1001, Canal Bay
Sold prices and rental history: sold once, by the developer in November 2024, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Canal Bay
What is 1001 worth today?
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Source: Dubai Land Department. Updated 19 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,264 sqft
- Floor
- 10th of 18
- Parking
- P2-1001
- Last sold
- AED 2.59M · November 2024
- Building
- Canal Bay
About 1001, Canal Bay
1001 is a two-bedroom apartment of 1,264 sqft on the 10th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 27 November 2024 for AED 2,590,000, or AED 2,048 per sqft, 7% above the AED 1,913 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 19 August 2026. The current contract, signed on 19 August 2026, is AED 190,000 a year: a gross yield of 7.3% on the 2024 price.
Sales and rents for 1001 over time
1001 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Canal Bay, and where 1001 sits
All 102 2-beds →1001 last sold in November 2024 at AED 2,048 per sqft, 7% above what two-beds in Canal Bay were fetching at the time (AED 1,913). Over the last 12 months two-beds sold for AED 1,977,000 to 2,850,000, around AED 2,064 per sqft, and rent for AED 75,000 to 190,000 a year. 1001's AED 190,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 1,264 sqft | 2,600,000 | 2,056 | ||
| 17 Sep 202617 September 2026 | 1,327 sqft | 2,450,000 | 1,846 | ||
| 29 Jul 202629 July 2026 | 1,264 sqft | 2,700,000 | 2,135 | ||
| 19 Jun 202619 June 2026 | 1,112 sqft | 1,977,000 | 1,778 |
Canal Bay
Building118 apartments, 2-bed to 3-bed over 18 floors in Business Bay. 43 sold in the last 12 months.
- Typical price per sqft
- AED 2,064 Down 1.0%
- Typical sale
- AED 2.33M
- Typical rent
- AED 130K /yr
- Typical yield
- 5.3%
Other units on the 10th floor
All 118 units in Canal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 3-bed | 1,449 sqft | AED 3.13MAED 3,130,000 · Dec 2024December 2024 | ||
| 1003 | 2-bed | 1,228 sqft | AED 2.66MAED 2,660,000 · Apr 2025April 2025 | ||
| 1004 | 2-bed | 1,112 sqft | AED 2.44MAED 2,440,000 · Sep 2025September 2025 | 105,000 /yr | |
| 1005 | 2-bed | 1,327 sqft | AED 2.2MAED 2,200,000 · Dec 2025December 2025 | ||
| 1006 | 2-bed | 1,326 sqft | AED 2.27MAED 2,270,000 · Sep 2025September 2025 | ||
| 1007 | 2-bed | 1,100 sqft | AED 2.29MAED 2,290,000 · Jan 2026January 2026 | 125,000 /yr |
1001, Canal Bay in numbers
- Sold once: by the developer on 27 November 2024 for AED 2,590,000, or AED 2,048 per sqft.
- Rented since August 2026 on one Ejari contract, at AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2024 price is 7.3%.
- Two-beds in Canal Bay sold for AED 1,977,000–2,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,064 per sqft.
Source: Dubai Land Department. Updated 19 August 2026.
Questions about 1001, Canal Bay
What did unit 1001 last sell for?
AED 2,590,000 on 27 November 2024, sold by the developer: AED 2,048 per sqft for 1,264 sqft. It is the only registered sale of the unit.
What is the rent for unit 1001?
AED 190,000 a year on the contract signed on 19 August 2026.
How big is unit 1001?
1,264 sqft (117.4 sqm): a two-bedroom apartment on the 10th floor of a 18-storey tower.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Canal Bay sold for AED 1,977,000 to 2,850,000 in the last 12 months, around AED 2,064 per sqft.
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Mortgage on 1001, Canal Bay
Starts from the last sale price (AED 2.59M, 27 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,590,000
- Deposit, UAE resident (20%)
- AED 518,000
- Deposit, non-resident (40%)
- AED 1,036,000
- Monthly over 25 years at 3.7%
- AED 10,596
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →