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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Business Bay · August 2026

Canal Heights 2

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B9135-202608

Key takeaways

  • Median price for apartments: AED 1,304,000 (AED 30,776 per sqm), up 8.2% year on year.
  • Per sqm, apartments here are 37% above the Business Bay average of AED 22,535 (sales-weighted across areas).
  • 1 sales recorded in August 2026, down 67% from a year earlier.

1.Apartments1 sale · August 2026

Median sale priceAED 1,304,000-61.8%vs last year
Median price / sqmAED 30,776+8.2%vs last year37% above the Business Bay average
Sales recorded1-66.7%vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales100%1 of 1
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on a single recorded sale and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

31K30K29K44Sep 24May 25Jan 26Aug 26
Sep 24 · 28K /sqmAug 26 · 31K /sqm · 1 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20261AED 1,304,000AED 30,776——
July 20262AED 2,959,050AED 29,651——
June 20262AED 1,753,500AED 30,010——
May 20260————
April 20265AED 3,783,000AED 31,003——
March 20262AED 4,114,160AED 31,778——

2.Recent saleslast 15 registered in Canal Heights 2

DateUnitSize sqmPriceAED / sqmStatus
20 Aug 2026Studio42AED 1,304,000AED 30,776Off-plan
29 Jul 20262 bedrooms124AED 3,627,100AED 29,350Off-plan
16 Jul 20261 bedroom76AED 2,291,000AED 29,952Off-plan
29 Jun 2026Studio43AED 1,313,000AED 30,836Off-plan
3 Jun 20261 bedroom75AED 2,194,000AED 29,183Off-plan
16 Apr 20262 bedrooms123AED 3,794,000AED 30,788Off-plan
13 Apr 20263 bedrooms205AED 5,761,000AED 28,096Off-plan
13 Apr 20261 bedroom90AED 3,029,000AED 33,802Off-plan
13 Apr 20262 bedrooms122AED 3,783,000AED 31,003Off-plan
9 Apr 20261 bedroom88AED 2,958,120AED 33,569Off-plan
12 Mar 20262 bedrooms122AED 4,011,040AED 32,861Off-plan
3 Mar 20262 bedrooms137AED 4,217,280AED 30,696Off-plan
25 Feb 20262 bedrooms120AED 3,748,000AED 31,114Off-plan
25 Feb 20262 bedrooms125AED 3,683,520AED 29,454Off-plan
18 Feb 20262 bedrooms123AED 3,795,000AED 30,786Off-plan

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Canal Heights 2 over the last two years. It stays in the link and the PDF.

3.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology