DAMAC Canal Heights 2 de GRISOGONO Dubai: Guide (2026)

DAMAC Canal Heights 2 de GRISOGONO Dubai is the second tower of the Canal Heights project in Business Bay, listed on damacproperties.com as off-plan, branded by de GRISOGONO, with a handover printed as Q3, 2027 in one block and Q3 / 2028 on the unit cards.

This guide to DAMAC Canal Heights 2 de GRISOGONO Dubai sets the developer’s page against Property Finder, two 2023 press reports and the Dubai Land Department’s pages on buying off-plan, all read on 13 November 2026. Handover, storeys, tenure and payment split differ by source, so each figure is shown with its source and none is chosen.

It adds sizes and price indications in AED and USD, the developer’s drive times, the rules on registration, escrow and fees as DLD states them, and a list of what a buyer can ask for in writing before reserving.

Overview of DAMAC Canal Heights 2 de GRISOGONO Dubai

The damacproperties.com project page describes Canal Heights 2 de GRISOGONO as a tower in Business Bay, “branded by de GRISOGONO”, offering studios, one- and two-bedroom apartments and three- and four-bedroom duplexes. These are the developer’s words, read on 13 November 2026. The same page prints a handover of Q3, 2027 in one block and Q3 / 2028 on its unit cards, and it prints no unit count, no tenure and no price in its visible text.

The page is built from stored data as well as visible text. That stored data holds a starting price and a top price as integers that look like AED multiplied by 100, a launch date of 9 March 2023, an off-plan status flag and an inventory-available flag. The integers are not printed as prices here. They are used only where a portal prints the same figure, as section 4 explains.

This guide sets the developer’s page next to Property Finder, two news reports from April 2023 and the Dubai Land Department (DLD) pages on buying off-plan. Where the sources disagree, each figure appears with its source and date and none is chosen. There is no price list by unit number, no floor plan and no payment schedule on the developer’s page, so those items appear in the written-request list in section 9.

The project is a new entry on this site. Its sibling projects carrying the same brand partner are covered in separate guides, linked in section 11. DAMAC’s Canal Heights, the first tower, is not on the developer’s current project list, and no guide to it is written here.

What each source prints about status, handover, storeys and buildings

Six sources say something about the state of the project, and they carry different dates. The developer’s page shows no date of its own, so its entries are tied to the day it was read. The press items are from April 2023, at the launch, and describe the plan then. Property Finder is a portal whose project page was read on 13 November 2026 and shows a construction-progress figure with its own update date.

The first table covers status and timing. The second covers the building itself. Neither table repairs a difference: a launch date of 9 March 2023 in the developer’s page data, 4 and 5 April 2023 in the press and 10 June 2023 as the sale start on Property Finder are three dated statements, and a buyer reading them side by side sees the same project described at different moments.

The construction-progress figure deserves a note. It is Property Finder’s, it is dated 27 December 2025, and the developer’s page prints no percentage of its own. A percentage in a portal shows where a project stood on one date; it does not state where the building stands on the day of reading. A buyer who wants a current figure can ask for the technical report that DLD’s frequently asked questions say is used to prove the percentage of completion (see section 8).

The storey count shows the clearest case. Both April 2023 reports give 45 storeys, a single listing in the data file gives 48, and the developer’s page gives none. The number of buildings differs in the same way. The press calls the project the twin of the first Canal Heights tower, Property Finder lists one building for this project, and one other listing refers to two towers.

The unit total is absent from every source read, so no total is stated in this guide and the facts file for the listing leaves it empty.

Branding appears in the same pattern. The developer prints “Branded by de GRISOGONO”. The 2023 reports describe interiors co-branded by the Swiss jeweller de GRISOGONO and inspired by blue topaz. Nothing more about the partner is stated here, and no ownership or business relationship between DAMAC and the partner is claimed, because the data file found no primary source for one.

Reading the handover date of DAMAC Canal Heights 2 de GRISOGONO Dubai: Q3 2027, Q3 2028 and the dates in between

A buyer of DAMAC Canal Heights 2 de GRISOGONO Dubai meets at least four handover statements before opening any contract, and they fall into two groups. The first group is the project as a whole. The developer’s introductory block labels “Project Handover” as Q3, 2027, and Property Finder prints an expected completion of 30 September 2027 and a delivery date of Q3 2027 in its header. Two other portals, Alkira and Oliva, are recorded in the data file as giving September 2027.

The second group is the unit. Each of the three unit cards on the developer’s page prints Q3 / 2028, and the page data behind the cards carries a delivery date of 30 July 2028. The two groups sit one year apart. The developer’s page does not say that one is a project date and the other a unit date, or that the cards are older or newer than the introductory block, so this guide does not read them that way either.

One older listing in the data file prints Q1 2027. It is a stale entry, noted in the data file as superseded, and is not used.

Some arithmetic helps place the figures. Between Q3, 2027 and Q3 / 2028 the difference is twelve months. Between the 30 September 2027 end of the third quarter and the 30 July 2028 stored date it is ten months. Between the Property Finder construction start of 11 June 2023 and the 30 September 2027 expected completion is a little over four years and three months. These are calculations from printed dates, not statements by any source about how long a building of this kind takes.

What binds a buyer is the date in the sale and purchase agreement (SPA), not a date on a web page. The SPA is the document that should state the handover date, how the date is defined (the building, the unit, the handing over of keys) and what happens if it moves. For that reason the written-request list in section 9 puts the contractual handover date among its first items, together with the unit number it applies to.

A second point concerns the construction percentage. The only figure read is Property Finder’s 22.56 percent as of 27 December 2025, almost eleven months before the reading date. Percentages and dates are different kinds of facts: a percentage describes the past, a handover date describes a plan.

Neither is a promise, and the quarter label on the developer’s page is a plan label. The sensible reading is the one the sources allow: the developer’s page names Q3, 2027 for the project and Q3 / 2028 for units, and the buyer’s own paper should name one date for the buyer’s own unit.

Prices in AED and USD: what is printed, what is inferred

The developer’s visible text prints no price. Under the unit cards and the page header the price slot reads “From Loading…”, which is a placeholder in the static page. The stored data behind the page holds a minimum price of 282,800,000 and a maximum of 1,365,600,000.

These integers look like AED multiplied by 100, and the payload’s currency field is AED. Related-project cards on the same page print their own integers with a pound sign because the page’s display preference was set to GBP when it was read.

This guide therefore follows one rule: a payload integer is never printed as a price. The starting figure below is inferred from the payload (divide by 100) and matches Property Finder, which prints a starting price of AED 2,828,000 in its FAQ and “from 2.8M AED” on its project page, read on 13 November 2026. The top figure comes from the payload alone and is shown as such.

USD figures use the pegged rate of 3.6725 per USD and are arithmetic only: AED 2,828,000 divided by 3.6725 is about USD 770,048, and AED 13,656,000 divided by 3.6725 is about USD 3,718,448. No price per square foot or per square metre is printed by any source used here, and none is calculated.

The rounded figures from Property Finder carry the rounding the portal printed, so the USD values beside them are approximate. The developer has no per-type price in its visible text, and the portal’s “from” figure for a three-bedroom apartment and for a three-bedroom duplex is the same round number, which is how it is printed.

Two older price items are left out. A different portal listing a much lower starting price is recorded in the data file as stale, and promotional offers in broker titles, such as waived registration fees, are marketing and are not reproduced. On the question of whether units are available, the developer’s page flags inventory as available while the page also prints a placeholder instead of a price.

This guide states both and calls neither available nor sold out as a fact. A buyer asks the developer in writing which unit numbers are on sale at which price on the day of reservation.

The USD column is a conversion for readers who think in dollars. The contract currency is AED, and AED is the only currency in which a payment schedule is meaningful. A buyer paying from another currency should ask what rate the bank applies on each instalment date. The AED peg itself does not change the AED price, but the rate at the buyer’s bank on the transfer day does set the cost in the buyer’s own currency.

Unit types, sizes and amenities at DAMAC Canal Heights 2 de GRISOGONO Dubai

The developer’s introductory text names “designer studios, 1-2 bedroom apartments, and 3-4 bedroom duplexes”. The page header and stored data show 1 to 3 bedrooms, and the three unit cards cover 1, 2 and 3 bedrooms. A studio card and a 4 bedroom card are absent, so the fuller mix in the text is not matched by cards. Property Finder lists apartments and duplexes and shows layout types with sizes.

The cards print “Up to” sizes only. The page data holds a project-wide range of 1,043 to 4,091 sq ft (about 97 to 380 m², calculated at 0.092903 m² per sq ft). Property Finder prints sizes per type, with layout lists. Its two-bedroom top size is 3,999 sq ft while the developer’s two-bedroom card says up to 4,091 sq ft; both are shown below and neither is chosen.

The calculated column converts the developer’s card sizes only. It is arithmetic, not a statement by DAMAC. The developer’s data also marks the units as furnished, and the page data lists a single view type in its own field. What the furnishing package contains is not stated, which is why section 9 lists the finish and furniture schedule among the items to ask for in writing.

The amenity list is short and consistent across the sources that mention it. The developer lists a pool, a beauty salon, an infinity lap pool, restaurants and a feature it calls Star Lake, described as a night-lit pool with a bioluminescent edge.

Property Finder adds a health club, gymnasium, restaurants, a shared pool and security. The 2023 press mentions an illuminated blue facade. A gym is listed by Property Finder, not by the developer, so the listing’s feature field holds only the developer’s pool and leaves out the rest.

Ten rendering images accompany the listing, taken from the developer’s gallery: tower and canal views, a terrace with a plunge pool, a lobby, a dining room, a bathroom and vanity, a beauty salon, a rooftop dining area and the Star Lake pool area. They are renderings, not photographs, and none is a floor plan.

Payment plan, tenure and fees as each source prints them

The developer’s page prints a single payment item: a headline “1%” in the block labelled Payment plan, with no schedule, no stage and no explanation. Portals print their own splits, and they do not agree with each other. The data file records a 10 percent booking, 40 percent after booking and 50 percent at handover split from one listing, and a 60 and 40 split from an older listing.

A broker title that mentions a 1 percent plan and a registration-fee waiver is marketing, and neither claim is reproduced as a term.

The table shows the splits as sources print them. It is not a menu. A payment schedule that applies to a buyer is the one written in that buyer’s SPA, against named milestones, with the escrow account named beside it.

Tenure follows the same pattern. The developer does not print freehold or leasehold on the page read. Property Finder prints “Freehold” and a government fee of 4 percent in its key information. DLD’s frequently asked questions list foreign ownership in freehold areas as one of the ownership categories in Dubai, and the difference is explained in freehold versus leasehold in Dubai. For this unit, the tenure line belongs in the SPA and in the title document, and it is a written-request item.

No service charge is printed by any source read. A service-charge estimate per sq ft and the party that sets it are requested in writing. The guide does not repeat an area average, because no primary source for one was read for this unit.

Location of DAMAC Canal Heights 2 de GRISOGONO Dubai: Business Bay and the developer’s drive times

The developer places the project in Business Bay, at the edge of the Dubai Canal, and the page data gives coordinates of 25.183751 north and 55.279772 east. The 2023 Gulf Daily News and Invest Gate reports use the same wording: the shores of the Dubai Canal in the heart of Business Bay. The developer’s FAQ names the Burj area, The Dubai Mall, Dubai Opera, City Walk, the Jumeirah district and Sheikh Zayed Road as minutes away.

The developer’s FAQ then lists drive times by category. They are the developer’s figures, printed in minutes, with no distance in kilometres, no stated time of day and no stated traffic condition. A drive of five minutes at an off-peak hour is not the same as at a rush hour, which is why the table keeps the developer’s wording and adds nothing.

The list is the developer’s and should be read as a guide to the surroundings, not as a promise of travel time. Some schools and hospitals named in it belong to areas such as Al Safa, which are not in Business Bay. A buyer who has a particular school or clinic in mind can test the route on a weekday at the relevant hour and ask the school or clinic about places, since the page says nothing about admission.

For a short list of other Business Bay projects on this site, see section 11. Wider reading on the emirate sits in the Dubai market guide and the Dubai city page, and the older guides can carry dated figures, so a buyer checks any number in them against the primary source.

Buying off-plan in Dubai: registration, escrow, fees and the Golden Visa rule

This section states what the official pages say, with the page and the date it was read (13 November 2026). It is general information about the process, and it does not claim that any rule applies in a particular way to a unit in this tower. The off-plan buyers’ guide and guide for foreign buyers cover the steps in more detail.

The first rule is where a foreigner may buy. DLD’s frequently asked questions describe ownership categories in Dubai, including foreign ownership in freehold areas, and ownership across all regions by Emirati or GCC citizens. Property Finder prints “Freehold” for the tower, and the developer’s page prints no tenure, so the title category is confirmed in the SPA and, later, in the title document.

The second rule is the project registration and the escrow account. DLD’s page on registering a project says the service lets a developer register a real estate project and open an escrow account for off-plan sales. It lists a project registration fee of AED 150,000, requires an ownership deed (preliminary sales certificates are not accepted) and a 30 percent guarantee in one of three forms.

DLD’s FAQ names Law No. 8 of 2007 on the escrow account for real estate development, says that amounts received from buyers of units sold off-plan go into the project escrow account, and describes a retention of 5 percent of the total amount paid, held for one year after completion, under Article 14 of that law.

The third rule is the fee. A DLD news item of 31 May 2021 says that a buyer pays the required 4 percent of the property’s value, set by the buyer and seller agreement, to the developer, who completes the registration. It names three channels: an approved bank cheque through Noqodi, a deposit into an approved escrow account, and ePay payment channels.

The page is dated, so a buyer checks the current fee and channel on the DLD site and asks the developer to put the amount and timing in the schedule. The DLD FAQ also names Oqood as the self-registration system used for development services such as the technical report that proves the percentage of completion. Whether and when a given sale is recorded there is a written-request item.

The fourth item is payment against construction. The sources read state no general rule tying instalments to stages in terms a buyer can quote, other than the escrow requirement and the technical report. For that reason the written-request list asks for the schedule to be tied to named milestones and to the escrow account number and name.

The fifth is the residence route. The UAE government portal lists a Golden Visa category for investors in public investments or real estate: five years for real estate, with a minimum capital of AED 2 million and property ownership as the main requirement. Whether a particular off-plan unit qualifies, whether the whole amount must be paid, and which documents the authority accepts are matters for the authority.

The guide does not say that this unit confers a visa. The developer’s own page carries a Golden Visa badge, which is marketing and is not repeated as a statement. The Golden Visa guide explains the property route in more depth.

The lowest inferred price for this tower is above AED 2,000,000 and the top inferred price is well above it. That comparison is arithmetic. It says nothing about eligibility, which rests on the authority’s conditions at the time of application.

A buyer who needs a loan can read the mortgage guide, and a buyer who wants to know about municipal or annual charges can read the property tax guide. Older guides on any site carry figures that move, so each figure is checked against the primary source on the day.

What to ask for in writing before reserving

The sources leave open the unit count, the contractual handover date, the payment schedule, the tenure, the service charge and the finish. A buyer can resolve each of them by asking in writing. The list below is the normal set of requests for an off-plan purchase and it is written for this project’s gaps.

1. The SPA draft with the unit number, floor, type, internal area in sq ft and the layout drawing for that unit.
2. The handover date written in the SPA, how it is defined, and which of Q3 2027, Q3 2028 or another date it is.
3. The payment schedule against named construction milestones, and the AED amount and date of each instalment.
4. The name and number of the project escrow account and the bank that holds it, and how each payment is to be made.
5. The DLD project number and the RERA registration for the project, as recorded for this tower rather than for Canal Heights, the first tower.
6. The title category (freehold or other) that applies to the unit, and the document that will show it.
7. The registration fee amount, who pays it, when, and through which channel, with the Oqood record or equivalent.
8. The service-charge estimate per sq ft for the first year and the body that sets and collects it.
9. What the finish and furniture package includes, as a schedule, since the page data marks units as furnished and gives no list.
10. The entity that signs the SPA, its licence and its address, and who signs for it.
11. A statement of which unit numbers are on sale today and at what price, since the page prints a placeholder instead of a price.

A buyer can also ask for the latest technical report on the percentage of completion, since the DLD FAQ names that report. The answers to these requests belong in writing, dated, and from the developer’s own office or its registered agent. Anything said by phone or by a portal is not a substitute.

DAMAC Properties (developer)

This section uses DAMAC’s own press releases, attributed, and one reference source. DAMAC Properties is a Dubai-based developer. A DAMAC release of 20 November 2024 says the company has launched more than 75 towers since its founding in 2002 and that over 47,000 homes were delivered, with more than 40,000 in planning and development.

A release of 4 September 2026 reports more than 50,000 homes handed over, 55,000 or more units and over 100 million sq ft in planning and development, USD 2.72 billion of construction contracts awarded in the first half of 2026, and 8,800 or more units targeted for delivery in 2026 across several communities.

The releases name Hussain Sajwani as founder and chairman, and Amira Sajwani and Ali Sajwani as managing directors. Wikipedia reports that the group dates itself to 1982 on some accounts, and that the company was delisted from the Dubai Financial Market in 2022; that reference was not checked against a primary filing. The company’s master communities named in its materials include DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Sun City, DAMAC Riverside and DAMAC Islands.

The releases do not cover this tower, and the figures above are company-wide. They say nothing about the handover of Canal Heights 2 de GRISOGONO. The brand partnerships DAMAC prints in its materials are Versace, Roberto Cavalli and de GRISOGONO; only the last is relevant here, and only as printed. Sources: DAMAC release, 20 Nov 2024 and DAMAC release, 4 Sep 2026. The Dubai developers directory lists the developers whose projects are on this site.

How DAMAC Canal Heights 2 de GRISOGONO Dubai sits among other DAMAC projects and nearby Business Bay listings

Other DAMAC projects with de GRISOGONO branding are separate listings on this site, and two others sit in Business Bay. The table gives each one’s area as the data file records it. The comparison is by location and brand label only. No project is described as better than another, and prices and handover dates are on each project’s own page.

Safa Two and Safa Two Tower B are two entries for the same project in the data file, and each guide links the other. Canal Heights, the first tower, is not on the developer’s current project list, and a buyer asking about it asks the developer. A table of this kind is a map of what exists on the site, and the page of each project is the place to read its sources.

Frequently asked questions

What is DAMAC Canal Heights 2 de GRISOGONO Dubai?

It is the second tower of the Canal Heights project in Business Bay, branded by de GRISOGONO as the developer prints it. It is listed as off-plan on damacproperties.com on 13 November 2026, with studios, apartments and duplexes named in the text.

When is the handover of DAMAC Canal Heights 2 de GRISOGONO Dubai?

The developer’s page prints Q3, 2027 in its intro block and Q3 / 2028 on its unit cards, with 30 July 2028 in the page data. Property Finder prints 30 September 2027. The date that applies is the one in the SPA.

What is the starting price at DAMAC Canal Heights 2 de GRISOGONO Dubai?

The page prints a placeholder instead of a price. The page data, read as AED multiplied by 100, gives AED 2,828,000, which matches Property Finder’s printed starting price. That is about USD 770,048 at the pegged rate of 3.6725.

Is the tower freehold?

The developer’s page prints no tenure. Property Finder prints Freehold. DLD lists foreign ownership in freehold areas as an ownership category. A buyer asks for the title category in the SPA.

How many floors and units does the tower have?

The April 2023 reports give 45 storeys and one listing gives 48. No source read gives a unit total. The developer’s page prints neither figure.

What payment plan applies?

The developer prints a headline of 1 percent with no schedule. Portals print different splits. A schedule is only valid when it is written into the SPA against named milestones and an escrow account.

Does buying here give a Golden Visa?

This guide does not say so. The UAE government portal lists a real estate investor category with a minimum of AED 2 million, and conditions apply. The authority decides for each application.

Where does the money go before handover?

DLD says buyer payments for off-plan units go into the project escrow account under Law No. 8 of 2007. A buyer asks for the account name and number in writing before paying.

How far is the tower from The Dubai Mall?

The developer’s FAQ gives 5 minutes, and 20 minutes to Dubai International Airport by drive. The times carry no stated hour or traffic condition.

Is the first Canal Heights tower included?

No. The developer’s page treats Canal Heights 2 as the second tower. The first tower is not on the developer’s current project list, so ask for its details separately.

Sources and last check

Last checked: 13 November 2026. Sources:

• DAMAC Properties: Canal Heights 2 de GRISOGONO project page, read 13 November 2026
• Property Finder: Canal Heights 2, read 13 November 2026
• Gulf Daily News: Damac launches 45-storey Canal Heights twin tower, 4 April 2023
• Invest Gate: DAMAC launches Canal Heights 2 on Dubai Canal, 5 April 2023
• DAMAC Properties release, 20 November 2024
• DAMAC Properties release, 4 September 2026
• Dubai Land Department: frequently asked questions
• Dubai Land Department: news, 31 May 2021
• Dubai Land Department: register project service
• UAE government portal: Golden Visa

This is not legal, tax or financial advice.