Home / Properties / Business Bay / DAMAC Canal Crown in Business Bay, Dubai

DAMAC Canal Crown in Business Bay, Dubai

Business Bay, Dubai
Q4 2027
Handover
1,408 sqft
From size
2 Bedroom
Layouts
Business Bay, Dubai · 2 Bedroom · from 1,408 sqft · handover Q4 2027 · starting at 3,500,000AED

About the project

Canal Crown is a residential tower by DAMAC Properties on the Dubai Canal in Business Bay, created with the jewellery house de GRISOGONO. The whole design takes its cue from the peridot, a green gemstone, and the tower is topped by an open crown that the developer describes as sparkling in daylight and glowing against the night sky. Handover is planned for Q4 2027.

The residences

The homes on sale are two-bedroom apartments from 1,408 sq ft and two-bedroom duplexes from 3,990 sq ft. On the typical floor plan, the two-bedroom apartment opens onto a balcony that follows the curve of the facade, with an open living and dining room and the kitchen alongside. The duplexes run over a lower and an upper level. DAMAC's plan for this type adds a maid's room, a pantry, a walk-in closet and a private terrace.

Amenities

The shared spaces carry a space theme. Residents get a planet-inspired garden on the podium and a pool set up for aqua exercise and Swim VR. Higher up, an observatory deck looks out over Downtown Dubai, the Dubai Canal and the sea beyond. The lobby is built from curves and shapes drawn from the universe, and at the foot of the tower a promenade brings restaurants and a curated selection of retail brands.

Payment plan and location

Canal Crown is sold on a 60/40 plan: 20% on booking, 40% during construction and the remaining 40% on handover. The tower stands on the bank of the Dubai Canal in Business Bay, Dubai, with the waterfront promenade at its base.

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Unit types

TypeBedsSizePrice
2BR21,408 sqft3,500,000 AED

Payment plan

Stage%Milestone
Down payment20%On booking
During construction40%Construction period
On handover40%Q4 2027

The developer

DAMAC Properties
Dubai's largest private luxury developer — iconic brand partnerships at every turn.
DAMAC Properties is a major private luxury developer with an extensive presence in Dubai, founded in 2002 by Hussain Sajwani. The company is renowned for its collaborations with global luxury brands — Versace, Roberto Cavalli, de GRISOGONO, Paramount, and Trump — and for landmark mega-developments such as DAMAC Hills (1, 2 & Lagoons), DAMAC Islands, and Akoya. Taken private in 2022, DAMAC is today one of the largest privately held real-estate companies in the Middle East.
2002FoundedDubai, UAEHeadquarters44,000+ units deliveredProjects delivered
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About Business Bay

Dubai's Business Hub — steps from Burj Khalifa.

Business Bay is Dubai's primary central business district — a mixed-use destination combining office towers, luxury residences, and hotels along the Dubai Water Canal. Its proximity to Downtown Dubai, DIFC, and Sheikh Zayed Road makes it a top choice for business professionals and high-income tenants. In 2026, the defining trend is branded luxury residences from global names — Dorchester, Bugatti, Pagani — commanding price and rental premiums of up to 35% above standard projects.
5.7–7%Rental yieldJESS Jumeirah English Speaking School (Al Safa, ~10 min)NearbyGEMS Jumeirah Primary School (Al Safa, ~10 min)NearbyDowntown Dubai / Burj Khalifa · ~5 minDrive time
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Location

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Frequently Asked Questions about DAMAC Canal Crown

Who is the developer of Canal Crown?
Canal Crown is developed by DAMAC Properties, with the jewellery house de GRISOGONO as its brand partner. The tower's design is inspired by the peridot gemstone.
Where is Canal Crown located?
Canal Crown stands on the Dubai Canal in Business Bay, Dubai. A waterfront promenade runs at its base, and its observatory deck looks towards Downtown Dubai and the sea.
What types of homes can I buy at Canal Crown?
The homes on sale at Canal Crown are two-bedroom apartments from 1,408 sq ft and two-bedroom duplexes from 3,990 sq ft.
When will Canal Crown be completed?
Canal Crown is an off-plan tower, and DAMAC Properties plans handover in Q4 2027.
What is the payment plan at Canal Crown?
Canal Crown follows a 60/40 plan: 20% on booking, 40% during construction and 40% on handover.
Which amenities does Canal Crown offer?
Canal Crown has a planet-inspired garden on the podium, a pool for aqua exercise and Swim VR, an observatory deck, and a promenade with restaurants and retail brands.
What do the duplexes at Canal Crown include?
The two-bedroom duplexes at Canal Crown are laid out over two levels. The developer's plan for this type includes a maid's room, a pantry, a walk-in closet and a private terrace.
What inspired the design of Canal Crown?
Canal Crown takes its design from the peridot, a green gemstone. The tower ends in an open crown, and the lobby is shaped with curves drawn from the universe.
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