Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026

Dubai Land Department register

Canal Heights

Under constructionBusiness BayCompletion on file Dec 2026

415 homes on the DLD register in Business Bay, filed by Vesta Real Estate Development L.L.C. 465 sales have been registered against it between 27 Feb 2023 and 21 Aug 2026.

Construction completeUnder construction

Recorded at DLD's site inspection of 17 Aug 2026. That is an inspector's last visit, not today — the site has moved on since.

Developer entityVesta Real Estate Development L.L.C
Area (DLD)Business Bay
StatusUnder construction
Homes415
Registered sales465
Project registry

THE DLD RECORD

Registry as at 4 Oct 2026
Registered developer entityVesta Real Estate Development L.L.C
Area (DLD)Business Bay
Master communityBusiness Bay
Project statusUnder construction
Construction progress36.30% complete (DLD inspection, 17 Aug 2026)
Homes registered415
Buildings1
Registered start25 May 2023
Registered completion date31 Dec 2026
DLD project number2602
Description as recorded by DLD

Project consists of 3B+G+3P+42F+1MECH+R+1UR residential building with retail outlets located in Business bay, Dubai. The building is designed to have a concreted structure and block with internal and external finishes.

Reproduced from the register verbatim, including its own abbreviations. It is the developer’s filed description, not our assessment of the project.

Project escrow account
Escrow trustee bankEmirates Nbd Bank (P.J.S.C)
Escrow account0205837430102

Under Dubai Law No. 8 of 2007 every payment on a registered off-plan project goes into that project’s escrow account, held at a DLD-approved trustee bank and released to the developer against verified construction progress — not to the developer direct and not to a broker. Check these details in DLD’s own Dubai REST app against the project number above before you transfer anything, and treat any account number that differs from the one DLD shows as a reason to stop. Substituted account details are a known fraud in this market. Reproduced from the DLD register as at 4 Oct 2026; account details can change, and DLD’s record is the authority, not this page.

Source: Dubai Land Department project register. The developer, area, counts and filed dates are as recorded at 4 Oct 2026; the project status and escrow details as at 4 Oct 2026. Construction progress carries the date of the DLD site inspection that produced it, which is a different date again and is stated on the row — where the register holds no dated inspection, no percentage is published rather than an undated one. “Registered completion date” is the completion date on file at DLD; it is a date on record, not a guarantee of handover, and where that date has already passed it means only that the register has not been updated, not that the project handed over. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at different dates from the transaction figures elsewhere on the page. Registered completion: Dec 2026.

Registered sales

REGISTERED SALE PRICES

DLD register · as at 5 Oct 2026

465 sales were registered against Canal Heights between 27 Feb 2023 and 21 Aug 2026 — a span of 42 months. Those are completed registrations at the Dubai Land Department, not asking prices or listings.

Median AED/sqft
2,816
Across 46 apartment and villa sales since 28 Apr 2025
Median price
AED 2.51m
Median size 829 sqft
Registered sales
465
27 Feb 2023 to 21 Aug 2026
Vs area median
+4.4%
Business Bay: 2,697 AED/sqft, 3,157 sales, off-plan only, 12 months to 5 Oct 2026

The two figures behind that percentage are not drawn on the same population. This project’s median covers every registration type across the whole register we hold (28 Apr 2025 to 5 Oct 2026). The area figure covers off-plan only in Business Bay over the 12 months to 5 Oct 2026, pooled on the transaction register’s own area name, which does not always match the project register’s name shown above. Unit mix, floor level and view are not controlled for on either side, and neither is use class: DLD registers offices and shops as units, so registered retail and office sales are pooled into both figures, and retail trades at a materially higher rate per square foot than residential stock in the same building. In sectors where commercial space is a large share of what registers, the area figure sits well above the residential rate. Read it as an indication of where this project sits in its area, not as a like-for-like comparison.

Median AED/sqft by quarter
2,841Q2 2025n=62,761Q3 2025n=102,877Q4 2025n=82,847Q1 2026n=162,861Q2 2026n=12,808Q3 2026n=5

A quarter with fewer than 20 registered sales is drawn hollow, with its sale count underneath. The change between quarters is quoted only between quarters that reached 20. Points are spaced evenly rather than by date.

By unit size
TypeSalesMedian sizeMedian AED/sqft
Studio15457 sqft2,817
1 bedroom13825 sqft2,942
2 bedrooms181,381 sqft2,752

Every band shows its median with its sale count. A band with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as the rate for that unit type.

Registration timing
Registration typeSalesMedian AED/sqft
Registered before completion462,816
Registered after completion0—

DLD splits registrations by timing: an off-plan registration is entered before the unit legally completes, an existing registration after. Where both appear, the gap between them reflects that difference as much as any movement in value. A side with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as a rate.

Buildings in the register
BuildingSales
CANAL HEIGHTS40
The last 12 registrations to 5 Oct 2026
DateTypeUnitSizePriceAED/sqft
21 Aug 2026Off-plan2 bedrooms1,333 sqftAED 3,493,4402,621
14 Aug 2026Off-plan2 bedrooms1,350 sqftAED 3,290,3402,437
12 Aug 2026Off-planStudio467 sqftAED 1,314,0002,811
4 Aug 2026Off-planStudio460 sqftAED 1,295,0002,817
6 Jul 2026Off-planStudio454 sqftAED 1,276,0002,808
28 Apr 2026Off-plan2 bedrooms1,409 sqftAED 4,032,9602,861
31 Mar 2026Off-plan1 bedroom818 sqftAED 2,527,0003,091
30 Mar 2026Off-planStudio473 sqftAED 1,359,0002,873
27 Mar 2026Off-plan1 bedroom716 sqftAED 1,927,0002,690
13 Mar 2026Off-plan1 bedroom871 sqftAED 2,530,0002,906
12 Mar 2026Off-plan2 bedrooms1,505 sqftAED 4,441,0002,950
3 Mar 2026Off-plan2 bedrooms1,505 sqftAED 4,439,0002,950

Basis: Dubai Land Department transaction register, arm’s-length sales of units and villas only. Gifts, mortgage registrations, zero-price rows, land plots and whole-building transfers are excluded, as are AED/sqft values outside 100–20,000. Figures are medians, not averages. The medians, trend and quarterly table above are drawn on the part of the register we hold in full detail, which runs from 28 Apr 2025 to 5 Oct 2026; 28 Apr 2025 is the earliest date there, not the date this project started selling. The sale count and date span in the opening sentence cover all registered history to 2 Oct 2026, from the transaction feed below. This page is a dated extract taken on 6 Oct 2026, not a live query. Past registered prices are evidence of what has been paid, not a forecast of future value.

Transaction history

ALL REGISTERED SALES

DLD register · to 2 Oct 2026
Median AED/sqft, last 6 months, apartments and villas
2,810
Across 6 registered sales to 2 Oct 2026
Registered sales, all time
465
27 Feb 2023 to 21 Aug 2026
The latest 25 of 465 sales, newest first
DateProperty typeBedroomsArea (sq ft)Price (AED)AED per sq ft
21 Aug 2026Flat2 B/R1,3333,493,4402,621
14 Aug 2026Flat2 B/R1,3503,290,3402,437
13 Aug 2026FlatStudio4681,314,0002,811
4 Aug 2026FlatStudio4601,295,0002,817
6 Jul 2026FlatStudio4541,276,0002,808
28 Apr 2026Flat2 B/R1,4094,032,9602,861
31 Mar 2026Flat1 B/R8182,527,0003,091
30 Mar 2026FlatStudio4731,359,0002,873
30 Mar 2026Flat1 B/R7161,927,0002,690
16 Mar 2026Flat1 B/R8712,530,0002,906
12 Mar 2026Flat2 B/R1,5054,441,0002,950
3 Mar 2026Flat2 B/R1,5054,439,0002,950
25 Feb 2026Flat2 B/R1,3813,817,1002,764
19 Feb 2026Flat1 B/R8252,481,0003,006
18 Feb 2026FlatStudio4511,100,0002,438
18 Feb 2026Flat1 B/R8252,481,0003,007
17 Feb 2026FlatStudio4521,274,0002,821
12 Feb 2026FlatStudio4561,327,0002,908
12 Feb 2026FlatStudio4581,278,0002,788
2 Feb 2026Flat2 B/R1,3813,856,0502,792
22 Jan 2026Flat2 B/R1,5974,415,0402,765
13 Jan 2026Flat2 B/R1,3673,713,2802,717
24 Dec 2025Flat2 B/R1,4904,266,0002,863
17 Dec 2025Flat2 B/R1,3273,663,0002,760
12 Dec 2025Flat2 B/R1,3333,578,9602,685

Source: Dubai Land Department sales register, every registered sale held against this project, as at 2 Oct 2026. The count is every registered sale, of any property type, over the project’s whole history. The median is a separate measure: it covers the 6 months to that date and uses only apartment and villa sales in that period that carry a price and an area. Offices, shops, land and other non-residential sales are listed above but never enter it. Areas are DLD’s square metres converted to square feet.

Next step

ASK US ABOUT CANAL HEIGHTS

This page is the public register — the project record as at 4 Oct 2026, and the transaction register to 5 Oct 2026.

  • AVAILABILITY

    On the register

    415 homes

    From the DLD project record as at 4 Oct 2026, filed at status “Under construction” as at 4 Oct 2026.

    Not on the register

    What is available now

  • PRICE

    On the register

    465 registered sales

    Prices already paid, registered between 27 Feb 2023 and 21 Aug 2026.

    Not on the register

    At what price

  • PAYMENT TERMS

    On the register

    —

    The DLD project register carries no payment-plan data of any kind.

    Not on the register

    On what payment terms

  • THE SPECIFIC UNIT

    On the register

    12 recent registrations

    Listed above with date, size, price and AED per square foot.

    Not on the register

    How the specific unit compares with the ones already registered

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