What is the payment plan for Canal Heights 2?

Canal Heights 2 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on completion, as published by the developer.

How much is the booking amount for Canal Heights 2?

5% of the price. On the cheapest unit at AED 2.8M that is AED 141,400.

How much do I pay before I get the keys to Canal Heights 2?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.8M that is AED 2.8M by handover in Q3 2027.

Does Canal Heights 2 have a post-handover payment plan?

No. The published plan completes at handover in Q3 2027.

What are the registration fees on Canal Heights 2?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.8M that is AED 113,120. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Canal Heights 2?

Damac publishes Q3 2027, which is 12 months from now.

Damac · Business Bay · handover Q3 2027

Canal Heights 2 payment plan

Canal Heights 2 by Damac in Business Bay, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 2.8M, that is AED 2.8M (100%) paid by handover in Q3 2027. Handover is 12 months away.

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The Canal Heights 2 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On Booking	5%
During Construction	55%
On Completion	40%

On the cheapest unit (1–3 BR, AED 2.8M)

On Booking	AED 141,400
During Construction	AED 1,555,400
On Completion	AED 1,131,200
Total (100%)	AED 2,828,000
Months to handover	12

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 2,828,000. Registration and other fees are not included.

The Canal Heights 2 instalment schedule, line by line

Every instalment Damac publishes for Canal Heights 2, in order, with the charges listed alongside the plan.

Payment Plan

Published by Damac

Stage	Instalment	Share	On AED 2,828,000
On Booking5%	On Booking	5%	AED 141,400
	DLD Feefee	4%	AED 113,120
During Construction55%	1st INSTALLMENT Within 1 month(s) of Sale Date	10%	AED 282,800
	2nd INSTALLMENT Within 3 month(s) of Sale Date	5%	AED 141,400
	3rd INSTALLMENT Within 4 month(s) of Sale Date to 5th INSTALLMENT Within 6 month(s) of Sale Date	3 × 1%	AED 28,280 each
	6th INSTALLMENT Within 7 month(s) of Sale Date	17%	AED 480,760
	7th INSTALLMENT Within 8 month(s) of Sale Date to 9th INSTALLMENT Within 10 month(s) of Sale Date	3 × 1%	AED 28,280 each
	10th INSTALLMENT Within 11 month(s) of Sale Date	17%	AED 480,760
On Completion	as published	40%	AED 1,131,200
Total of the plan		100%	AED 2,828,000

Lines marked fee (DLD Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by Damac; the dirham column applies each percentage to the published starting price of AED 2,828,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Canal Heights 2

The same plan, applied to the starting price Damac publishes for each size in the building.

Unit	From	On Booking (5%)	During Construction (55%)	On Completion (40%)
1 bedfrom 971 sq ft	AED 2,828,000	AED 141,400	AED 1,555,400	AED 1,131,200
2 bedfrom 1,315 sq ft	AED 3,434,000	AED 171,700	AED 1,888,700	AED 1,373,600
3 bedfrom 3,097 sq ft	AED 12,808,000	AED 640,400	AED 7,044,400	AED 5,123,200

Starting price per size as published by Damac; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Canal Heights 2

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
1 bed	AED 2,828,000	AED 113,120
2 bed	AED 3,434,000	AED 137,360
3 bed	AED 12,808,000	AED 512,320

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Canal Heights 2

Canal Heights 2 payment plan: questions buyers ask

What is the payment plan for Canal Heights 2?: Canal Heights 2 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on completion, as published by the developer.
How much is the booking amount for Canal Heights 2?: 5% of the price. On the cheapest unit at AED 2.8M that is AED 141,400.
How much do I pay before I get the keys to Canal Heights 2?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.8M that is AED 2.8M by handover in Q3 2027.
Does Canal Heights 2 have a post-handover payment plan?: No. The published plan completes at handover in Q3 2027.
What are the registration fees on Canal Heights 2?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.8M that is AED 113,120. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Canal Heights 2?: Damac publishes Q3 2027, which is 12 months from now.