Home
Dubai prices
About
Research
BuildingBusiness Bay

Canal Bay

Two-beds to three-beds in Business Bay. 43 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 23 October 2026
Typical price per sqftAED 2,064Down 1.0% on the year
Typical saleAED 2.33M43 sales
Typical rentAED 130K /yrAED 110 per sqft
Typical yield5.3%gross, before service charges
Follow Canal Bay

About Canal Bay

Canal Bay is a freehold apartment building in Business Bay, in central Dubai beside Downtown Dubai. It has 18 storeys and 118 apartments, in two and three-bedroom layouts from 1,100 to 4,970 sqft. Its neighbouring buildings include Mayfair Residency, Binghatti Skyhall and Mayfair Tower. Several everyday needs are within walking distance. Better 1 supermarket and Numu Nursery Business Bay are about 100 m away. THEMARK mall, J'Adore Medical Clinic and Bayside Park 3 are each about 300 m away, and Proton Academy is about 400 m away. Business Bay metro station (Red Line) is about 2 km away, on the Sheikh Zayed Road side of the district. The Burj Khalifa/Dubai Mall station is one stop north of it.

118 apartments over 18 floors: 102 two-beds of 1,100 to 4,970 sqft and 16 three-beds of 1,449 to 3,169 sqft.

43 apartments sold in the 12 months to October 2026, at a median of AED 2,064 per sqft, down 1.0% on the year before. Most of the trading is in two-beds: 41 of the 43 sales, at AED 1,977,000 to 2,850,000, which is why the typical sale sits below the price of its larger homes. 40 rental contracts were registered over the same 12 months, at a typical AED 130,000 a year.

Floors
18
Units
118
Unit types
2-bed to 3-bed

Business Bay, Dubai

Average prices in Canal Bay

In Canal Bay, typical sale prices over the last 12 months were around AED 2,330,000 for two-beds and AED 3,410,000 for three-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Canal Bay

1,7502,0002,250May 2026Nov 20262025-11-11: AED 1,630, 2-bed, 1,364 sqft2025-11-11: AED 2,212, 2-bed, 1,112 sqft2025-11-13: AED 1,756, 2-bed, 1,326 sqft2025-11-18: AED 2,064, 2-bed, 1,100 sqft2025-11-26: AED 2,158, 2-bed, 1,112 sqft2025-12-04: AED 1,657, 2-bed, 1,327 sqft2025-12-05: AED 2,100, 2-bed, 1,100 sqft2025-12-05: AED 2,164, 2-bed, 1,100 sqft2025-12-08: AED 2,082, 2-bed, 1,100 sqft2025-12-08: AED 1,779, 2-bed, 1,326 sqft2025-12-08: AED 1,830, 2-bed, 1,327 sqft2025-12-08: AED 2,275, 2-bed, 1,112 sqft2025-12-08: AED 2,139, 2-bed, 1,264 sqft2025-12-08: AED 2,259, 2-bed, 1,228 sqft2025-12-08: AED 2,291, 3-bed, 1,449 sqft2025-12-09: AED 1,740, 2-bed, 1,264 sqft2025-12-10: AED 2,118, 2-bed, 1,100 sqft2025-12-26: AED 2,198, 2-bed, 1,228 sqft2026-01-07: AED 2,214, 2-bed, 1,264 sqft2026-01-15: AED 2,100, 2-bed, 1,100 sqft2026-01-21: AED 1,696, 2-bed, 1,326 sqft2026-01-22: AED 2,082, 2-bed, 1,100 sqft2026-01-22: AED 2,176, 2-bed, 1,112 sqft2026-01-23: AED 2,320, 2-bed, 1,228 sqft2026-01-30: AED 2,415, 3-bed, 1,449 sqft2026-02-02: AED 2,046, 2-bed, 1,100 sqft2026-02-02: AED 2,064, 2-bed, 1,100 sqft2026-02-02: AED 1,741, 2-bed, 1,326 sqft2026-02-12: AED 1,763, 2-bed, 1,327 sqft2026-02-19: AED 1,748, 2-bed, 1,327 sqft2026-02-20: AED 2,023, 2-bed, 1,100 sqft2026-03-02: AED 2,046, 2-bed, 1,100 sqft2026-04-14: AED 2,194, 2-bed, 1,112 sqft2026-04-14: AED 2,238, 2-bed, 1,228 sqft2026-04-17: AED 2,082, 2-bed, 1,100 sqft2026-04-21: AED 1,909, 2-bed, 1,100 sqft2026-04-29: AED 1,711, 2-bed, 1,326 sqft2026-05-11: AED 1,937, 2-bed, 1,264 sqft2026-05-13: AED 1,734, 2-bed, 1,326 sqft2026-06-19: AED 1,778, 2-bed, 1,112 sqft2026-07-29: AED 2,135, 2-bed, 1,264 sqft2026-09-17: AED 1,846, 2-bed, 1,327 sqft2026-09-17: AED 2,056, 2-bed, 1,264 sqftTrend: AED 2,040 to AED 1,940

Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.

Transaction history in Canal Bay

  • Completed2-bed · 1,327 sqft 17 Sep 2026AED 2,450,0001,846 /sqft
  • Completed2-bed · 1,264 sqft 17 Sep 2026AED 2,600,0002,057 /sqft
  • Completed2-bed · 1,264 sqft 29 Jul 2026AED 2,700,0002,136 /sqft
  • Completed2-bed · 1,111 sqft 19 Jun 2026AED 1,977,0001,778 /sqft
  • Completed2-bed · 1,326 sqft 13 May 2026AED 2,300,0001,734 /sqft
  • Completed2-bed · 1,264 sqft 11 May 2026AED 2,450,0001,938 /sqft
  • Completed2-bed · 1,326 sqft 29 Apr 2026AED 2,270,0001,712 /sqft
  • Completed2-bed · 1,099 sqft 21 Apr 2026AED 2,100,0001,910 /sqft
  • Completed2-bed · 1,099 sqft 17 Apr 2026AED 2,290,0002,082 /sqft
  • Completed2-bed · 1,228 sqft 14 Apr 2026AED 2,750,0002,239 /sqft

Over the last 12 months, Canal Bay has recorded 43 apartment sales. Typical homes sold for around AED 2.33M (about AED 2,064 per sqft) with a median size of 1,228 sqft; most were two-beds, from roughly AED 1.98M to AED 3.5M.

1–10 of 125

Units in Canal Bay

118 units
  • Unit 1023-bed · 3,169 sqftSold AED 3.2M, Apr 2025
  • Unit 1032-bed · 4,970 sqftSold AED 2.8M, Jan 2025
  • Unit 1042-bed · 2,225 sqftSold AED 2.5M, May 2025
  • Unit 1052-bed · 1,901 sqftSold AED 2.4M, Mar 2025
  • Unit 1062-bed · 1,364 sqftSold AED 2.23M, Nov 2025
  • Unit 2012-bed · 1,264 sqftSold AED 2.55M, Sep 2025
  • Unit 2023-bed · 1,449 sqftSold AED 3.05M, Apr 2025
  • Unit 2032-bed · 1,228 sqftSold AED 2.62M, Aug 2025
  • Unit 2042-bed · 1,112 sqftSold AED 2.4M, Nov 2025
  • Unit 2052-bed · 1,327 sqftSold AED 2.3M, Sep 2025
1–10 of 118
Every unit in Canal Bay, by number

By type: two-beds (102), three-beds (16).

Nearby in Business Bay

All 187 →
BuildingSale /sqftYield
Mayfair ResidencyAED 1,4527.3%
Binghatti SkyhallAED 2,4236.3%
Mayfair TowerAED 1,3947.9%
Rove Home Marasi DriveAED 3,301
Safeer Tower 2AED 1,4866.7%
1–5 of 186 · nearest first

Canal Bay in numbers

  • Across 43 DLD sales in the 12 months to October 2026, the median price in Canal Bay was AED 2,064 per sqft and the typical home sold for about AED 2.33M.
  • 18 floors of two-beds to three-beds.
  • Two-beds of 1,100 to 4,970 sqft sold for AED 1,977,000 to 2,850,000 between November 2025 and September 2026, a median AED 2,064 per sqft.
  • A two-bed of 1,100 to 4,970 sqft rents for AED 75,000 to 190,000 a year on the 38 contracts registered in the last 12 months.
  • Gross rental yield 5.3%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 23 October 2026.

Questions

How much does a two-bed in Canal Bay cost?

41 two-beds sold in the 12 months to October 2026, for AED 1,977,000 to 2,850,000; the median was AED 2,330,000, or AED 2,064 per sqft.

How much is a two-bed for rent in Canal Bay?

About AED 130,000 a year: that is the median of the 38 contracts for two-beds registered with Ejari in the 12 months to October 2026, from AED 75,000 to 190,000.

What is the rental yield in Canal Bay?

About 5.3% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Canal Bay gone up?

The median price per sqft fell from about AED 2,084 to AED 2,064 over the 12 months to October 2026, down 1.0%, on 43 sales against 80 the year before.

How many apartments are there in Canal Bay?

118, two-beds to three-beds. Each has its own page with its full sales and rental history.

For sale with OpenOffers in Business Bay

No Business Bay property is on the board today. Follow Business Bay to hear the day one is listed, or see what is for sale across Dubai with every offer public.

Follow Business BayProperties for sale