Damac · Business Bay · handover Q3 2027
Canal Heights 2 payment plan, price and handover
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 1.51M, that is AED 1.51M (100%) paid by handover in Q3 2027. Handover is 10 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 (Studio, 511 sqft, AED 1.51M)
| On Booking | AED 75,500 |
| During Construction | AED 830,500 |
| On Completion | AED 604,000 |
| Total (100%) | AED 1,510,000 |
| Months to handover | 10 |
Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 1,510,000. 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 1,510,000 |
|---|---|---|---|
| On Booking5% | On Booking | 5% | AED 75,500 |
| DLD Fee | 4% | AED 60,400 | |
| During Construction55% | 1st month installment | 10% | AED 151,000 |
| 3rd month installment | 5% | AED 75,500 | |
| 4th month installment | 2% | AED 30,200 | |
| 5th month installment | 2% | AED 30,200 | |
| 6th month installment | 2% | AED 30,200 | |
| 7th month installment | 2% | AED 30,200 | |
| 8th month installment | 2% | AED 30,200 | |
| 9th month installment | 2% | AED 30,200 | |
| 10th month installment | 2% | AED 30,200 | |
| 11th month installment | 2% | AED 30,200 | |
| 12th month installment | 2% | AED 30,200 | |
| 13th month installment | 3% | AED 45,300 | |
| 14th month installment | 3% | AED 45,300 | |
| 15th month installment | 3% | AED 45,300 | |
| 16th month installment | 4% | AED 60,400 | |
| 17th month installment | 3% | AED 45,300 | |
| 18th month installment | 3% | AED 45,300 | |
| 19th month installment | 3% | AED 45,300 | |
| On Completion | as published | 40% | AED 604,000 |
| Total of the plan | 100% | AED 1,510,000 | |
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 1,510,000. 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%) |
|---|---|---|---|---|
| Studiofrom 511 sq ft | AED 1,510,000 | AED 75,500 | AED 830,500 | AED 604,000 |
| 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% |
|---|---|---|
| Studio | AED 1,510,000 | AED 60,400 |
| 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 1.51M that is AED 75,500.
- 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 1.51M that is AED 1.51M 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. If you sell before handover, this is how it works.
- 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 1.51M that is AED 60,400. 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 10 months from now.
Payment plans in Business Bay
- Aykon City 3D (Safa Two de Grisogono) payment plan
- Altitude de Grisogono payment plan
- One River Point payment plan
- Bayz 102 payment plan
- Canal Heights payment plan
- Bayz 101 payment plan
Damac payment plans
Other Damac payment plans
starting from
AED 1.51M
handover Q3 2027