindowOct 2025–Sep 2026Based on16 salesFiguremedian price and median price per sq ft of home sales of this sizeDatasales to 5 Oct 2026How it is worked out
AED 3.9m
AED 2,779/sq ft · 16 sales
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on33 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026How it is worked out
AED 2.8m
33 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on33 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
33
−54% on Oct 2024–Sep 2025
Registered prices of 1-bedroom homes here, Oct 2025–Sep 2026
Lower quartile, median and upper quartile of 7 home sales; median size 826 sq ft.
The DLD project register
ActiveCompletion date on the DLD register: 31 Dec 2026
36.3% built at DLD’s inspection on 17 Aug 2026.
Started25 May 202336.3% builtinspection 17 Aug 2026Completion31 Dec 2026
Built, at DLD’s latest inspection36.3%
- DLD project number
- 2602
- Status
- Active
- Completion date
- 31 Dec 2026
- Start date
- 25 May 2023
- Registered
- 16 Mar 2023
- Developer
- Vesta Real Estate Development L.L.C · DLD developer 1552
- Escrow account bank
- Emirates Nbd Bank ()
- Units
- 415
- Buildings
- 1: Canal Heights
Inspection history: 8 inspections on the register
| Inspection date | Built |
|---|---|
| 17 Aug 2026 | 36.3% |
| 22 Apr 2026 | 31.22% |
| 27 Dec 2025 | 23.61% |
| 19 Aug 2025 | 18.1% |
| 11 Apr 2025 | 12.75% |
| 5 Jul 2024 | 8.48% |
| 21 Sep 2023 | 0.07% |
| 1 Mar 2023 | 0% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. DAMAC can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-2602-H1 · DLD register read 13 Oct 2026
Home prices by size
registered home sales, Oct 2025–Sep 2026| Size | Sales | Median price | Median AED /sq ft | Median size, sq ft |
|---|---|---|---|---|
| Studio | 10 | AED 1.3m | 2,814 | 457 |
| 1 BR | 7 | AED 2.5m | 3,007 | 826 |
| 2 BR | 16 | AED 3.9m | 2,779 | 1,395 |
Medians of registered flat and villa sales with no data-quality flag; a size with fewer than 5 sales shows no median.
Check an asking price
use the size on the sale contractEnter the size and the asking price to compare them with registered sales.
The size starts at the median registered size for that size here; use the size on your sale contract. Fees as listed on DLD’s Property Sale Registration page. Compare with other projects in the price check
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 21 Aug 2026 | Flat · 2 BR Off-plan | 1,333 | AED 3.5m | 2,621 | +8% |
| 14 Aug 2026 | Flat · 2 BR Off-plan | 1,350 | AED 3.3m | 2,437 | +0% |
| 12 Aug 2026 | Flat · Studio Off-plan | 467 | AED 1.3m | 2,811 | +12% |
| 4 Aug 2026 | Flat · Studio Off-plan | 460 | AED 1.3m | 2,817 | +12% |
| 6 Jul 2026 | Flat · Studio Off-plan | 454 | AED 1.3m | 2,808 | +12% |
| 28 Apr 2026 | Flat · 2 BR Off-plan | 1,409 | AED 4.0m | 2,861 | +18% |
| 30 Mar 2026 | Flat · 1 BR Off-plan | 818 | AED 2.5m | 3,091 | +25% |
| 27 Mar 2026 | Flat · Studio Off-plan | 474 | AED 1.4m | 2,873 | +14% |
| 27 Mar 2026 | Flat · 1 BR Off-plan | 716 | AED 1.9m | 2,691 | +9% |
| 13 Mar 2026 | Flat · 1 BR Off-plan | 871 | AED 2.5m | 2,906 | +18% |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Business Bay, Oct 2025–Sep 2026.
DAMAC’s newest ads
None of DAMAC’s 39 running ads names Canal Heights; these are the newest, from Meta’s Ad Library on 26 Oct 2026. Prices and claims in ads are the developer’s, not checked against DLD records.
A new wave of luxury living is taking shape on Dubai’s coastline. DAMAC Bay by Cavalli has reached 35% overall progress, with 65% of the superstructure complete and 15% of the facade now taking shape. As the vision rises, a new expression of coastal luxury draws closer to reality. #DAMAC #DAMACBayByCavalli #LuxuryLiving #ConstructionUpdate
Your new view is waiting. Introducing Sorrento Lagoon Views, with studios and 1-Bedroom apartments. #DAMAC #LuxuryLiving #SorrentoLagoonViews
50,000+ homes delivered, shaped by the relationships behind them. A few words from valued partners who have been part of the journey. #DAMAC #DAMAC50K #OneFamily
Business Bay market insights
Registered with DLD under the district Business Bay, 2019 to 5 Oct 2026.
AED 2,058Sep 2026−1%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
13,134 sales2025+480%on 2019
Full years only, registered sales of every type. 4,953 sales in 2026 to 5 Oct.
Off-plan share
57% of the 8,128 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2023 | 342 | 341 | 1 | AED 813m | AED 1.4m | 2,831 |
| 2024 | 54 | 54 | 0 | AED 107m | AED 2.1m | 2,880 |
| 2025 | 46 | 46 | 0 | AED 119m | AED 2.5m | 2,830 |
| 2026 to 5 Oct | 22 | 22 | 0 | AED 57.7m | AED 2.5m | 2,814 |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
464sales registered, Feb 2023 to Sep 2026
Every registered sale, all property types.
Other projects in Business Bay
8,128 sales were registered in Business Bay over Oct 2025–Sep 2026, with homes at a median AED 2,082 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Binghatti Aquarise | Binghatti | Due Oct 2026 | 602 | AED 2.0m |
| Binghatti Skyrise | Binghatti | Due Dec 2026 | 434 | AED 1.5m |
| Downtown Residences | Deyaar | Due Dec 2030 | 364 | AED 2.6m |
| Hq by Rove | Irth | Due Mar 2029 | 328 | — |
| Binghatti Skyhall | Binghatti | Due Aug 2026 | 232 | AED 1.4m |
| Al Habtoor Tower | Al Habtoor | Due Dec 2026 | 216 | AED 3.4m |
| Peninsula Four | Select Group | Finished | 212 | AED 2.0m |
| One by Binghatti | Binghatti | Due May 2026 | 212 | AED 3.1m |
| Tiger Sky Tower | Tiger | No completion date | 174 | AED 3.1m |
| Peninsula Three | Select Group | Finished | 170 | AED 1.7m |
| Avarra by Palace | Emaar | Due Jun 2031 | 155 | AED 3.2m |
| DAMAC Towers by Paramount | DAMAC | Finished | 151 | AED 1.7m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
Other projects by DAMAC
| Project | Area | Completion date | Built | Sales, Oct 2025–Sep 2026 |
|---|---|---|---|---|
| DAMAC Lagoons - Valencia | Al Hebiah Fifth | Feb 2028 | 5.2% | 1,278 |
| DAMAC District | DAMAC Hills | Mar 2029 | 4.1% | 705 |
| DAMAC Riverside Views - Azure 2 | Dubai Investment Park Second | Mar 2029 | 5.8% | 692 |
| DAMAC Riverside Views - Capri 1 | Dubai Investment Park Second | Mar 2029 | 8.2% | 638 |
| DAMAC Lagoons - Lagoon Views 13 | Al Hebiah Fifth | Dec 2027 | 6% | 525 |
| DAMAC Islands 2 - Bahamas 2 | Al Yelayiss 1 | Jun 2030 | 0.3% | 497 |
| DAMAC Islands 2 - Bahamas 1 | Al Yelayiss 1 | Jun 2030 | 0.3% | 476 |
| DAMAC Islands 2 - Cuba | Al Yelayiss 1 | Jun 2030 | 0.2% | 439 |
| DAMAC Islands 2 - Bermuda | Al Yelayiss 1 | Jun 2030 | 0.2% | 401 |
| Chelsea Residences 2 by DAMAC | Dubai Maritime City | Dec 2029 | 5.4% | 394 |
| DAMAC Islands 2 - Tahiti 2 | Al Yelayiss 1 | Jun 2030 | 0.3% | 378 |
| DAMAC Islands 2 - Maui | Al Yelayiss 1 | Jun 2030 | 0.2% | 347 |
More from DAMAC
Every DAMAC projectDubai, general view
DAMAC Lagoons - Valencia
Al Hebiah Fifth · DAMAC
Due Feb 2028DLD register
Median home price, Oct 2025–Sep 2026AED 785k
DAMAC Hills · area photo
DAMAC District
DAMAC Hills · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.3m
Dubai, general view
DAMAC Riverside Views - Azure 2
Dubai Investment Park Second · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.1m
Dubai, general view
DAMAC Riverside Views - Capri 1
Dubai Investment Park Second · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.2m
Dubai, general view
DAMAC Lagoons - Lagoon Views 13
Al Hebiah Fifth · DAMAC
Due Dec 2027DLD register
Median home price, Oct 2025–Sep 2026AED 1.2m
Dubai, general view
DAMAC Islands 2 - Bahamas 2
Al Yelayiss 1 · DAMAC
Due Jun 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.8m
Photos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Motor City by أمين علوان (Wikimedia Commons, CC BY-SA 4.0); Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0). Resized and cropped.
More projects in Business Bay
Everything in Business BayBusiness Bay · area photo
Binghatti Aquarise
Business Bay · Binghatti
Due Oct 2026DLD register
Median home price, Oct 2025–Sep 2026AED 2.0m
Business Bay · area photo
Binghatti Skyrise
Business Bay · Binghatti
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.5m
Business Bay · area photo
Downtown Residences
Business Bay · Deyaar
Due Dec 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.6m
Business Bay · area photo
Business Bay · area photo
Binghatti Skyhall
Business Bay · Binghatti
Due Aug 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.4m
Business Bay · area photo
Al Habtoor Tower
Business Bay · Al Habtoor
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 3.4m
Photo: Business Bay and the Dubai Water Canal by Sergei Gussev (Wikimedia Commons, CC BY 2.0). Resized and cropped.
Before you buy a home in Canal Heights
About Canal Heights
Canal Heights is a DAMAC project in Business Bay, Dubai, registered with the Dubai Land Department as project 2602 by Vesta Real Estate Development L.L.C. The register lists it as active, with a completion date of 31 Dec 2026, 36.3% built at DLD’s inspection on 17 Aug 2026.
464 sales have been registered since Jan 2019, the first on 27 Feb 2023, 33 of them over Oct 2025–Sep 2026. Over those twelve months its 33 home sales registered at a median AED 2.8m. The sales include 1 land plot, left out of every price figure. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 41st of the 140 projects with a registered sale in Business Bay, and 73rd of DAMAC’s 255.
Questions about Canal Heights
When will Canal Heights be finished?
The DLD register lists a completion date of 31 Dec 2026. It was 36.3% built at DLD’s inspection on 17 Aug 2026. These are the register’s own figures, read 13 Oct 2026; we don’t forecast a finish.
Is Canal Heights finished?
No. The DLD register lists it as active, 36.3% built at the inspection on 17 Aug 2026.
What do homes in Canal Heights sell for?
Studio: a median AED 1.3m, AED 2,814 per sq ft, from 10 sales; 1 BR: a median AED 2.5m, AED 3,007 per sq ft, from 7 sales; 2 BR: a median AED 3.9m, AED 2,779 per sq ft, from 16 sales. Registered home sales over Oct 2025–Sep 2026, not asking prices.
How many sales has Canal Heights had?
464 sales registered with the Dubai Land Department since Jan 2019, 33 of them over Oct 2025–Sep 2026. The count includes 1 land plot, which are left out of every price figure.
Who is the developer of Canal Heights?
The DLD register lists Vesta Real Estate Development L.L.C, DLD developer number 1552, which we group under DAMAC.
Where is Canal Heights?
In Business Bay, Dubai. The Dubai Land Department registers its sales under the district Business Bay. Homes there registered at a median AED 2,082 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Canal Heights?
The DLD project register lists an escrow account with Emirates Nbd Bank () for Canal Heights.
Cite this page
Canal Heights, Business Bay. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/canal-heights
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.