501, 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 501, Canal Heights 1
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 848 sqft
- Floor
- 5th of 41
- Parking
- 1
- Developer
- Vesta Real Estate Development
- Completed
- 2026
- Last sold
- AED 2.11M · August 2023
- Building
- Canal Heights 1
About 501, Canal Heights 1
501 is a one-bedroom apartment of 848 sqft on the 5th 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 11 August 2023 for AED 2,105,000, or AED 2,482 per sqft, 5% below the AED 2,622 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 501 over time
501 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Canal Heights 1, and where 501 sits
All 133 1-beds →501 last sold in August 2023 at AED 2,482 per sqft, 5% below what one-beds in Canal Heights 1 were fetching at the time (AED 2,622). Over the last 12 months one-beds sold for AED 2,481,000, around AED 3,007 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 869 sqft | 1,771,000 | 2,038 | ||
| 7 Jul 20257 July 2025 | 785 sqft | 2,328,690 | 2,967 | ||
| 16 May 202516 May 2025 | 764 sqft | 2,249,000 | 2,941 | ||
| 16 May 202516 May 2025 | 655 sqft | 1,391,250 | 2,124 |
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 5th floor
All 396 units in Canal Heights 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | Studio | 471 sqft | AED 1.31MAED 1,314,000 · Sep 2023September 2023 | ||
| 503 | Studio | 462 sqft | AED 1.29MAED 1,285,000 · Aug 2023August 2023 | ||
| 504 | Studio | 457 sqft | AED 1.28MAED 1,276,000 · Aug 2023August 2023 | ||
| 505 | Studio | 464 sqft | AED 1.3MAED 1,295,000 · Aug 2023August 2023 | ||
| 506 | Studio | 463 sqft | AED 1.29MAED 1,292,000 · Aug 2023August 2023 | ||
| 507 | 1,360 sqft | AED 3.59MAED 3,590,000 · Aug 2025August 2025 | |||
| 508 | 1-bed | 848 sqft | AED 2.11MAED 2,105,000 · Sep 2023September 2023 | ||
| 509 | Studio | 471 sqft | AED 1.31MAED 1,314,000 · Sep 2023September 2023 | ||
| 510 | Studio | 462 sqft | AED 1.29MAED 1,285,000 · Aug 2023August 2023 | ||
| 511 | Studio | 457 sqft | AED 1.28MAED 1,276,000 · Aug 2023August 2023 | ||
| 512 | Studio | 464 sqft | AED 1.3MAED 1,295,000 · Sep 2023September 2023 | ||
| 513 | Studio | 463 sqft | AED 1.09MAED 1,090,000 · Oct 2024October 2024 | ||
| 514 | 2-bed | 1,359 sqft | AED 3.59MAED 3,589,000 · May 2024May 2024 |
501, Canal Heights 1 in numbers
- Sold once: by Vesta Real Estate Development on 11 August 2023 for AED 2,105,000, or AED 2,482 per sqft.
- One-beds in Canal Heights 1 sold for AED 2,481,000–2,481,000 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 11 August 2023.
Questions about 501, Canal Heights 1
What did unit 501 last sell for?
AED 2,105,000 on 11 August 2023, sold by the developer: AED 2,482 per sqft for 848 sqft. It is the only registered sale of the unit.
How big is unit 501?
848 sqft (78.8 sqm): a one-bedroom apartment on the 5th floor of a 41-storey tower completed in 2026.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Canal Heights 1 sold for AED 2,481,000 to 2,481,000 in the last 12 months, around AED 3,007 per sqft.
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Mortgage on 501, Canal Heights 1
Starts from the last sale price (AED 2.11M, 11 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,105,000
- Deposit, UAE resident (20%)
- AED 421,000
- Deposit, non-resident (40%)
- AED 842,000
- Monthly over 25 years at 3.7%
- AED 8,612
Plus AED 93,420 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →