Canal Crown, Business Bay
Canal Crown is an off-plan residential tower in Business Bay, Dubai, developed by DAMAC Properties in collaboration with Swiss jewellery house de GRISOGONO, sitting directly on the Dubai Canal. It will hold studio to four-bedroom apartments, with handover targeted for Q4 2027. Royale Stays manages Business Bay-area short-term rentals from a fee starting from 15%.
Developer
DAMAC Properties
Building Type
Branded Apartments (de GRISOGONO)
Unit Mix
Studio to 4-Bedroom
Status
Under Construction (Handover Q4 2027)
About Canal Crown
Canal Crown is an off-plan residential tower in Business Bay, Dubai, developed by DAMAC Properties and branded in collaboration with the Swiss jewellery house de GRISOGONO.
DAMAC's own project page describes Canal Crown as a single tower "at the edge of Dubai Canal", offering a selection of studio, one, two, three and four-bedroom apartments across multiple layouts. A two-bedroom unit is listed from £3,500,000 on the developer's international site (roughly AED 16 to 17 million at prevailing exchange rates), on a 60/40 payment plan, with handover targeted for Q4 2027. Independent trade press (Construction Week Online and MEP Middle East) confirmed the project's launch as one of DAMAC's 2023 releases under the Canal Crown name.
Canal Crown is a single tower, not a twin-tower project: DAMAC's own FAQ describes it plainly as "an off-plan residential tower". The £3,500,000 starting price and AED conversion are single-sourced to DAMAC's own project page (GBP is the default display currency on its international site) and are not independently cross-verified against a second portal listing as of this guide's research date; treat the AED figure as approximate.
Location & Nearby Landmarks
Canal Crown sits in Business Bay at the edge of the Dubai Canal, minutes from the Burj area, The Dubai Mall, Dubai Opera, City Walk and Sheikh Zayed Road, per DAMAC's own project FAQ. The Dubai Mall, City Walk and Box Park are each about a 5-minute drive away, with Oasis Mall around 10 minutes and Mall of the Emirates around 15 minutes. Emirates Hospital and Mediclinic The Dubai Mall are both roughly 5 minutes away, and Al Ittihad School and Safa British School are each about 5 minutes away. Dubai International Airport is a 20-minute drive, and Al Maktoum International Airport will be around 35 minutes once fully operational.
Canal Crown joins Royale Stays' wider Business Bay Building Guide cluster alongside three other canal-facing towers, DAMAC Maison Canal Views, Canal Bay by NED and West Bay Tower.
Canal Crown falls within Royale Stays' wider Business Bay coverage area, detailed in Airbnb Property Management in Business Bay.
Unit Types
Canal Crown will offer studio, one, two, three and four-bedroom apartments across multiple layouts, per DAMAC's own project FAQ. A sample two-bedroom layout is listed at up to roughly 4,396 square feet on the developer's site. Interiors are described as celestial-themed, inspired by peridot gems from meteorites, consistent with the de GRISOGONO branding partnership.
Detailed floor-plan sizes beyond the sample two-bedroom figure above were not published in static form on the developer's site at research time (price and some unit data load dynamically); confirm current availability and exact unit sizes directly with DAMAC or a licensed Dubai broker.
Amenities
Planned amenities include a landscaped "Planet Garden", an aqua gym and cafe, a swimming pool, and a "Swim VR" underwater virtual-reality experience, per DAMAC's own project page.
Development Timeline & Status
Canal Crown was still under construction as of this guide's research date.
Independent trade press (Construction Week Online, 12 May 2023, and MEP Middle East) reported Canal Crown's launch as one of DAMAC's 2023 project releases in Business Bay. DAMAC's own project page lists a 60/40 payment plan and targets handover in Q4 2027. Anyone interested in the building should confirm its current construction status directly with DAMAC or a licensed Dubai broker, since these timelines can shift.
The May 2023 launch date and Q4 2027 handover target are drawn from the developer's own project page and independent trade-press launch coverage (developer identity and project name corroborated by both Construction Week Online and MEP Middle East headlines); the granular handover date, payment plan and pricing figures could not be independently cross-verified against a second portal listing this session due to access restrictions on several property portals, and should be treated as developer-published rather than independently confirmed.
Future STR Potential
Canal Crown is not yet handed over, so no unit here can be listed for short-term rental today.
Once a unit is confirmed delivered with clear title, short-term letting would follow the standard Dubai process: a DTCM holiday-home permit routed through the building's own management company. Canal Crown is a standard DAMAC apartment tower with no Vida-style short-term-letting prohibition, so this is a normal, expected path once handover completes, per Royale Stays' Holiday Home Permit guide.
Owners considering Canal Crown for future short-term rental can use the Dubai Property ROI Calculator to model potential returns for a Business Bay studio or apartment once the building is delivered.
Royale Stays manages short-term rentals across Business Bay for a fee starting from 15%, covering furnishing, photography, pricing, guest communications and maintenance. Owners can submit their property or reach out via Royale Stays' Airbnb property management service once their unit is ready.
No unit at Canal Crown currently exists, and Royale Stays has no listing or booking data for this building, since it has not yet been handed over. Nothing on this page should be read as implying a current Royale Stays client, listing or income figure at Canal Crown.
Questions