Canal Crown By De GRISOGONO
- AVA001029Canal Crown By De GRISOGONO, Marasi Drive, Business Bay, Dubai, United Arab Emirates
Canal Crown By De GRISOGONO
- AVA001029Canal Crown By De GRISOGONO, Marasi Drive, Business Bay, Dubai, United Arab Emirates
Canal Crown by de GRISOGONO is a de GRISOGONO-branded luxury tower by DAMAC Properties set directly on the Dubai Canal in Business Bay, one of Dubai's most sought-after central districts, moments from Downtown Dubai and the Burj Khalifa. The project marks another DAMAC collaboration with a world-renowned luxury house, following the maison's Swiss high-jewellery heritage, and takes its design cues from the peridot, the 'stone of compassion'. Every element, from the sculptural crowned silhouette to the flowing, curvilinear interiors, is conceived to evoke an ethereal, cosmic world.
The tower (configuration 2B + G + 3P + 38 + Roof) houses a range of residences: studios (from ~432 sq ft), one-bedroom apartments (from ~811 sq ft), two-bedroom apartments (~1,475 sq ft) and two-bedroom duplexes (~3,961 sq ft) across levels 2-35, with super-luxury three-bedroom (~4,591 sq ft) and four-bedroom (~4,761 sq ft) duplexes on levels 36-37 and an observation deck on level 38. Interiors feature de GRISOGONO-inspired detailing, full-height glazing and panoramic canal, Downtown and Burj Khalifa views.
The amenity programme is themed around space and the universe: a planet-inspired garden, UFO spa relaxation pods, aqua-exercise and Swim VR experiences, an observatory deck unveiling views of Downtown Dubai, the Dubai Canal and beyond, a grand celestial lobby and a waterfront promenade lined with curated retail and dining. Positioned on Marasi Drive along the canal, the development combines a branded-residence lifestyle with the connectivity and rental demand of Business Bay. Handover is planned for Q1 2027 and DAMAC offers an extended construction-linked payment plan.
Property Details
- Micro-market
- Business Bay / Dubai Canal
- Configuration
- Apartment
- Property Type
- Apartment
- Status
- Under Construction
Project Timeline
Key milestones for this project, updated as the developer confirms them.
Project announcement
Booking Started
Construction Started
Expected Completion
To be announced soon
Available Properties
Project variants for under-construction developments - unit types, sizes, starting prices and possession dates.
Inventory Type
| Variant | Size | Starting Price | Possession | CTA |
|---|---|---|---|---|
| Studio | 432 sq ft | ₹9.12 Cr | Under Construction | |
| 1 BHK | 811 sq ft | Price on request | Under Construction | |
| 2 BHK | 1,475 sq ft | Price on request | Under Construction | |
| 2 BHK | 3,961 sq ft | Price on request | Under Construction | |
| 3 BHK | 4,591 sq ft | Price on request | Under Construction | |
| 4 BHK | 4,761 sq ft | Price on request | Under Construction |
Amenities
Indoor
- UFO spa relaxation pods
- Swim VR experience
- Grand celestial lobby
Outdoor
- Infinity swimming pool
- Planet-inspired garden
- Aqua-exercise pool
- Observatory / observation deck
- Waterfront promenade
- Landscaped podium deck
Other
- Retail and dining promenade
- Dubai Canal frontage
- Downtown Dubai and Burj Khalifa views
Property Information
- Community: Business Bay
- Project Name: Canal Crown by de GRISOGONO
- Listing Price: Starting from ₹9.12 Cr
- List Date: Aug 26, 2026
- Listing ID: AVA001029
- Status: Under Construction
- Construction Type: Canal-front branded residential tower
- Security: 24/7 security
Legal Information
Indicative legal & tax information based on available documents; verify with your lawyer before transacting.
- RERA Applicable
- Yes
- Occupancy Certificate
- No
- Authority
- Dubai Land Department (RERA)
- Fire NOC
- No
Can you own this, and how?
Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.
I am buying as:
- Status
- Permitted, freehold anywhere in Dubai
- What you actually hold
- You hold freehold title registered with the Dubai Land Department. There is no area restriction on where you may own.
- Key rules and restrictions
- GCC nationals are treated on the same footing as UAE nationals for ownership purposes.
- A company owned wholly by GCC nationals gets the same treatment.
- Some master communities impose their own transfer conditions through the developer.
- Funds and process
- Pay through UAE banking channels. The transfer completes at a Dubai Land Department trustee office where the title deed is issued on the day.
- Taxes
- The Dubai Land Department transfer fee is 4% of the price, split 2% each in law but paid in full by the buyer in most deals, plus a trustee office fee and a title deed issuance fee. There is no annual property tax and no capital gains tax in the UAE.
- Verify before you buy
- Get a title deed copy and check it against the Dubai REST app.
- Ask for the developer no-objection certificate confirming service charges are clear.
Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in the UAE before you commit.
Investment Information
- Type: Off-plan DAMAC x de GRISOGONO branded Business Bay tower; canal-front; per-type prices not published (project 'from' price shown)
- Property Tax Jurisdiction: UAE - 0% property tax on residential
- Capital Gains Tax: Project price range up to AED 9,364,000
About the developer
DAMAC Properties is a Dubai-headquartered residential developer founded in 2002 by Hussain Sajwani, and one of the largest private developers in the UAE. It builds master communities and towers in Dubai and internationally, and is known for fashion-branded residences developed with houses such as Versace and Cavalli. The company was previously listed on the Dubai Financial Market and is now privately held by the Sajwani family.
Location
Canal Crown By De GRISOGONO, Marasi Drive, Business Bay, Dubai, United Arab Emirates
- Airport: Dubai International Airport (DXB) - 15.5 km
- Metro: Business Bay Metro Station - 2.2 km
- Highway: Sheikh Zayed Road (E11) - 3.1 km
- Highway: Al Khail Road (E44) - 4.2 km
- Shopping: Bay Avenue Community Market - 1.6 km
- Shopping: Downtown Boulevard Retail - 3.3 km
- Tourist hub: Burj Khalifa
Around this home
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Ownership economics
Will this home pay for itself?
1Buy
What you pay to own it.
2Earn
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3Grow
What it could be worth.
Social Infrastructure
Key education, healthcare, and dining amenities near this property.