Damac · Business Bay · handover Q2 2027
Canal Heights payment plan
Canal Heights by Damac in Business Bay, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 1.1M, that is AED 1.1M (100%) paid by handover in Q2 2027. Handover is 9 months away.
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The Canal Heights payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 5% |
| During construction | 55% |
| Upon Handover | 40% |
On the cheapest unit (2–4 BR, AED 1.1M)
| On booking | AED 55,000 |
| During construction | AED 605,000 |
| Upon Handover | AED 440,000 |
| Total (100%) | AED 1,100,000 |
| Months to handover | 9 |
Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 1,100,000. Registration and other fees are not included.
The Canal Heights instalment schedule, line by line
Every instalment Damac publishes for Canal Heights, in order, with the charges listed alongside the plan.
Payment Plan
Published by Damac
| Stage | Instalment | Share | On AED 1,100,000 |
|---|---|---|---|
| On booking5% | On Booking | 5% | AED 55,000 |
| DLD Feefee | 4% | AED 44,000 | |
| During construction55% | 1st INSTALLMENT Within 1 month(s) of Sale Date | 10% | AED 110,000 |
| 2nd INSTALLMENT Within 3 month(s) of Sale Date | 5% | AED 55,000 | |
| 3rd INSTALLMENT Within 4 month(s) of Sale Date to 5th INSTALLMENT Within 6 month(s) of Sale Date | 3 × 1% | AED 11,000 each | |
| 6th INSTALLMENT Within 7 month(s) of Sale Date | 17% | AED 187,000 | |
| 7th INSTALLMENT Within 8 month(s) of Sale Date to 9th INSTALLMENT Within 10 month(s) of Sale Date | 3 × 1% | AED 11,000 each | |
| 10th INSTALLMENT Within 11 month(s) of Sale Date | 17% | AED 187,000 | |
| Upon Handover | as published | 40% | AED 440,000 |
| Total of the plan | 100% | AED 1,100,000 | |
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 1,100,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Canal Heights
The same plan, applied to the starting price Damac publishes for each size in the building.
| Unit | From | On booking (5%) | During construction (55%) | Upon Handover (40%) |
|---|---|---|---|---|
| Studiofrom 463 sq ft | AED 1,100,000 | AED 55,000 | AED 605,000 | AED 440,000 |
| 2 bedfrom 1,333 sq ft | AED 3,538,000 | AED 176,900 | AED 1,945,900 | AED 1,415,200 |
| 3 bedfrom 3,113 sq ft | AED 12,460,000 | AED 623,000 | AED 6,853,000 | AED 4,984,000 |
| 4 bedfrom 4,381 sq ft | AED 17,543,000 | AED 877,150 | AED 9,648,650 | AED 7,017,200 |
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
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 1,100,000 | AED 44,000 |
| 2 bed | AED 3,538,000 | AED 141,520 |
| 3 bed | AED 12,460,000 | AED 498,400 |
| 4 bed | AED 17,543,000 | AED 701,720 |
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
Canal Heights payment plan: questions buyers ask
- What is the payment plan for Canal Heights?
- Canal Heights by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% upon handover, as published by the developer.
- How much is the booking amount for Canal Heights?
- 5% of the price. On the cheapest unit at AED 1.1M that is AED 55,000.
- How much do I pay before I get the keys to Canal Heights?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.1M that is AED 1.1M by handover in Q2 2027.
- Does Canal Heights have a post-handover payment plan?
- No. The published plan completes at handover in Q2 2027.
- What are the registration fees on Canal Heights?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.1M that is AED 44,000. 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?
- Damac publishes Q2 2027, which is 9 months from now.
Payment plans in Business Bay
- Bayz 101 payment plan
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- Canal Heights 2 payment plan
- Chic Tower payment plan
- Aykon City 3D (Safa Two de Grisogono) payment plan
- Altitude de Grisogono payment plan
Damac payment plans
Other Damac payment plans
starting from
AED 1.1M
handover Q2 2027