ReadyOff-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
- Status
- Off-plan
- Developer
- Ned Properties
- Location
- Business Bay, Dubai
- Unit types
- 2 Beds, 3 Beds, Commercial
- Prices from
- AED 2.2M
- Median price per sq ft
- AED 2,034
- Median gross yield
- 5.2%
- Service charge
- 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 type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| 2 Beds | 106 | 1,100 sqft102.2 sqmt – 4,970 sqft461.7 sqmt | AED 2.3M | AED 125K |
| 3 Beds | 18 | 1,450 sqft134.7 sqmt – 3,170 sqft294.5 sqmt | AED 3.4M | AED 195K |
| Commercial | 12 | 110 sqft10.2 sqmt – 3,330 sqft309.4 sqmt | No recent sales | – |
Sale trends in Canal Bay
Median sale price
AED 2.3M
Median per sq ft
AED 2,034
Median gross yield
5.2%
Price ranges from the most recent registered sales, by unit type:
- 2-bedroom apartments: AED 2.0M to AED 2.9M (1,100 to 1,327 sq ft), across 19 sales
- 3-bedroom apartments: one sale at AED 3.5M (1,449 sq ft)
Rental trends in Canal Bay
2-bedroom homes in Canal Bay were let for AED 110.0K to AED 140.0K a year across 2 recent contracts, with a median of AED 125.0K.
Yearly rents from recent registered contracts, by unit type:
- 2-bedroom apartments: AED 110.0K to AED 140.0K a year (1,326 sq ft), across 2 contracts
- 3-bedroom apartments: AED 195.0K a year (1,449 sq ft)
Recent transactions in Canal Bay
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Canal Bay, Business BayReadyApartment | AED 2,450,000AED 1,846 /sqftAED 19,870 /sqmt | 1,327 sqft123.3 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,600,000AED 2,057 /sqftAED 22,141 /sqmt | 1,264 sqft117.4 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,700,000AED 2,136 /sqftAED 22,992 /sqmt | 1,264 sqft117.4 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 1,977,000AED 1,778 /sqftAED 19,138 /sqmt | 1,112 sqft103.3 sqmt2 Beds | Owner |
| Canal Bay, Business BayReadyApartment | AED 2,300,000AED 1,735 /sqftAED 18,675 /sqmt | 1,326 sqft123.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,450,000AED 1,938 /sqftAED 20,860 /sqmt | 1,264 sqft117.4 sqmt2 Beds | Owner |
| Canal Bay, Business BayReadyApartment | AED 2,270,000AED 1,712 /sqftAED 18,428 /sqmt | 1,326 sqft123.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,100,000AED 1,909 /sqftAED 20,548 /sqmt | 1,100 sqft102.2 sqmt2 Beds | Owner |
| Canal Bay, Business BayReadyApartment | AED 2,290,000AED 2,082 /sqftAED 22,410 /sqmt | 1,100 sqft102.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,750,000AED 2,239 /sqftAED 24,100 /sqmt | 1,228 sqft114.1 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,440,000AED 2,194 /sqftAED 23,616 /sqmt | 1,112 sqft103.3 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,250,000AED 2,045 /sqftAED 22,012 /sqmt | 1,100 sqft102.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,225,000AED 2,023 /sqftAED 21,775 /sqmt | 1,100 sqft102.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,320,000AED 1,748 /sqftAED 18,815 /sqmt | 1,327 sqft123.3 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,340,000AED 1,763 /sqftAED 18,977 /sqmt | 1,327 sqft123.3 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,250,000AED 2,045 /sqftAED 22,012 /sqmt | 1,100 sqft102.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,310,000AED 1,742 /sqftAED 18,751 /sqmt | 1,326 sqft123.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,270,000AED 2,064 /sqftAED 22,217 /sqmt | 1,100 sqft102.2 sqmt2 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 3,500,000AED 2,415 /sqftAED 25,995 /sqmt | 1,449 sqft134.6 sqmt3 Beds | Developer |
| Canal Bay, Business BayReadyApartment | AED 2,850,000AED 2,321 /sqftAED 24,983 /sqmt | 1,228 sqft114.1 sqmt2 Beds | Developer |
Canal Bay
Business Bay
AED 2.5M
AED 1,846 /sqftAED 19,870 /sqmt
ReadyApartment1,327 sqft123.3 sqmt2 BedsDeveloper17 Sept 2026Canal Bay
Business Bay
AED 2.6M
AED 2,057 /sqftAED 22,141 /sqmt
ReadyApartment1,264 sqft117.4 sqmt2 BedsDeveloper17 Sept 2026Canal Bay
Business Bay
AED 2.7M
AED 2,136 /sqftAED 22,992 /sqmt
ReadyApartment1,264 sqft117.4 sqmt2 BedsDeveloper29 Jul 2026Canal Bay
Business Bay
AED 2M
AED 1,778 /sqftAED 19,138 /sqmt
ReadyApartment1,112 sqft103.3 sqmt2 BedsOwner19 Jun 2026Canal Bay
Business Bay
AED 2.3M
AED 1,735 /sqftAED 18,675 /sqmt
ReadyApartment1,326 sqft123.2 sqmt2 BedsDeveloper13 May 2026Canal Bay
Business Bay
AED 2.5M
AED 1,938 /sqftAED 20,860 /sqmt
ReadyApartment1,264 sqft117.4 sqmt2 BedsOwner11 May 2026Canal Bay
Business Bay
AED 2.3M
AED 1,712 /sqftAED 18,428 /sqmt
ReadyApartment1,326 sqft123.2 sqmt2 BedsDeveloper29 Apr 2026Canal Bay
Business Bay
AED 2.1M
AED 1,909 /sqftAED 20,548 /sqmt
ReadyApartment1,100 sqft102.2 sqmt2 BedsOwner21 Apr 2026Canal Bay
Business Bay
AED 2.3M
AED 2,082 /sqftAED 22,410 /sqmt
ReadyApartment1,100 sqft102.2 sqmt2 BedsDeveloper17 Apr 2026Canal Bay
Business Bay
AED 2.8M
AED 2,239 /sqftAED 24,100 /sqmt
ReadyApartment1,228 sqft114.1 sqmt2 BedsDeveloper14 Apr 2026Canal Bay
Business Bay
AED 2.4M
AED 2,194 /sqftAED 23,616 /sqmt
ReadyApartment1,112 sqft103.3 sqmt2 BedsDeveloper14 Apr 2026Canal Bay
Business Bay
AED 2.3M
AED 2,045 /sqftAED 22,012 /sqmt
ReadyApartment1,100 sqft102.2 sqmt2 BedsDeveloper2 Mar 2026Canal Bay
Business Bay
AED 2.2M
AED 2,023 /sqftAED 21,775 /sqmt
ReadyApartment1,100 sqft102.2 sqmt2 BedsDeveloper20 Feb 2026Canal Bay
Business Bay
AED 2.3M
AED 1,748 /sqftAED 18,815 /sqmt
ReadyApartment1,327 sqft123.3 sqmt2 BedsDeveloper19 Feb 2026Canal Bay
Business Bay
AED 2.3M
AED 1,763 /sqftAED 18,977 /sqmt
ReadyApartment1,327 sqft123.3 sqmt2 BedsDeveloper12 Feb 2026Canal Bay
Business Bay
AED 2.3M
AED 2,045 /sqftAED 22,012 /sqmt
ReadyApartment1,100 sqft102.2 sqmt2 BedsDeveloper2 Feb 2026Canal Bay
Business Bay
AED 2.3M
AED 1,742 /sqftAED 18,751 /sqmt
ReadyApartment1,326 sqft123.2 sqmt2 BedsDeveloper2 Feb 2026Canal Bay
Business Bay
AED 2.3M
AED 2,064 /sqftAED 22,217 /sqmt
ReadyApartment1,100 sqft102.2 sqmt2 BedsDeveloper2 Feb 2026Canal Bay
Business Bay
AED 3.5M
AED 2,415 /sqftAED 25,995 /sqmt
ReadyApartment1,449 sqft134.6 sqmt3 BedsDeveloper30 Jan 2026Canal Bay
Business Bay
AED 2.9M
AED 2,321 /sqftAED 24,983 /sqmt
ReadyApartment1,228 sqft114.1 sqmt2 BedsDeveloper23 Jan 2026
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| Canal Bay, Business BayApartmentNew contract | AED 140,000 | 1,326 sqft123.2 sqmt2 Beds | to |
| Canal Bay, Business BayApartmentNew contract | AED 110,000 | 1,326 sqft123.2 sqmt2 Beds | to |
| Canal Bay, Business BayApartmentNew contract | AED 195,000 | 1,449 sqft134.6 sqmt3 Beds | to |
Canal Bay
Business Bay
AED 140K/yr
ApartmentNew contract1,326 sqft123.2 sqmt2 BedstoCanal Bay
Business Bay
AED 110K/yr
ApartmentNew contract1,326 sqft123.2 sqmt2 BedstoCanal Bay
Business Bay
AED 195K/yr
ApartmentNew contract1,449 sqft134.6 sqmt3 Bedsto
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.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| 2 Beds Apartment (2026) | AED 18.3 | 1,100 sqft102.2 sqmt – 4,970 sqft461.7 sqmt | AED 20,130 – AED 90,951 |
| 3 Beds Apartment (2026) | AED 18.3 | 1,450 sqft134.7 sqmt – 3,170 sqft294.5 sqmt | AED 26,535 – AED 58,011 |
| Retail (2026) | AED 8.47 | 110 sqft10.2 sqmt – 3,330 sqft309.4 sqmt | AED 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
- Business BayRed 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:
- Ready
Ready- Ready
ReadyOff-plan
Ready
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.
Vishal Vijaykumar Khilwani
Property Advisor
Aniket Arun Tiwari
Property Advisor
Insha Ulla Khan
Property Advisor
Hafiz Muhammad Mudassir
Property Advisor
Mahmoud Hamzeh
Property Advisor
Shiela Marie Duran
Property Advisor
Youssouf Ngouh Njikam
Property Advisor
Mishel Wehbe
Associate Director
FAQs
Canal Bay: questions answered
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.