Canal Heights 2, Business Bay

    Sold Prices · DLD Data

    Canal Heights 2

    Business Bay, Dubai · Business Bay

    AED 2,844

    Avg Price / sqft

    AED 3.4M

    Avg Sale Price

    18

    DLD Sales Recorded

    4.5%

    Est. Gross Yield

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    Market snapshot

    Canal Heights 2 — the numbers

    Canal Heights 2 is a residential building in Business Bay, Dubai with approximately 505 units. Dubai Land Department records show 18 sales in the building, at an average price of AED 3.4M — around AED 2,844 per square foot.

    Since February 2026, 17 sales completed in Canal Heights 2, with the average price per square foot moving from AED 2,823 to AED 2,755 (-2.4%). 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 2 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 2; 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 2

    Average sale price per sqft by month since February 2026 (single-sale months excluded)-2.4%

    2,7802,8542,927Feb 26: AED 2,823/sqft · 6 salesFeb 26Mar 26: AED 2,952/sqft · 2 salesMar 26Apr 26: AED 2,922/sqft · 5 salesApr 26Jun 26: AED 2,788/sqft · 2 salesJun 26Jul 26: AED 2,755/sqft · 2 salesJul 26

    Unit types

    Prices by unit type

    Studio

    AED 1.3M

    AED 2,865/sqft

    1 sale · last 12 months

    1 Bed

    AED 2.6M

    AED 2,943/sqft

    5 sales · last 12 months

    2 Bed

    AED 3.7M

    AED 2,819/sqft

    11 sales · last 12 months

    3 Bed

    AED 5.8M

    AED 2,610/sqft

    1 sale · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    29 Jul 2026Sales21,330AED 3.6MAED 2,727
    15 Jul 2026Sales1823AED 2.3MAED 2,783
    26 Jun 2026Sales0458AED 1.3MAED 2,865
    03 Jun 2026Sales1809AED 2.2MAED 2,711
    16 Apr 2026Sales21,326AED 3.8MAED 2,860
    13 Apr 2026Sales32,207AED 5.8MAED 2,610
    13 Apr 2026Sales1965AED 3.0MAED 3,140
    13 Apr 2026Sales21,313AED 3.8MAED 2,880
    09 Apr 2026Sales1949AED 3.0MAED 3,119
    12 Mar 2026Sales21,314AED 4.0MAED 3,053
    03 Mar 2026Sales21,479AED 4.2MAED 2,852
    25 Feb 2026Sales21,297AED 3.7MAED 2,891
    25 Feb 2026Sales21,346AED 3.7MAED 2,736
    18 Feb 2026Sales21,327AED 3.8MAED 2,860
    17 Feb 2026Sales1844AED 2.5MAED 2,962
    04 Feb 2026Sales21,312AED 3.5MAED 2,650
    03 Feb 2026Sales21,282AED 3.6MAED 2,842
    26 Jan 2026Sales21,300AED 3.5MAED 2,659

    About the area

    Canal Heights 2 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

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    FAQ

    Canal Heights 2: frequently asked questions

    What is the average price in Canal Heights 2?

    The average recorded sale price in Canal Heights 2, Business Bay is AED 3.4M, around AED 2,844 per square foot, based on Dubai Land Department transaction data.

    Are prices in Canal Heights 2 going up or down?

    Average sale prices in Canal Heights 2 have eased -2.4% per square foot since February 2026, across 17 DLD-recorded sales.

    What rental yield can I expect in Canal Heights 2?

    Based on average Business Bay residential rents against sale prices in the building, a typical unit in Canal Heights 2 yields roughly 4.5% gross per year, before service charges and fees.

    How many properties have sold in Canal Heights 2?

    18 sales have been recorded in Canal Heights 2 according to DLD data, across approximately 505 units.

    Considering Canal Heights 2?

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

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