Apartment for Sale in Business Bay by Damac

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Off Plan

1 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 luxury living in this exquisite 1-bedroom apartment located in the vibrant Business Bay, Dubai. This stunning residence offers breathtaking views of the canal and the iconic Dubai skyline, providing an unparalleled living experience. The apartment boasts floor-to-ceiling windows that flood the space with natural light, creating a bright and airy ambiance. Step onto your spacious balcony and immerse yourself in the stunning surroundings, perfect for relaxation and entertainment. The interior is meticulously designed with smart home technology, ensuring modern convenience and seamless control over your living environment. The high-end kitchen is equipped with premium appliances and sleek finishes, catering to the needs of culinary enthusiasts. This property presents an exceptional investment opportunity in a prestigious Dubai location. Residents can enjoy a range of world-class amenities, including a state-of-the-art gym and an infinity pool, perfect for maintaining an active and healthy lifestyle. The prime waterfront location provides easy access to a variety of dining, shopping, and entertainment options, ensuring a lifestyle of convenience and luxury. The apartment also features covered parking with secure entry, providing peace of mind and added convenience. The high rental yield potential makes this property an attractive option for investors seeking strong returns. The elegant finishes in the luxury bathroom add a touch of sophistication and style. This apartment is more than just a home; it's a statement of refined living in one of Dubai's most sought-after locations. With its panoramic views, smart home features, and premium amenities, this property offers an unparalleled lifestyle. Don't miss the opportunity to own a piece of Dubai's thriving real estate market. This property is ideal for those seeking a blend of luxury, convenience, and investment potential. The strategic location in Business Bay ensures easy access to key business districts, leisure destinations, and transportation links, making it a highly desirable address. This apartment is a perfect choice for individuals, couples, or investors looking for a premium property in Dubai.

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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
$540,000.00Onwards