Canal Heights 2 by DAMAC: Jewellery-Inspired Waterfront Living
Freehold Canal-Front Apartments with 6–8% Yields, Business Bay
Canal Heights 2 is a 44-storey freehold residential tower by DAMAC Properties in collaboration with luxury jeweller de GRISOGONO. With 376 apartments starting from £582,002 and all units exceeding the AED 2 million threshold, every purchase qualifies for the UAE Golden Visa. Business Bay continues to deliver gross rental yields of 6–8% for well-positioned waterfront stock.
Blue Topaz Interiors and Resort-Scale Amenities
Inspired by the blue topaz gemstone, interiors feature cascading textures, shimmering accents and gold-toned finishes curated by de GRISOGONO. Residents access the Stars Lake infinity pool, Elite Stars Club, a dedicated beauty salon and jewellery café – all set along a landscaped waterfront promenade on the Dubai Canal.
Prime Connectivity to Downtown and DIFC
Positioned on the Dubai Water Canal in the heart of Business Bay, Canal Heights 2 sits minutes from Downtown Dubai, Dubai Mall and DIFC. For a broader view of the Dubai investment landscape, read our Dubai Investment Guide 2026.
For more details and guidance from our team, enquire now.
[Disclaimer] The property prices listed are based on the exchange rates available at the time of publication. Due to currency fluctuations, the actual price in your local currency may vary.
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DAMAC Properties, founded in 2002 and headquartered in Dubai, is one of the Middle East’s largest luxury developers with over 47,000 homes delivered across the UAE, Saudi Arabia, the UK and beyond. Notable projects include DAMAC Hills, AYKON City and partnerships with fashion houses Versace, Fendi and now de GRISOGONO. DAMAC is listed on the Dubai Financial Market and continues to expand its branded residences portfolio globally.
UK investors: Golden Visa-ready homes on the Dubai Canal
Business Bay has matured into one of Dubai’s most sought-after investment corridors for UK and international buyers. Its position between Downtown and DIFC delivers strong tenant demand from corporate professionals, while freehold ownership and zero income tax make it particularly compelling for overseas investors seeking net yield advantages.
Q: Do all units at Canal Heights 2 qualify for the UAE Golden Visa?
Yes. The lowest-priced unit starts at AED 2,828,000, well above the AED 2 million threshold required for a 10-year renewable Golden Visa.
Q: What rental yields can investors expect in Business Bay?
Business Bay typically delivers gross rental yields of 6–8%, supported by strong tenant demand from professionals working in DIFC and Downtown Dubai.
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