Canal Heights II review: prices, payment plan, what to check (2026)

Damac is the developer. The project has a backloaded payment plan: 10 per cent on booking, 40 per cent after booking and 50 per cent at handover, with handover currently scheduled for September 2027. The review that follows sets out the location, pricing, payment plan and buyer checklist using only the verified facts supplied.

The area aggregates supplied for Business Bay show an average sell price of AED 3,959,199 and an average rent price of AED 17,989. These are indicative area-level averages only. the published project facts do not include building-specific demand or supply metrics, so buyers should verify current Business Bay market conditions with DLD or RERA sources if needed.

The project is located in Dubai, within Business Bay. No further location details are supplied beyond the area name, so buyers should inspect the site and verify access, surrounding infrastructure and nearby amenities directly.

More projects in Business Bay are listed at projects in Business Bay.

The supplied unit price table lists 31 priced units across three configurations. One-bedroom units: 8 listed, with prices from AED 2,828,000 to AED 3,306,000 and sizes from 964.55 to 1,076.71 square feet. Two-bedroom units: 19 listed, with prices from AED 3,434,000 to AED 6,909,000 and sizes from 1,313.41 to 4,090.82 square feet. Three-bedroom units: 4 listed, with prices from AED 5,761,000 to AED 13,656,000 and sizes from 2,207.14 to 3,318.51 square feet.

The overall minimum price is AED 2,828,000 and the overall maximum is AED 13,656,000. The price threshold used for this review is AED 2,500,000; the current listing data shows zero units at or below this threshold. Every listed unit is therefore above AED 2,500,000, with the entry point being the one-bedroom band.

The two-bedroom band has the largest count at 19 units, while three-bedroom units are the fewest at four. Buyers should note that sizes vary materially within the two-bedroom band, from 1,313.41 to 4,090.82 square feet, which may explain part of the wide price spread. No total project unit count is supplied, so these 31 units may not represent the full inventory.

The payment plan is straightforward but backloaded. Buyers pay 10 per cent on booking and 40 per cent after booking, leaving 50 per cent to be paid upon handover. Handover is listed as September 2027, so half the purchase price becomes due at that point.

The exact timing of the 40 per cent after booking is not supplied. Buyers should confirm whether this amount is split across construction milestones or due as a single instalment, and obtain the schedule in the sale and purchase agreement. This structure means the largest cash outflow is deferred, but it also concentrates risk at handover if financing or resale plans change.

Escrow. Verify the project's escrow account is registered with the Dubai Land Department under Dubai Law No. (8) of 2007. the published project facts do not include an escrow account number, so request it and confirm with DLD before paying.

Oqood. Ensure the sale is registered through Oqood with DLD. This protects the buyer's interest in the off-plan unit. the published project facts do not include Oqood registration details, so verify at signing.

Service charges. No service charge figure is supplied. Service charges for Dubai off-plan projects are set through RERA-approved budgets and can change, so request the latest approved service charge and confirm how it is calculated.

Handover date. the published project facts list handover as September 2027. Confirm the exact handover date in the sale and purchase agreement and understand any delay provisions. The payment plan ties 50 per cent of the price to handover.

Payment plan enforceability. The plan is 10 per cent on booking, 40 per cent after booking and 50 per cent upon handover. Ensure the milestone schedule and any late payment or default terms are explicit in the SPA. Also confirm the applicable DLD transfer fee, listed as 4 per cent in the published project facts.

Canal Heights II is suited to buyers who can afford units above AED 2.5 million, specifically from AED 2,828,000 upwards, and who are comfortable with a backloaded plan requiring 50 per cent at handover in September 2027. The two-bedroom band offers the widest choice with 19 listed units, while buyers seeking a lower entry point may find the one-bedroom band the only option. The entry price sits below the indicative Business Bay average sell price of AED 3,959,199, but this is an area-level average and not a valuation of any specific unit.

Buyers should not expect any listed unit under AED 2,500,000. On this off-plan purchase, the developer pays Oliva's commission and the buyer pays nothing for representation; a 2% + 5% VAT buyer fee applies only to resale and secondary purchases. The free Oliva underwriting report delivers a buy or do-not-buy verdict on a specific unit.