Canal Heights
- Under construction · 36% built · handover Q4 2026
- 50 floors
- 6 lifts
- 416 parking bays
- 1 pool
- Master developer Vesta
A 2 bed in Canal Heights costs a median AED 3.82M.
2 bed · typical price
3.82MAED
AED 2,764/sqft · +2.1% on a year
- vs Business Bay
- 34% above the median
Cost to buy, all inAED 4.05M
- Price
- AED 3.82M
- DLD fee 4%
- AED 152,684
- Agent 2% + VAT
- AED 80,159
- Trustee
- AED 4,200
Is Canal Heights 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
- Is it easy to let?None of the 411 units signed an annual lease in 12 months: owner-occupied, holiday homes or a hotel pool0%
- Are rents going up?No lease registered in 12 months, so no rent trend to readNo record
- Are prices going up?2 bed: AED 2,708/sqft a year ago, 2,764 now+2.1%Fair
- How fast do fees pay back?AED 237,043 in fees to buy a 2 bed: DLD 4%, agent 2% plus VAT, trusteeAED 237,043
- Can I sell easily?34 sales in 12 months, 8% of the tower (72 the year before)34Fair
- 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 0% down, before fees-0.4%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Canal Heights prices and rents by unit typeA two-bed costs about AED 3.82M
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
- +2.1%
- 3 years
- -0.5% · -0.2%/yr
- vs area median
- +34.1%
- Rank by price per sqft
- 21st of 102
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 3,969,100; latest, Oct 2026, AED 3,378,200; peak, Apr 2026, AED 4,236,480.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,814 · before fees
- Launch, 2023–26
- 2,825
- 0%
- 354 sales
- 3 years ago
- 2,831
- −1%
- 341 sales
- Previous 12 months
- 2,888
- −3%
- 72 sales
- Last 12 months
- 2,814
- today
- 34 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 places 30th of 150; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Canal Heights (AED 2,814/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Canal Heights has registered sale prices 34% above the Business Bay median price per square foot of 2,061 AED, across 102 eligible buildings. It ranks 21st 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
Canal Heights is an under-construction (36% built) apartment building by Vesta in Business Bay. 465 sales are registered with the Dubai Land Department.
The building, as registered
- Floors
- 50
- Lifts
- 6
- Parking bays
- 416
- Pools
- 1
- Master developer
- Vesta
Drive times · typical
- Downtown
- 12 min · 4.5 km
- DXB Airport
- 14 min · 14 km
- DIFC
- 9 min · 7.3 km
- Dubai Marina
- 21 min · 23 km
- Palm Jumeirah
- 27 min · 27 km
Nearest, as registered
Canal Heights: AED 2,814 per sq ft, 38% 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 HeightsAED 2,814
- Business Bay, readyAED 1,869
- Business Bay, off-planAED 2,685
- Dubai, readyAED 1,421
Nearby in Business Bay
Prices per sq ft around Canal Heights, on the mapPrices per sq ft around Canal Heights, 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
- DeveloperOn 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’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?
- No gross yield is published for Canal Heights as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 17 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 cost?
- The median registered sale price is AED 3.82M (2,764 AED/sqft), from 17 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- Have prices in Canal Heights risen or fallen?
- Median price per square foot moved +2.1% over the last 12 months against the 12 before it, on 17 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?
- 17 sales were registered with the Dubai Land Department in the last 12 months. Every median on this page rests on those counts.
For agents
Send this page to a client as a branded report
Canal Heights sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 17 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
Cite as: Dubai Wealth Index. “Canal Heights sale prices and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/canal-heights
Stable dataJSON