Canal Bay
by NED Properties

Two and three bedroom canal-side apartments

AED 2,25 mln Starting price
Ready Handover
Canal Bayby NED Properties

Buy 2 and 3 Bedroom Apartments in Canal Bay by NED Properties, Business Bay

Leave your contact details & reserve your unit today

Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 2,250,000
Location Business Bay
Developer NED Properties
Handover Ready
Living Area 1,100 sq. ft. - 3,169 sq. ft.
Bedrooms 2-3 BR

Canal Bay is a completed apartment tower on Dubai Water Canal offering spacious two and three bedroom homes, fitted kitchens and premium finishes, backed by pools, gyms and secure parking.

Rising 18 storeys beside the canal, Canal Bay is designed around family-sized living rather than a studio-heavy mix. NED Properties arranged the building across seven configurations. Two bedroom apartments start at 1,100 sq ft, while three bedroom homes reach roughly 3,169 sq ft. Anyone weighing up apartments for sale in Canal Bay will find generous living-and-dining zones, built-in storage and balconies framing the water. The move-in-ready interiors feature semi-open fitted kitchens, quality fixtures and neutral surfaces. Pools, gyms and secure parking support daily life within the building. At ground level, the canal promenade provides space for walks and runs, while Downtown is a short drive away. For buyers researching apartments for sale in Business Bay, the combination of waterfront views, completed status and a central location distinguishes Canal Bay from the district's more office-oriented stock.

Canal Bay
About Canal Bay

Overview Canal Bay

Among Dubai Water Canal apartments in Business Bay, Canal Bay combines a ready waterfront home with access to a district where smaller units report gross ROI of 6.5% to 8%.

6.5%

Average ROI

8%

Maximum ROI

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Community

Business Bay is one of Dubai's most urban mixed-use districts. Residential towers, offices and hotels stand side by side along the water. The neighbourhood attracts professionals seeking proximity to Downtown, landlords targeting executive tenants and residents who prefer central access to suburban living. Dubai Water Canal is its defining feature, with a landscaped promenade for morning runs and evening strolls. Investors considering real estate in Business Bay also benefit from Burj Khalifa being roughly 1.5 km away.

Everyday infrastructure sits close at hand. The Dubai Mall, with its retail, dining and entertainment, is roughly 11 minutes by car, while clinics, supermarkets and cafes are scattered across the surrounding blocks for daily errands. Leisure destinations are equally accessible: Palm Jumeirah is about 18 minutes away and The Walk at JBR around 22 minutes. Al Khail Road and Marasi Drive frame the district for quick road access across the city. Dubai International Airport is close to 17 minutes by car, and Al Maktoum International Airport around 37 minutes. A planned metro line is projected to further improve connectivity here by 2030, adding to the district's already strong transport footing.

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Interior

Inside, Canal Bay keeps things understated and built for everyday living. Neutral surfaces and wide glazing pull natural light into the living-and-dining zones, while balconies extend the rooms toward the canal and its shifting reflections. The mood is calm and residential rather than showy, which suits a family taking a 3 bedroom apartment in Business Bay as readily as a professional couple. Layouts keep circulation simple, with defined living spaces, quiet bedroom wings and enough wall depth for real furniture. Everything arrives finished to a move-in standard from day one.

The finishes match the building's premium positioning. Kitchens come fully fitted and semi-open, with modern equipment ready for immediate use. Bathrooms carry the same material palette, and living areas include built-in wardrobes and dedicated laundry rooms in the listed units, though the exact configuration varies by home. For a buyer comparing a 2 bedroom apartment for sale in Business Bay against alternatives, the draw here is turnkey specification that removes the need for post-purchase renovation. Storage, balcony access and the standard of the kitchen build are the details that most reward an in-person viewing.

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Infrastructure

Daily conveniences sit within an easy walk of the tower. Cake n Chill and Together & Co. are among the casual spots cited nearby, handy for a morning coffee or a slow weekend brunch, though the exact stroll depends on your route and is worth checking in person. Beyond them, the Business Bay dining scene fans out along the canal and neighbouring blocks, mixing homegrown cafes with international restaurants and quick grab-and-go options for busy weekdays. Everyday retail, supermarkets and pharmacies are dotted through the surrounding streets, so restocking the fridge rarely means more than a short walk from the front door.

For larger shopping trips and leisure, The Dubai Mall is about 11 minutes away by car. It combines flagship retail with cinemas, an aquarium and extensive dining. Clinics, healthcare providers and pharmacies operate across Business Bay. Al Khail Road and Marasi Drive provide direct routes across Dubai. Palm Jumeirah is roughly 18 minutes away, Burj Al Arab around 17 minutes and Dubai International Airport about 17 minutes. A planned metro line is projected to improve district transport by 2030.

Overview

Ready to put a canal-side address to work?

Amenities of Canal Bay

A focused set of everyday facilities supports comfortable living and underpins the case for a Canal Bay investment, from pool time to secure parking.

Swimming pools

Swimming pools

Fully equipped gyms

Fully equipped gyms

Secure covered parking

Secure covered parking

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
200+ Exclusive Listings
Gain access to unique investment opportunities and real estate properties that are not publicly listed.
Canal Bay
About Us

Economic Attractiveness

Delivered by NED Properties on Dubai Water Canal, Canal Bay draws on a central Business Bay catchment that keeps resale and letting demand liquid year-round.

Get Full Investment Details

2,31 mln -4%

Median price (AED)

2,050 -3%

Median price per sqft (AED)

22 -66%

Transactions

Source: Data taken from DXB for the last year, overview - Canal Bay

Direct canal frontage and balcony outlooks strengthen the appeal of Canal Bay, while its completed condition lets buyers inspect the actual home, floor and finish. Tenant demand in Business Bay is supported by the short commute to Downtown and the commercial core. The promenade adds a calmer residential setting beside the offices. Anyone looking to buy property in Business Bay also benefits from access to Al Khail Road and Marasi Drive, with Dubai International Airport about 17 minutes away. As the tower is handed over, purchases are standard resale deals funded by cash or mortgage rather than a launch instalment plan.

Canal Bay prices currently start at AED 2,250,000 for two bedroom apartments, with larger three bedroom homes priced above that level. Business Bay is a designated freehold zone. Foreign buyers can therefore buy an apartment in Business Bay outright, subject to the standard purchase and registration process.

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For Rent

For landlords, two bedroom apartments for rent in Business Bay at Canal Bay currently start at around AED 105,000 a year. Against the AED 2,250,000 starting sale price, that indicates a gross yield of about 5% before service charges and other costs. Executive tenants benefit from a short commute to Downtown and a canal-side setting. Because the building is ready, an owner can market a unit as soon as the purchase is completed.

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For Living

Living here means waking beside the water while staying inside Dubai's commercial heart. The apartments offer generous living-and-dining areas, fitted kitchens and canal-facing balconies. Buyers who have outgrown a 1 bedroom apartment for sale in Business Bay can move into Canal Bay's two and three bedroom layouts without taking on renovation work. The promenade, nearby cafes, secure parking, pools and gym support everyday routines, while The Dubai Mall is about 11 minutes away.

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For Resale

Resale prospects benefit from Canal Bay's completed status, freehold ownership and direct waterfront position. Business Bay recorded more than 4,200 apartment sales in Q4 2025, followed by 2,659 property sales in the first four months of 2026. This active market supports a broad pool of future buyers. The Canal Bay rental yield also gives owners an income option while they wait for the right resale opportunity.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

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Developer Canal Bay

Canal Bay was developed by NED Properties, whose Dubai portfolio spans several established residential districts.

NED Properties' portfolio includes work in Jumeirah Village Triangle, Al Furjan and City Walk, covering both established and growing Dubai communities. Canal Bay provides direct evidence of delivery: the 18-storey tower was completed in 2024 and is ready for occupancy. Its fitted kitchens, built-in storage and balconies reflect a practical approach to modern apartment living, although specifications vary by unit.

Location Canal Bay

Canal Bay sits directly on Dubai Water Canal within Business Bay, moments from the district's core and roughly 1.5 km from Burj Khalifa, placing Downtown attractions within easy reach.

Al Khail Road and Marasi Drive provide direct road access across Dubai. The Dubai Mall is about 11 minutes away by car, while Palm Jumeirah takes roughly 18 minutes. Burj Al Arab is around 17 minutes away and The Walk at JBR about 22 minutes.
Dubai International Airport is about 17 minutes away by car, while Al Maktoum International Airport takes around 37 minutes. Road-based public transport already serves Business Bay. A planned metro line is projected for the district by 2030, but it is not yet part of the available transport network.

Sights & Attractions

Dubai Mall

icon 11 min

Palm Jumeirah

18 min

Burj Al Arab

17 min

Healthcare facilities

Emirates Clinic

icon 7 min

Aster Clinic, Business Bay

5 min

Mediclinic Business Bay

6 min

Educational institutions

Nurseries

icon 6 min

Primary schools

12 min

International schools, Al Safa

14 min

Transportation

DXB

icon 17 min

Business Bay road corridor

4 min

DWC

34 min

General FAQs

Below are the questions buyers, tenants and investors ask most often about Canal Bay. If something you need is not covered here, reach out and our team will be glad to help you weigh up the right home or investment.

Ask a Question

Where exactly is Canal Bay located?

Canal Bay stands directly on Dubai Water Canal in Business Bay, close to Al Khail Road and Marasi Drive. The setting keeps residents about 11 minutes from The Dubai Mall and roughly 1.5 km from Burj Khalifa, blending a waterfront promenade with quick access to Downtown and the wider city.

Who is the developer behind Canal Bay?

The tower was built by NED Properties, part of the NED Investment Group. The developer's Dubai footprint already includes Jumeirah Village Triangle, Al Furjan and City Walk, and Canal Bay itself was completed in 2024, giving buyers a delivered, occupation-ready building rather than an off-plan promise.

What apartment types and sizes are available at Canal Bay?

Canal Bay offers two and three bedroom apartments arranged across seven configurations. Two bedroom homes are listed from around 1,100 sq ft, while the largest three bedroom layouts reach roughly 3,169 sq ft, giving families genuine room across defined living, dining and bedroom zones.

How much does an apartment at Canal Bay cost?

Current asking prices for two bedroom apartments begin at AED 2,250,000, with larger three bedroom residences priced above that. Because the building is complete, purchases proceed as standard resale transactions, and buyers should budget for the 4% DLD transfer fee on top of the price.

Is there a payment plan available at Canal Bay?

Canal Bay is a completed building, so no developer instalment plan applies today. The 40/60 post-handover structure advertised during the off-plan phase is now historical. Ready homes here are bought as resale deals, funded either in cash or through a standard mortgage arranged with a UAE bank.

What is the expected rental yield at Canal Bay?

Based on a starting annual rent of AED 105,000 and a starting sale price of AED 2,250,000 for two bedroom homes, the indicative gross yield is about 5% before service charges and other costs. Actual returns depend on the unit's purchase price, rent and occupancy.

Can foreign buyers purchase an apartment in Canal Bay?

Yes. Business Bay is a designated freehold zone, so overseas buyers can own an apartment at Canal Bay outright, with full title in their name. This makes the tower accessible to international investors and end users alike, subject to standard registration and the DLD transfer process.

What amenities does Canal Bay offer?

Residents have access to swimming pools, fully equipped gyms and secure covered parking, complemented by the canal promenade at the doorstep and walkable Business Bay dining nearby. Apartments come with fitted kitchens, built-in wardrobes and balconies, though specific features are worth confirming against the individual unit.

Is Canal Bay a good place to live?

It suits those who want central Dubai access with a waterfront edge. The spacious two and three bedroom layouts favour families and sharers, the finishes are move-in ready, and the promenade offers everyday walking. Schools, clinics, retail and the office core all sit within a short drive of the building.
FAQs

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Canal Bay
Amirans Kavtaradze

List by

Amirans Kavtaradze

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  • 0% tax on rental income & profit upon sale
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Canal Bay

Starting Price AED 2,25 mln

Handover Ready