Canal Heights

Under Construction · Date not reported|415 units · 1 tower

Canal Heights is an under-construction development by VESTA REAL ESTATE DEVELOPMENT L.L.C in Business Bay, comprising 415 registered units. 463 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,822 per sqft. At AED 2,822 per sqft, Canal Heights prices 8% above the Business Bay median of AED 2,605 per sqft on registered sales.

PIX© price · ↑4.5% YoY

2.06MAED

Typical

2,822AED

PSF

Gross yield

Awaiting handover

PIX© rent ÷ PIX© price

Sale records

463

DLD · all time

Rent contracts

Awaiting handover

Ejari · all time

SATELLITE

LocationBusiness Bay

Drive times · typical

Downtown Dubai5 min · 1.6 km

DXB Airport14 min · 16.1 km

DIFC12 min · 5.4 km

Dubai Marina25 min · 23.8 km

Palm Jumeirah24 min · 25.2 km

Nearest · straight-line

Metro stationBusiness Bay2.1 km

MallSouq Al Muskaan0.2 km

SchoolHummingbird Nursery Bay Square0.2 km

HospitalKENZA WELLNESS0.3 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 34

…

1 Bed on Floor 34, Canal Heights

Size
Record: Aug 2023 to Mar 2026
Owners: 3
Tenants: 0
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
3Owner 3	13 Mar 2026	6 mo	Current owner
2Owner 2	29 Aug 2025	6 mo
1Owner 1	18 Aug 2023	2.0 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

1 Bed · Floor 34 · Canal Heights

Nightly rateAED

Occupancy (237 nights)

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Canal Heights2,822AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend
PIX© Core Project-Wide 430 - 4,381 sqft	415	2.06M	2,822	↑4.5%
Residential
Studio · Apartment 430 - 479 sqft	204
1 Bed · Apartment 583 - 923 sqft	142
2 Bed · Apartment 1,286 - 1,597 sqft	62
3 Bed · Apartment 3,090 - 3,113 sqft	2	-	-	-
4 Bed · Apartment 4,381 sqft	1	-	-	-	-
Commercial
Shop 1,584 - 1,815 sqft	4	-	-	-	-

No rental contracts registered - the project has not handed over.

Sales - Project-Wide463 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
21 Aug 2026	2 Bed	Canal Heights · Floor 13	1,333	3,493,440	2,621	-	Entry Level	Off-Plan Sale
14 Aug 2026	2 Bed	Canal Heights · Floor 3	1,350	3,290,340	2,437	-	Entry Level	Off-Plan Sale
12 Aug 2026	Studio	Canal Heights · Floor 5	467	1,314,000	2,811	0.0%	Standard	Off-Plan Sale

Rentals - Project-Wide

PIX© rent analysis

No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare1 peer could not be placed

This project

Canal Heights

Compared with

One River Point

PIX© PSF

2,884

Rank

#7 of 38

#6 of 38

Typical price

2.09M

Yield

—

Units

415

298

Sales

464

283

Rents

—

Developer

VESTA REAL ESTATE DEVELOPMENT L.L.C

DUTCO ELLINGTON CANAL FRONT REAL ESTATE L.L.C

Handover

U/C

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	UPSIDE Living SRG REAL ESTATE DEVELOPER L.L.C · Completed · Off-plan pricing	527					358	997
	Bayz 101 by Danube DANUBE PROPERTIES DEVELOPMENT L.L.C · U/C · Off-plan pricing	1,346					1,219	—
	Rove Home Marasi Drive IRTH SIGNATURE DEVELOPMENT L.L.C · U/C · Off-plan pricing	811					798	—
	Vento Tower ANAX DEVELOPMENTS L.L.C · U/C · Off-plan pricing	227					54	—
	One River Point DUTCO ELLINGTON CANAL FRONT REAL ESTATE L.L.C · U/C · Off-plan pricing	298					283	—
7	Canal Heights VESTA REAL ESTATE DEVELOPMENT L.L.C · U/C · Off-plan pricing	415	2,884	Subject	2.09M	—	464	—
	Trillionaire Residences BINGHATTI DEVELOPERS FZE · Completed · Off-plan pricing	369					357	244
	Canal Heights 2 RESTA REAL ESTATE DEVELOPMENT L.L.C · U/C · Off-plan pricing	505					499	—
	One By Binghatti BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	755					642	—
	Canal Crown GALAXY SKY REAL ESTATE DEVELOPMENT L.L.C · U/C · Off-plan pricing	678					691	—
	Canal Crown 2 ONE QUANTEM REAL ESTATE DEVELOPMENT L.L.C · U/C · Off-plan pricing	351					348	—

Community median 2,605 AED/sqft. Showing the closest-ranked peers of 38 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 84 excluded for trading only in the ready market. 22 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

One By BinghattiAED 2,838/sqft
Canal CrownAED 2,784/sqft
Canal Crown 2AED 2,781/sqft
Canal Heights 2AED 2,872/sqft
Canal Crown 1AED 2,769/sqft
Trillionaire ResidencesAED 2,878/sqft

Common questions about Canal Heights

Answered from Dubai Land Department registered transactions.

How much does a property in Canal Heights cost?

Property in Canal Heights sells at a current PIX© price of AED 2,822 per sqft, or about AED 2,056,372 for a typical unit, based on 463 sales registered with the Dubai Land Department.

When is Canal Heights handing over?

Canal Heights is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Canal Heights?

Canal Heights is developed by VESTA REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

How many units are in Canal Heights?

Canal Heights holds 415 registered units, per the Dubai Land Department unit register.

Have prices in Canal Heights gone up or down?

Price per sqft has risen +4.5% over the last 12 months, to AED 2,822, across 463 registered sales.