Canal Heights 1

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by DAMAC
415
Total Units
408
Sold
AED 1,471,000
Median Price
AED 2,860
Median Price /sqft
Construction progress: 36%
Start: Mar, 2023Completion: Dec, 2026

Canal Heights 1 Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio204430 sqft - 480 sqftAED 1.3M (2,810 /sqft)AED 2,500 /sqft
12.51
1 Bed142580 sqft - 920 sqftAED 2.5M (3,010 /sqft)AED 2,420 /sqft
24.19
2 Beds621,290 sqft - 1,600 sqftAED 3.9M (2,780 /sqft)AED 2,420 /sqft
14.94
3 Beds23,090 sqft - 3,110 sqftAED 2,430 /sqft
0
4 Beds14,380 sqft - 4,380 sqftAED 2,560 /sqft
0

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
2Apartment, 1507151,329 sqft23.59 sqft Check Availability
2Apartment, 30731,357 sqft26.01 sqft Check Availability
3Apartment, 4102413,113 sqft70.05 sqft Check Availability
4Apartment, 4103414,381 sqft113.64 sqft Check Availability
Commercial, RETAIL-011,584 sqft0 sqft Check Availability
Commercial, RETAIL-02665 sqft0 sqft Check Availability
Commercial, RETAIL-031,815 sqft0 sqft Check Availability
Commercial, RETAIL-044,341 sqft0 sqft Check Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment779 sqft16.43 sqft 10AED 2,265,000AED 2,908 /sqft 14, Nov 2024
1Apartment778 sqft16.43 sqft 10AED 2,251,000AED 2,893 /sqft 14, Nov 2024
1Apartment742 sqft15.08 sqft 10AED 1,966,000AED 2,650 /sqft 18, Aug 2023
1Apartment741 sqft14.99 sqft 10AED 1,966,000AED 2,653 /sqft 14, Aug 2023
StudioApartment462 sqft9.62 sqft 10AED 1,350,000AED 2,922 /sqft 14, Nov 2024
StudioApartment461 sqft9.58 sqft 10AED 1,348,000AED 2,924 /sqft 15, Nov 2024
StudioApartment469 sqft9.14 sqft 10AED 1,347,000AED 2,872 /sqft 10, Aug 2023
StudioApartment470 sqft9.05 sqft 10AED 1,347,000AED 2,866 /sqft 22, Aug 2023
StudioApartment467 sqft8.99 sqft 10AED 1,347,000AED 2,884 /sqft 21, Aug 2023
StudioApartment470 sqft8.98 sqft 10AED 1,347,000AED 2,866 /sqft 14, Aug 2023
StudioApartment462 sqft8.77 sqft 10AED 1,325,000AED 2,868 /sqft 08, Aug 2023
StudioApartment463 sqft8.94 sqft 10AED 1,325,000AED 2,862 /sqft 15, Aug 2023
StudioApartment449 sqft7.75 sqft 10AED 1,296,000AED 2,886 /sqft 17, Aug 2023
StudioApartment452 sqft7.3 sqft 10AED 1,294,000AED 2,863 /sqft 22, Aug 2023
StudioApartment451 sqft7.21 sqft 10AED 1,100,000AED 2,439 /sqft 18, Feb 2026

Canal Heights 1 Real Estate Data – FAQ

  • What is the current property supply in Canal Heights 1?

    Canal Heights 1 has a total residential supply of approximately units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Canal Heights 1?

    Canal Heights 1 recorded 33 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Canal Heights 1?

    The median transaction price in Canal Heights 1 is AED 2,820 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Canal Heights 1?

    The gross rental yield in Canal Heights 1 is approximately %, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Canal Heights 1?

    Property prices in Canal Heights 1 have shown a capital appreciation of 45% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Canal Heights 1?

    There are currently 1 active off-plan projects in Canal Heights 1, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Canal Heights 1?

    The total off-plan pipeline in Canal Heights 1 includes approximately 415 units, which will significantly impact future supply and pricing dynamics.

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  • Is Canal Heights 1 a good area for property investment?

    Canal Heights 1 is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Canal Heights 1, this is %, indicating relatively strong income performance compared to global markets.

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