What is the rental yield in Canal Bay?

No gross yield is published for Canal Bay as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 50 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Business Bay median is 6.3% gross.

How much does a 2 bedroom in Canal Bay cost?

The median registered sale price is AED 2.33M (2,060 AED/sqft), from 50 Dubai Land Department sales in the last 12 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 12 months have a median of 2,060 AED/sqft, across 50 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.

Have prices in Canal Bay risen or fallen?

Median price per square foot moved -0.2% over the last 12 months against the 12 before it, on 50 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.

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

A night asks a median of AED 800, which models to 6.6% net at an assumed 70% 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.

Canal Bay

A 2 bed in Canal Bay costs a median AED 2.33M and returns 6.6% short-term at the assumed 70% occupancy.

Satellite view of the Business Bay district around Canal Bay, with roads and landmarks named. Apple Maps.

Street map around Canal Bay, Business Bay, centred on its registered pin. Apple Maps.

2 bed · typical price

2.33MAED

AED 2,060/sqft · -0.2% on a year

vs Business Bay: 0% below the median

Cost to buy, all inAED 2.48M

Price: AED 2.33M
DLD fee 4%: AED 93,200
Agent 2% + VAT: AED 48,930
Trustee: AED 4,200

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Is Canal Bay a good investment?Lots of new supply is coming; no record of the yield and the rent trend

Does it pay a good rent?No Ejari lease registered here in 12 months, so any yield quoted is an estimateNo record
Are rents going up?No lease registered in 12 months, so no rent trend to readNo record
Are prices going up?2 bed: AED 2,065/sqft a year ago, 2,060 now-0.2%Fair
How fast do fees pay back?AED 146,330 in fees to buy a 2 bed: DLD 4%, agent 2% plus VAT, trusteeAED 146,330
Can I sell easily?52 sales in 12 months (71 the year before)52
Is a lot being built nearby?11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today. A further 2,730 are past their planned date. Business Bay supply by year →64%Watch
Did earlier buyers gain?Buyers Previous 12 months still 2% down, before fees-1.7%Context

Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

Canal Bay prices and rents by unit typeA two-bed costs about AED 2.33M

Type	Median price	Gross yield	New rent	12-month change	Sales
2 bed	AED 2.33M2,060/sqft		not yet let	not yet let	-0.2%	50
3 bed	AED 3.41M2,353/sqft		not yet let	not yet let	under 5 sales in a year	2

Appreciation, rental income and short-term detail, by unit type

Appreciation

2 bed · price per sqft · Business Bay · area median AED 2,061/sqft

12-month change: -0.2%
vs area median: 0.0%
Rank by price per sqft: 52nd of 102

Short-term income

2 bed · 70% occupancy · 7-night stays

Modelled yield at 70% occupancy: 6.6%
Median nightly rate: AED 800
Net revenue: AED 153,751/yr
Listings seen: 4+

Read with care

No rental contracts are registered here yet, so there is no yield and the prices are launch pricing — a pre-handover building. Price growth from launch is not comparable with a let building's.

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Median price paid, 2 bed, as a rolling 3-month median. The band along the bottom is the number of records each month.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 2,064 · before fees

Previous 12 months: 2,101; −2%; 71 sales
Last 12 months: 2,064; today; 52 sales

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

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

Date	Type	Sqft	Price
17 Sept 2026	2 bed	1,327	AED 2,450,000	1,846
17 Sept 2026	2 bed	1,264	AED 2,600,000	2,057
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
13 May 2026	2 bed	1,326	AED 2,300,000	1,734
11 May 2026	2 bed	1,264	AED 2,450,000	1,938
29 Apr 2026	2 bed	1,326	AED 2,270,000	1,712
21 Apr 2026	2 bed	1,100	AED 2,100,000	1,910
17 Apr 2026	2 bed	1,100	AED 2,290,000	2,082
15 Apr 2026	2 bed	1,228	AED 2,750,000	2,239

52 resales in the last 12 months.

Short-term rates around Canal Bay

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

Occupancy assumption70%

Type	Nightly, AED	Net revenue at 70%	Long-let rent	Uplift	Net yield
2 bed4+ listings seen	8000.71/sqft	AED 153,751	—	—	6.6%

Nightly rate through the year

Comparables in Business Bay

Every Business Bay building with a page, ranked by price per sqft over the same 12 months, all unit types. Canal Bay places 73rd of 150; the nearest 8 are shown.

Rank	Building	Median price	Gross yield	12-month change	Sales
69	Zada TowerCompleted 2023 · off-plan 1,540/sqft	AED 1.00M	2,147+4.0%	7.1%	+2.2%	51
70	Royal RegencyCompleted 2025 · off-plan 1,961/sqft	AED 2.16M	2,122+2.8%	4.9%	+3.4%	24
71	The Paragon by IGOCompleted 2024 · off-plan 1,668/sqft	AED 1.43M	2,122+2.8%	6.3%	+9.3%	35
72	Vera TowerCompleted 2022 · off-plan 1,532/sqft	AED 1.25M	2,098+1.6%	6.6%	-4.0%	25
73	Canal Bay · this building	AED 2.33M	2,064	—	-1.7%	52
74	SLS Dubai Hotel & ResidencesCompleted 2021 · off-plan 1,609/sqft	AED 2.00M	2,059-0.3%	7.3%	-2.0%	45
75	Binghatti CanalCompleted 2023 · off-plan 1,659/sqft	AED 2.10M	2,047-0.9%	5.0%	-4.0%	29
76	Meera TowerCompleted 2022	AED 2.00M	2,040-1.2%	6.8%	—	5
77	VybCompleted 2026 · off-plan 2,005/sqft	AED 1.47M	2,024-2.0%	6.7%	-2.8%	19

Rank 1 is the dearest per square foot. Differences are against Canal Bay (AED 2,064/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 2 bed, Canal Bay has registered sale prices 0% below the Business Bay median price per square foot of 2,061 AED, across 102 eligible buildings. It ranks 52nd of 102 by price per square foot 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 activity

Planned 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 supply

Supply 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 counted

Find service-charge budget evidence for Canal Bay

Direct 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.

About Canal Bay

Canal Bay is an apartment building in Business Bay. 125 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

Drive times · typical

Downtown: 12 min · 5.0 km
DXB Airport: 15 min · 15 km
DIFC: 10 min · 10 km
Dubai Marina: 19 min · 20 km
Palm Jumeirah: 25 min · 25 km

Nearest, as registered

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

Canal Bay: AED 2,064 per sq ft, 1% above the median Business Bay building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

Canal BayAED 2,064
Business Bay, readyAED 1,869
Business Bay, off-planAED 2,685
Dubai, readyAED 1,421

Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Upcoming supply in Business Bay, by handover quarter

Nearby in Business Bay

Every building in Business Bay →

Prices per sq ft around Canal Bay, on the map

Pills show median sale price, AED. 119 buildings pinned from Google place records and Apple geocoding · Canal Bay is the inverted pinOpen in Apple Maps

Peninsula Four

Business Bay · 215 sales, 12 months

2.04M

AED, resale median · 2,517/sqft

Al Habtoor Tower

Business Bay · 205 sales, 12 months

3.44M

AED, resale median · 2,733/sqft

Peninsula Three

Business Bay · 164 sales, 12 months

1.74M

AED, resale median · 2,656/sqft

Regalia By Deyaar

Business Bay · 105 sales, 12 months

1.28M

AED, resale median · 1,782/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Sales and rents to
2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
On record
Sales evidence · 2 bed
50 registered sales in 12 months
On record
Rental evidence · 2 bed
No Ejari contract registered: not yet let
Read with care
Service charge
Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
Not on record
Project register
No project number on this building's record, so completion status and developer cannot be joined.
Not on record
Short-term assumption
Modelled at the published 70% occupancy on 4 listings seen; the dial above changes every short-term figure on this page
Read with care
Costs not included
4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
Not in the yield

Rent or buy

What owning a 2 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from Canal Bay’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of 2026-09-17. Change any figure.

Purchase price, AED

Annual rent, AED

Down payment, %

Residency

More assumptions

Interest rate, % a year

Term, years

Horizon, years

Annual service charge, AED

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage: —; 4.5% over 25 years
Monthly rent: —
Cash needed at purchase: —

Enter a price, a rent, a rate, a term and a horizon to model the comparison.

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Common questions

What is the rental yield in Canal Bay?: No gross yield is published for Canal Bay as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 50 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Business Bay median is 6.3% gross.
How much does a 2 bedroom in Canal Bay cost?: The median registered sale price is AED 2.33M (2,060 AED/sqft), from 50 Dubai Land Department sales in the last 12 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 12 months have a median of 2,060 AED/sqft, across 50 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
Have prices in Canal Bay risen or fallen?: Median price per square foot moved -0.2% over the last 12 months against the 12 before it, on 50 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
Does Canal Bay earn more short-term than long-let?: A night asks a median of AED 800, which models to 6.6% net at an assumed 70% 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.

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Canal Bay sale record

Record type: Building-level property market record
Data date: 2026-10-12 · refreshed 2026-10-14
Evidence base: 50 registered sales in the last 12 months for the default unit type
Sources: Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Canonical record: /sale/apartments/dubai/business-bay/canal-bay
Method: Definitions and calculations

Cite as: Dubai Wealth Index. “Canal Bay sale prices and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/canal-bay

Stable dataJSON