Project · Business Bay · Sale prices

Canal Bay Apartments Prices 2026

The median sale price of an apartment in Canal Bay was ⃃ 2,335,000 in the 12 months to 16 Oct 2026, based on 52 registered sales — 9.1% lower than the same 12 months a year earlier. The median price per square foot was ⃃ 2,060 (−1.7% year on year). That is 89.1% above the Dubai-wide median of ⃃ 1,235,000 for the same apartment mix.

Period: 12 months to 16 Oct 2026Compared with: same 12 months a year earlierSample: 52 salesUpdated: 17 Oct 2026
Median sale price
⃃ 2,335,000
−9.1% YoY
52 sales · the 12 months to 16 Oct 2026
Median price per sq ft
⃃ 2,060
−1.7% YoY
52 sales · the 12 months to 16 Oct 2026
Registered sales
52
−26.8% YoY
worth ⃃ 126.57M · the 12 months to 16 Oct 2026
Gross rental yield
5.57%
median rent ⃃ 130,000/yr · yield details

What are the key price figures for apartments in Canal Bay?

Every headline figure with its period and the evidence behind it.

Source: DXBinteract analysis of Dubai Land Department registered sales. Data to 16 Oct 2026.
MetricValuePeriodBasis
Median sale price⃃ 2,335,00012 months to 16 Oct 202652 sales; −9.1% vs the same 12 months a year earlier
Median price per sq ft⃃ 2,06012 months to 16 Oct 202652 sales; −1.7% vs the same 12 months a year earlier
Number of sales5212 months to 16 Oct 2026−26.8% vs the same 12 months a year earlier
Total sales value⃃ 126,572,00012 months to 16 Oct 2026−31.8% vs the same 12 months a year earlier
Lowest / highest sale⃃ 1.98M – ⃃ 3.5M12 months to 16 Oct 2026single registered sales (not typical prices)
Unit size range1,100 – 4,970 sq ftall units on record124 units
Median annual rent⃃ 130,00012 months to 16 Oct 202636 units currently rented
Gross rental yield5.57%12 months to 16 Oct 2026before service charges and vacancy; rounded to two decimal places
Capital appreciation0.0%12 months to 16 Oct 2026change in property value over the period
Units on record124current48 sold in the 12 months to 16 Oct 2026 (38.7% of stock)
Units available for sale15currentactive listings matched to units
Developer (primary) median price⃃ 2,450,000all time118 developer sales; ⃃ 2,080 per sq ft

How much does each bedroom size cost in Canal Bay?

Medians over the 12 months to 16 Oct 2026; each row links to its own page.

Sales = registered sales in the 12 months to 16 Oct 2026. YoY = median price vs the same 12 months a year earlier.
UnitMedian priceYoYPer sq ftSalesGross yield
2-bedroom apartment⃃ 2,330,000−6.0%⃃ 2,060505.58%

How have apartment prices in Canal Bay changed since 2024?

Median price per square foot and number of sales by calendar year. 2026 is year to date.

2024–2026 (to 16 Oct 2026)
Canal Bay median price per sq ft and sales by year
SalesMedian price per sq ft (⃃)
202482,049
2025922,094
2026 YTD252,045
Registered sales and median price per sq ft by year, Canal Bay, apartments. Source: DXBinteract. The same figures are in the table below.
2026 runs to 16 Oct 2026; its sales change is not shown because the source compares it with the whole of 2025.
YearSalesSales YoYValueMedian pricePer sq ftPer sq ft YoY
2026 (to 16 Oct 2026)25part year⃃ 60.71M⃃ 2,310,000⃃ 2,045−2.3%
202592+1050.0%⃃ 234.62M⃃ 2,460,000⃃ 2,094+2.2%
20248—⃃ 21.41M⃃ 2,590,000⃃ 2,049—

Transactions by year: 2026 · 2025 · 2024 · all years

How does Canal Bay compare with Business Bay and Dubai?

Same property mix, same window (the 12 months to 16 Oct 2026).

MetricCanal BayBusiness BayDubai
Median sale price⃃ 2,335,000⃃ 2,000,000⃃ 1,235,000
Median price per sq ft⃃ 2,060⃃ 2,450⃃ 1,730
Price per sq ft YoY−1.7%+0.9%+1.7%
Sales526,304142,843
Gross rental yield5.57%4.75%4.94%

What are the latest registered sales of apartments in Canal Bay?

The ten most recently registered sales. Individual sales are evidence, not typical prices.

DatePropertyTypeSizePricePer sq ftMarket
17/09/2026Canal Bay2 beds · Apartment1,264 sq ft⃃ 2,600,000⃃ 2,057Primary · Ready
17/09/2026Canal Bay2 beds · Apartment1,327 sq ft⃃ 2,450,000⃃ 1,846Primary · Ready
29/07/2026Canal Bay2 beds · Apartment1,264 sq ft⃃ 2,700,000⃃ 2,136Primary · Ready
19/06/2026Canal Bay2 beds · Apartment1,112 sq ft⃃ 1,977,000⃃ 1,778Resale · Ready
13/05/2026Canal Bay2 beds · Apartment1,326 sq ft⃃ 2,300,000⃃ 1,735Primary · Ready
11/05/2026Canal Bay2 beds · Apartment1,264 sq ft⃃ 2,450,000⃃ 1,938Resale · Ready
29/04/2026Canal Bay2 beds · Apartment1,326 sq ft⃃ 2,270,000⃃ 1,712Primary · Ready
21/04/2026Canal Bay2 beds · Apartment1,100 sq ft⃃ 2,100,000⃃ 1,909Resale · Ready
17/04/2026Canal Bay2 beds · Apartment1,100 sq ft⃃ 2,290,000⃃ 2,082Primary · Ready
14/04/2026Canal Bay2 beds · Apartment1,228 sq ft⃃ 2,750,000⃃ 2,239Primary · Ready

Use this chart on your site

Free to embed and share with the source line kept visible. The chart updates itself as new transactions are registered.

How these figures are calculated

Median, not average
Every price is the median of registered sales — half sold for more, half for less — so a handful of trophy deals cannot pull it up.
Period
Headline figures cover the 12 months to 16 Oct 2026; changes compare them with the same 12 months a year earlier. Calendar-year figures are in the history table; the current year is year to date.
Scope
All registered sales of apartments, both primary (developer) and resale, off-plan and ready. Gifts, grants and non-sale registrations are excluded.
Price per sq ft
Median of each sale’s price divided by its registered size in square feet.
Gross rental yield
Annual rent as a percentage of price, before service charges, fees and vacancy, as calculated in the source dataset and rounded to two decimal places.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-prices/canal-bay/apartments
Canal Bay Apartments Prices 2026. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-prices/canal-bay/apartments

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

What is the average property price in Canal Bay for apartments?
The median sale price of an apartment in Canal Bay was ⃃ 2,335,000 in the 12 months to 16 Oct 2026, from 52 registered sales. DXBinteract reports the median (the middle sale) rather than the arithmetic mean, so a few very large deals do not distort it.
What is the price per square foot in Canal Bay for apartments?
The median price per square foot of apartments in Canal Bay was ⃃ 2,060 in the 12 months to 16 Oct 2026, −1.7% compared with the same 12 months a year earlier.
How many properties were sold in Canal Bay in the last 12 months?
52 sales of apartments worth ⃃ 126,572,000 were registered in Canal Bay in the 12 months to 16 Oct 2026 (−26.8% year on year).
Are property prices in Canal Bay going up?
Over the 12 months to 16 Oct 2026 the median price per square foot of apartments in Canal Bay changed −1.7%. In calendar year 2025 it was ⃃ 2,094 (+2.2% on 2024), and ⃃ 2,045 so far in 2026.
What is the rental yield in Canal Bay for apartments?
The gross rental yield of apartments in Canal Bay is 5.57% (the 12 months to 16 Oct 2026), with a median annual rent of ⃃ 130,000. Gross yield is before service charges, fees and vacancy.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-prices/canal-bay/apartments