Canal Heights 2
- Under construction · 18% built · handover Q1 2027
- 48 floors
- 8 lifts
- 549 parking bays
- 1 pool
A 2 bed in Canal Heights 2 costs a median AED 3.75M.
2 bed · typical price
3.75MAED
AED 2,842/sqft · +3.0% on a year
- vs Business Bay
- 38% above the median
Cost to buy, all inAED 3.98M
- Price
- AED 3.75M
- DLD fee 4%
- AED 149,920
- Agent 2% + VAT
- AED 78,708
- Trustee
- AED 4,200
Is Canal Heights 2 a good investment?The rent pays below the Dubai median, few units are let and lots of new supply is coming; no record of the rent trend
- Does it pay a good rent?4.8% gross, before the service charge (not on file) (Dubai median 6.8%)4.8%Watch
- Is it easy to let?2% of units signed a yearly lease in 12 months; the typical Business Bay building manages 41%2%Watch
Business Bay median 41% · top tenth from 69%Canal Heights 2 · 2% Across 82 Business Bay buildings with 40 or more units, the median signed annual leases on 41% of units in 12 months and the top tenth on 69% or more; Canal Heights 2 is at 2%.
- Are rents going up?Too few new leases on both sides of the year to measure a changeNo record
- Are prices going up?2 bed: AED 2,761/sqft a year ago, 2,842 now+3.0%Fair
- How fast do fees pay back?AED 232,828 in fees to buy a 2 bed: DLD 4%, agent 2% plus VAT, trusteeAED 232,828
- Can I sell easily?29 sales in 12 months, 6% of the tower (99 the year before)29Fair
- 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?Launch buyers still 3% down, before fees-2.7%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Canal Heights 2 prices and rents by unit typeA two-bed costs about AED 3.75M
Appreciation, rental income and short-term detail, by unit typeAppreciation, 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
- +3.0%
- 3 years
- +0.9% · +0.3%/yr
- vs area median
- +37.9%
- Rank by price per sqft
- 13th of 102
Rental income
2 bed · Business Bay
- Yield rank, all unit types
- 50th of 54
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.
Chart data, 2 bed: Aug 2023, AED 4,028,410; latest, Jul 2026, AED 3,627,100; peak, Aug 2023, AED 4,028,410.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,785 · before fees
- Launch, 2023–26
- 2,862
- −3%
- 367 sales
- 3 years ago
- 2,866
- −3%
- 314 sales
- Previous 12 months
- 2,885
- −3%
- 99 sales
- Last 12 months
- 2,785
- today
- 29 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.
No resales match the last 12 months. Try another transaction type, bedroom type or period.
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 Heights 2 places 31st of 150; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Canal Heights 2 (AED 2,785/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Canal Heights 2 has registered sale prices 38% above the Business Bay median price per square foot of 2,061 AED, across 102 eligible buildings. It ranks 13th 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 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.
About Canal Heights 2
Canal Heights 2 is an under-construction (18% built) apartment building in Business Bay. 499 sales are registered with the Dubai Land Department.
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
Canal Heights 2: AED 2,785 per sq ft, 36% above the median Business Bay building, and a 4.8% gross yield, in the bottom tenth of the area
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 Heights 2AED 2,785
- Business Bay, readyAED 1,869
- Business Bay, off-planAED 2,685
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Canal Heights 2Business Bay median building
- Business Bay4.8% vs 6.6%
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 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 toOn record
- Sales evidence · 2 bedOn record
- Rental evidence · 2 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Building recordOn record
- Costs not includedNot 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 rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Canal Heights 2’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
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 Heights 2?
- No gross yield is published for Canal Heights 2 as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 15 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 Heights 2 cost?
- The median registered sale price is AED 3.75M (2,842 AED/sqft), from 15 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- Have prices in Canal Heights 2 risen or fallen?
- Median price per square foot moved +3.0% over the last 12 months against the 12 before it, on 15 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How many apartments change hands in Canal Heights 2?
- 15 sales were registered with the Dubai Land Department in the last 12 months. 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.
For agents
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Canal Heights 2 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 15 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /sale/apartments/dubai/business-bay/canal-heights-2
Cite as: Dubai Wealth Index. “Canal Heights 2 sale prices and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/canal-heights-2
Stable dataJSON