503, 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 503, Canal Heights 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 16 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 462 sqft
- Floor
- 5th of 41
- Parking
- 1
- Developer
- Vesta Real Estate Development
- Completed
- 2026
- Last sold
- AED 1.29M · August 2023
- Building
- Canal Heights 1
About 503, Canal Heights 1
503 is a studio of 462 sqft on the 5th 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 1,285,000, or AED 2,783 per sqft, in line with 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 503 over time
503 has sold once; the dashed line is the studio median of each year in the building.
Studios in Canal Heights 1, and where 503 sits
All 204 studios →503 last sold in August 2023 at AED 2,783 per sqft, in line with 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 5th floor
All 408 units in Canal Heights 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 848 sqft | AED 2.11MAED 2,105,000 · Aug 2023August 2023 | ||
| 502 | Studio | 467 sqft | AED 1.31MAED 1,314,000 · Aug 2026August 2026 | ||
| 504 | Studio | 457 sqft | AED 1.28MAED 1,276,000 · Aug 2023August 2023 | ||
| 505 | Studio | 464 sqft | AED 1.3MAED 1,295,000 · Aug 2023August 2023 | ||
| 506 | Studio | 463 sqft | AED 1.29MAED 1,292,000 · Aug 2023August 2023 | ||
| 507 | 2-bed | 1,360 sqft | AED 3.59MAED 3,590,000 · Aug 2025August 2025 | ||
| 508 | 1-bed | 848 sqft | AED 2.11MAED 2,105,000 · Sep 2023September 2023 | ||
| 509 | Studio | 471 sqft | AED 1.31MAED 1,314,000 · Sep 2023September 2023 | ||
| 510 | Studio | 462 sqft | AED 1.29MAED 1,285,000 · Aug 2023August 2023 | ||
| 511 | Studio | 454 sqft | AED 1.28MAED 1,276,000 · Jul 2026July 2026 | ||
| 512 | Studio | 464 sqft | AED 1.3MAED 1,295,000 · Sep 2023September 2023 | ||
| 513 | Studio | 463 sqft | AED 1.09MAED 1,090,000 · Oct 2024October 2024 | ||
| 514 | 2-bed | 1,359 sqft | AED 3.59MAED 3,589,000 · May 2024May 2024 |
503, Canal Heights 1 in numbers
- Sold once: by Vesta Real Estate Development on 16 August 2023 for AED 1,285,000, or AED 2,783 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 503, Canal Heights 1
What did unit 503 last sell for?
AED 1,285,000 on 16 August 2023, sold by the developer: AED 2,783 per sqft for 462 sqft. It is the only registered sale of the unit.
How big is unit 503?
462 sqft (42.9 sqm): a studio on the 5th floor of a 41-storey tower completed in 2026.
What is unit 503 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 503, Canal Heights 1
Starts from the last sale price (AED 1.29M, 16 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,285,000
- Deposit, UAE resident (20%)
- AED 257,000
- Deposit, non-resident (40%)
- AED 514,000
- Monthly over 25 years at 3.7%
- AED 5,257
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →