Canal Heights 2: off-plan project in Business Bay
Canal Heights 2 is an off-plan residential apartment project in Business Bay, registered with the Dubai Land Department as project no. 2615 and developed by Resta Real Estate Development L.L.C. From October 16, 2025 to October 16, 2026, 28 off-plan sales were registered there at a median price of AED 3,521,280 (AED 2,814 per sq ft); 80% of sales fall between AED 1,311,500 and AED 4,246,296.
- 28off-plan sales in 12 months
- AED 3,521,280median sale price
- AED 2,814median price per sq ft
- 18.1%construction progress (DLD)
- March 2027end date in the register
- 505registered 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 2,814 per sq ft, Canal Heights 2 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 59.2% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 28 off-plan sales in 12 months, about 2 a month; number 27 by sales in Business Bay over the period.
- Construction: 18.1% complete in the DLD register, construction is at an early stage; planned end March 2027.
- Profile: the best-selling type (apartment · 2 bedrooms) makes up 53.6% of sales, alongside 3 other types.
Canal Heights 2: 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 | 2615 |
| Registered developer | Resta Real Estate Development L.L.C (developer no. 1555) |
| 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 | June 10, 2023 |
| Planned end | March 31, 2027 |
| Registered units | 505 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 2 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 1,306,000.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 4 | AED 1,306,000 | — | 43 m² (463 sq ft) | AED 2,855 |
| Apartment · 1 bedroom | 7 | AED 2,499,000 | 2,252,200 – 2,986,472 | 88 m² (947 sq ft) | AED 2,783 |
| Apartment · 2 bedrooms | 15 | AED 3,748,000 | 3,464,640 – 4,134,784 | 123 m² (1,324 sq ft) | AED 2,842 |
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: 53.6% of off-plan sales, with a median size of 123 m² (120 to 139 m² for 80% of them).
- Apartment · 2 bedrooms: 53.6% (15 sales)
- Apartment · 1 bedroom: 25% (7 sales)
- Apartment · Studio: 14.3% (4 sales)
- Apartment · 3 bedrooms: 7.1% (2 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Canal Heights 2 off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,842 in Q1 2024 to AED 2,763 in Q3 2026 (-2.8%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 45 | AED 2,842 | — |
| Q2 2024 | 7 | AED 2,701 | -5% |
| Q3 2024 | 3 | AED 2,446 | — |
| Q4 2024 | 55 | AED 2,899 | — |
| Q1 2025 | 16 | AED 2,771 | -4.4% |
| Q2 2025 | 18 | AED 2,851 | +2.9% |
| Q3 2025 | 12 | AED 2,932 | +2.8% |
| Q4 2025 | 8 | AED 2,705 | -7.7% |
| Q1 2026 | 9 | AED 2,852 | +5.4% |
| Q2 2026 | 7 | AED 2,865 | +0.5% |
| Q3 2026 | 5 | AED 2,763 | -3.5% |
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 2: 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 2?
Canal Heights 2 is in Business Bay, Dubai.
- Nearest metro station: Business Bay Metro Station
- Nearest shopping mall: Dubai Mall
- Nearest landmark: Downtown Dubai
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Business Bay
- All DLD sales at Canal Heights 2 (new and resale)
- Business Bay property prices
- Business Bay rents
- All Resta 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 3,521,280)
- La Tilia at Villanova Phase 2, Wadi Al Safa 5 — AED 3,446,800
- Golf Heights, The Greens — AED 3,525,000
- Bluewaters Bay, Marsa Dubai — AED 3,541,000
- Albero, Dubai Creek Harbour — AED 3,398,946
- Mudon Al Ranim 7, Mudon — AED 3,550,000
- Address Residences l Dubai Creek Harbour, Dubai Creek Harbour — AED 3,398,559
Projects presented by Cevitas
Our Business Bay guides
Frequently asked questions
How much does a home at Canal Heights 2 cost?
Over the last 12 months, the 28 off-plan sales registered with the DLD show a median price of AED 3,521,280, or AED 2,814 per sq ft; 80% fall between AED 1,311,500 and AED 4,246,296. The developer's current prices are on its price list.
When will Canal Heights 2 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 March 31, 2027. The handover date is confirmed by the developer.
Who is the developer of Canal Heights 2?
The DLD register lists Resta Real Estate Development L.L.C (developer no. 1555), in a community developed by Business Bay (L.L.C).
What unit types are sold at Canal Heights 2?
Off-plan sales over the last 12 months cover: apartment · 2 bedrooms (15), apartment · 1 bedroom (7), apartment · studio (4), apartment · 3 bedrooms (2). Best-selling type: apartment · 2 bedrooms, at a median AED 3,748,000 for 123 m².
Has the price per sq ft at Canal Heights 2 changed?
The median off-plan price moved from AED 2,842 per sq ft in Q1 2024 to AED 2,763 in Q3 2026, based on DLD-registered sales.
How do I get the Canal Heights 2 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.