406, Canal Heights 1
Sold prices and rental history: sold once, by the developer in August 2023, 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 406, Canal Heights 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 16 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 464 sqft
- Floor
- 4th of 41
- Parking
- 1
- Developer
- Vesta Real Estate Development
- Completed
- 2026
- Last sold
- AED 1.27M · August 2023
- Building
- Canal Heights 1
About 406, Canal Heights 1
406 is a studio of 464 sqft on the 4th floor of Canal Heights 1, a 41-storey tower in Business Bay completed in 2026 by Vesta Real Estate Development . The developer sold it on 16 August 2023 for AED 1,265,180, or AED 2,727 per sqft, 5% below the AED 2,862 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 406 over time
406 has sold once; the dashed line is the studio median of each year in the building.
Studios in Canal Heights 1, and where 406 sits
All 204 studios →406 last sold in August 2023 at AED 2,727 per sqft, 5% below what studios in Canal Heights 1 were fetching at the time (AED 2,862). Over the last 12 months studios sold for AED 1,100,000 to 1,359,000, around AED 2,813 per sqft.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Aug 202612 August 2026 | 467 sqft | 1,314,000 | 2,810 | ||
| 4 Aug 20264 August 2026 | 460 sqft | 1,295,000 | 2,816 | ||
| 6 Jul 20266 July 2026 | 454 sqft | 1,276,000 | 2,808 | ||
| 27 Mar 202627 March 2026 | 473 sqft | 1,359,000 | 2,872 |
Canal Heights 1
Building408 apartments, studios to 3-bed over 41 floors in Business Bay, completed in 2026 by Vesta Real Estate Development . 30 sold in the last 12 months.
- Typical price per sqft
- AED 2,813 Down 2.6%
- Typical sale
- AED 2.91M
- Typical rent
- Few contracts
- Typical yield
Other units on the 4th floor
All 408 units in Canal Heights 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 863 sqft | AED 2.09MAED 2,089,360 · Aug 2023August 2023 | ||
| 402 | Studio | 473 sqft | AED 1.29MAED 1,288,700 · Aug 2023August 2023 | ||
| 403 | Studio | 454 sqft | AED 1.23MAED 1,233,820 · Aug 2023August 2023 | ||
| 404 | Studio | 459 sqft | AED 1.25MAED 1,251,460 · Aug 2023August 2023 | ||
| 405 | Studio | 466 sqft | AED 1.27MAED 1,269,100 · Aug 2023August 2023 | ||
| 407 | 2-bed | 1,366 sqft | AED 3.44MAED 3,437,840 · Aug 2023August 2023 | ||
| 408 | 1-bed | 863 sqft | AED 2.09MAED 2,089,360 · Aug 2023August 2023 | ||
| 409 | Studio | 473 sqft | AED 1.29MAED 1,288,700 · Aug 2023August 2023 | ||
| 410 | Studio | 454 sqft | AED 1.23MAED 1,233,820 · Aug 2023August 2023 | ||
| 411 | Studio | 459 sqft | AED 1.25MAED 1,251,460 · Aug 2023August 2023 | ||
| 412 | Studio | 466 sqft | AED 1.27MAED 1,269,100 · Aug 2023August 2023 | ||
| 413 | Studio | 464 sqft | AED 1.27MAED 1,265,180 · Aug 2023August 2023 | ||
| 414 | 2-bed | 1,359 sqft | AED 3.42MAED 3,418,240 · Aug 2023August 2023 |
406, Canal Heights 1 in numbers
- Sold once: by Vesta Real Estate Development on 16 August 2023 for AED 1,265,180, or AED 2,727 per sqft.
- Studios in Canal Heights 1 sold for AED 1,100,000–1,359,000 in the 12 months to November 2026; the building's median across all types is AED 2,813 per sqft.
Source: Dubai Land Department. Updated 16 August 2023.
Questions about 406, Canal Heights 1
What did unit 406 last sell for?
AED 1,265,180 on 16 August 2023, sold by the developer: AED 2,727 per sqft for 464 sqft. It is the only registered sale of the unit.
How big is unit 406?
464 sqft (43.1 sqm): a studio on the 4th floor of a 41-storey tower completed in 2026.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Canal Heights 1 sold for AED 1,100,000 to 1,359,000 in the last 12 months, around AED 2,813 per sqft.
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Mortgage on 406, Canal Heights 1
Starts from the last sale price (AED 1.27M, 16 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,265,180
- Deposit, UAE resident (20%)
- AED 253,036
- Deposit, non-resident (40%)
- AED 506,072
- Monthly over 25 years at 3.7%
- AED 5,176
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →