Studio · 429 sqftCanal Crown 1, Business Bay · 2nd floor · due 2027

202, Canal Crown 1

Sold prices and rental history: sold once, by the developer in January 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 29 January 2024
Last soldAED 1.19M29 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Canal Crown 1

What is 202 worth today?

Last sold for AED 1,194,000 in 2024

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29 Jan 2024Sold by developerOff-plan
AED 1,194,000AED 2,785 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 January 2024.

Key facts

Type
Studio apartment
Size
429 sqft
Floor
2nd of 37
Parking
1
Developer
Galaxy Sky Real Estate Development
Completion due
2027
Last sold
AED 1.19M · January 2024

About 202, Canal Crown 1

202 is a studio of 429 sqft on the 2nd floor of Canal Crown 1, a 37-storey tower in Business Bay due for completion in 2027 by Galaxy Sky Real Estate Development. The developer sold it on 29 January 2024 for AED 1,194,000, or AED 2,785 per sqft, 7% below the AED 3,005 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 202 over time

Sales
Unit 202, each saleTypical studio in Canal Crown 1
1M1.2M1.4M2023202420252026Typical sale price by year: 2023 AED 1,323,500; 2024 AED 1,365,120; 2025 AED 1,026,345Sold by developer, January 2024: AED 1,194,000 (AED 2,785 per sqft)

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

Studios in Canal Crown 1, and where 202 sits

All 85 studios →

202 last sold in January 2024 at AED 2,785 per sqft, 7% below what studios in Canal Crown 1 were fetching at the time (AED 3,005). Over the last 12 months studios sold for AED 1,304,000, around AED 2,969 per sqft.

Recent studio salesUnit no.Price (AED)Summary
10 Feb 20261,304,000
29 Jul 20251,072,690
15 Jul 20251,100,000
10 Jul 20251,290,000
1 studio sale in the last 12 months

Canal Crown 1

Building

312 apartments, studios to 3-bed over 37 floors in Business Bay, due for completion in 2027 by Galaxy Sky Real Estate Development. 3 sold in the last 12 months.

Typical price per sqft
AED 2,969
Typical sale
AED 2.07M
Typical rent
Few contracts
Typical yield
Canal Crown 1, Business Bay: prices, sales and rents →

Other units on the 2nd floor

All 312 units in Canal Crown 1
Value
2031-bedAED 1.29M · Oct 2023
2041-bedAED 2.17M · May 2024
205StudioAED 1.28M · Jan 2024
206StudioAED 1.27M · Jan 2024
209StudioAED 1.19M · Oct 2023
210StudioAED 1.29M · Oct 2023
2111-bedAED 2.16M · May 2024
1–7 of 9

202, Canal Crown 1 in numbers

  • Sold once: by Galaxy Sky Real Estate Development on 29 January 2024 for AED 1,194,000, or AED 2,785 per sqft.
  • Studios in Canal Crown 1 sold for AED 1,304,000–1,304,000 in the 12 months to November 2026; the building's median across all types is AED 2,969 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 29 January 2024.

Questions about 202, Canal Crown 1

What did unit 202 last sell for?

AED 1,194,000 on 29 January 2024, sold by the developer: AED 2,785 per sqft for 429 sqft. It is the only registered sale of the unit.

How big is unit 202?

429 sqft (39.9 sqm): a studio on the 2nd floor of a 37-storey tower due for completion in 2027.

What is unit 202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Canal Crown 1 sold for AED 1,304,000 to 1,304,000 in the last 12 months, around AED 2,969 per sqft.

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Mortgage on 202, Canal Crown 1

Starts from the last sale price (AED 1.19M, 29 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,194,000
Deposit, UAE resident (20%)
AED 238,800
Deposit, non-resident (40%)
AED 477,600
Monthly over 25 years at 3.7%
AED 4,885

Plus AED 55,158 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →