Apartment for Sale in Business Bay by Damac

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Off Plan

2 Bed Apartment for Sale in Business Bay – Canal Heights by Damac

developer logoDAMAC Properties
Business Bay
Apartment
0% Completed

About Property

Discover luxury living at Canal Heights by Damac, a stunning 2-bedroom apartment located in the vibrant Business Bay, Dubai. This exquisite property offers a blend of modern design and unparalleled comfort, perfect for those seeking a sophisticated urban lifestyle or a lucrative investment opportunity in Dubai's thriving real estate market. The apartment boasts 3 elegant bathrooms and spacious 1,352 sq. ft. interiors, providing ample space for comfortable living and entertaining. Floor-to-ceiling windows offer breathtaking waterfront views, allowing residents to immerse themselves in the beauty of the surrounding cityscape. The apartment features high-end kitchen with premium appliances and finishes, ensuring a seamless culinary experience. Residents can enjoy a range of state-of-the-art amenities, including an infinity pool with panoramic city skyline views, a state-of-the-art fitness center with wellness facilities, and a spacious balcony for outdoor relaxation and entertainment. The prime location near major attractions and business hubs makes it an ideal choice for both residents and investors. Smart home technology enhances comfort and modern living, providing convenience and security. The building offers covered parking, ensuring the safety of your vehicles. The presence of a concierge service adds an extra layer of convenience, catering to residents' needs. The property's high rental yield potential makes it an attractive investment for those looking to capitalize on Dubai's booming real estate market. With its strategic location, luxurious features, and high-end finishes, this apartment promises a lifestyle of unparalleled elegance and convenience. The apartment is located in Business Bay, a dynamic district known for its iconic skyline, luxury hotels, and vibrant nightlife. This apartment is not just a home; it's a statement of luxury and a gateway to the best Dubai has to offer.

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Location

Business Bay

Expected ROI

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Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
$1,012,500.00Onwards