Canal Bay
What people actually paid in Canal Bay: the sales registered at the Dubai Land Department, not asking prices. Understand the numbers before you buy.
122 sales are on record at the Dubai Land Department, below.
Your agent in Business Bay
Sales
Buying in Canal Bay? Leojo can walk you through what these numbers mean for you.
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- 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
Recorded rents and gross yield for Canal Bay →
How Canal Bay compares — every tower in Business Bay, ranked by recorded price →
Living in Business Bay — the area guide →
What a mortgage on a home in Canal Bay costs a month — and the cash you need on the day →
The recorded market
Price per square foot, by year
The median of every sale registered at the Dubai Land Department here. Not asking prices.
The low was 2024 at AED 2,049 a square foot, and it has recovered 0% since. It is still 2% below its 2025 peak.
What sells here
By size
Registered sales in the last three years. Sizes are the registered floor area.
| Layout | Typical size | Median price | Mean price | Per sq ft | Sales |
|---|---|---|---|---|---|
| 2 B/R | 1,264 sqft | 2,400,000 | 2,438,368 | 2,060 | 106 |
| 3 B/R | 1,449 sqft | 3,150,000 | 3,163,125 | 2,170 | 16 |
Layouts that have sold fewer than five times in three years are left out — too few to quote a median, so we do not guess at one.
Every sale, as registered
Recent sales in Canal Bay
The last transfers recorded at the Dubai Land Department, newest first.
| Date | Layout | Size | Price | Per sq ft |
|---|---|---|---|---|
| 17 Sept 2026 | 2 B/R | 1,327 | 2,450,000 | 1,846 |
| 17 Sept 2026 | 2 B/R | 1,264 | 2,600,000 | 2,057 |
| 29 Jul 2026 | 2 B/R | 1,264 | 2,700,000 | 2,136 |
| 19 Jun 2026 | 2 B/R | 1,112 | 1,977,000 | 1,778 |
| 13 May 2026 | 2 B/R | 1,326 | 2,300,000 | 1,734 |
| 11 May 2026 | 2 B/R | 1,264 | 2,450,000 | 1,938 |
| 29 Apr 2026 | 2 B/R | 1,326 | 2,270,000 | 1,712 |
| 21 Apr 2026 | 2 B/R | 1,100 | 2,100,000 | 1,910 |
| 17 Apr 2026 | 2 B/R | 1,100 | 2,290,000 | 2,082 |
| 15 Apr 2026 | 2 B/R | 1,228 | 2,750,000 | 2,239 |
| 14 Apr 2026 | 2 B/R | 1,112 | 2,440,000 | 2,195 |
| 2 Mar 2026 | 2 B/R | 1,100 | 2,250,000 | 2,046 |
How often it trades
Sales per year
Off-plan sales dominate a building’s first years; resales take over after handover.Off-planResale
Of the 122 sales on record, 0 were bought off-plan from the developer and 122 were resales of a finished home. The 2026 bar is part-year.
In context
Where it sits in Business Bay
Canal Bay is the 60th most expensive of the 100 Business Bay buildings with at least fifteen recorded sales in the last year. These are its immediate neighbours on price.
| Rank | Building | Sales, 12 months | Median per sq ft |
|---|---|---|---|
| 57 | The Paragon by IGO | 35 | 2,122 |
| 58 | Zada Tower | 52 | 2,112 |
| 59 | Vera Residences | 22 | 2,103 |
| 60 | Canal Bay | 51 | 2,064 |
| 61 | Paramount Tower Hotel & Residences | 28 | 2,036 |
| 62 | Binghatti Canal | 29 | 2,026 |
| 63 | VYB | 19 | 2,024 |
Business Bay as a whole: AED 2,500 a square foot across 6,232 sales in the last twelve months.
Where the market is moving
The busiest buildings in Business Bay
Canal Bay sold 3 completed homes in the ninety days to 19 Oct 2026, below the five-sale floor to rank. These are the five busiest buildings in Business Bay.
| Rank | Building | Sales, 90 days | Against its usual pace |
|---|---|---|---|
| 1 | Peninsula Four | 57 | New to resale |
| 2 | Regalia By Deyaar | 37 | New to resale |
| 3 | Peninsula Three | 32 | 1.2× |
| 4 | Peninsula Two | 22 | 5.9× |
| 5 | Aykon City Tower C | 18 | 1.0× |
Completed homes only, by the date the Dubai Land Department registered the transfer — the ninety days to 19 Oct 2026. Buildings with fewer than five sales in the window are not ranked. The ten busiest in Business Bay, with pace against each building’s own year before.
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.
| Building | Recorded sales | First traded | Median per sq ft |
|---|---|---|---|
| Sobha Skyparksnewest | 83 | 2026 | 4,250 |
| Avarra by Palacenewest | 156 | 2026 | 3,490 |
| Chic Tower | 538 | 2022 | 2,130 |
| Peninsula Five - 2 | 52 | 2022 | 2,127 |
| The Pad | 524 | 2009 | 2,104 |
| Damac Towers by Paramount Tower B | 663 | 2013 | 2,088 |
| Peninsula Five - 3 | 531 | 2022 | 2,058 |
| Damac Towers by Paramount Tower A | 644 | 2009 | 2,031 |
| VYB | 187 | 2023 | 2,005 |
| Peninsula One | 952 | 2022 | 1,987 |
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.
Buying in Canal Bay? The cost of buying, the title deed, the service charges and buying as a foreigner, explained.