New Premiun Residence Canal Crown in Business Bay

ID #: UE028. Further information and photos are available on request.

Canal Crown is a new premium residential development in the thriving Business Bay neighborhood. From floors 2 to 35, Canal Crown will house “luxury” apartments, while the 36th and 37th floors will house “super-luxury” units.

The “luxury” category includes studios and 1-2 bedroom apartments, while the “super-luxury” segment will sell 3-4 bedroom duplexes. There will also be only one townhouse duplex on the podium level. The area of the property ranges from 37 to 442 m². Also, the developer additionally offers full floors with an area of 709 to 1295 m².

As for the layouts, each house will have a rounded balcony overlooking the Dubai Water Canal or the famous Burj Khalifa. Meanwhile, duplex owners will have a walk-in closet in the master bedroom, a maid’s room and a private pool on the balcony.

Canal Crown will be located along the banks of the Dubai Water Canal, next to Marasi Dr. Residents will have direct access to Ras Al Khor Road, making it easier to travel around the rest of Dubai. As a result, many desirable destinations including Dubai Creek Harbour, Festival City and Dubai International Airport, among many others, can be reached within 15 minutes by car. Due to the outstanding public transportation infrastructure in the area, there are many bus stops nearby, such as Fairview Residency 1 and Clayton Residency 2, to name a few.

There are a number of prestigious medical facilities within approximately 10 minutes drive, including Emirates Hospital Clinics – Business Bay and Aster Clinic Business Bay. It will take the same amount of time to reach the center of Dubai, which is famous for its many iconic landmarks such as the Burj Khalifa, Dubai Mall, Dubai Opera and many others.

The complex is due for completion in Q2 2027. By investing in a Canal Crown property, you will be eligible to apply for a 2 or 10 year visa depending on the value of the property. The cost of these residency schemes is AED 750k (USD 204k) for a 2-year visa and a minimum of AED 2 million (USD 545k) for a 10-year Gold visa.

Property in Canal Crown is an ideal commercial investment for those who want to use the property for both short and long term rentals. You can rent out the apartment to business professionals as they will have easy access to business facilities and the airport. The properties will also be in high demand among tourists who want to stay in a private residence in close proximity to the city’s attractions and entertainment venues.

According to Property Finder, the gross return on investment for 1-bedroom apartments in Business Bay has reached 5.8% as of Q2 2023. The initial rental value here is AED 58k (USD 16k) per annum. Such strong performance guarantees lucrative income and quick payback.

Please note that if you purchase a full floor you can get a 2% discount and a 1% rebate

Subsequently, you can also bring your spouse and children to the UAE, and the 10-year golden visa also covers domestic staff. Another benefit of this type of residency permit is the Esaad card with offers and promotions from over 7,000 brands in the UAE and 92 countries around the world.