409, 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 409, Canal Heights 1
What is 409 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 4th of 41
- Parking
- 1
- Developer
- Vesta Real Estate Development
- Completed
- 2026
- Last sold
- AED 1.29M · August 2023
- Building
- Canal Heights 1
About 409, Canal Heights 1
409 is a studio of 473 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 16 August 2023 for AED 1,288,700, or AED 2,725 per sqft, 5% below the AED 2,861 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 409 over time
409 has sold once; the dashed line is the studio median of each year in the building.
Studios in Canal Heights 1, and where 409 sits
All 199 studios →409 last sold in August 2023 at AED 2,725 per sqft, 5% below what studios in Canal Heights 1 were fetching at the time (AED 2,861). Over the last 12 months studios sold for AED 1,100,000 to 1,327,000, around AED 2,812 per sqft.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 451 sqft | 1,100,000 | 2,438 | ||
| 16 Feb 202616 February 2026 | 452 sqft | 1,274,000 | 2,821 | ||
| 12 Feb 202612 February 2026 | 456 sqft | 1,327,000 | 2,907 | ||
| 12 Feb 202612 February 2026 | 458 sqft | 1,278,000 | 2,788 |
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 | ||
| 407 | 2-bed | 1,366 sqft | AED 3.44MAED 3,437,840 · Aug 2023August 2023 | ||
| 408 | 1-bed | 863 sqft | AED 2.09MAED 2,089,360 · 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 |
409, Canal Heights 1 in numbers
- Sold once: by Vesta Real Estate Development on 16 August 2023 for AED 1,288,700, or AED 2,725 per sqft.
- Studios in Canal Heights 1 sold for AED 1,100,000–1,327,000 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 16 August 2023.
Questions about 409, Canal Heights 1
What did unit 409 last sell for?
AED 1,288,700 on 16 August 2023, sold by the developer: AED 2,725 per sqft for 473 sqft. It is the only registered sale of the unit.
How big is unit 409?
473 sqft (43.9 sqm): a studio on the 4th floor of a 41-storey tower completed in 2026.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Canal Heights 1 sold for AED 1,100,000 to 1,327,000 in the last 12 months, around AED 2,812 per sqft.
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Mortgage on 409, Canal Heights 1
Starts from the last sale price (AED 1.29M, 16 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,288,700
- Deposit, UAE resident (20%)
- AED 257,740
- Deposit, non-resident (40%)
- AED 515,480
- Monthly over 25 years at 3.7%
- AED 5,272
Plus AED 59,135 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →