Studio · 467 sqftCanal Heights 2, Business Bay · 16th floor · completed 2027

1611, Canal Heights 2

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.

Unit 1611 · DLD and Ejari recordsUpdated 14 August 2023
Last soldAED 1.39M14 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1611, Canal Heights 2

What is 1611 worth today?

Last sold for AED 1,386,000 in 2023

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14 Aug 2023Sold by developerOff-plan
AED 1,386,000AED 2,966 per sqft

Source: Dubai Land Department. Updated 14 August 2023.

Key facts

Type
Studio apartment
Size
467 sqft
Floor
16th of 43
Parking
1
Developer
Resta Real Estate Development
Completed
2027
Last sold
AED 1.39M · August 2023

About 1611, Canal Heights 2

1611 is a studio of 467 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 14 August 2023 for AED 1,386,000, or AED 2,966 per sqft, in line with the AED 2,962 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1611 over time

Sales
Unit 1611, each saleTypical studio in Canal Heights 2
1.3M1.35M20232024202520262027Typical sale price by year: 2023 AED 1,320,000; 2024 AED 1,379,000; 2025 AED 1,315,000; 2026 AED 1,308,500Sold by developer, August 2023: AED 1,386,000 (AED 2,966 per sqft)

1611 has sold once; the dashed line is the studio median of each year in the building.

Studios in Canal Heights 2, and where 1611 sits

All 256 studios →

1611 last sold in August 2023 at AED 2,966 per sqft, in line with what studios in Canal Heights 2 were fetching at the time (AED 2,962). Over the last 12 months studios sold for AED 1,247,400 to 1,402,000, around AED 2,851 per sqft.

Recent studio salesUnit no.Price (AED)Summary
2 Nov 20261,402,000
11 Sep 20261,247,400
20 Aug 20261,304,000
26 Jun 20261,313,000
5 studio 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
16072-bedAED 3.71M · Dec 2023
1–7 of 13

1611, Canal Heights 2 in numbers

  • Sold once: by Resta Real Estate Development on 14 August 2023 for AED 1,386,000, or AED 2,966 per sqft.
  • Studios in Canal Heights 2 sold for AED 1,247,400–1,402,000 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 14 August 2023.

Questions about 1611, Canal Heights 2

What did unit 1611 last sell for?

AED 1,386,000 on 14 August 2023, sold by the developer: AED 2,966 per sqft for 467 sqft. It is the only registered sale of the unit.

How big is unit 1611?

467 sqft (43.4 sqm): a studio on the 16th floor of a 43-storey tower completed in 2027.

What is unit 1611 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Canal Heights 2 sold for AED 1,247,400 to 1,402,000 in the last 12 months, around AED 2,851 per sqft.

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Mortgage on 1611, Canal Heights 2

Starts from the last sale price (AED 1.39M, 14 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,386,000
Deposit, UAE resident (20%)
AED 277,200
Deposit, non-resident (40%)
AED 554,400
Monthly over 25 years at 3.7%
AED 5,671

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