How much does a 2 bedroom in Canal Bay cost?

The median registered sale price is AED 2.40M (2,064 AED/sqft), from 107 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Canal Bay selling for right now?

Registered sales of ready units in Canal Bay over the last 6 months have a median of 1,992 AED/sqft, across 10 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Canal Bay risen or fallen?

Median price per square foot moved +1.1% over the last 12 months against the 12 before it, on 107 registered sales. On a sample this size, read the direction rather than the exact figure.

Does Canal Bay earn more short-let than long-let?

A night asks a median of AED 800, which models to 7.41% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities. Nightly rates are asking rates sampled across the next 12 months, not registered income.

How many apartments change hands in Canal Bay?

107 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.

Canal Bay — sale prices & yield

Buy: 2.40MAED; AED 1,992/sqft
Short-let: 7.41%; AED 800/night · 0.69/sqft

Price per sqft: Median of 10 registered sales of ready units in the last 6 months, most recent July 2026.

AED/yr/sqft: —
Sales: 107
Rental contracts: 0
Short-let listings seen: 4+

12 months: +1.1%

Based on 107 sales and 0 rental contracts in the last 24 months.

Canal Bay is an apartment building in Business Bay, Dubai. The closest metro station is Business Bay Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2024 to 2026, 246 registered sales in all — the 107 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Canal Bay, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
2 bed	AED 2.40M	2064	—	+1.1%	107
3 bed	AED 3.15M	2170	—	+8.8%	16

Deltas compare each yield with the Business Bay median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Canal Bay

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
2 bed	800	0.69	AED 177,892	—	—	7.41%	4+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

66 resales in the last 12 months, against 50 a year on average over 2024–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
29 Jul 2026	2 bed	1,264	AED 2,700,000	2,136
19 Jun 2026	2 bed	1,112	AED 1,977,000	1,778

2 resales in the last 3 months.

Rental contracts

Nothing registered in the last 3 months. Try a wider window.

Nearby

Metro: Business Bay Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in Business Bay, on the same figures over the same window.

Common questions

How much does a 2 bedroom in Canal Bay cost?: The median registered sale price is AED 2.40M (2,064 AED/sqft), from 107 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Canal Bay selling for right now?: Registered sales of ready units in Canal Bay over the last 6 months have a median of 1,992 AED/sqft, across 10 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Canal Bay risen or fallen?: Median price per square foot moved +1.1% over the last 12 months against the 12 before it, on 107 registered sales. On a sample this size, read the direction rather than the exact figure.
Does Canal Bay earn more short-let than long-let?: A night asks a median of AED 800, which models to 7.41% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities. Nightly rates are asking rates sampled across the next 12 months, not registered income.
How many apartments change hands in Canal Bay?: 107 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.

Canal Bay