Project Overview & Investment Highlights
Canal Heights is an ultra-luxury project, located in the business centre of Dubai called Business Bay. The project, which is considered to be the sequel to Chic Tower by DAMAC and de GRISOGONO, will offer studios and 1-2 bedroom apartments. All residents will benefit from exclusive amenities and close proximity to key locations within the emirate Canal Heights is an residential project in Business Bay that is the perfect option for those wishing to experience a harmonious lifestyle on the banks of the Dubai Water Canal. The project is expected to be the shimmering sequel to the amazing Chic Tower.
The development, created by DAMAC, is branded by de GRISOGONO, who is a well-known Swiss luxury jeweller. The total number of residences within the project is 376, and each floor offers 14 apartments. Among the units to choose from in DAMAC Canal Heights are studios and 1-2 bedroom apartments. Moreover, there is an opportunity to purchase a full floor, which might interest investors wishing to rent properties out and generate a stable income. From the balconies you will be able to enjoy views of the Dubai Water Canal. You will be able to soak up the luxury right from the moment you enter the lobby of Canal Heights by DAMAC, with a waterfall feature that is possible to pass through. Fluid forms, vibrant colours and effervescent textures will make you fall in love with the tower from the moment you lay your eyes on the building.
Branded Residences in Business Bay Designed by DAMAC x de GRISOGONO
DAMAC Canal Heights is located in Business Bay along the banks of the Dubai Water Canal and is surrounded by other luxury towers, including hotels and apartment buildings. In terms of the closest leisure facilities that are accessible within a 10-minute drive, residents of Canal Heights might be interested in Dubai Mall with over 1,200 retail stores, 200 dining options, Dubai Aquarium & Underwater Zoo, Souk Al Bahar and other entertainment venues, as well as Dubai Opera. Among the closest educational institutions are Jumeirah International Nursery, Learning Tree Nursery, Old Safa British School, Global Indian International School and Dubai Institute of Design and Innovation. As for medical clinics, future residents will be able to receive professional help in Aster Clinic – Business Bay and Emirates Hospital Clinics – Business Bay.
Buying a residence or a full floor in Canal Heights will provide you with an opportunity to apply for a 2-year investor visa or a 10-year UAE Golden Visa. Residence visas will allow you and your family members to stay in the country without any time limits, obtain an Emirates ID and enjoy many other benefits. Business Bay is a popular area among tenants both for short and long term rentals. The average ROI for a 1-bedroom apartment here is 6.4%, and the average price of renting this type of residence is AED 90,000 per year. Therefore, you will always be able to rent a unit out.
