Studios - 1 Bed & 2 Bed bedroom Apartment for sale

Canal Heights 2 by DAMAC x de Grisogono – Luxury Waterfront Living on the Dubai Canal

Lifestyle Overview

Canal Heights 2 is an ultra-luxury branded residence rising directly on the Dubai Canal in Business Bay, offering uninterrupted views of the Burj Khalifa and Downtown Dubai skyline.
Created in collaboration with de Grisogono, the Swiss jeweller celebrated for its artistic design and gemstone mastery, this tower brings the elegance of fine jewellery into contemporary waterfront living.

Every detail reflects sophistication — curved façades inspired by the flow of water, vibrant aquamarine tones, and interiors designed with fluid geometry and opulent materials.
Residents enjoy a life of indulgence, wellness, and prestige surrounded by one of Dubai’s most desirable urban waterfront settings.

Key amenities include:
• Infinity pool overlooking the Dubai Canal and Burj Khalifa
• Wellness lagoon and aqua-inspired spa zones
• Floating pods, meditation decks & yoga spaces
• Luxury gymnasium & personal training suites
• Residents’ lounge & co-working areas
• Waterfront promenade with high-end retail and cafés
• 24-hour concierge & valet service

Canal Heights 2 redefines city living — blending Downtown energy with tranquil waterfront serenity.

Investment Profile & ROI

Located in Business Bay, one of Dubai’s highest-performing investment districts, Canal Heights 2 offers investors a rare combination of strong yields, capital growth, and brand prestige.

• Average rental yields in Business Bay stand between 6–7%, with branded waterfront residences achieving premium rents of up to 9%.
• Capital appreciation for de Grisogono projects has exceeded 20% since 2022, driven by limited canal-front inventory and the ongoing popularity of branded developments.
• The Downtown-adjacent location ensures high demand from executive tenants, short-stay guests and high-net-worth residents seeking proximity to the business and leisure heart of the city.
• Property ownership offers full freehold title and tax-free rental income.

For investors, this makes Canal Heights 2 one of Dubai’s most attractive off-plan options — combining luxury branding, strong cash-flow potential, and liquidity on resale due to its limited supply.

Residences

A curated collection of studios, 1- and 2-bedroom apartments, each crafted to deliver exceptional livability and rental appeal.
Residences feature panoramic glass façades, bespoke de Grisogono-inspired interiors, and smart home systems integrating lighting, climate and security.

• Studios – from approx. AED 1.3 million
• 1 Bedroom Residences – from approx. AED 1.7 million
• 2 Bedroom Residences – pricing on request

Rental comparables for nearby branded towers indicate returns of AED 110–130 per sq ft annually, supporting gross yields around 6–8 % depending on unit size and furnishing.

Payment Plan & Cashflow

The project features a flexible off-plan payment plan ideal for investors seeking phased cash management:

Select phases may offer alternative 1 % monthly or post-handover plans, depending on unit and purchase timing.

Location & Connectivity

Situated along Sheikh Zayed Road in Business Bay, Canal Heights 2 offers direct access to:
• Downtown Dubai & Burj Khalifa – 5 minutes
• Dubai Mall & DIFC – 8 minutes
• City Walk & Jumeirah Beach – 10 minutes
• Dubai International Airport – 15 minutes

This strategic address is ideal for professionals, global entrepreneurs and high-income tenants who want centrality with prestige.
The canal promenade further ensures consistent short-term rental demand, appealing to investors targeting serviced-apartment or Airbnb-style management models.

Why Canal Heights 2?

• Branded by de Grisogono – synonymous with exclusivity and value retention
• Front-row Dubai Canal position – unobstructed Burj Khalifa views
• Strong rental and resale performance in Business Bay
• Flexible payment structure and attractive entry pricing
• Delivered by DAMAC, one of Dubai’s most established developers
• Ideal for short-term and executive rentals
• High capital growth forecast as Dubai’s canal zone matures

For investors, it provides secure long-term income and exceptional resale potential; for residents, it offers a refined waterfront lifestyle at the heart of the city.

Summary

Canal Heights 2 by DAMAC x de Grisogono combines waterfront luxury, brand prestige and investment strength in one striking tower.
It offers discerning buyers the rare opportunity to own a branded residence overlooking the Dubai Canal — with the security of DAMAC’s delivery track record and the artistry of de Grisogono’s design legacy.

Whether purchased for personal use, luxury rental yield, or portfolio diversification, Canal Heights 2 represents an elite investment with enduring lifestyle value.

Key Features

• Branded residences by de Grisogono
•  Studios, 1 & 2 Bedroom Waterfront Apartments
• Prices from AED 1.3 million
• Flexible 20 / 50 / 30 payment plan (Q4 2027 completion)
• Projected 6–8 % gross rental yield
• Prime Business Bay / Dubai Canal location
• Infinity pool & wellness lagoon with Burj views
• Full ownership & tax-free rental income
• Ideal for luxury end-users & international investors