Skip to content
OffplanDistress
Back to deals
Canal Heights, Business Bay

DAMAC

Canal Heights

Business Bay1 Bedroom736 sqftFloor 30-40

Motivated

0 people watchingRef OD-1078

View
Full Сanal
Handover
Q2 2027
Original price
AED 2,176,625
Launch price today
Being assessed

About this unit

Features: Balcony.

Payment plan

Paid to developer

AED 1,393,055

Remaining

AED 783,570

64% paid · Next instalment AED 21,766 on 6 Nov 2026

MilestoneAmount
06-OCT-20266 Oct 2026AED 21,766
06-NOV-20266 Nov 2026AED 21,766
06-DEC-20266 Dec 2026AED 21,766
06-JAN-20276 Jan 2027AED 21,766
06-FEB-20276 Feb 2027AED 130,595
06-MAR-20276 Mar 2027AED 21,766
On Handover—AED 544,145

Your cash timeline

When each payment falls due if a deal is agreed today. The DLD and developer NOC fees are estimates (≈); the instalments are as listed in the payment plan.

AED 21,766 falls due 6 Nov 2026; agree with the seller who pays it.

Transfers usually take 2–5 weeks from the MOU.

  1. Transfer day

    Usually between 11 Nov 2026 and 2 Dec 2026, 2–5 weeks after the MOU

    ≈ AED 1,400,680

    Equity to the seller
    AED 1,266,430
    Fees: ours, DLD and developer NOC (estimated)
    ≈ AED 134,250

  2. Instalments dated before today

    Paid since, or overdue and then paid on transfer day. We check the developer's statement of account before the MOU.

    AED 21,766

  3. Before handover

    5 instalments · over the next 8 months

    AED 217,659

  4. At handover

    Q2 2027

    AED 544,145

    Can be financed with a handover mortgage

Total over the deal (estimated)

≈ AED 2,184,250

True cost to you

Asking price (seller equity)
AED 1,266,430
Overdue instalments + late fees: not yet checked with the developer
—
Remaining balance to developer
AED 783,570
OffplanDistress fee (2%)
AED 41,000
VAT on fee (5%)
AED 2,050
DLD transfer fee (4%)
AED 82,000
DLD registration & trustee fees (est.)
AED 4,200
Developer NOC / admin (est.)
AED 5,000
Total all-in
AED 2,184,250
Cash needed on transfer day (estimated)
≈ AED 1,400,680

DLD and developer fees are estimates and are confirmed when the NOC is issued.

Developers ask for overdue instalments and late fees to be cleared before they issue the NOC, so they are paid on transfer day. Who bears them is agreed in the MOU; we confirm the figure with the developer's statement of account first.

Similar deals

Volta, Downtown Dubai
DAMAC
Motivated

Volta

Downtown Dubai

2 Bedrooms1,414 sqftQ2 2028

Cash at transfer (estimated, with fees and any arrears)

≈ AED 2M

AED 1.81M to seller

Remaining plan

AED 1.17M

Sun City, DAMAC Sun City
DAMAC
Motivated

Sun City

DAMAC Sun City

Townhouse3,323 sqftQ1 2028

Cash at transfer (estimated, with fees and any arrears)

≈ AED 1.6M

AED 1.41M to seller

Remaining plan

AED 1.69M

Peninsula One, Business Bay
Select Group
Motivated

Peninsula One

Business Bay

1 Bedroom632 sqftTBC

Cash at transfer (estimated, with fees and any arrears)

≈ AED 1.81M

AED 1.7M to seller

Remaining plan

AED 0