Canal Heights: off-plan project in Business Bay
Canal Heights is an off-plan residential apartment project in Business Bay, registered with the Dubai Land Department as project no. 2602 and developed by Vesta Real Estate Development L.L.C. From October 16, 2025 to October 16, 2026, 32 off-plan sales were registered there at a median price of AED 3,334,270 (AED 2,810 per sq ft); 80% of sales fall between AED 1,279,400 and AED 4,264,100.
- 32off-plan sales in 12 months
- AED 3,334,270median sale price
- AED 2,810median price per sq ft
- 18.1%construction progress (DLD)
- December 2026end date in the register
- 415registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,810 per sq ft, Canal Heights is in line with the median of off-plan sales across the 32 projects tracked in Business Bay (AED 2,733 per sq ft), and 59% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 32 off-plan sales in 12 months, about 3 a month; number 24 by sales in Business Bay over the period.
- Construction: 18.1% complete in the DLD register, construction is at an early stage; planned end December 2026.
- Profile: the best-selling type (apartment · 2 bedrooms) makes up 53.1% of sales, alongside 2 other types.
Canal Heights: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2602 |
| Registered developer | Vesta Real Estate Development L.L.C (developer no. 1552) |
| Master developer | Business Bay (L.L.C) |
| Community (master project) | Business Bay |
| DLD area | Business Bay |
| Register status | active |
| Construction progress | 18.1% |
| Project start | May 25, 2023 |
| Planned end | December 31, 2026 |
| Registered units | 415 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Canal Heights off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · studio, at a median AED 1,293,500.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 10 | AED 1,293,500 | 1,256,600 – 1,330,200 | 42 m² (452 sq ft) | AED 2,814 |
| Apartment · 1 bedroom | 5 | AED 2,481,000 | 2,148,600 – 2,528,800 | 77 m² (829 sq ft) | AED 3,006 |
| Apartment · 2 bedrooms | 17 | AED 3,817,100 | 3,447,344 – 4,424,624 | 128 m² (1,378 sq ft) | AED 2,764 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 2 bedrooms: 53.1% of off-plan sales, with a median size of 128 m² (124 to 141 m² for 80% of them).
- Apartment · 2 bedrooms: 53.1% (17 sales)
- Apartment · Studio: 31.3% (10 sales)
- Apartment · 1 bedroom: 15.6% (5 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Canal Heights off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,510 in Q1 2024 to AED 2,808 in Q3 2026 (+11.9%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 5 | AED 2,510 | — |
| Q2 2024 | 4 | AED 2,725 | — |
| Q3 2024 | 9 | AED 2,193 | — |
| Q4 2024 | 36 | AED 2,917 | +33% |
| Q1 2025 | 7 | AED 2,858 | -2% |
| Q2 2025 | 9 | AED 2,740 | -4.1% |
| Q3 2025 | 18 | AED 2,707 | -1.2% |
| Q4 2025 | 12 | AED 2,870 | +6% |
| Q1 2026 | 16 | AED 2,847 | -0.8% |
| Q3 2026 | 5 | AED 2,808 | -1.4% |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Business Bay
To gauge the rental market around Canal Heights: annual rents of Ejari contracts registered in Business Bay over the last 12 months (15,361 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 4,331 | AED 65,000 | 55,000 – 77,000 |
| Apartment · 1 bedroom | 7,008 | AED 85,000 | 75,000 – 105,000 |
| Apartment · 2 bedrooms | 3,186 | AED 129,640 | 110,000 – 150,000 |
| Apartment · 3 bedrooms | 749 | AED 189,000 | 160,000 – 220,000 |
| Apartment · 4 bedrooms | 82 | AED 300,000 | 193,812 – 375,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Canal Heights?
Canal Heights is in Business Bay, Dubai.
Further reading
- All off-plan projects in Business Bay
- All DLD sales at Canal Heights (new and resale)
- Business Bay property prices
- Business Bay rents
- All Vesta Real Estate Development L.L.C projects
Other off-plan projects in Business Bay
- Binghatti Aquarise — AED 2,624/sq ft
- Downtown Residences — AED 2,769/sq ft
- Binghatti Skyrise — AED 2,888/sq ft
- Al Habtoor Tower — AED 2,733/sq ft
- One by Binghatti — AED 2,938/sq ft
- Tiger Sky Tower — AED 2,388/sq ft
- Binghatti Skyhall — AED 2,407/sq ft
- Peninsula Four — AED 2,530/sq ft
Same budget elsewhere in Dubai (around AED 3,334,270)
- DAMAC Islands 2 - Tahiti 1, Al Yelayiss 1 — AED 3,330,240
- Saba 4, DMCC Master Community — AED 3,361,000
- Creek Bay, Dubai Creek Harbour — AED 3,308,888
- Address Residences l Dubai Creek Harbour, Dubai Creek Harbour — AED 3,398,559
- Altan, Dubai Creek Harbour — AED 3,303,888
- Albero, Dubai Creek Harbour — AED 3,398,946
Projects presented by Cevitas
Our Business Bay guides
Frequently asked questions
How much does a home at Canal Heights cost?
Over the last 12 months, the 32 off-plan sales registered with the DLD show a median price of AED 3,334,270, or AED 2,810 per sq ft; 80% fall between AED 1,279,400 and AED 4,264,100. The developer's current prices are on its price list.
When will Canal Heights be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 18.1% complete, with a planned end date of December 31, 2026. The handover date is confirmed by the developer.
Who is the developer of Canal Heights?
The DLD register lists Vesta Real Estate Development L.L.C (developer no. 1552), in a community developed by Business Bay (L.L.C).
What unit types are sold at Canal Heights?
Off-plan sales over the last 12 months cover: apartment · 2 bedrooms (17), apartment · studio (10), apartment · 1 bedroom (5). Best-selling type: apartment · 2 bedrooms, at a median AED 3,817,100 for 128 m².
Has the price per sq ft at Canal Heights changed?
The median off-plan price moved from AED 2,510 per sq ft in Q1 2024 to AED 2,808 in Q3 2026, based on DLD-registered sales.
How do I get the Canal Heights price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.