Canal Heights, Business Bay

    Sold Prices · DLD Data

    Canal Heights

    Business Bay, Dubai · Business Bay

    AED 2,819

    Avg Price / sqft

    AED 2.6M

    Avg Sale Price

    21

    DLD Sales Recorded

    4.5%

    Est. Gross Yield

    View listings Explore Business Bay

    Market snapshot

    Canal Heights — the numbers

    Canal Heights is a residential building in Business Bay, Dubai with approximately 415 units. Dubai Land Department records show 21 sales in the building, at an average price of AED 2.6M — around AED 2,819 per square foot.

    Since January 2026, 19 sales completed in Canal Heights, with the average price per square foot moving from AED 2,741 to AED 2,688 (-1.9%). Prices have held broadly steady, a sign of a balanced market in the tower.

    Benchmarked against average residential rents in Business Bay, a typical unit in Canal Heights returns an estimated 4.5% gross rental yield before service charges — a useful starting point for investors comparing towers across Business Bay.

    Figures are from Dubai Land Department transaction records for Canal Heights; individual units vary by floor, view and finish. Gross yield is estimated against average Business Bay residential rents, before service charges.

    Price trend

    Price trend in Canal Heights

    Average sale price per sqft by month since January 2026 (single-sale months excluded)-1.9%

    2,7162,7992,882Jan 26: AED 2,741/sqft · 2 salesJan 26Feb 26: AED 2,816/sqft · 8 salesFeb 26Mar 26: AED 2,910/sqft · 6 salesMar 26Aug 26: AED 2,688/sqft · 3 salesAug 26

    Unit types

    Prices by unit type

    Studio

    AED 1.3M

    AED 2,783/sqft

    8 sales · last 12 months

    1 Bed

    AED 2.4M

    AED 2,940/sqft

    5 sales · last 12 months

    2 Bed

    AED 4.0M

    AED 2,780/sqft

    8 sales · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    14 Aug 2026Sales21,350AED 3.3MAED 2,437
    12 Aug 2026Sales0467AED 1.3MAED 2,811
    04 Aug 2026Sales0460AED 1.3MAED 2,817
    06 Jul 2026Sales0454AED 1.3MAED 2,808
    28 Apr 2026Sales21,409AED 4.0MAED 2,861
    30 Mar 2026Sales1818AED 2.5MAED 3,091
    27 Mar 2026Sales0473AED 1.4MAED 2,873
    27 Mar 2026Sales1716AED 1.9MAED 2,690
    13 Mar 2026Sales1871AED 2.5MAED 2,906
    12 Mar 2026Sales21,505AED 4.4MAED 2,950
    03 Mar 2026Sales21,505AED 4.4MAED 2,950
    25 Feb 2026Sales21,381AED 3.8MAED 2,764
    19 Feb 2026Sales1825AED 2.5MAED 3,006
    18 Feb 2026Sales1825AED 2.5MAED 3,007
    18 Feb 2026Sales0451AED 1.1MAED 2,438
    16 Feb 2026Sales0452AED 1.3MAED 2,821
    12 Feb 2026Sales0456AED 1.3MAED 2,908
    12 Feb 2026Sales0458AED 1.3MAED 2,788
    02 Feb 2026Sales21,381AED 3.9MAED 2,792
    21 Jan 2026Sales21,597AED 4.4MAED 2,765

    About the area

    Canal Heights is in Business Bay

    Business Bay is a dynamic urban community situated adjacent to Dubai's iconic Downtown, catering primarily to professionals and expatriates seeking an engaging city lifestyle. This strategically located area runs alongside the picturesque Dubai Canal, offering residents breathtaking waterfront views and a vibrant atmosphere that harmoniously blends work and leisure.

    Explore the Business Bay area guide

    Nearby

    Other buildings in Business Bay

    Hq By Rove

    Business Bay · 221 sales · AED 3.8M avg

    Binghatti Aquarise

    Business Bay · 166 sales · AED 2.7M avg

    Avarra By Palace

    Business Bay · 153 sales · AED 4.8M avg

    Al Habtoor Tower

    Business Bay · 149 sales · AED 3.6M avg

    Downtown Residences

    Business Bay · 146 sales · AED 3.3M avg

    Peninsula Four

    Business Bay · 143 sales · AED 2.2M avg

    Lumena Alta By Omniyat

    Business Bay · 127 sales · AED 23M avg

    Peninsula Three

    Business Bay · 123 sales · AED 1.8M avg

    The Edge

    Business Bay · 92 sales · AED 1.7M avg

    FAQ

    Canal Heights: frequently asked questions

    What is the average price in Canal Heights?

    The average recorded sale price in Canal Heights, Business Bay is AED 2.6M, around AED 2,819 per square foot, based on Dubai Land Department transaction data.

    Are prices in Canal Heights going up or down?

    Average sale prices in Canal Heights have eased -1.9% per square foot since January 2026, across 19 DLD-recorded sales.

    What rental yield can I expect in Canal Heights?

    Based on average Business Bay residential rents against sale prices in the building, a typical unit in Canal Heights yields roughly 4.5% gross per year, before service charges and fees.

    How many properties have sold in Canal Heights?

    21 sales have been recorded in Canal Heights according to DLD data, across approximately 415 units.

    Considering Canal Heights?

    Get honest, DLD-backed guidance on pricing, yields and availability in Business Bay from Binayah's advisors — no pressure, just the numbers.

    Talk to an advisorExplore Business Bay
    WhatsAppCallLive Chat