Canal Heights

1. Is it on schedule?36% built in August 2026 against a December 2026 handover: 64% left to build in 4 months · DLD inspection, 12 Aug 202636%Context
2. Is my money protected?Payments go to an escrow account at بنك الإمارات دبي الوطني (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,814/sqft, 4.8% above the Business Bay off-plan median across 47 projects+4.8%Context
4. Is it selling?34 off-plan sales registered in the last 12 months, of 411 units; the latest on 6 Oct 202634Context
5. Who is building it?Vesta, licence no. 1552Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك الإمارات دبي الوطني (ش.م.ع)

Developer, as licensed

VESTA REAL ESTATE DEVELOPMENT L.L.C (no. 1552)

Master developer

Business Bay LLC

Registered start

May 2023

Configuration

Project consists of 3B+G+3P+42F+1MECH+R+1UR residential building with retail outlets located in Business bay, Dubai. The building is designed to have a concreted structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 12 Aug 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Canal Heights be completed?

The developer registered handover for December 2026, 4 months after DLD’s latest record, and the project was 36% built as of August 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 12 Aug 2026.

What does Canal Heights cost per square foot?

AED 2,814 per sqft, the median of 34 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 3.04M. That is 4.8% above the Business Bay off-plan median across 47 projects.

Is Canal Heights in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Canal Heights?

VESTA REAL ESTATE DEVELOPMENT L.L.C, licence no. 1552, by the register’s own licence number; the master developer that owns the land is Business Bay LLC. Dubai Land Department project register as of July 2026.

How many units does Canal Heights have?

411 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.