Canal Heights 2 rents
- 7 new leases and 4 renewals in 12 months
- 501 units
- Business Bay
- near Business Bay Metro Station
A one-bed here leases for about AED 165,000 a year, 71% above the typical Business Bay one-bed.
1 bed · typical new lease
165,000AEDa year
AED 164/sqft
- A month, roughly
- AED 13,750
- vs Business Bay 1 bed
- 71% above the median
- New leases, 12 months
- 7
What should a lease in Canal Heights 2 cost?A one-bed leases for about AED 165,000 a year
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Business Bay median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
Chart data, 1 bed: Oct 2014, AED 75,000; latest, Jan 2026, AED 148,250; peak, Sep 2025, AED 165,000.
11 contracts starting on or after 12 Oct 2025.
About Canal Heights 2A 48-floor tower in Business Bay
Canal Heights 2 is an under-construction (18% built) apartment building in Business Bay. 11 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 48
- Lifts
- 8
- Parking bays
- 549
- Pools
- 1
Nearest, as registered
- Metro
- Business Bay Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in Canal Heights 2?2% of units here signed a yearly lease in 12 months, below the Business Bay median
- Units on a yearly lease
- 2%Watch
- Business Bay median 41%; top tenth from 69%
Ejari leases to 12 Oct 2026
Thinking of selling? Canal Heights 2 sale prices →Comparables in Business Bay
Every Business Bay building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Canal Heights 2 places 9th of 100; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Canal Heights 2.
At 1 bed, Canal Heights 2 ranks 8th of 91 by rent per square foot and 38th of 76 by gross yield in Business Bay.
Market context in Business Bay
Registered sales activity
2,705 ready apartment sales in the 12 months to 2026-10-12.
+5.4% in median AED/sqft versus the preceding year, supported by 2,705 current and 3,581 prior price observations.
Explore sales activityPlanned apartment projects
10,312 known registered units across 12 pending projects planned within one year of the 2026-07-06 register.
10 projects had already passed their planned date; 6 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today.
Ready prices per sqft fell in 50% of 131 buildings (counted once per bedroom type) in Business Bay with sales in both years; the typical one moved −0.1%.
The pooled median moved +5.4%: 5.5 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 79% of 124 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.6%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in Business Bay
Prices per sq ft around Canal Heights 2, on the mapPrices per sq ft around Canal Heights 2, on the map
Peninsula Three
Business Bay · 441 contracts, 12 months
100,000
AED a year median · 162/sqft
Prive by DAMAC (B)
Business Bay · 438 contracts, 12 months
75,000
AED a year median · 147/sqft
Prive by DAMAC (A)
Business Bay · 438 contracts, 12 months
75,000
AED a year median · 147/sqft
Amna Tower
Business Bay · 406 contracts, 12 months
135,000
AED a year median · 106/sqft
Ask about Canal Heights 2
Looking to buy or rent here? Tell us what you need: unit type, budget, timing.
We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the registered annual rent for a 1 bedroom in Canal Heights 2?
- The median new annual rent is AED 165,000, from 7 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- How many apartments change hands in Canal Heights 2?
- 7 sales were registered with the Dubai Land Department in the last 12 months, alongside 7 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Canal Heights 2?
- Business Bay Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
- What is the rental yield in Canal Heights 2?
- Canal Heights 2 returns 6.6% gross: a median new-contract rent of AED 165,000 a year (7 Ejari contracts in 12 months) over a price benchmark of AED 2.50M (median of 7 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
- How much does a 1 bedroom in Canal Heights 2 cost?
- The median registered sale price is AED 2.50M (2,783 AED/sqft), from 7 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
For agents
Send this page to a client as a branded report
Canal Heights 2 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 0 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /rent/apartments/dubai/business-bay/canal-heights-2
Cite as: Dubai Wealth Index. “Canal Heights 2 rents and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/business-bay/canal-heights-2
Stable dataJSON