About Canal Heights 2
Canal Heights 2 is a residential and commercial tower by Resta Real Estate Development, in Business Bay, Dubai. It rises 47 storeys (4 basement levels, a ground floor, 3 podium levels and 43 floors), built as a concrete structure with internal and external finishes. The project comprises 505 homes.
Key information
Developer
Resta Real Estate Development
- Expected handover
- Q1 2027
- Status
- Under construction
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2023
- Number of buildings
- 1
- Number of units
- 505
- Registered with DLD
- 29 Mar 2023
- Escrow bank
- Emirates NBD
- Escrow account no.
- 0205839628402
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2023
- Under construction36% complete
- Expected handoverQ1 2027
Construction progress
49 inspection photos from the Dubai Land Department. Latest 14 Aug 2026 at 36% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
8 Elevators
48 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
498
Median price
AED 1.4M
Median price / sqft
AED 3K-1%
Off-plan share
100%
Priced 69% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 278 | 469 sqft | AED 1.4M | AED 3K |
| 1 Bed | 172 | 806 sqft | AED 2.3M | AED 3K |
| 2 Bed | 38 | 1,349 sqft | AED 3.8M | AED 3K |
| 3 Bed | 8 | 2,345 sqft | AED 6.7M | AED 3K |
| 4 Bed | 2 | 4,554 sqft | AED 18.4M | AED 4K |
Price per sqft by year
-1% since 2023AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 20 Aug 2026 | Off-plan | 456 sqft | AED 1.3M | AED 3K |
| 29 Jul 2026 | Off-plan | 1,330 sqft | AED 3.6M | AED 3K |
| 16 Jul 2026 | Off-plan | 823 sqft | AED 2.3M | AED 3K |
| 29 Jun 2026 | Off-plan | 458 sqft | AED 1.3M | AED 3K |
| 03 Jun 2026 | Off-plan | 809 sqft | AED 2.2M | AED 3K |
| 16 Apr 2026 | Off-plan | 1,326 sqft | AED 3.8M | AED 3K |
| 13 Apr 2026 | Off-plan | 1,313 sqft | AED 3.8M | AED 3K |
| 13 Apr 2026 | Off-plan | 2,207 sqft | AED 5.8M | AED 3K |
Unit mix
505 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 4 | - |
| Studio | 262 | 430 - 563 sqft |
| 1 B/R | 171 | 638 - 1,077 sqft |
| 2 B/R | 55 | 1,263 - 4,091 sqft |
| 3 B/R | 11 | 2,205 - 3,341 sqft |
| 4 B/R | 2 | 4,432 - 4,676 sqft |
Payment plan
Payment plans are set by Resta Real and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Canal Heights 2 has a planned handover of Q1 2027, and the latest DLD inspection puts construction at 36% complete.
