2-bed · 1,328 sqftCanal Heights 2, Business Bay · 16th floor · completed 2027

1607, Canal Heights 2

Sold prices and rental history: sold once, by the developer in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 5 December 2023
Last soldAED 3.71M5 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1607, Canal Heights 2

What is 1607 worth today?

Last sold for AED 3,705,000 in 2023

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5 Dec 2023Sold by developerOff-plan
AED 3,705,000AED 2,790 per sqft

Source: Dubai Land Department. Updated 5 December 2023.

Key facts

Type
2-bed apartment
Size
1,328 sqft
Floor
16th of 43
Parking
1
Developer
Resta Real Estate Development
Completed
2027
Last sold
AED 3.71M · December 2023

About 1607, Canal Heights 2

1607 is a two-bedroom apartment of 1,328 sqft on the 16th floor of Canal Heights 2, a 43-storey tower in Business Bay completed in 2027 by Resta Real Estate Development . The developer sold it on 5 December 2023 for AED 3,705,000, or AED 2,790 per sqft, in line with the AED 2,870 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical two-bed in Canal Heights 2
3.6M3.7M20232024202520262027Typical sale price by year: 2023 AED 3,556,135; 2024 AED 3,610,500; 2025 AED 3,573,200; 2026 AED 3,748,000Sold by developer, December 2023: AED 3,705,000 (AED 2,790 per sqft)

1607 has sold once; the dashed line is the two-bed median of each year in the building.

2-beds in Canal Heights 2, and where 1607 sits

All 47 2-beds →

1607 last sold in December 2023 at AED 2,790 per sqft, in line with what two-beds in Canal Heights 2 were fetching at the time (AED 2,870). Over the last 12 months two-beds sold for AED 3,422,850 to 4,314,000, around AED 2,842 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Jul 20263,627,100
16 Apr 20263,794,000
13 Apr 20263,783,000
12 Mar 20264,011,040
15 2-bed sales in the last 12 months

Canal Heights 2

Building

457 apartments, studios to 4-bed over 43 floors in Business Bay, completed in 2027 by Resta Real Estate Development . 27 sold in the last 12 months.

Typical price per sqft
AED 2,850 Up 1.4%
Typical sale
AED 3.48M
Typical rent
Few contracts
Typical yield
Canal Heights 2, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 457 units in Canal Heights 2
Value
16011-bedAED 1.78M · Aug 2023
1602StudioAED 1.34M · Aug 2023
1603StudioAED 1.37M · Aug 2023
1604StudioAED 1.39M · Aug 2023
1605StudioAED 1.4M · Sep 2023
1606StudioAED 1.32M · Aug 2023
16081-bedAED 1.78M · Aug 2023
1–7 of 13

1607, Canal Heights 2 in numbers

  • Sold once: by Resta Real Estate Development on 5 December 2023 for AED 3,705,000, or AED 2,790 per sqft.
  • Two-beds in Canal Heights 2 sold for AED 3,422,850–4,314,000 in the 12 months to November 2026; the building's median across all types is AED 2,850 per sqft.

Source: Dubai Land Department. Updated 5 December 2023.

Questions about 1607, Canal Heights 2

What did unit 1607 last sell for?

AED 3,705,000 on 5 December 2023, sold by the developer: AED 2,790 per sqft for 1,328 sqft. It is the only registered sale of the unit.

How big is unit 1607?

1,328 sqft (123.4 sqm): a two-bedroom apartment on the 16th floor of a 43-storey tower completed in 2027.

What is unit 1607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Canal Heights 2 sold for AED 3,422,850 to 4,314,000 in the last 12 months, around AED 2,842 per sqft.

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Mortgage on 1607, Canal Heights 2

Starts from the last sale price (AED 3.71M, 5 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,705,000
Deposit, UAE resident (20%)
AED 741,000
Deposit, non-resident (40%)
AED 1,482,000
Monthly over 25 years at 3.7%
AED 15,158

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →