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CANAL HEIGHTS

by VESTA REAL ESTATE DEVELOPMENT L.L.C·BUSINESS BAYResidentialFreeholdOff-plan Heavy

Development & Handover Profile

🏗️ Under Construction

Construction Progress18.1%

Project Start

May 25, 2023

Expected Handover

Dec 31, 2026

129 days remaining

Official Status

ACTIVE

Total Units

415

Avg Unit Size

746 sqft

Freehold Ratio

100%

Escrow Agent

Emirates NBD (ENBD)

Median Price

AED 1.42M

PSF

AED 2,832/sqft

Sales 12M

vs Area

+2.7%

Asset Turnover

ⓘ

5.1%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

415

Avg Unit Size

746 sqft

2BR

14.9%

1BR

34.2%

4BR+

0.2%

Studio

49.2%

3BR

0.5%

1.0%

Room Configuration

Unit Type	Count	Share
Studio	204	49.2%
1BR	142	34.2%
2BR	62	14.9%
NA	4	1.0%
3BR	2	0.5%
4BR+	1	0.2%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit Type	Inventory Share	Sales Share (12M)	Demand Index	Status
Studio	49.6% 204 units	30.2% 13 sold	0.61	⚠️ LOW DEMAND
1BR	34.5% 142 units	25.6% 11 sold	0.74	⚠️ LOW DEMAND
2BR	15.1% 62 units	44.2% 19 sold	2.93	🔥 HIGH DEMAND
3BR	0.5% 2 units	0.0% 0 sold	—	⚠️ STAGNANT
4BR+	0.2% 1 units	0.0% 0 sold	—	⚠️ STAGNANT

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
21 Aug 2026	BUSINESS BAY	2BR	AED 3.49M	AED 2,621/sqft	Off-plan	Freehold
14 Aug 2026	BUSINESS BAY	2BR	AED 3.29M	AED 2,437/sqft	Off-plan	Freehold
12 Aug 2026 Published 13 Aug 2026	BUSINESS BAY	Studio	AED 1.31M	AED 2,811/sqft	Off-plan	Freehold
4 Aug 2026	BUSINESS BAY	Studio	AED 1.29M	AED 2,817/sqft	Off-plan	Freehold
6 Jul 2026	BUSINESS BAY	Studio	AED 1.28M	AED 2,808/sqft	Off-plan	Freehold
28 Apr 2026	BUSINESS BAY	2BR	AED 4.03M	AED 2,861/sqft	Off-plan	Freehold
30 Mar 2026 Published 31 Mar 2026	BUSINESS BAY	1BR	AED 2.53M	AED 3,091/sqft	Off-plan	Freehold
27 Mar 2026 Published 30 Mar 2026	BUSINESS BAY	1BR	AED 1.93M	AED 2,690/sqft	Off-plan	Freehold
27 Mar 2026 Published 30 Mar 2026	BUSINESS BAY	Studio	AED 1.36M	AED 2,873/sqft	Off-plan	Freehold
13 Mar 2026 Published 16 Mar 2026	BUSINESS BAY	1BR	AED 2.53M	AED 2,906/sqft	Off-plan	Freehold
12 Mar 2026	BUSINESS BAY	2BR	AED 4.44M	AED 2,950/sqft	Off-plan	Freehold
3 Mar 2026	BUSINESS BAY	2BR	AED 4.44M	AED 2,950/sqft	Off-plan	Freehold
25 Feb 2026	BUSINESS BAY	2BR	AED 3.82M	AED 2,764/sqft	Off-plan	Freehold
19 Feb 2026	BUSINESS BAY	1BR	AED 2.48M	AED 3,006/sqft	Off-plan	Freehold
18 Feb 2026	BUSINESS BAY	1BR	AED 2.48M	AED 3,007/sqft	Off-plan	Freehold
18 Feb 2026	BUSINESS BAY	Studio	AED 1.10M	AED 2,438/sqft	Off-plan	Freehold
16 Feb 2026 Published 17 Feb 2026	BUSINESS BAY	Studio	AED 1.27M	AED 2,821/sqft	Off-plan	Freehold
12 Feb 2026	BUSINESS BAY	Studio	AED 1.33M	AED 2,908/sqft	Off-plan	Freehold
12 Feb 2026	BUSINESS BAY	Studio	AED 1.28M	AED 2,788/sqft	Off-plan	Freehold
2 Feb 2026	BUSINESS BAY	2BR	AED 3.86M	AED 2,792/sqft	Off-plan	Freehold
21 Jan 2026 Published 22 Jan 2026	BUSINESS BAY	2BR	AED 4.42M	AED 2,765/sqft	Off-plan	Freehold
12 Jan 2026 Published 13 Jan 2026	BUSINESS BAY	2BR	AED 3.71M	AED 2,717/sqft	Off-plan	Freehold
24 Dec 2025	BUSINESS BAY	2BR	AED 4.27M	AED 2,863/sqft	Off-plan	Freehold
17 Dec 2025	BUSINESS BAY	2BR	AED 3.66M	AED 2,760/sqft	Off-plan	Freehold
12 Dec 2025	BUSINESS BAY	2BR	AED 3.58M	AED 2,685/sqft	Off-plan	Freehold
1 Dec 2025	BUSINESS BAY	Studio	AED 1.29M	AED 2,920/sqft	Off-plan	Freehold
19 Nov 2025	BUSINESS BAY	Studio	AED 1.31M	AED 2,803/sqft	Off-plan	Freehold
30 Oct 2025	BUSINESS BAY	2BR	AED 3.56M	AED 2,675/sqft	Off-plan	Freehold
27 Oct 2025	BUSINESS BAY	2BR	AED 4.25M	AED 2,876/sqft	Off-plan	Freehold
20 Oct 2025	BUSINESS BAY	2BR	AED 4.25M	AED 2,877/sqft	Off-plan	Freehold