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BuildingBusiness Bay · Vesta Real Estate Development · 2026

Canal Heights 1

Studios to three-beds in Business Bay. 30 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 5 October 2026
Typical price per sqftAED 2,813Down 2.6% on the year
Typical saleAED 2.91M30 sales
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About Canal Heights 1

Canal Heights 1 is a freehold apartment building in Business Bay, in central Dubai beside Downtown Dubai. Vesta Real Estate Development completed it in 2026. The tower has 41 storeys and 408 apartments, ranging from studios to three-bedroom units, with sizes from 220 to 3,126 sqft. Canal Heights 2, Bay Square 1 and Bay Square 8 are neighbouring buildings. Several everyday places are within walking distance. Yaumi Market, a supermarket, and Hummingbird Nursery Bay Square are both about 100 m away. About 200 m away are Souq Al Muskaan, a mall, First Path Montessori Early Childhood Center, KENZA Wellness and Bayside Park 3. The nearest metro station is Business Bay on the Red Line, about 2.1 km away. It sits on the Sheikh Zayed Road side of the district, and the Burj Khalifa/Dubai Mall station is one stop north.

408 apartments over 41 floors: 204 studios of 220 to 482 sqft, 142 one-beds of 398 to 984 sqft, 61 two-beds of 1,286 to 1,597 sqft and 1 three-bed of 3,126 sqft.

30 apartments sold in the 12 months to October 2026, at a median of AED 2,813 per sqft, down 2.6% on the year before. Most of the trading is in two-beds: 15 of the 30 sales, at AED 3,290,340 to 4,441,000.

Developer
Vesta Real Estate Development
Completed
2026
Floors
41
Units
408
Unit types
Studio to 3-bed

Business Bay, Dubai

Average prices in Canal Heights 1

In Canal Heights 1, typical sale prices over the last 12 months were around AED 1,290,000 for studios, AED 2,480,000 for one-beds and AED 3,860,000 for two-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 Heights 1

2,4002,6002,8003,000May 2026Nov 20262025-11-19: AED 2,803, Studio, 468 sqft2025-11-28: AED 2,919, Studio, 443 sqft2025-12-10: AED 3,039, 2-bed, 1,286 sqft2025-12-11: AED 2,685, 2-bed, 1,333 sqft2025-12-14: AED 3,039, 2-bed, 1,286 sqft2025-12-17: AED 2,760, 2-bed, 1,327 sqft2025-12-24: AED 2,862, 2-bed, 1,490 sqft2026-01-12: AED 2,717, 2-bed, 1,367 sqft2026-01-21: AED 2,765, 2-bed, 1,597 sqft2026-02-02: AED 2,792, 2-bed, 1,381 sqft2026-02-12: AED 2,788, Studio, 458 sqft2026-02-12: AED 2,907, Studio, 456 sqft2026-02-16: AED 2,821, Studio, 452 sqft2026-02-18: AED 2,438, Studio, 451 sqft2026-02-18: AED 3,007, 1-bed, 825 sqft2026-02-19: AED 3,006, 1-bed, 825 sqft2026-02-25: AED 2,763, 2-bed, 1,381 sqft2026-03-03: AED 2,950, 2-bed, 1,505 sqft2026-03-12: AED 2,950, 2-bed, 1,505 sqft2026-03-13: AED 2,905, 1-bed, 871 sqft2026-03-27: AED 2,872, Studio, 473 sqft2026-03-27: AED 2,690, 1-bed, 716 sqft2026-03-30: AED 3,090, 1-bed, 818 sqft2026-04-28: AED 2,861, 2-bed, 1,409 sqft2026-07-06: AED 2,808, Studio, 454 sqft2026-08-04: AED 2,816, Studio, 460 sqft2026-08-12: AED 2,810, Studio, 467 sqft2026-08-14: AED 2,436, 2-bed, 1,350 sqft2026-08-21: AED 2,621, 2-bed, 1,333 sqft2026-10-05: AED 2,489, 2-bed, 1,357 sqftTrend: AED 2,889 to AED 2,794

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 Heights 1

  • Off-plan2-bed · 1,357 sqft 05 Oct 2026AED 3,378,2002,489 /sqft
  • Off-plan2-bed · 1,332 sqft 21 Aug 2026AED 3,493,4402,621 /sqft
  • Off-plan2-bed · 1,350 sqft 14 Aug 2026AED 3,290,3402,437 /sqft
  • Off-planStudio · 467 sqft 12 Aug 2026AED 1,314,0002,811 /sqft
  • Off-planStudio · 459 sqft 04 Aug 2026AED 1,295,0002,817 /sqft
  • Off-planStudio · 454 sqft 06 Jul 2026AED 1,276,0002,808 /sqft
  • Off-plan2-bed · 1,409 sqft 28 Apr 2026AED 4,032,9602,861 /sqft
  • Off-plan1-bed · 817 sqft 30 Mar 2026AED 2,527,0003,091 /sqft
  • Off-planStudio · 473 sqft 27 Mar 2026AED 1,359,0002,873 /sqft
  • Off-plan1-bed · 716 sqft 27 Mar 2026AED 1,927,0002,690 /sqft

Over the last 12 months, Canal Heights 1 has recorded 30 apartment sales. Typical homes sold for around AED 2.91M (about AED 2,813 per sqft) with a median size of 1,079 sqft; most were two-beds, from roughly AED 1.1M to AED 4.44M.

1–10 of 467

Units in Canal Heights 1

408 units
  • Unit 2011-bed · 881 sqftSold AED 2.26M, Oct 2023
  • Unit 202Studio · 460 sqftSold AED 1.26M, Sep 2023
  • Unit 203Studio · 455 sqftSold AED 1.26M, Aug 2023
  • Unit 204Studio · 463 sqftSold AED 1.3M, Feb 2024
  • Unit 205Studio · 469 sqftSold AED 1.32M, Oct 2023
  • Unit 206Studio · 467 sqftSold AED 1.29M, Sep 2023
  • Unit 2072-bed · 1,356 sqftSold AED 3.54M, Jun 2025
  • Unit 2081-bed · 883 sqftSold AED 2.22M, Jan 2024
  • Unit 209Studio · 460 sqftSold AED 1.26M, Sep 2023
  • Unit 210Studio · 455 sqftSold AED 1.26M, Aug 2023
1–10 of 408
Every unit in Canal Heights 1, by number

By type: studios (204), one-beds (142), two-beds (61), three-beds (1).

Nearby in Business Bay

All 187 →
BuildingSale /sqftYield
Canal Heights 2AED 2,850
Bay Square 1Few sales
Bay Square 8AED 1,1908.9%
Trillionaire Residences by BinghattiAED 2,3066.7%
Bay Square 7Few sales
1–5 of 186 · nearest first

Canal Heights 1 in numbers

  • Across 30 DLD sales in the 12 months to October 2026, the median price in Canal Heights 1 was AED 2,813 per sqft and the typical home sold for about AED 2.91M.
  • Completed in 2026 by Vesta Real Estate Development ; 41 floors of studios to three-beds.
  • Two-beds of 1,286 to 1,597 sqft sold for AED 3,290,340 to 4,441,000 between December 2025 and October 2026, a median AED 2,765 per sqft.

Source: Dubai Land Department. Updated 5 October 2026.

Questions

How much does a two-bed in Canal Heights 1 cost?

15 two-beds sold in the 12 months to October 2026, for AED 3,290,340 to 4,441,000; the median was AED 3,856,050, or AED 2,765 per sqft.

Have prices in Canal Heights 1 gone up?

The median price per sqft fell from about AED 2,888 to AED 2,813 over the 12 months to October 2026, down 2.6%, on 30 sales against 74 the year before.

Who built Canal Heights 1 and when?

Vesta Real Estate Development ; completed in 2026; 41 floors; 408 apartments.

How many apartments are there in Canal Heights 1?

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

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