1602, Canal Bay
Sold prices and rental history: sold once, by the developer in December 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Canal Bay
What is 1602 worth today?
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Source: Dubai Land Department. Updated 8 December 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,449 sqft
- Floor
- 16th of 18
- Parking
- P1-1602-A,P1-1602-B
- Last sold
- AED 3.32M · December 2025
- Building
- Canal Bay
About 1602, Canal Bay
1602 is a three-bedroom apartment of 1,449 sqft on the 16th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 8 December 2025 for AED 3,320,000, or AED 2,291 per sqft, 6% above the AED 2,163 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
3-beds in Canal Bay, and where 1602 sits
All 16 3-beds →1602 last sold in December 2025 at AED 2,291 per sqft, 6% above what three-beds in Canal Bay were fetching at the time (AED 2,163). Over the last 12 months three-beds sold for AED 3,320,000 to 3,500,000, around AED 2,353 per sqft, and rent for AED 190,000 to 195,000 a year.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jan 202630 January 2026 | 1,449 sqft | 3,500,000 | 2,415 | ||
| 3 Jul 20253 July 2025 | 1,449 sqft | 3,170,000 | 2,187 | ||
| 12 Jun 202512 June 2025 | 1,449 sqft | 3,160,000 | 2,180 | ||
| 30 Apr 202530 April 2025 | 1,449 sqft | 3,070,000 | 2,118 |
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 16th floor
All 118 units in Canal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,264 sqft | AED 2.71MAED 2,705,000 · Dec 2025December 2025 | ||
| 1603 | 2-bed | 1,228 sqft | AED 2.78MAED 2,775,000 · Dec 2025December 2025 | ||
| 1604 | 2-bed | 1,112 sqft | AED 2.53MAED 2,530,000 · Dec 2025December 2025 | ||
| 1605 | 2-bed | 1,327 sqft | AED 2.43MAED 2,430,000 · Dec 2025December 2025 | ||
| 1606 | 2-bed | 1,326 sqft | AED 2.36MAED 2,360,000 · Dec 2025December 2025 | ||
| 1607 | 2-bed | 1,100 sqft | AED 2.38MAED 2,380,000 · Dec 2025December 2025 |
1602, Canal Bay in numbers
- Sold once: by the developer on 8 December 2025 for AED 3,320,000, or AED 2,291 per sqft.
- Three-beds in Canal Bay sold for AED 3,320,000–3,500,000 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 8 December 2025.
Questions about 1602, Canal Bay
What did unit 1602 last sell for?
AED 3,320,000 on 8 December 2025, sold by the developer: AED 2,291 per sqft for 1,449 sqft. It is the only registered sale of the unit.
How big is unit 1602?
1,449 sqft (134.6 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Canal Bay sold for AED 3,320,000 to 3,500,000 in the last 12 months, around AED 2,353 per sqft.
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Mortgage on 1602, Canal Bay
Starts from the last sale price (AED 3.32M, 8 December 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 3,320,000
- Deposit, UAE resident (20%)
- AED 664,000
- Deposit, non-resident (40%)
- AED 1,328,000
- Monthly over 25 years at 3.7%
- AED 13,583
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →