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Off-plan building · Ned Properties

Canal Bay, Business Bay

Highlights

Canal Bay at a glance

About Canal Bay

Canal Bay is a mixed-use building in Business Bay, Dubai, developed by Ned Properties. It holds about 136 units: 2-bedroom apartments, 3-bedroom apartments, commercial units.

43 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,034 per sq ft.

Canal Bay is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

In a nutshell

  • A mixed-use off-plan building
  • Located in Business Bay, Dubai
  • Developed by Ned Properties
  • Unit types: 2 Beds, 3 Beds, Commercial
  • Sizes from 110 to 4,970 sq ft
  • Features: Gated Community, Seafront
  • Service charge from AED 8.47 per sq ft
  • Business Bay metro station 2 km away
الحالة
على المخطط
المطور
Ned Properties
الموقع
الخليج التجاري، دبي
أنواع الوحدات
2 Beds, 3 Beds, Commercial
Prices from
AED 2.2M
متوسط السعر لكل sq ft
AED 2,034
Median gross yield
5.2%
رسوم الخدمات
AED 18.3 per sq ft (2026)
Nearest metro
District 1 near High Speed Rail line, 0.8 km

Building details

Inside Canal Bay

Facilities in Canal Bay

Canal Bay lists 2 features and facilities for its residents.

  • Gated Community
  • Seafront

Properties in Canal Bay

2-bedroom apartments in Canal Bay

There are about 106 of these in Canal Bay, from 1,100 to 4,970 sq ft. They have recently sold for a median of AED 2.3M, or AED 2,060 per sq ft.

3-bedroom apartments in Canal Bay

There are about 18 of these in Canal Bay, from 1,450 to 3,170 sq ft. They have recently sold for a median of AED 3.4M, or AED 2,350 per sq ft.

Commercial units in Canal Bay

There are about 12 of these in Canal Bay, from 110 to 3,330 sq ft. None has sold recently enough to quote a price.

Unit types in Canal Bay with sizes, median prices and rents
نوع الوحدةالوحداتالمساحةالسعر الوسيطMedian rent
2 Beds1061,100 sqft102.2 sqmt – 4,970 sqft461.7 sqmtAED 2.3MAED 125K
3 Beds181,450 sqft134.7 sqmt – 3,170 sqft294.5 sqmtAED 3.4MAED 195K
تجاري12110 sqft10.2 sqmt – 3,330 sqft309.4 sqmtلا توجد مبيعات حديثة–

Recent transactions in Canal Bay

  • Canal Bay

    الخليج التجاري

    AED 2.5M

    AED 1,846 /sqftAED 19,870 /sqmt

    جاهزشقة
    1,327 sqft123.3 sqmt2 Bedsالمطور17 Sept 2026

  • Canal Bay

    الخليج التجاري

    AED 2.6M

    AED 2,057 /sqftAED 22,141 /sqmt

    جاهزشقة
    1,264 sqft117.4 sqmt2 Bedsالمطور17 Sept 2026

  • Canal Bay

    الخليج التجاري

    AED 2.7M

    AED 2,136 /sqftAED 22,992 /sqmt

    جاهزشقة
    1,264 sqft117.4 sqmt2 Bedsالمطور29 Jul 2026

  • Canal Bay

    الخليج التجاري

    AED 2M

    AED 1,778 /sqftAED 19,138 /sqmt

    جاهزشقة
    1,112 sqft103.3 sqmt2 Bedsالمالك19 Jun 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 1,735 /sqftAED 18,675 /sqmt

    جاهزشقة
    1,326 sqft123.2 sqmt2 Bedsالمطور13 May 2026

  • Canal Bay

    الخليج التجاري

    AED 2.5M

    AED 1,938 /sqftAED 20,860 /sqmt

    جاهزشقة
    1,264 sqft117.4 sqmt2 Bedsالمالك11 May 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 1,712 /sqftAED 18,428 /sqmt

    جاهزشقة
    1,326 sqft123.2 sqmt2 Bedsالمطور29 Apr 2026

  • Canal Bay

    الخليج التجاري

    AED 2.1M

    AED 1,909 /sqftAED 20,548 /sqmt

    جاهزشقة
    1,100 sqft102.2 sqmt2 Bedsالمالك21 Apr 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 2,082 /sqftAED 22,410 /sqmt

    جاهزشقة
    1,100 sqft102.2 sqmt2 Bedsالمطور17 Apr 2026

  • Canal Bay

    الخليج التجاري

    AED 2.8M

    AED 2,239 /sqftAED 24,100 /sqmt

    جاهزشقة
    1,228 sqft114.1 sqmt2 Bedsالمطور14 Apr 2026

  • Canal Bay

    الخليج التجاري

    AED 2.4M

    AED 2,194 /sqftAED 23,616 /sqmt

    جاهزشقة
    1,112 sqft103.3 sqmt2 Bedsالمطور14 Apr 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 2,045 /sqftAED 22,012 /sqmt

    جاهزشقة
    1,100 sqft102.2 sqmt2 Bedsالمطور2 Mar 2026

  • Canal Bay

    الخليج التجاري

    AED 2.2M

    AED 2,023 /sqftAED 21,775 /sqmt

    جاهزشقة
    1,100 sqft102.2 sqmt2 Bedsالمطور20 Feb 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 1,748 /sqftAED 18,815 /sqmt

    جاهزشقة
    1,327 sqft123.3 sqmt2 Bedsالمطور19 Feb 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 1,763 /sqftAED 18,977 /sqmt

    جاهزشقة
    1,327 sqft123.3 sqmt2 Bedsالمطور12 Feb 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 2,045 /sqftAED 22,012 /sqmt

    جاهزشقة
    1,100 sqft102.2 sqmt2 Bedsالمطور2 Feb 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 1,742 /sqftAED 18,751 /sqmt

    جاهزشقة
    1,326 sqft123.2 sqmt2 Bedsالمطور2 Feb 2026

  • Canal Bay

    الخليج التجاري

    AED 2.3M

    AED 2,064 /sqftAED 22,217 /sqmt

    جاهزشقة
    1,100 sqft102.2 sqmt2 Bedsالمطور2 Feb 2026

  • Canal Bay

    الخليج التجاري

    AED 3.5M

    AED 2,415 /sqftAED 25,995 /sqmt

    جاهزشقة
    1,449 sqft134.6 sqmt3 Bedsالمطور30 Jan 2026

  • Canal Bay

    الخليج التجاري

    AED 2.9M

    AED 2,321 /sqftAED 24,983 /sqmt

    جاهزشقة
    1,228 sqft114.1 sqmt2 Bedsالمطور23 Jan 2026

  • Canal Bay

    الخليج التجاري

    AED 140K/yr

    شقةعقد جديد
    1,326 sqft123.2 sqmt2 Bedsإلى

  • Canal Bay

    الخليج التجاري

    AED 110K/yr

    شقةعقد جديد
    1,326 sqft123.2 sqmt2 Bedsإلى

  • Canal Bay

    الخليج التجاري

    AED 195K/yr

    شقةعقد جديد
    1,449 sqft134.6 sqmt3 Bedsإلى

Every sale in Canal BayEvery rent contract in Canal Bay

Service charges in Canal Bay

The 2026 service charge in Canal Bay is AED 18.3 per sq ft for homes, AED 8.47 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 1,087 a year.

Service charges in Canal Bay
نوع الوحدةRate per sq ftالمساحةYearly charge
2 Beds Apartment (2026)AED 18.31,100 sqft102.2 sqmt – 4,970 sqft461.7 sqmtAED 20,130 – AED 90,951
3 Beds Apartment (2026)AED 18.31,450 sqft134.7 sqmt – 3,170 sqft294.5 sqmtAED 26,535 – AED 58,011
تجاري (2026)AED 8.47110 sqft10.2 sqmt – 3,330 sqft309.4 sqmtAED 932 – AED 28,205

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Canal Bay

Transportation near Canal Bay

The nearest Dubai Metro station from Canal Bay is Business Bay (red line, 2 km, about 6 min drive), then Burj Khalifa/Dubai Mall (red line, 2.3 km, about 7 min drive). Stations planned on new lines nearby include District 1 near High Speed Rail line (golden line, 0.8 km, about 10 min walk) and Burj Khalifa Road (golden line, 1 km, about 12 min walk). Most residents will drive or take a taxi to the metro.

  • District 1 near High Speed Rail lineGolden line · 0.8 km · about 10 min walk
  • Burj Khalifa RoadGolden line · 1 km · about 12 min walk
  • Business Bay InterchangeGolden line · 1.9 km · about 6 min drive
  • الخليج التجاريRed line · 2 km · about 6 min drive
  • Burj Khalifa/Dubai MallRed line · 2.3 km · about 7 min drive
  • District 1Golden line · 2.7 km · about 7 min drive

Shopping and groceries near Canal Bay

The closest is Spinneys / south bridge downtowne Dubai, 0.6 km from Canal Bay (about 7 min walk).

  • Spinneys / south bridge downtowne DubaiSupermarket · 0.6 km · about 7 min walk
  • Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.2 km · about 14 min walk
  • Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 1.3 km · about 5 min drive
  • Spinneys / The Executive TowersSupermarket · 1.4 km · about 5 min drive
  • Spinneys/ Ontario TowerSupermarket · 1.5 km · about 5 min drive

Restaurants and hotels near Canal Bay

The closest is Maward Restaurant, 0.6 km from Canal Bay (about 7 min walk).

  • Maward RestaurantRestaurant · 0.6 km · about 7 min walk
  • Vida Hotels and ResortsHotel · 1 km · about 12 min walk
  • Al Manzil HotelHotel · 1 km · about 12 min walk
  • Qamardeen HotelHotel · 1.4 km · about 5 min drive
  • Oberoi HotelHotel · 1.4 km · about 5 min drive

Hospitals and clinics near Canal Bay

The closest is Al Amal Hospital, 3.1 km from Canal Bay (about 8 min drive).

  • Al Amal HospitalHospital · 3.1 km · about 8 min drive
  • Medcare HospitalHospital · 3.4 km · about 9 min drive
  • Emirates HospitalHospital · 4.3 km · about 11 min drive
  • Internationl Medical CenterHospital · 4.4 km · about 11 min drive
  • Neuro Spinal hospitalHospital · 5 km · about 12 min drive

Parks and leisure near Canal Bay

The closest is Al Quoz Pond Park, 2.1 km from Canal Bay (about 6 min drive).

  • Al Quoz Pond ParkPark · 2.1 km · about 6 min drive
  • Dubai Bowling CentreSports Academy · 2.2 km · about 6 min drive
  • Safa ParkPark · 3.1 km · about 8 min drive
  • Falcon Heritage and Sports CentreSports Academy · 3.5 km · about 9 min drive
  • Falcon Centre and Cultural SportsSports Academy · 3.6 km · about 9 min drive

Schools near Canal Bay

The nearest is Dubai International Private School - Br, 1.9 km away. Ratings are the KHDA's latest inspection grades.

  • Dubai International Private School - BrAmerican · KHDA: Good · 1.9 km
  • GEMS Our Own Indian SchoolIndian · KHDA: Very good · 2 km
  • Global Indian International School L.L.CIndian · KHDA: Good · 2.1 km
  • Iranian Towheed Boys SchoolIranian - International Baccalaureate · KHDA: Good · 2.2 km
  • Japanese SchoolJapanese · KHDA: Good · 2.6 km
  • Clarion School L.L.CAmerican · KHDA: Good · 2.6 km

Other buildings in Business Bay

Business Bay has 257 buildings. A few others to compare Canal Bay with:

  • 014 Tower, Business Bayجاهز

    014 Tower

    Business Bay · H&H

    Completed 2012

  • 77S, Business Bayعلى المخطط

    77S

    Business Bay · 77 Shades of Green

    Handover 31 Dec 2028 · 14% built

  • AG Tower, Business Bayجاهز

    AG Tower

    Business Bay · Arabian Gulf

    Completed 2021

الكل 257 الخليج التجاري buildings →

Things to consider about Canal Bay

In its favour

  • An active resale market: 43 sales in the last year make it easier to price and to sell.
  • Several schools within 3 km.

Worth checking

  • The nearest running metro station is 2 km away, so a car helps.
  • Still being built: the handover date can move, and the price is paid in stages before you get the keys.

Specialists

Brokers who know Canal Bay

These brokers handle sales and lettings in Canal Bay and can tell you what is available now.

الأسئلة الشائعة

Canal Bay: questions answered

Canal Bay was developed by Ned Properties in Business Bay.

Across its 20 most recent registered sales, Canal Bay sold for a median of AED 2,034 per sq ft and AED 2.3M per unit.

Recent yearly contracts in Canal Bay have a median rent of AED 140.0K.

The median gross yield on recently sold units in Canal Bay is 5.2%: the rent the unit earned over its purchase price, before costs.

The 2026 service charge for residential units in Canal Bay is AED 18.3 per sq ft a year, as registered with the Dubai Land Department.

Canal Bay has 2 Beds (1,100 to 4,970 sq ft), 3 Beds (1,450 to 3,170 sq ft), Commercial (110 to 3,330 sq ft).

District 1 near High Speed Rail line is about 0.8 km from Canal Bay.

The nearest schools include Dubai International Private School - Br (1.9 km), GEMS Our Own Indian School (2 km), Global Indian International School L.L.C (2.1 km).

Buying, selling or renting in Canal Bay?

A broker who works Business Bay will tell you what is available and what comparable homes went for.

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