Under construction
AED 27,800per m²Dubai, United Arab Emirates
Canal Heights 1&2, photo 1Price from
AED 2,828,000≈ $770,048 · Rate as of 2026-10-15US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.AED 18,179 per m² ≈ $4,950
cheaper than 60% of city projects: -8%Data verified Aug 8, 2026 · price source: developer partner network · updated 2 days ago
- Properties
- Condominium
- Area
- 97 - 407 m²
- Bedrooms
- 1 - 4
- Readiness
- Under construction
- Dry season
- Jul, Aug, Oct
- First instalment
- 20%
Price
Is this expensive for the city
$4,950 per m², Dubai median $5,399
Median $5,399This project $4,950
$38$52,195
-8% vs the city median (Dubai), sample of 372 projects. cheaper than 60% of city projects.
Rate as of 2026-10-15, city data updated 2026-10-15. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue. The scale is logarithmic.
The cost of this project
A breakdown of this project for your budget and goals
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What it really costs
Payment plan
- 20%Step 1 · On booking$154,010
- 4%Step 2 · Tax$30,802
- 55%Step 3 · Before commissioning$423,526
- 25%Step 4 · On transfer$192,512
- Total
- $770,048
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$385,024$5,732,226
$762$11,559
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
40%100%
0%20%
- Monthly income
- $2,944
- Annual income
- $35,332
- Gross yield
- 5.7%
- Net yield
- 4.6%
- Value in 5 years
- $1,030,497
- 5-year ROI
- 57%
See calculation details
- Gross annual rent
- $43,769
- Common area fee
- -$221
- Tax (10%)
- -$4,377
- Agent commission
- -$3,839
- Net annual income
- $35,332
Read moreCollapse
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
When is the season here
Driest months: Jul, Aug, Oct Wettest months: Jan, Mar, Dec Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Rainfall, mm per monthTemperature, °C
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 20.1 | 17 |
| Feb | 20.8 | 8 |
| Mar | 23.3 | 16 |
| Apr | 26.9 | 9 |
| May | 30.7 | 4 |
| Jun | 33.1 | 4 |
| Jul | 35.0 | 1 |
| Aug | 35.4 | 1 |
| Sep | 33.5 | 2 |
| Oct | 30.7 | 1 |
| Nov | 26.5 | 8 |
| Dec | 22.5 | 14 |
Source: NASA POWER, climate normal (2001-2020). Grid node 25.2, 55.3. This is a multi-year normal, not a weather forecast.
About the project
- Properties
- Condominium
- Status
- Under construction
- Area
- 97 - 407 m²
Description
Damac Properties is developing Canal Heights 1&2 in Dubai, currently under construction. The project offers apartments with 1 to 4 bedrooms, ranging in area from 96.9 to 407 square meters, covering everything from compact layouts to larger multi-bedroom residences.
Prices start from AED 2,828,000 and go up to AED 17,543,000, with a price per square meter from AED 18,179. The price range tracks the area range, with the lower figures tied to the smaller apartments and the higher figures to the largest ones.
Canal Heights 1&2 is located in the Dubai region, in the city of Dubai, United Arab Emirates. The developer of the project is Damac Properties.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
Price in your currency
Rate: 1 USD = 3.6725 AED≈ $770,048Rate as of 2026-10-15
Denominated in AED - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Dubai, United Arab Emirates
Market context
Apartment prices20%
Villa prices29%
Residential transactions56,723transactions, ↑ +16% YoY
Average apartment rentAED 107,000↑ +8.5% YoY
Price per sqmAED 1,600↑ +8% YoY
Dubai’s residential property prices continued to rise in 2025, with apartments up 20% and villas up 29% year‑on‑year, while transaction activity grew 16% to over 56,000 deals. Rental growth has moderated, with average apartment rents increasing about 8.5% and the market moving toward a more balanced supply‑demand dynamic. Strong economic fundamentals, the Golden Visa programme and sustained interest from high‑net‑worth investors keep foreign‑buyer demand robust.
Sources (6) · updated 21/08/2026
- Property prices in Dubai continue upward trend in 2025 ↗
- UAE Q3 Real Estate Market Review 2025: Economic Growth Fuels Demand as Supply Stays Tight ↗
- UAE Branded Residences Report 2025 | CBRE ↗
- Dubai Real Estate Market Analysis - October 2025 | Price Trends & Forecast - Off Plan Bazaar ↗
- Dubai real estate set for sustained growth in 2025 amid rising global demand: Knight Frank - Finance Middle East ↗
- Destination Dubai 2025: Dubai Real Estate Market Outlook for Global Investors ↗
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