Canal Heights II By De GRISOGONO
- AVA001031Canal Heights II By De GRISOGONO, Marasi Drive, Business Bay, Dubai, United Arab Emirates
Canal Heights II By De GRISOGONO
- AVA001031Canal Heights II By De GRISOGONO, Marasi Drive, Business Bay, Dubai, United Arab Emirates
Canal Heights II by de GRISOGONO by DAMAC Properties is a landmark under-construction address on the banks of the Dubai Canal in Business Bay, one of Dubai's most central and stylish districts, surrounded by high-rises, trendy apartment buildings and popular hotels. Rising from the shining success of the first Canal Heights, the building glitters with gravitas: a curved, dynamic exterior that shines in the day and sparkles at night, presenting a wonderfully sculptural form beside the water. The residences span a curated collection of one, two, three and four-bedroom apartments together with three and four-bedroom super-luxury duplexes, each finished with the maison's signature Blue Topaz palette of shimmering blues, precious-stone accents and sculptural forms translated into the lobbies, homes and amenity spaces. In the grand lobby, cascading, flowing textures and muted, shimmering colours create a radiant, DAMAC-styled luxury arrival experience. The amenity programme draws on the jewellery house's world: swim beneath the stars in the Stars Lake infinity lap pool, whose bioluminescent edge glows under the night sky; strut a curated walkway towards the Elite Stars Club; socialise at the Jewellery Cafe surrounded by illuminated hues of green, red, turquoise and blue that echo DAMAC's most iconic buildings, over organic food, beverages and tropical mocktails; and relax in the beauty salon amid the soft shades and glistening accents of the Blue Topaz. Positioned beside the Dubai Canal, the tower places Downtown Dubai, the Burj Khalifa, The Dubai Mall and Sheikh Zayed Road within easy reach. Handover is scheduled for the third quarter of 2027, with starting prices from AED 2,828,000.
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 |
|---|---|---|---|---|
| 1 BHK | - | ₹7.37 Cr | Under Construction | |
| 2 BHK | - | Price on request | Under Construction | |
| 3 BHK | - | Price on request | Under Construction | |
| 4 BHK | - | Price on request | Under Construction | |
| Studio | - | Price on request | Under Construction |
Amenities
Indoor
- Elite Stars Club
- Jewellery Cafe
- Beauty salon
- Radiant grand lobby
Outdoor
- Stars Lake infinity lap pool with bioluminescent edge
- Curated walkway
- Landscaped podium deck
- Dubai Canal waterfront promenade
Security
- 24/7 security
Other
- Organic food and beverage venues
- Concierge service
Property Information
- Community: Business Bay
- Project Name: Canal Heights II by de GRISOGONO
- Listing Price: Starting from ₹7.37 Cr
- List Date: Aug 26, 2026
- Listing ID: AVA001031
- 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 19,242,000
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 Heights II By De GRISOGONO, Marasi Drive, Business Bay, Dubai, United Arab Emirates
- Airport: Dubai International Airport (DXB) - 17.5 km
- Metro: Business Bay Metro Station - 8.5 mins
- Highway: Sheikh Zayed Road & Al Khail Road
Around this home
The home plus curated, verified places nearby — each with its own guide.
Ownership economics
Will this home pay for itself?
1Buy
What you pay to own it.
2Earn
What it brings in as a holiday rental.
3Grow
What it could be worth.
Social Infrastructure
Key education, healthcare, and dining amenities near this property.