About Canal Heights
Canal Heights is a residential and retail tower by Vesta Real Estate Development, in Business Bay, Dubai. It rises 46 storeys (3 basement levels, a ground floor, 3 podium levels and 42 floors), built as a concrete structure with internal and external finishes. The project comprises 415 homes.
Key information
Developer
Vesta Real Estate Development
- Expected handover
- Q4 2026
- Status
- Under construction
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2023
- Number of buildings
- 1
- Number of units
- 415
- Registered with DLD
- 16 Mar 2023
- Escrow bank
- Emirates NBD
- Escrow account no.
- 0205837430102
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2023
- Under construction36% complete
- Expected handoverQ4 2026
Construction progress
47 inspection photos from the Dubai Land Department. Latest 17 Aug 2026 at 36% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
6 Elevators
50 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
463
Median price
AED 1.4M
Median price / sqft
AED 3K+0%
Off-plan share
100%
Priced 67% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 236 | 463 sqft | AED 1.3M | AED 3K |
| 1 Bed | 162 | 799 sqft | AED 2.2M | AED 3K |
| 2 Bed | 64 | 1,410 sqft | AED 3.9M | AED 3K |
| 3 Bed | 1 | 3,126 sqft | AED 12.6M | AED 4K |
Price per sqft by year
+0% since 2023AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 21 Aug 2026 | Off-plan | 1,333 sqft | AED 3.5M | AED 3K |
| 14 Aug 2026 | Off-plan | 1,350 sqft | AED 3.3M | AED 2K |
| 04 Aug 2026 | Off-plan | 467 sqft | AED 1.3M | AED 3K |
| 04 Aug 2026 | Off-plan | 460 sqft | AED 1.3M | AED 3K |
| 06 Jul 2026 | Off-plan | 454 sqft | AED 1.3M | AED 3K |
| 28 Apr 2026 | Off-plan | 1,409 sqft | AED 4.0M | AED 3K |
| 31 Mar 2026 | Off-plan | 818 sqft | AED 2.5M | AED 3K |
| 30 Mar 2026 | Off-plan | 716 sqft | AED 1.9M | AED 3K |
Unit mix
415 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 4 | - |
| Studio | 204 | 430 - 479 sqft |
| 1 B/R | 142 | 583 - 923 sqft |
| 2 B/R | 62 | 1,286 - 1,597 sqft |
| 3 B/R | 2 | 3,090 - 3,113 sqft |
| 4 B/R | 1 | 4,381 sqft |
Payment plan
Payment plans are set by Vesta 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 has a planned handover of Q4 2026, and the latest DLD inspection puts construction at 36% complete.
