405, Canal Bay
Sold prices and rental history: sold once, by the developer in July 2025, 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 405, Canal Bay
What is 405 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 28 July 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,327 sqft
- Floor
- 4th of 18
- Parking
- P3-405
- Last sold
- AED 2.3M · July 2025
- Building
- Canal Bay
About 405, Canal Bay
405 is a two-bedroom apartment of 1,327 sqft on the 4th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 28 July 2025 for AED 2,300,000, or AED 1,732 per sqft, 15% below the AED 2,032 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 405 over time
405 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Canal Bay, and where 405 sits
All 33 2-beds →405 last sold in July 2025 at AED 1,732 per sqft, 15% below what two-beds in Canal Bay were fetching at the time (AED 2,032). Over the last 12 months two-beds sold for AED 2,200,000 to 2,400,000, around AED 2,064 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 | ||
| 24 Jul 202524 July 2025 | 1,228 sqft | 2,660,000 | 2,165 | ||
| 23 Jul 202523 July 2025 | 1,327 sqft | 2,340,000 | 1,763 |
Canal Bay
Building87 apartments, 2-bed to 3-bed over 18 floors in Business Bay. 7 sold in the last 12 months.
- Typical price per sqft
- AED 2,064
- Typical sale
- AED 2.31M
- Typical rent
- AED 135K /yr
- Typical yield
- 5.3%
Other units on the 4th floor
All 87 units in Canal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,264 sqft | AED 2.55MAED 2,550,000 · Jun 2025June 2025 | ||
| 402 | 3-bed | 1,449 sqft | AED 3.07MAED 3,070,000 · Apr 2025April 2025 | ||
| 403 | 2-bed | 1,228 sqft | AED 2.62MAED 2,620,000 · Jul 2025July 2025 | ||
| 404 | 1,112 sqft | AED 2.4MAED 2,400,000 · Aug 2025August 2025 | |||
| 406 | 1,326 sqft | AED 2.23MAED 2,225,000 · Oct 2025October 2025 |
405, Canal Bay in numbers
- Sold once: by the developer on 28 July 2025 for AED 2,300,000, or AED 1,732 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 2,064 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 28 July 2025.
Questions about 405, Canal Bay
What did unit 405 last sell for?
AED 2,300,000 on 28 July 2025, sold by the developer: AED 1,732 per sqft for 1,327 sqft. It is the only registered sale of the unit.
How big is unit 405?
1,327 sqft (123.3 sqm): a two-bedroom apartment on the 4th floor of a 18-storey tower.
What is unit 405 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 2,064 per sqft.
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Mortgage on 405, Canal Bay
Starts from the last sale price (AED 2.3M, 28 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →