502, Canal Heights 2
Sold prices and rental history: sold once, by the developer in September 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 502, Canal Heights 2
What is 502 worth today?
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Source: Dubai Land Department. Updated 9 September 2023.
Key facts
- Type
- Studio apartment
- Size
- 486 sqft
- Floor
- 5th of 43
- Parking
- 1
- Developer
- Resta Real Estate Development
- Completed
- 2027
- Last sold
- AED 1.38M · September 2023
- Building
- Canal Heights 2
About 502, Canal Heights 2
502 is a studio of 486 sqft on the 5th 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 9 September 2023 for AED 1,384,000, or AED 2,845 per sqft, in line with the AED 2,906 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 502 over time
502 has sold once; the dashed line is the studio median of each year in the building.
Studios in Canal Heights 2, and where 502 sits
All 256 studios →502 last sold in September 2023 at AED 2,845 per sqft, in line with what studios in Canal Heights 2 were fetching at the time (AED 2,906). Over the last 12 months studios sold for AED 1,247,400 to 1,402,000, around AED 2,851 per sqft.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 492 sqft | 1,402,000 | 2,851 | ||
| 11 Sep 202611 September 2026 | 477 sqft | 1,247,400 | 2,616 | ||
| 20 Aug 202620 August 2026 | 456 sqft | 1,304,000 | 2,859 | ||
| 26 Jun 202626 June 2026 | 458 sqft | 1,313,000 | 2,864 |
Canal Heights 2
Building457 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
Other units on the 5th floor
All 457 units in Canal Heights 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 503 | 1-bed | 1,012 sqft | AED 2.75MAED 2,753,000 · Jan 2025January 2025 | ||
| 504 | Studio | 474 sqft | AED 1.36MAED 1,361,000 · Feb 2024February 2024 | ||
| 505 | Studio | 457 sqft | AED 1.3MAED 1,301,000 · Aug 2023August 2023 | ||
| 506 | Studio | 453 sqft | AED 1.3MAED 1,301,000 · Jan 2024January 2024 | ||
| 508 | Studio | 458 sqft | AED 1.3MAED 1,304,000 · Sep 2023September 2023 | ||
| 509 | 2-bed | 1,353 sqft | AED 3.61MAED 3,613,000 · Apr 2024April 2024 | ||
| 510 | 3-bed | 2,207 sqft | AED 5.8MAED 5,797,000 · Jul 2025July 2025 | ||
| 518 | Studio | 456 sqft | AED 1.3MAED 1,304,000 · Aug 2026August 2026 | ||
| 519 | 2-bed | 1,287 sqft | AED 3.4MAED 3,402,630 · Jul 2025July 2025 |
502, Canal Heights 2 in numbers
- Sold once: by Resta Real Estate Development on 9 September 2023 for AED 1,384,000, or AED 2,845 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 9 September 2023.
Questions about 502, Canal Heights 2
What did unit 502 last sell for?
AED 1,384,000 on 9 September 2023, sold by the developer: AED 2,845 per sqft for 486 sqft. It is the only registered sale of the unit.
How big is unit 502?
486 sqft (45.2 sqm): a studio on the 5th floor of a 43-storey tower completed in 2027.
What is unit 502 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 502, Canal Heights 2
Starts from the last sale price (AED 1.38M, 9 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,384,000
- Deposit, UAE resident (20%)
- AED 276,800
- Deposit, non-resident (40%)
- AED 553,600
- Monthly over 25 years at 3.7%
- AED 5,662
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →