Canal Bay
Two-beds to three-beds in Business Bay. 9 apartments sold in the last 12 months; every sale, rent and unit is below.
About Canal Bay
Canal Bay is a waterside locality within Business Bay, set along the Dubai Water Canal and minutes from Downtown Dubai. The area is defined by modern high‑rises lining Marasi Drive, with many homes oriented to capture canal and skyline views. Its urban character is balanced by the landscaped waterfront promenade and easy access to the canal’s jogging and cycling tracks. Residential stock in Canal Bay is predominantly apartments in contemporary towers, ranging from studios to larger multi‑bedroom layouts. Buildings typically feature glass façades, balconies, and floor‑to‑ceiling windows to maximise views. Quality is generally mid‑ to upper‑tier, and many towers include serviced or hotel‑apartment components in the wider Business Bay catchment. Lifestyle revolves around the canal frontage and nearby retail and dining on the promenade, with everyday conveniences such as supermarkets, cafés and fitness studios found at street level or within mixed‑use complexes. Most residential buildings offer on‑site amenities such as swimming pools, well‑equipped gyms, concierge and covered parking. Families will find nurseries within Business Bay and established schools a short drive away in neighbouring Al Quoz and Jumeirah; healthcare clinics are also accessible in the surrounding districts. Connectivity is a key advantage. Canal Bay links quickly to Sheikh Zayed Road (E11) and Al Khail Road (E44), placing Downtown Dubai, DIFC and City Walk within a short drive. Public transport options include nearby bus routes and the Red Line’s Business Bay Metro Station, with taxi and ride‑hailing widely available. For leisure, Safa Park and The Dubai Mall are within easy reach, while canal‑side marinas and viewpoints add to the area’s waterfront appeal. Overall, Canal Bay suits residents seeking modern apartment living in a central, well‑connected district with the added benefit of direct canal frontage and an active streetscape.
87 apartments over 18 floors: 33 two-beds of 1,100 to 4,970 sqft and 14 three-beds of 1,449 to 3,169 sqft.
9 apartments sold in the 12 months to February 2026, at a median of AED 2,064 per sqft. Most of the trading is in two-beds: 9 of the 9 sales, at AED 2,200,000 to 2,460,000. 6 rental contracts were registered over the same 12 months, at a typical AED 135,000 a year.
- Floors
- 18
- Units
- 87
- Unit types
- 2-bed to 3-bed
Average prices in Canal Bay
- 2-bed2,310,000
In Canal Bay, typical sale prices over the last 12 months were around AED 2,310,000 for two-beds.
Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.
Price history in Canal Bay
Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.
Transaction history in Canal Bay
- Completed2-bed · 1,327 sqft 12 Feb 2026AED 2,340,0001,763 /sqft
- Completed2-bed · 1,326 sqft 02 Feb 2026AED 2,310,0001,742 /sqft
- Completed2-bed · 1,099 sqft 02 Feb 2026AED 2,270,0002,066 /sqft
- Completed2-bed · 1,099 sqft 02 Feb 2026AED 2,250,0002,047 /sqft
- Completed3-bed · 1,449 sqft 30 Jan 2026AED 3,500,0002,415 /sqft
- Completed2-bed · 1,228 sqft 23 Jan 2026AED 2,850,0002,321 /sqft
- Completed2-bed · 1,111 sqft 22 Jan 2026AED 2,420,0002,178 /sqft
- Completed2-bed · 1,099 sqft 22 Jan 2026AED 2,290,0002,084 /sqft
- Completed2-bed · 1,326 sqft 21 Jan 2026AED 2,250,0001,697 /sqft
- Completed2-bed · 1,099 sqft 15 Jan 2026AED 2,310,0002,102 /sqft
Over the last 12 months, Canal Bay has recorded 9 apartment sales. Typical homes sold for around AED 2.31M (about AED 2,064 per sqft) with a median size of 1,112 sqft; most were two-beds, from roughly AED 2.2M to AED 2.46M.
Units in Canal Bay
87 units- Unit 1023-bed · 3,169 sqftSold AED 3.2M, Apr 2025
- Unit 1032-bed · 4,970 sqftSold AED 2.8M, Jan 2025
- Unit 1042-bed · 2,225 sqftSold AED 2.5M, May 2025
- Unit 1052-bed · 1,901 sqftSold AED 2.4M, Mar 2025
- Unit 1061,364 sqftSold AED 2.23M, Nov 2025
- Unit 2011,264 sqftSold AED 2.55M, Sep 2025
- Unit 2023-bed · 1,449 sqftSold AED 3.05M, Apr 2025
- Unit 2031,228 sqftSold AED 2.62M, Aug 2025
- Unit 2041,112 sqftSold AED 2.4M, Nov 2025
- Unit 2051,327 sqftSold AED 2.3M, Sep 2025
Every unit in Canal Bay, by number
- 102
- 103
- 104
- 105
- 106
- 201
- 202
- 203
- 204
- 205
- 206
- 301
- 302
- 303
- 304
- 305
- 306
- 401
- 402
- 403
- 404
- 405
- 406
- 601
- 602
- 604
- 605
- 606
- 607
- 901
- 902
- 903
- 904
- 905
- 906
- 1001
- 1002
- 1003
- 1004
- 1005
- 1006
- 1101
- 1102
- 1103
- 1104
- 1105
- 1106
- 1201
- 1202
- 1203
- 1204
- 1205
- 1206
- 1207
- 1301
- 1302
- 1304
- 1305
- 1306
- 1307
- 1401
- 1402
- 1403
- 1404
- 1405
- 1407
- 1501
- 1502
- 1503
- 1504
- 1505
- 1506
- 1607
- 1701
- 1702
- 1703
- 1704
- 1705
- 1706
- 1707
- 1801
- 1802
- 1803
- 1804
- 1805
- 1806
- 1807
By type: two-beds (33), three-beds (14).
Nearby buildings in Business Bay
All 170 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| Mayfair Residency | 2011 | AED 1,359 | AED 111 | 8.2% |
| Binghatti Skyhall | AED 2,409 | |||
| Mayfair Tower | 2011 | AED 1,499 | AED 126 | 8.4% |
| Rove Home Marasi Drive | AED 3,253 | |||
| Safeer Tower 2 | 2017 | AED 1,553 | AED 100 | 6.5% |
| Vezul Residence | 2018 | AED 1,317 | AED 101 | 7.7% |
| Royal Regency Suites 2 | AED 1,733 | |||
| Royal Regency Suites 1 | AED 1,989 | |||
| Vento Tower | Few sales | |||
| Fairview Residency | 2014 | AED 1,579 | AED 106 | 6.7% |
Canal Bay in numbers
- Across 9 DLD sales in the 12 months to February 2026, the median price in Canal Bay was AED 2,064 per sqft and the typical home sold for about AED 2.31M.
- 18 floors of two-beds to three-beds.
- Two-beds of 1,100 to 4,970 sqft sold for AED 2,200,000 to 2,460,000 between November 2025 and December 2025, a median AED 2,064 per sqft.
- A two-bed of 1,100 to 4,970 sqft rents for AED 125,000 to 159,000 a year on the 6 contracts registered in the last 12 months.
- Gross rental yield 5.3%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 14 February 2026.
Questions about Canal Bay
How much does a two-bed in Canal Bay cost?
9 two-beds sold in the 12 months to February 2026, for AED 2,200,000 to 2,460,000; the median was AED 2,310,000, or AED 2,064 per sqft.
How much is a two-bed for rent in Canal Bay?
About AED 135,000 a year: that is the median of the 6 contracts for two-beds registered with Ejari in the 12 months to February 2026, from AED 125,000 to 159,000.
What is the rental yield in Canal Bay?
About 5.3% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.
How many apartments are there in Canal Bay?
87, two-beds to three-beds. Each has its own page with its full sales and rental history.
For sale with OpenOffers in Business Bay
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