Apartment in Dubai, UAE, 37 m²

Canal Crown is a premium residential project of two towers from DAMAC Properties and de GRISOGONO. The new 38-storey complex in Business Bay will feature luxury residences on floors 2-35, and super-luxury residences on floors 36-37.

The luxury category includes studios and apartments with 1-2 bedrooms, while the deluxe category includes duplexes with 3-4 bedrooms. There will be only one duplex townhouse at the podium level. Property area – from 40 sq.m. m up to 442 sq. m. Additionally, DAMAC Properties offers entire floors with an area of 709–1,296 sq. m. m.

All residences will have a wraparound balcony overlooking the Dubai Water Canal or Burj Khalifa. The duplexes have a walk-in closet in the master bedroom, a maid's quarters and a private pool on the balcony.

The branded complex offers exclusive recreational amenities:

UFO - spa in space style;
aquatic gym;
swimming pool with virtual reality elements;
a garden with models of planets;
rooftop observation deck;
promenade with retail outlets and F&B establishments;
relaxation capsules.
Location

Canal Crown will be located along the Dubai Water Canal, next to Marasi Dr. Direct access to Ras Al Khor Road allows easy access to various areas of Dubai. In 15 minutes, residents can reach Dubai Creek Harbour, Festival City, Dubai International Airport and other popular places by car. The nearest bus stops include Fairview Residency 1, Clayton Residency 2, etc.

There are many infrastructure facilities within walking distance, including:

West Zone Fresh Supermarket;
Creative Kids Early Learning Center;
LIFE Pharmacy - Life Mayfair;
Raihan Chinese Medicine Center.
Emirates Hospital Clinics - Business Bay and Aster Clinic Business Bay are a 10-minute drive from the complex. It will take the same amount of time to travel to Downtown Dubai, where the Burj Khalifa, Dubai Mall, Dubai Opera and other iconic attractions are located.

Economic attractiveness

Construction of the complex will be completed in the second quarter of 2027. Purchasing property in Canal Crown will allow you to obtain a resident visa. For investments from AED 750 thousand (USD 204 thousand) a 2-year visa is granted, from AED 2 million (USD 545 thousand) - a 10-year “Golden visa”.

Once you receive a Golden Visa, you will be able to bring your spouse, children and household staff to the UAE. Its owners receive an Esaad card with promotions from 7 thousand brands in the UAE and 92 other countries.

Real estate in Canal Crown is a profitable investment that allows you to generate income from short-term or long-term rentals. The apartments will be popular among professionals and business representatives due to easy access to business facilities and the airport. The proximity of the complex to attractions and entertainment will attract the attention of tourists.

According to Property Finder, the ROI for one-bedroom apartments in Business Bay reached 5.8% in the second quarter of 2023. Rental prices here start from AED 58 thousand (USD 16 thousand) per year. Such indicators guarantee high income and quick payback.

When you purchase an entire floor, you can get a 2% discount and 1% cash back. For more information please contact our agents.