Apartment for Sale in Business Bay by DAMAC

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Off Plan

2 Bed Apartment for Sale in Business Bay – Canal Crown by DAMAC

developer logoDAMAC Properties
Business Bay
Apartment
0% Completed

About Property

Experience the epitome of waterfront luxury at Canal Crown by DAMAC in the vibrant heart of Dubai's Business Bay. This stunning two-bedroom apartment offers breathtaking views of the canal and the iconic Dubai skyline, providing an unparalleled living experience. The apartment boasts premium interiors with high-end finishes and smart home technology, ensuring a seamless blend of elegance and modern convenience. Residents can indulge in exclusive amenities, including a state-of-the-art infinity pool and a world-class fitness center, perfect for relaxation and wellness. Canal Crown's prime location in Business Bay offers easy access to the city's key destinations, including Downtown Dubai, making it an ideal choice for those seeking a dynamic urban lifestyle. The area is renowned for its upscale dining, shopping, and entertainment options, ensuring residents are always connected to the best Dubai has to offer. The apartment features floor-to-ceiling windows that flood the space with natural light and offer panoramic scenery, creating a bright and inviting atmosphere. A private balcony provides the perfect setting to unwind and enjoy the fresh air, while secure covered parking adds to the convenience. This property is not just a luxurious residence; it's also a lucrative investment opportunity in a high-demand residential tower. With its strategic location, premium features, and the DAMAC brand's reputation for quality, Canal Crown promises strong returns and long-term value. The dedicated concierge and 24/7 security services ensure peace of mind, while the designer kitchen with high-end appliances and sleek finishes adds a touch of sophistication. Smart home technology enhances modern convenience, and the spacious open-plan living and dining areas are perfect for both relaxation and entertaining. Don't miss the chance to own a piece of Dubai's thriving real estate market. This apartment offers a unique blend of luxury, convenience, and investment potential, making it a truly exceptional opportunity.

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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
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