407, Canal Heights 1
Sold prices and rental history: sold once, by the developer in August 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 407, Canal Heights 1
What is 407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,366 sqft
- Floor
- 4th of 41
- Parking
- 1
- Developer
- Vesta Real Estate Development
- Completed
- 2026
- Last sold
- AED 3.44M · August 2023
- Building
- Canal Heights 1
About 407, Canal Heights 1
407 is a two-bedroom apartment of 1,366 sqft on the 4th floor of Canal Heights 1, a 41-storey tower in Business Bay completed in 2026 by Vesta Real Estate Development. The developer sold it on 15 August 2023 for AED 3,437,840, or AED 2,517 per sqft, 7% below the AED 2,714 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 407 over time
407 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Canal Heights 1, and where 407 sits
All 41 2-beds →407 last sold in August 2023 at AED 2,517 per sqft, 7% below what two-beds in Canal Heights 1 were fetching at the time (AED 2,714). Over the last 12 months two-beds sold for AED 4,266,000, around AED 2,862 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Dec 202524 December 2025 | 1,490 sqft | 4,266,000 | 2,862 | ||
| 15 Jul 202515 July 2025 | 1,351 sqft | 3,527,000 | 2,610 | ||
| 1 Jul 20251 July 2025 | 1,596 sqft | 3,953,420 | 2,476 | ||
| 11 Jun 202511 June 2025 | 1,331 sqft | 3,647,000 | 2,740 |
Canal Heights 1
Building396 apartments, studios to 3-bed over 41 floors in Business Bay, completed in 2026 by Vesta Real Estate Development. 8 sold in the last 12 months.
- Typical price per sqft
- AED 2,842
- Typical sale
- AED 1.3M
- Typical rent
- Few contracts
- Typical yield
Other units on the 4th floor
All 396 units in Canal Heights 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 863 sqft | AED 2.09MAED 2,089,360 · Aug 2023August 2023 | ||
| 402 | Studio | 473 sqft | AED 1.29MAED 1,288,700 · Aug 2023August 2023 | ||
| 403 | Studio | 454 sqft | AED 1.23MAED 1,233,820 · Aug 2023August 2023 | ||
| 404 | Studio | 459 sqft | AED 1.25MAED 1,251,460 · Aug 2023August 2023 | ||
| 405 | Studio | 466 sqft | AED 1.27MAED 1,269,100 · Aug 2023August 2023 | ||
| 406 | Studio | 464 sqft | AED 1.27MAED 1,265,180 · Aug 2023August 2023 | ||
| 408 | 1-bed | 863 sqft | AED 2.09MAED 2,089,360 · Aug 2023August 2023 | ||
| 409 | Studio | 473 sqft | AED 1.29MAED 1,288,700 · Aug 2023August 2023 | ||
| 410 | Studio | 454 sqft | AED 1.23MAED 1,233,820 · Aug 2023August 2023 | ||
| 411 | Studio | 459 sqft | AED 1.25MAED 1,251,460 · Aug 2023August 2023 | ||
| 412 | Studio | 466 sqft | AED 1.27MAED 1,269,100 · Aug 2023August 2023 | ||
| 413 | Studio | 464 sqft | AED 1.27MAED 1,265,180 · Aug 2023August 2023 | ||
| 414 | 2-bed | 1,359 sqft | AED 3.42MAED 3,418,240 · Aug 2023August 2023 |
407, Canal Heights 1 in numbers
- Sold once: by Vesta Real Estate Development on 15 August 2023 for AED 3,437,840, or AED 2,517 per sqft.
- Two-beds in Canal Heights 1 sold for AED 4,266,000–4,266,000 in the 12 months to November 2026; the building's median across all types is AED 2,842 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2023.
Questions about 407, Canal Heights 1
What did unit 407 last sell for?
AED 3,437,840 on 15 August 2023, sold by the developer: AED 2,517 per sqft for 1,366 sqft. It is the only registered sale of the unit.
How big is unit 407?
1,366 sqft (126.9 sqm): a two-bedroom apartment on the 4th floor of a 41-storey tower completed in 2026.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Canal Heights 1 sold for AED 4,266,000 to 4,266,000 in the last 12 months, around AED 2,862 per sqft.
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Mortgage on 407, Canal Heights 1
Starts from the last sale price (AED 3.44M, 15 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,437,840
- Deposit, UAE resident (20%)
- AED 687,568
- Deposit, non-resident (40%)
- AED 1,375,136
- Monthly over 25 years at 3.7%
- AED 14,065
Plus AED 149,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →