Canal Heights 2 Property Development By Damac Properties
Last Updated on: 11th November 2024, 01:18 pm
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Canal Heights 2 is a remarkable new project developed by DAMAC Properties, strategically located in the vibrant Business Bay area of Dubai, near the prestigious Dubai Canal. This extraordinary waterfront property development features a stunning aesthetic inspired by high-end design and rare gems, ensuring it stands out in the competitive luxury real estate Dubai market. Offering an extensive array of living spaces, including studios, one to four-bedroom apartments, and duplexes, Canal Heights 2 aims to deliver an unparalleled waterfront living experience, with prices starting from AED 2,175,000. The project targets affluent buyers seeking premium residential options, contributing to the city’s luxurious lifestyle offerings. Investors can find more details on this exceptional opportunity in Canal Heights 21.
Key Takeaways
- Canal Heights 2 features various living spaces, including studios and duplexes.
- The best price for a studio starts at AED 1.29 million.
- Proximity to key attractions makes it an attractive option for investors.
- Average yearly rent for apartments begins at AED 60,000.
- The project aims for handovers in Q3 2027.
Overview of Canal Heights 2 Development
Canal Heights 2 is a premier offering in luxury living in Business Bay, devised by Damac Properties to redefine urban lifestyle. This exceptional development stands as a 44-storey residential building, boasting a blend of modern architecture and elegant interiors that caters to those seeking a premium residential development in the heart of Dubai.
Luxury Living in Business Bay
Residents will revel in breathtaking views of the Dubai Canal and the iconic Burj Khalifa, making it one of the most sought-after locations in luxury real estate Dubai. With construction commencing in 2024 and handover anticipated in March 2027, buyers can take advantage of innovative amenities designed for an exclusive lifestyle. Canal Heights 2 features a rich array of options including studios, one-, two-, and three-bedroom apartments, plus duplexes tailored for diverse needs2.
Designed by de GRISOGONO
This stunning project uniquely collaborates with de GRISOGONO, renowned for its luxury jewelry craftsmanship. Such partnerships elevate the residential experience, integrating sophisticated design elements throughout each living space. The building will also offer an impressive selection of amenities: a beauty salon, cabanas, a children’s pool, a gym, an infinity pool, and a beautifully landscaped pool deck, ensuring residents live in unparalleled comfort and style2. The presence of multiple educational institutions and supermarkets within walking distance adds to the convenience and allure of the location. Residents can enjoy quick commutes to key attractions; for example, it’s just 10 minutes to Dubai Mall and 20 minutes to the majestic Burj Al Arab2.
Investment Opportunities in Canal Heights 2
Canal Heights 2 by DAMAC Properties offers significant investment opportunities in Dubai real estate, attracting both seasoned and first-time investors. The prime location coupled with the luxurious amenities enhances its appeal, ensuring strong demand from renters and buyers alike.
Potential for Capital Appreciation
The potential for capital appreciation is one of the key factors making Canal Heights 2 an attractive investment. With the completion date set for September 2027 and an expected increase in property value projected at 10-20%, early investors can look forward to substantial returns. As the top property developer in Dubai, DAMAC Properties ensures that the project meets high standards and captures the interest of the luxury market34.
Rental Income Prospects
Canal Heights 2 showcases strong rental income prospects with suggested rental yields reaching up to 10-15% for short-term rentals and 8-10% for long-term leases. Studios are projected to rent for approximately AED 150,000 while larger units could achieve returns of up to AED 600,000, making this an appealing development for generating reliable income34. The flexible payment plans further enhance its attractiveness to potential investors.
Canal Heights 2 Amenities and Features
Residents of Canal Heights 2 can indulge in a variety of exclusive lifestyle offerings designed to enhance their living experience. The development features a selection of remarkable amenities in Canal Heights 2 that cater to both relaxation and recreation, encompassing state-of-the-art facilities like gyms, yoga studios, and luxurious spa services. Additionally, residents will enjoy a lavish infinity pool, a children’s playground, and carefully curated social spaces like the Elite Stars Club and the Exclusive Jewellery Café, creating opportunities for community engagement. Canal Heights 2 is an embodiment of luxury real estate Dubai, featuring premium apartments that range from studios to exquisite 4-bedroom duplexes.
Exclusive Lifestyle Offerings
This vibrant development in Business Bay not only offers premium living spaces but also ensures residents have access to top-tier amenities. The canal views property Dubai positioning allows for stunning vistas of iconic landmarks such as the Burj Khalifa, fostering an extraordinary living environment. Moreover, various dining options and retail outlets within the community enhance the convenience of luxurious living.
Proximity to Key Attractions
Canal Heights 2’s strategic location provides significant advantages, placing residents near popular destinations like the Dubai Mall and Dubai Opera. Such accessibility makes this development a hub for entertainment and cultural activities, thereby complementing the lavish lifestyle offered within the community. As a result, Canal Heights 2 presents itself not just as a residence, but as a conduit to experiencing the finest aspects of life in Dubai. Interested buyers can explore more about the project and its luxury real estate Dubai offerings and pricing details.
Conclusion
In summary, Canal Heights 2 emerges as a remarkable addition to the luxury real estate Dubai skyline, embodying the essence of modern living paired with exquisite design by Damac Properties. This property development is strategically located in Business Bay, providing not just a residence but a vibrant community for urban dwellers who seek both sophistication and convenience.
The collaboration with esteemed designer de GRISOGONO further enhances the appeal of Canal Heights 2, setting a new benchmark for luxury properties in the region. As Dubai continues to grow as a global hub, the investment potential surrounding Canal Heights 2 becomes increasingly promising, catering to discerning homebuyers and investors alike.
With its unparalleled amenities and proximity to notable attractions, Canal Heights 2 stands out as a prime choice for those seeking a blend of luxury and lifestyle. Embracing the future of urban living, this development reflects the thriving demand for upscale residential options in a dynamic environment. For more detailed information on relevant trends in real estate, refer to this study on the importance of preoperative that parallels the need for strategic decision-making in property investments5.