Urgent Sale | 5.2% Below OP | 3 BR in Canal Heights 2

Overview of the deal

An owner is reselling a 3-bedroom apartment in Canal Heights 2, a Damac tower in Downtown Dubai, Burj Khalifa Area, before completion in October 2027 and handover in Q4 2027. The asking price is AED 5,750,000, and unlike many properties for sale in Dubai offered as resales, it comes with a full cost sheet.

By the owner's figures, that is AED 312,160 (5.2%) below the original price plus the 4% DLD fee, which the owner puts at AED 6,062,160. The discount is measured against the original price including DLD, not the original price alone, and it is the owner's figure, not an independent valuation. Verify the discount, availability and every figure at enquiry, as resale terms can change.

The unit

• Type: apartment, 3 bedrooms

• Size: 2,208 sq ft

• Floor: between levels 2 and 8

• View: canal

• Outdoor space: private balcony

• Handover: Q4 2027

Ask for the exact floor, unit number and floor plan. At 2,208 sq ft, this is a 3 bedroom apartment Dubai families can settle into, with a balcony over the water.

The building and community

Canal Heights 2 is one of the Damac projects under construction. Damac has developed in Dubai since 2002 and is known for luxury real estate, branded residences and large master communities, which puts this building among luxury apartments Dubai buyers associate with the brand. No building amenities are listed, so ask us for the developer's list.

For buyers comparing Downtown Dubai apartments, the facts to weigh here are the size, the canal view and the payment position below.

Price, discount and payment position

• Original price plus 4% DLD: AED 6,062,160

• Selling price: AED 5,750,000

• Discount stated by the owner: AED 312,160 (5.2%)

Due on transfer:

• Payment to seller: AED 2,194,310

• DLD transfer fee (4% of original price + AED 40): AED 233,200

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% + VAT): AED 120,750

• Total on transfer: AED 2,553,510

After transfer, the buyer takes over the remaining payment plan Dubai developers attach to units like this: seven monthly instalments of AED 174,870 on the 16th of each month from September 2026 to March 2027 (AED 1,224,090 during construction), then AED 2,331,600 on completion. The owner's sheet gives a total remaining payment plan of AED 3,555,690 and total buyer costs of AED 6,109,200.

The first two instalment dates, 16 September and 16 October 2026, have already passed. Confirm with the developer's statement of account whether the seller paid them.

Why this deal and for whom

The case rests on size, a stated discount and costs split across transfer, instalments and completion. Among apartments for sale in Dubai at this size, that split lets a buyer plan cash flow up to handover.

• Families who want three bedrooms and can wait for a Q4 2027 handover

• Buyers new to Dubai real estate who are comfortable taking over developer instalments

• Investors comparing off-plan properties Dubai owners resell before completion

No rental yield or resale value is promised. As with any Dubai property investment, results depend on the market at handover and after.

What happens next

To buy property in Dubai through a resale, most people use a real estate agency Dubai buyers can rely on for the paperwork. With Mahboob Estate, the usual steps are:

• Confirm availability, price and the discount figures

• Review the original sale and purchase agreement and the developer's statement of account

• Agree terms and sign a memorandum of understanding with the seller

• The developer issues a no objection certificate

• Complete the transfer at a trustee office, then continue the remaining instalments

FAQ

How is the 5.2% discount calculated?

The owner compares the AED 5,750,000 selling price with the original price plus the 4% DLD fee, AED 6,062,160, a difference of AED 312,160. Verify it at enquiry.

How much is due on transfer?

AED 2,553,510: the payment to the seller, the DLD transfer fee, the trustee office fee and the agency commission.

When is handover?

Handover is planned for Q4 2027, with completion listed for October 2027. The final AED 2,331,600 falls due on completion.