Urgent Sale | 9.4% Below OP | 1 BR in Canal Heights

Overview of the deal

An owner is selling a 1 bedroom apartment in Canal Heights, the Damac tower under construction in Downtown Dubai, Burj Khalifa Area, ahead of its expected Q2 2027 handover. The asking price is AED 2,050,000, which the owner's sheet puts 9.4% below the original price plus the 4% DLD fee.

Urgent resales can be reserved or repriced faster than most properties for sale in Dubai. Treat every figure here as indicative and verify it with us at enquiry.

The unit

The exact floor and the view are confirmed on request.

• Type: 1 bedroom apartment

• Size: 736 sq ft

• Floor: between 30 and 40

• View: full canal, as stated by the owner

• Private balcony

• Expected handover: Q2 2027

As a 1 bedroom apartment Dubai buyers can live in or hold, the layout fits a single occupant or a couple who want a high floor and an open outlook.

The building and community

Canal Heights is registered in Downtown Dubai, Burj Khalifa Area. Downtown Dubai apartments draw buyers for the address around Burj Khalifa, and a unit at this height adds the canal outlook the owner describes.

Damac has developed in Dubai since 2002, and buyers who track Damac projects will know it for branded residences and large master communities. Amenities were not part of the owner's information, so ask us for the developer's specification.

Price, discount and payment position

The owner's figures: original price plus 4% DLD of AED 2,263,683, a selling price of AED 2,050,000 and a stated discount of AED 213,683 (9.4%). The basis is the original price including DLD, not a valuation or a market estimate.

Due at transfer, with an owner's total of AED 1,401,835:

• Payment to seller: AED 1,266,430

• DLD transfer fee (4% of original price + AED 40): AED 87,105

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% + VAT): AED 43,050

Remaining instalments on the owner's sheet:

• 6 October 2026: AED 21,766 (this date has passed; confirm whether the seller paid it)

• 6 November 2026: AED 21,766

• 6 December 2026: AED 21,766

• 6 January 2027: AED 21,766

• 6 February 2027: AED 130,595

• 6 March 2027: AED 21,766

• On handover: AED 544,145

The owner states the remaining plan at AED 783,570 and the total cost to the buyer at AED 2,185,405. A resale buyer takes over what is left of the payment plan Dubai developers issued at launch, and the developer's statement of account settles what is still owed.

Why this deal and for whom

The draws are the stated 9.4% gap, a high floor with a canal outlook and a Q2 2027 handover. The largest single payment, AED 544,145, falls on handover. Among off-plan properties Dubai buyers take over late in construction, that means a short wait.

It suits buyers who want to buy property in Dubai with completion in sight, and Dubai property investment buyers who prefer a compact unit among the off-plan projects Dubai developers are finishing. When comparing apartments for sale in Dubai at this stage, check paid and unpaid instalments as closely as the price. We give no forecast of rent or resale value; weigh those against current Dubai real estate data.

What happens next

As a real estate agency Dubai buyers use for off-plan resales, Mahboob Estate works in this order:

• Confirm availability, the price and the October 2026 instalment with us.

• We obtain the developer's statement of account.

• Agree terms and sign the sale agreement with the seller.

• The developer issues its no-objection certificate and the transfer completes at a trustee office.

• Pay the remaining instalments to the developer up to handover.

FAQ

Is the 9.4% discount a valuation?

No. It is the owner's comparison with the original price plus 4% DLD of AED 2,263,683. Verify it at enquiry.

What about the instalment dated 6 October 2026?

That date has passed. The owner's schedule still lists AED 21,766 for it, so we confirm with the developer whether it was paid before any transfer.

How much do I need at transfer?

AED 1,401,835 on the owner's sheet: the seller payment, the DLD transfer fee, the trustee office fee and the agency commission.