1001, Canal Bay
Sold prices and rental history: sold once, by the developer in November 2024, 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 1001, Canal Bay
What is 1001 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,264 sqft
- Floor
- 10th of 18
- Parking
- P2-1001
- Last sold
- AED 2.59M · November 2024
- Building
- Canal Bay
About 1001, Canal Bay
1001 is a two-bedroom apartment of 1,264 sqft on the 10th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 27 November 2024 for AED 2,590,000, or AED 2,048 per sqft, 7% above the AED 1,913 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1001 over time
1001 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Canal Bay, and where 1001 sits
All 33 2-beds →1001 last sold in November 2024 at AED 2,048 per sqft, 7% above what two-beds in Canal Bay were fetching at the time (AED 1,913). Over the last 12 months two-beds sold for AED 2,200,000 to 2,400,000, around AED 2,082 per sqft, and rent for AED 125,000 to 159,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jul 202530 July 2025 | 1,100 sqft | 2,350,000 | 2,137 | ||
| 29 Jul 202529 July 2025 | 1,229 sqft | 2,720,000 | 2,213 | ||
| 28 Jul 202528 July 2025 | 1,327 sqft | 2,300,000 | 1,732 | ||
| 24 Jul 202524 July 2025 | 1,228 sqft | 2,660,000 | 2,165 |
Canal Bay
Building87 apartments, 2-bed to 3-bed over 18 floors in Business Bay. 6 sold in the last 12 months.
- Typical price per sqft
- AED 2,082
- Typical sale
- AED 2.29M
- Typical rent
- AED 135K /yr
- Typical yield
- 5.3%
Other units on the 10th floor
All 87 units in Canal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 3-bed | 1,449 sqft | AED 3.13MAED 3,130,000 · Dec 2024December 2024 | ||
| 1003 | 2-bed | 1,228 sqft | AED 2.66MAED 2,660,000 · Apr 2025April 2025 | ||
| 1004 | 1,112 sqft | AED 2.44MAED 2,440,000 · Sep 2025September 2025 | |||
| 1005 | 1,327 sqft | AED 2.2MAED 2,200,000 · Dec 2025December 2025 | |||
| 1006 | 1,326 sqft | AED 2.27MAED 2,270,000 · Sep 2025September 2025 |
1001, Canal Bay in numbers
- Sold once: by the developer on 27 November 2024 for AED 2,590,000, or AED 2,048 per sqft.
- Two-beds in Canal Bay sold for AED 2,200,000–2,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,082 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 27 November 2024.
Questions about 1001, Canal Bay
What did unit 1001 last sell for?
AED 2,590,000 on 27 November 2024, sold by the developer: AED 2,048 per sqft for 1,264 sqft. It is the only registered sale of the unit.
How big is unit 1001?
1,264 sqft (117.4 sqm): a two-bedroom apartment on the 10th floor of a 18-storey tower.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Canal Bay sold for AED 2,200,000 to 2,400,000 in the last 12 months, around AED 2,082 per sqft.
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Mortgage on 1001, Canal Bay
Starts from the last sale price (AED 2.59M, 27 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,590,000
- Deposit, UAE resident (20%)
- AED 518,000
- Deposit, non-resident (40%)
- AED 1,036,000
- Monthly over 25 years at 3.7%
- AED 10,596
Plus AED 113,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →