FAQ
Who is building Canal Crown in Dubai?
The complex is being built by the famous Damac Properties.
What part of the city is the complex located in?
The project is located in Business Bay, on the bank of the Dubai Canal.
What property types does the project comprise?
Studios, 1- and 2-bedroom apartments, and 2-, 3-, and 4-bedroom duplexes are available for purchase, but there are no penthouses for sale in Canal Crown.
When will off-plan duplexes in Canal Crown be move-in-ready?
The construction completion is scheduled for June 2027.
Are instalment plans available for real estate in Canal Crown?
Buyers are entitled to an 80/20 payment plan, according to which the down payment is 20%, another 60% is paid during the construction, and the remaining 20% upon handover.
What is the property price in Canal Crown?
A studio costs upwards of AED 1.12 million (USD 305,000). 1- and 2-bedroom apartments sell for AED 1.99 million and AED 3.42 million (USD 542,000 and USD 931,000), respectively. Please request information about the price of duplexes from our team, but no off-plan penthouses in Canal Crown are currently available.
Can you become a UAE resident by purchasing apartments in Canal Crown?
Yes, a foreigner can apply for a residency visa after closing the deal.
What visa type can a foreign citizen get upon investing in the new complex?
The type and validity term of a residence visa depend on the value of the purchased residence. For instance, owners of duplexes in this project are eligible for a 5-year Golden Visa.
Can a foreigner buy property in Canal Crown?
Foreign citizens may purchase properties in the new complex because it is located in a freehold area.
Does it make sense to buy an apartment in Canal Crown for investment?
Investing in local residences is a smart choice, as the project is located in the prestigious Business Bay, and the developer has earned an impeccable reputation, so a premium home here is a reliable, safe, and high-yield investment. However, no penthouses in Canal Crown for investment are on sale.
What will be the standard of living in Canal Crown at Business Bay?
Residents will enjoy the unique design and a wide range of amenities at Canal Crown. In Canal Crown, a spa center, space pods for relaxation, various lounge areas, and cafés will be available on the premises to create an ambiance of luxurious and comfortable living in the heart of Dubai.
What are the benefits of living in Business Bay?
The proximity to Downtown Dubai with its iconic landmarks and incredible facilities, the water canal nearby, and the sprawling green Safa Park make this district one of the most attractive places for living in Dubai. Entrepreneurs will particularly appreciate the numerous offices and business centers in the neighborhood.