Status
Off-plan
Handover
Dec 2026
Homes
Apartments
Developer
Vesta Real Estate Development
Pricing
On request
Canal Heights is a current off-plan development by Vesta Real Estate Development in Business Bay, Dubai, registered with the Dubai Land Department (project 2602). The project comprises 426 residential units. Declared project value: AED 126M. Construction is 31% complete per the latest DLD inspection. Scheduled handover: Dec 2026. Register your interest with ERE Homes for floor plans, payment plans and launch pricing.
Business Bay in numbers
Sales recorded
10,283
Median price
AED 1.64M
Median price per sqft
AED 2,499
Average price per sqft
AED 2,548
Business Bay recorded 10,283 registered sales in the May 2025 to May 2026 window, at a median of AED 1.64M, or AED 2,499 per square foot. Almost everything trading here is apartments. These are Dubai Land Department transactions, not asking prices, so they are what buyers actually paid.
Canal Heights questions
Where is Canal Heights located?
Canal Heights is in Business Bay, Dubai, Dubai. It is registered with the Dubai Land Department as project 2602, which is the number to quote if you want to verify it on the DLD escrow register yourself.
When does Canal Heights hand over?
The developer has scheduled handover for Dec 2026. Construction was last reported at 31% complete. Off-plan handover dates move. We track the DLD construction reports on this project and will tell you if it slips.
Who is the developer of Canal Heights?
Canal Heights is developed by Vesta Real Estate Development. Before you commit to any off-plan purchase we will look at that developer's actual delivery record rather than their brochure.
What do homes in Business Bay sell for?
Business Bay recorded 10,283 registered Dubai Land Department sales in the last twelve months, at a median of AED 1.64M and AED 2,499 per square foot. Canal Heights has not published its price list yet, so ask us for launch pricing when it is released.
What types of home does Canal Heights have?
Apartments. Floor plans and the unit mix per release come from the developer, and we can send you the current set with what is still available.
Is Business Bay a good area to invest in?
On the numbers, Business Bay is an active market: 10,283 sales registered with the DLD in the last twelve months at a median of AED 2,499 per square foot. Volume that high means you can sell again when you want to, which matters more than a headline yield. Whether it suits you depends on whether you want income or capital growth, and we will pull the rental performance for the specific unit type you are considering.
Can foreigners buy at Canal Heights?
Any nationality can buy freehold in Dubai's designated freehold areas, with no residency visa or UAE bank account required, and you can complete from overseas by Power of Attorney. A purchase at or above AED 2 million can also qualify you for the 10 year Golden Visa. We confirm the ownership type on this specific project in writing before you pay anything.
What is the payment plan on Canal Heights?
Payment plans on off-plan are set by the developer per release and change between phases, so any plan published on a third party site is likely out of date. Your payments go into a RERA-regulated escrow account tied to this project rather than to the developer directly. Ask us for the current schedule, including whether there is a post-handover element.