Apartment for Sale in Business Bay by DAMAC

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Off Plan

1 Bed Apartment for Sale in Business Bay – Canal Heights by DAMAC

developer logoDAMAC Properties
Business Bay
Apartment
0% Completed

About Property

Experience the epitome of waterfront luxury at Canal Heights by DAMAC in the vibrant Business Bay, Dubai. This exquisite one-bedroom apartment offers a harmonious blend of elegance and modern living, providing an unparalleled lifestyle for discerning individuals and savvy investors. Step into a world of sophistication where floor-to-ceiling windows frame breathtaking views of the canal and the dynamic cityscape, allowing natural light to flood the living spaces. The apartment boasts smart home technology and premium finishes, ensuring a seamless and contemporary living experience. The open-plan design is complemented by high-end interiors, creating an atmosphere of refined comfort and style. The modern designer kitchen is equipped with top-quality appliances, perfect for culinary enthusiasts. Canal Heights offers exclusive amenities designed to elevate your lifestyle. Residents can enjoy the refreshing infinity pool, a state-of-the-art fitness center, and a luxurious wellness spa, providing ample opportunities for relaxation and rejuvenation. The dedicated 24/7 concierge service ensures personalized attention and convenience, while the security and intercom systems provide peace of mind. Located in a prestigious area close to Business Bay and Downtown Dubai, Canal Heights offers unparalleled access to the city's finest dining, entertainment, and shopping destinations. The private balcony provides a serene retreat, perfect for enjoying picturesque views. This property is not just a home; it's a prime investment opportunity in one of Dubai's most sought-after locations, promising high returns and a premium lifestyle. Don't miss the chance to own a piece of Dubai's future. Contact us today to schedule a viewing and discover the unparalleled luxury of Canal Heights.

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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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