--- title: "Canal Heights 2 de GRISOGONO by DAMAC Properties" canonical: https://www.uaepropertyagents.com/dubai/business-bay/canal-heights-2-de-grisogono markdown: https://www.uaepropertyagents.com/md/dubai/business-bay/canal-heights-2-de-grisogono.md type: development description: "The second de GRISOGONO branded Canal Heights tower on the Dubai Canal in Business Bay. DAMAC listed one, two and three-bedroom apartments from AED 2,828,000 in November 2026, with handover shown as Q3 2028." last_verified: 2026-11-13 sources: 5 publisher: "UAE Property Agents (Omnia)" language: en-GB usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting." --- # Canal Heights 2 de GRISOGONO by DAMAC Properties > The second de GRISOGONO branded Canal Heights tower on the Dubai Canal in Business Bay. DAMAC listed one, two and three-bedroom apartments from AED 2,828,000 in November 2026, with handover shown as Q3 2028. Facts last verified 13 November 2026 against the sources listed at the end. ## Key facts | Fact | Value | | --- | --- | | Developer | [DAMAC Properties](https://www.uaepropertyagents.com/developers/damac) | | Location | [Business Bay](https://www.uaepropertyagents.com/dubai/business-bay), Dubai | | Status | under construction | | Developer's handover target | Q3 2028 | | Sales launched | 2023-03 | | Tenure | freehold | | Price | From AED 2,828,000 to AED 19,000,000 (published figure, 13 November 2026) | | Average price per sq ft | AED 3,383 | | Home types | 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, 4-bedroom apartments | | Brand | de GRISOGONO | | Golden Visa value test | Some homes are priced at or above AED 2,000,000 | ## Overview Canal Heights 2 de GRISOGONO is the second of two Canal Heights towers that [DAMAC](https://www.uaepropertyagents.com/developers/damac) is building on the edge of the Dubai Canal in [Business Bay](https://www.uaepropertyagents.com/dubai/business-bay). Like its neighbour, it carries interiors branded by the jewellery house de GRISOGONO. DAMAC describes studios, one and two-bedroom apartments and three and four-bedroom duplexes, with a pool, an infinity lap pool, restaurants, a beauty salon and a lit swimming lake it calls the star lake. DAMAC's records give a sales launch in March 2023; Property Finder gives June 2023. On 13 November 2026 DAMAC's own site listed 19 apartments. Six one-bedroom units ran from AED 2,828,000 to AED 3,306,000 and from 1,043 to 1,077 sq ft. Ten two-bedroom units ran from AED 3,434,000 to AED 6,909,000 and from 1,315 to 4,091 sq ft. Three three-bedroom units ran from AED 12,808,000 to AED 13,656,000 and from 3,097 to 3,319 sq ft. These are the units on offer in November 2026, not the full range in the building. Studios are not currently offered online. Property Finder also shows four-bedroom apartments from AED 19 million at 4,666 sq ft, and three-bedroom duplexes from AED 13 million. The schedule DAMAC publishes for these units (August 2026, shared with the first Canal Heights tower) asks for 9% immediately, 55% in 18 instalments within 19 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. Property Finder shows the original 20/60/20 launch plan, which no longer matches DAMAC's current terms. Completion dates differ. DAMAC's headline gives Q3 2027 and its unit listings give Q3 2028. Property Finder gives September 2027 and recorded construction as 22.56% complete on 27 December 2025. We show the later DAMAC date, Q3 2028, and suggest confirming the date in the sale agreement. Who it suits: buyers who want a branded one or two-bedroom apartment on the canal from under AED 3 million, five minutes from The Dubai Mall and City Walk on DAMAC's figures. Every one-bedroom apartment on offer is over 1,000 sq ft. What to weigh: the two-bedroom range is wide, so check the floor plan behind each price; 60% of the price is due within about 19 months; Property Finder showed 50 resale listings, which will compete with any unit you later sell; and service charges have not been published. ## Unit types and prices | Unit type | Price from | Price to | Size | Bathrooms | Availability | | --- | --- | --- | --- | --- | --- | | 1-bedroom apartments | AED 2,828,000 | AED 3,306,000 | 1,043 to 1,077 sq ft | | available | | 2-bedroom apartments | AED 3,434,000 | AED 6,909,000 | 1,315 to 4,091 sq ft | | available | | 3-bedroom apartments | AED 12,808,000 | AED 13,656,000 | 3,097 to 3,319 sq ft | | limited | | 4-bedroom apartments | AED 19,000,000 | | 4,666 sq ft | | limited | Prices are published starting prices from the developer or Property Finder, as each type's note says, checked 13 November 2026. ## Payment plans ### 5/55/40 - Booking deposit: 5% (On purchase) - During construction: 55% (18 instalments from month 1 to month 19 after purchase) - On completion: 40% (Q3 2028) Paid before handover: 60%. DAMAC plan PP-641418 (August 2026), published for 1, 2 and 3-bedroom apartments in Canal Heights 1 and 2. DAMAC's schedule shows 9% due immediately; the instalments total 104% of the price, so this includes the 4% DLD registration fee. ## What works - A real choice of stock: DAMAC listed 19 apartments across one, two and three bedrooms on 13 November 2026. - One-bedroom apartments of 1,043 to 1,077 sq ft, from AED 2,828,000. - On the Dubai Canal, five minutes from The Dubai Mall and City Walk on DAMAC's figures. - de GRISOGONO branded interiors, with an infinity lap pool and a beauty salon in the plan. ## What to weigh - Completion is shown as Q3 2027 and Q3 2028 on DAMAC's site, and as September 2027 on Property Finder. - 60% of the price falls due within 19 months of purchase. - Property Finder showed 50 resale listings, so there is competing stock in the same tower. - Four-bedroom and duplex prices come from Property Finder only, and service charges are not published. ## Location On the edge of the Dubai Canal in Business Bay, next to the first Canal Heights tower. DAMAC places it a few minutes from the Burj area, The Dubai Mall, Dubai Opera, City Walk, Jumeira and Sheikh Zayed Road. - The Dubai Mall: about 5 minutes - City Walk: about 5 minutes - Box Park: about 5 minutes - Emirates Hospital: about 5 minutes - Safa British School: about 5 minutes - Mall of the Emirates: about 15 minutes - Dubai International Airport: about 20 minutes - Al Maktoum International Airport: about 35 minutes ## Amenities - Swimming pool - Beauty salon - Infinity lap pool - Restaurants - Star lake ## Questions and answers ### What is the starting price at Canal Heights 2 de GRISOGONO? On 13 November 2026 DAMAC listed one-bedroom apartments from AED 2,828,000, two-bedroom from AED 3,434,000 and three-bedroom from AED 12,808,000. ### When is Canal Heights 2 de GRISOGONO due for handover? DAMAC's unit listings give Q3 2028, while its project headline shows Q3 2027 and Property Finder gives September 2027. Confirm the completion date in the sale agreement. ### What is the payment plan at Canal Heights 2 de GRISOGONO? DAMAC's August 2026 plan (PP-641418) asks for 9% immediately, which includes the 4% DLD registration fee, then 55% in 18 instalments within 19 months of purchase and 40% on completion. ### Are studios available at Canal Heights 2 de GRISOGONO? DAMAC describes studios in the tower, but none were offered on its site on 13 November 2026. The smallest units listed were one-bedroom apartments of 1,043 sq ft. ### Who is the developer of Canal Heights 2 de GRISOGONO? Canal Heights 2 de GRISOGONO is being developed by [DAMAC Properties](https://www.uaepropertyagents.com/developers/damac). 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 2 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 2 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 2 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](https://www.uaepropertyagents.com/guides/uae-golden-visa-property). ### What fees are payable on top of the price at Canal Heights 2 de GRISOGONO? The main cost is the DLD transfer fee (4%). On the entry price of AED 2,828,000 that comes to about AED 113,120, 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](https://www.uaepropertyagents.com/tools/purchase-cost-calculator) itemises it. ## Sources Facts on this page were last checked against these sources on 13 November 2026. - [DAMAC Properties: Canal Heights 2 de GRISOGONO](https://www.damacproperties.com/en/projects/canal-heights-2-de-grisogono/) - [DAMAC Properties: Canal Heights 2 1-bedroom apartments](https://www.damacproperties.com/en/projects/canal-heights-2-de-grisogono/properties/1-apartment/) - [DAMAC Properties: Canal Heights 2 2-bedroom apartments](https://www.damacproperties.com/en/projects/canal-heights-2-de-grisogono/properties/2-apartment/) - [DAMAC Properties: Canal Heights 2 3-bedroom apartments](https://www.damacproperties.com/en/projects/canal-heights-2-de-grisogono/properties/3-apartment/) - [Property Finder: Canal Heights 2](https://www.propertyfinder.ae/en/new-projects/damac-properties/canal-heights-2) --- Source page: https://www.uaepropertyagents.com/dubai/business-bay/canal-heights-2-de-grisogono. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.