With your consent, we use Google Analytics for statistics and the Meta Pixel, LinkedIn Insight Tag and Google Ads to measure our ads. They set cookies and send data to these providers, also outside the UAE; when you send a form, our server may also report it to Meta and LinkedIn, with your email address only in hashed form. You can change your choice at any time under “Cookie settings”.

Choose which tools we may use. We store your choice in your browser for 12 months; you can change it here at any time.

Privacy policy

Dubai building data

Canal Bay: sale prices and rents

كانال باي

Registered sales and rent contracts for the building Canal Bay in Business Bay, from Dubai Land Department open data.

Canal Bay (Business Bay): 54 registered sales in the 12 months to September 2026, median AED 2,064 per sq ft. Source: Dubai Land Department open data via data.dubai, as of 23 Oct 2026, calculated by Zolia.

Key figures, last 12 months

Data as of 23 Oct 2026 · Period Oct 2025 – Sep 2026

Registered sales
54
−21.7% vs previous 12 months
Median price per sq ft
AED 2,064 per sq ft
−1.7% vs previous 12 months
Median sale price
AED 2.3m
Off-plan share of sales
under 3
Registered rent contracts
under 3
Median annual rent
under 3 rent contracts
Gross rental yield
under 3 rent contracts
Mortgage registrations
12

Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

Registered mortgage transactions only, without interest rates and without lenders.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Off-plan and ready sales in Canal Bay

StatusSalesMedian per sq ftMiddle range per sq ft
Off-planunder 3under 3under 3
Ready54AED 2,064 per sq ft1,763 – 2,164

Off-plan sales are sales of properties before completion, as registered in Dubai Land Department transactions; ready sales are sales of completed properties.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Rents and rental yield in Canal Bay

Registered rent contracts
under 3
Median annual rent
under 3 rent contracts
Median annual rent per sq ft
under 3 rent contracts
Gross rental yield
under 3 rent contracts

The permitted rent increase is set by the Smart Rental Index of the Dubai Land Department; this page does not compute an index value. About the Smart Rental Index

Too few apartment rent contracts for a gross rental yield: fewer than 3 in the period, at least 30 needed.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Price per sq ft and rents by unit type in Canal Bay

Unit typeSalesMedian per sq ftMedian annual rentGross yield
2 bedrooms52AED 2,057 per sq ftunder 3 rent contractsunder 3 rent contracts

Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Price trend in Canal Bay

MonthSalesMedian per sq ftRent contracts
Nov 20244AED 2,049 per sq ftunder 3
Jan 20253AED 1,763 per sq ftunder 3
Feb 20254AED 2,132 per sq ftunder 3
Mar 20257AED 2,112 per sq ftunder 3
Apr 20256AED 2,119 per sq ftunder 3
May 20254AED 1,743 per sq ftunder 3
Jun 20256AED 2,017 per sq ftunder 3
Jul 202511AED 2,133 per sq ftunder 3
Aug 202510AED 2,049 per sq ftunder 3
Sep 202512AED 2,159 per sq ftunder 3
Oct 202511AED 1,978 per sq ftunder 3
Nov 20255AED 2,064 per sq ftunder 3
Dec 202513AED 2,119 per sq ftunder 3
Jan 20267AED 2,177 per sq ftunder 3
Feb 20266AED 1,763 per sq ftunder 3
Apr 20265AED 2,083 per sq ftunder 3
Sales per calendar year
YearSalesMedian per sq ft
20248AED 2,049 per sq ft
202592AED 2,088 per sq ft

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Location

Canal Bay is a building in the DLD area Business Bay.

Figures for Business Bay

Names as in the registered transactions and rent contracts; company names are not shown.

More buildings in Business Bay

  • DOWNTOWN RESIDENCES 364 registered transactions and rent contracts in 12 months.
  • Al Habtoor Tower 216 registered transactions and rent contracts in 12 months.
  • TIGER SKY TOWER 173 registered transactions and rent contracts in 12 months.
  • Peninsula Three 168 registered transactions and rent contracts in 12 months.
  • burj capital 140 registered transactions and rent contracts in 12 months.
  • THE EDGE 126 registered transactions and rent contracts in 12 months.

Questions about Canal Bay

How many sales were registered in Canal Bay?
54 sales were registered in Canal Bay in Oct 2025 – Sep 2026.
What is the median price per sq ft in Canal Bay?
The median price of registered sales in Canal Bay was AED 2,064 per sq ft in Oct 2025 – Sep 2026.
Which DLD area is Canal Bay in?
Canal Bay is registered in the Dubai Land Department area Business Bay.

Method and source

All Dubai buildings with figuresAll Dubai areasHow these figures are calculated

Figures based on fewer than 3 records are not shown.

Source: Dubai Land Department, open data via data.dubai (as of 23 Oct 2026). Prepared by Zolia; not an official product of the Dubai Land Department.

Open data portal: data.dubai · Licence: Dubai Open Data Licence

  • Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae