DAMAC CANAL HEIGHTS 2 BY DE GRISOGONO — Distress Deal | Business Bay | 1BR High Floor | -21.5%

ABOUT DAMAC CANAL HEIGHTS 2

Canal Heights 2 is Damac’s second branded tower in partnership with de GRISOGONO — the Swiss high-jewellery house. The collaboration is one of the most exclusive branded-residence partnerships in Damac’s portfolio, with jewellery-inspired interiors, signature lobby design, and curated amenity programming. The tower sits on the Dubai Water Canal in Business Bay, with direct canal frontage and open-city aspect from upper floors.

BUILDING AMENITIES

• Signature de GRISOGONO-branded lobby and interior design
• Infinity pool with canal view
• Sky gym
• Sauna, steam room, jacuzzi
• Yoga and meditation deck
• BBQ and outdoor lounge
• Children’s play area
• Concierge service
• Covered parking
• 24/7 security
• High-speed elevators

THE LOCATION — BUSINESS BAY / DUBAI WATER CANAL

Canal Heights 2 sits on the Dubai Water Canal in Business Bay — one of the most rental-resilient and most transacted corridors in Dubai.

• 3 minutes to Downtown Dubai
• 5 minutes to Sheikh Zayed Road
• 7 minutes to DIFC
• 12 minutes to Dubai International Airport
• Walking distance to Business Bay Metro

WHY THIS PROPERTY

• Pricing. AED 1.95M against OP of AED 2.51M — buyer enters AED 540K below the developer price on a branded-residence product.
• Brand position. de GRISOGONO-branded inventory is limited within Damac’s Business Bay portfolio. Branded inventory carries a structural resale premium over comparable non-branded Damac product.
• View configuration. High floor + open city + canal aspect is the premium combination inside Canal Heights 2. Most lower-floor 1BR inventory has obstructed sightlines. This unit captures both view categories.

STATUS

• Off-plan, on developer payment plan
• Handover Q3 2027
• Quick close available — seller is time-pressured
• Buyer pays standard DLD (4% + admin fees)