Canal Heights de GRISOGONO

By DAMAC Properties in Business Bay, Dubai

Price from: AED 12,460,000; about £2.55M or $3.39M
Payment plan: 5/55/40; 60% before handover
Handover: Q2 2028
Status: Under construction

Rendering of the two Canal Heights towers beside the Dubai Canal at night

Rendering of the tower entrance and podium at night

Aerial rendering of the tower and its podium pool at dusk

Interior rendering of a double-height living room with a staircase

Rendering of a pool with an underwater viewing area

Rendering of an infinity pool beside the canal

Rendering of the yoga domes on a terrace at dusk

Interior rendering of a double-height living area opening onto a terrace

Payment plan

5/55/40

60% due before handover

Booking depositOn purchase5%AED 623,000
During construction16 instalments from month 1 to month 17 after purchase55%AED 6,853,000
On completionQ2 202840%AED 4,984,000
Paid before handoverAED 7,476,000

DAMAC plan PP-648039 (November 2026), published for 3 and 4-bedroom apartments. DAMAC's schedule shows 9% due immediately; the instalments total 104% of the price, so this includes the 4% DLD registration fee.

Amounts are worked on a 3-bedroom apartment at its starting price of AED 12,460,000. Change home type

Model your own price How payment plans work

For 3-bedroom apartments

Homes and prices

Canal Heights de GRISOGONO offers 3-bedroom apartments and 4-bedroom apartments. Open a home type for its payment schedule, buying costs and the nearest alternatives.

3-bedroom apartmentsLimitedFrom AED 12.46M3,113 sq ft, AED 4,003 per sq ft, One unit listed, on the 41st floor.4-bedroom apartmentsLimitedFrom AED 17.54M4,381 sq ft, AED 4,004 per sq ft, One unit listed, on the 41st floor.

Starting prices are the published figures from the sources listed on this page, checked 13 November 2026. Sterling figures are indicative conversions. Ask for today's availability before relying on any figure.

Apartments
3 to 4 bed
3,113 to 4,381 sq ft
Freehold

Developer: DAMAC Properties
Location: Business Bay, Dubai
Sales launched: March 2023
Brand: de GRISOGONO
Golden Visa: Prices reach the AED 2 million threshold

Overview

The first of DAMAC's two de GRISOGONO branded Canal Heights towers on the Dubai Canal in Business Bay. In November 2026 DAMAC listed one three-bedroom and one four-bedroom apartment, from AED 12,460,000.

Canal Heights de GRISOGONO is a residential tower by DAMAC on the edge of the Dubai Canal in Business Bay, and the first of two Canal Heights towers. Its interiors are branded by the jewellery house de GRISOGONO, and the amenities follow a pearl theme: a pearl museum, yoga domes, a rooftop café, an infinity pool and a shell-shaped pool. DAMAC's FAQ describes the tower as studios and one and two-bedroom apartments. DAMAC's records give a sales launch in March 2023.

In November 2026 DAMAC was not offering those smaller units online. On 13 November its site listed two large apartments, both on the 41st floor: a three-bedroom of 3,113 sq ft with five bathrooms at AED 12,460,000, and a four-bedroom of 4,381 sq ft with six bathrooms at AED 17,543,000. Both work out at about AED 4,000 per sq ft. These are the units on offer in November 2026, not the full range in the building. Neither type appears in DAMAC's list of unit types, so ask for the floor plan before going further. Property Finder showed 39 resale listings in the tower, the more likely route for a studio or a one or two-bedroom apartment.

The schedule DAMAC publishes for both units (November 2026) asks for 9% immediately, 55% in 16 instalments within 17 months of purchase, and 40% on completion. The instalments add up to 104% of the price because the first payment includes the 4% DLD registration fee, so on the price itself the plan is 5/55/40. The project page shows a payment plan headline of 1% without explaining it; the published schedule is the one to work from.

Completion dates differ. DAMAC's headline gives Q2 2027 and its unit listings give Q2 2028. Property Finder gives June 2027 and recorded construction as 23.61% complete on 27 December 2025. We show the later DAMAC date, Q2 2028, and suggest asking DAMAC for the current construction stage and the date in the sale agreement.

Who it suits: buyers looking for a large, high-floor branded apartment beside the canal, five minutes by car from The Dubai Mall and City Walk on DAMAC's figures. What to weigh: only two units are offered, at prices that leave a narrow resale market; 60% of the price is due within about 17 months; and service charges for a tower with this many shared facilities have not been published.

Buying costs

Government fees are paid on top of the purchase price. This is the position for the entry-level home; costs scale with price. In Dubai the registration authority is the DLD.

Purchase priceEntry 3-bedroom apartment at Canal Heights de GRISOGONOAED 12,460,000

DLD transfer fee (4%)Paid to the Dubai Land Department on registration. The department lists it as 2% from each party, but contracts almost always pass the full 4% to the buyer, so a developer's '50% DLD waiver' means the developer is paying its own listed half. Off-plan, it is paid when the sale is registered in the Oqood system.AED 498,400

Oqood registration admin feeOqood portal fee of AED 1,000 plus knowledge and innovation fees, for registering the off-plan sale contract.AED 1,020

Estimated total to completeAED 12,959,420about £2.66M

Developers may add their own administration charge on off-plan sales. It is set by the developer, not the land department, so it is not included in this estimate: ask for it in writing before you reserve. Adjust the assumptions in the buying cost calculator.

Golden Visa. Every unit type here is priced above AED 2 million, the threshold for the 10-year visa by property. Check eligibility

Location

On the edge of the Dubai Canal in Business Bay. DAMAC places it a few minutes from the Burj area, The Dubai Mall, Dubai Opera, City Walk, Jumeira and Sheikh Zayed Road.

Map data © OpenStreetMap contributors (ODbL). Tiles Esri

View on map

The Dubai Mall: 5 min
City Walk: 5 min
Box Park: 5 min
Emirates Hospital: 5 min
Safa British School: 5 min
Mall of the Emirates: 15 min
Dubai International Airport: 20 min
Al Maktoum International Airport: 35 min

Approximate drive times in normal traffic.

About Business Bay

About five minutes by car from Downtown Dubai and 15 minutes from Dubai International Airport (Bayut area guide)
Red Line metro at Business Bay station
Dubai Water Canal promenade for walking, running and waterside restaurants
Very wide choice of buildings and developers at every budget

Business Bay area guide

Amenities

Pearl museum
Restaurant
Rooftop café
Yoga domes
Infinity pool
Shell-shaped pool

Developer: DAMAC Properties

Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers.

Founded: 2002
Headquarters: Dubai, UAE
Ownership: Privately held by founder Hussain Sajwani. Listed on the Dubai Financial Market from 2015 and delisted in 2022 after he bought out the minority shareholders.

DAMAC Properties profile and track record

Adviser's view

What works

On the Dubai Canal, five minutes from The Dubai Mall and City Walk on DAMAC's figures.
Large layouts: 3,113 sq ft for the three-bedroom and 4,381 sq ft for the four-bedroom on offer.
de GRISOGONO branded interiors and an unusual set of shared facilities, including a pearl museum and yoga domes.
An established resale market in the tower, with 39 listings on Property Finder in November 2026.

What to weigh

Only one three-bedroom and one four-bedroom apartment were offered by DAMAC in November 2026.
Completion is shown as Q2 2027 and Q2 2028 on DAMAC's site, and as June 2027 on Property Finder.
60% of the price falls due within 17 months of purchase.
Service charges are not published; ask for the building's budget before committing.

Questions buyers ask

What is the price at Canal Heights de GRISOGONO?

On 13 November 2026 DAMAC listed a three-bedroom apartment of 3,113 sq ft at AED 12,460,000 and a four-bedroom apartment of 4,381 sq ft at AED 17,543,000. Studios and one and two-bedroom apartments were not offered on DAMAC's site.

When is Canal Heights de GRISOGONO due for handover?

DAMAC's unit listings give Q2 2028, while its project headline shows Q2 2027 and Property Finder gives June 2027. Confirm the completion date in the sale agreement.

What is the payment plan at Canal Heights de GRISOGONO?

DAMAC's November 2026 plan (PP-648039) asks for 9% immediately, which includes the 4% DLD registration fee, then 55% in 16 instalments within 17 months of purchase and 40% on completion.

Who is the developer of Canal Heights de GRISOGONO?

Canal Heights de GRISOGONO is being developed by DAMAC Properties. About DAMAC Properties: Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers.

Can foreigners buy at Canal Heights de GRISOGONO?

Yes. Business Bay is a designated area where buyers of any nationality can own freehold property, whether or not they live in the UAE. The purchase is registered with the DLD.

Does buying at Canal Heights de GRISOGONO qualify for a Golden Visa?

Homes priced at AED 2 million or more can support an application for the UAE's 10-year Golden Visa. At Canal Heights de GRISOGONO, every unit type starts above that level. Approval is at the authorities' discretion and off-plan purchases have their own conditions: see our Golden Visa guide.

What fees are payable on top of the price at Canal Heights de GRISOGONO?

The main cost is the DLD transfer fee (4%). On the entry price of AED 12,460,000 that comes to about AED 498,400, plus small administration charges. There is no stamp duty, no annual property tax and no tax on rental income for individuals in the UAE, though your home country may tax you. Our buying cost calculator itemises it.

Sources and verification

Facts on this page were last checked on 13 November 2026. Prices, availability and payment plans are set by the developer and can change without notice; treat them as a guide until you have a current offer in writing.

Start your enquiry

Starting prices are the published figures from this page's sources, checked 13 November 2026.

Choose a home type

3-bedroom apartments

5/55/40 plan

Due on booking: AED 623,000
Paid before handover: AED 7,476,000 (60%)
Registration fees, estimate: AED 499,420
Total to complete: AED 12,959,420

Fees are the published registration charges. Developers usually collect them at or soon after booking and can add their own administration charge. Every stage