506, Canal Bay
Sold prices and rental history: sold once, by the developer in May 2026, 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 506, Canal Bay
What is 506 worth today?
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Source: Dubai Land Department. Updated 13 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 5th of 18
- Parking
- P3-506
- Last sold
- AED 2.3M · May 2026
- Building
- Canal Bay
About 506, Canal Bay
506 is a two-bedroom apartment of 1,326 sqft on the 5th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 13 May 2026 for AED 2,300,000, or AED 1,734 per sqft, 16% below the AED 2,064 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 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 506 sits
All 102 2-beds →506 last sold in May 2026 at AED 1,734 per sqft, 16% below what two-beds in Canal Bay were fetching at the time (AED 2,064). 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.
| 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 5th floor
All 118 units in Canal Bay506, Canal Bay in numbers
- Sold once: by the developer on 13 May 2026 for AED 2,300,000, or AED 1,734 per sqft.
- 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 13 May 2026.
Questions about 506, Canal Bay
What did unit 506 last sell for?
AED 2,300,000 on 13 May 2026, sold by the developer: AED 1,734 per sqft for 1,326 sqft. It is the only registered sale of the unit.
How big is unit 506?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 5th floor of a 18-storey tower.
What is unit 506 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 506, Canal Bay
Starts from the last sale price (AED 2.3M, 13 May 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →