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Canal Bay

What tenants actually pay: the tenancies registered with Ejari, not asking rents. Understand the numbers before you rent.

What Business Bay rents for, and what this building yields, below.

Your agent in Business Bay

Ramsheed Karuvadan

Ramsheed Karuvadan

Leasing

Renting in Canal Bay? Ramsheed can walk you through what these numbers mean for you.

Ramsheed is marketing 28 homes for rent in Business Bay right now.

Community
Business Bay
Nearest metro
Business Bay Metro Station — as the Dubai Land Department files it; every building beside it, and what each sold for
First on record
2024 — already a completed home — the record opens after handover
Sales on record
122 — registered at the Dubai Land Department, the latest September 2026
Off-plan share
0% — 0 bought off-plan from the developer, 122 resales of a completed home

Every recorded sale in Canal Bay — prices, sizes and the year it was handed over →

How Canal Bay compares — every tower in Business Bay, ranked by recorded price →

What Canal Bay's neighbours let for — every tower in Business Bay the register names, ranked →

Living in Business Bay — the area guide →

What a home in Canal Bay returns on its rent — the yield calculator →

Business Bay rent per sq ft
AED 96
a year · 17,806 contracts in Business Bay
Gross yield
4.6%
2 B/R · Business Bay rents over its own sale prices
Recorded sale price
AED 2,064
per sq ft · 122 sales on record
Handed over
—
Not derivable from the register

The area, not the building

Recorded rents in Business Bay

The register does not name Canal Bay on enough contracts to quote it alone, so these are the community's figures — every tenancy registered in the last twelve months, read from Business Bay. The full Business Bay rental report →

LayoutMedian rentMean rentNew leaseRenewalPer sq ft / yearContracts
Studio65,00066,49765,00063,0001354,286
1 B/R85,00092,07590,00082,5001157,494
2 B/R125,000132,165135,000115,500964,572
3 B/R171,845187,486185,000162,116891,332
4 B/R300,000319,809300,000300,00083109

A community figure, not this building’s. A tower priced below its neighbours usually lets below them too; a tower priced above them, above. Use these as the range the building sits in.

Rent against price

Gross yield in Canal Bay

The rent per square foot a year recorded across Business Bay, over this building's own recorded resale price per square foot — an indicative figure, since the rent is the area's and the price is the building's.

LayoutRent / sq ft / yearRent fromSale / sq ftGross yield
2 B/R96Business Bay · 4,5722,0604.6%
3 B/R89Business Bay · 1,3322,1704.1%

Gross: before service charges, agency fees and any months empty between tenants. The sale side is completed homes sold here in the last three years, five or more of a layout.

Where these numbers come from. Every rent on this page is a tenancy contract registered with Ejari, the Dubai Land Department’s rental register, read directly from the Dubai Data Exchange. It is what tenants actually agreed to pay — not asking rents, not our own estimates. Homes only: offices, shops, labour accommodation and whole-building leases are excluded, as are contracts covering several properties at one price and the register’s own typing errors. The municipality’s housing fee on the DEWA bill is 5% of the same registered rent. The register records the area a home sits in and, on about a quarter of contracts, the project — never the building on its own — so a community’s figures are its DLD area’s, and a building’s are its own only where the register names it. Medians are used rather than averages so one unusual contract cannot move the number. Data through 21 Oct 2026.

Nearby

What else to look at in Business Bay

The buildings this one sits between on recorded price per square foot, and the newest to start trading. Every one has its own page of registered prices.

BuildingRecorded salesFirst tradedMedian per sq ft
Sobha Skyparksnewest8320264,250
Avarra by Palacenewest15620263,490
Chic Tower53820222,130
Peninsula Five - 25220222,127
The Pad52420092,104
Damac Towers by Paramount Tower B66320132,088
Peninsula Five - 353120222,058
Damac Towers by Paramount Tower A64420092,031
VYB18720232,005
Peninsula One95220221,987

Medians over each building’s whole recorded history at the Dubai Land Department, so a tower that has not traded lately is still here — this is what to look at next, not what the market is doing this month. Buildings with fewer than five recorded sales are left out. “First traded” is the year the register first saw a sale in the building, which for a new tower is close to its handover.

Moving into Canal Bay? Ejari, the DEWA move-in and your Makani number, explained.

Questions about Canal Bay? Ramsheed is a message away.

Ramsheed Karuvadan

Ramsheed Karuvadan

Your agent in Business Bay