Canal Crown

Canal Crown de GRISOGONO is an elite residential cluster consisting of two towers with space-themed facades adorned with crowns, apartments with balcony views, and ultra-premium duplexes with terraces and pools. The project's sleek architectural lines, reminiscent of a precious peridot, perfectly complement the abundance of water-based entertainment at the podium level and in the relaxation lounge.

The apartments and penthouses, ranging from studios to spacious four-bedroom duplexes, will be handed over to buyers in the second quarter of 2027. Each residence in the towers, created in partnership between the developer and the prestigious jewelry brand GRISOGONO, will be meticulously designed by top designers in the emirate. Residents will enjoy a futuristic design with finishes of stone, marble, and luxurious wood, European sanitaryware, and a fully equipped kitchen.

Damac is preparing a wide range of entertainment options for residents, from classic UAE luxury amenities such as rooftop infinity pools with panoramic views of Dubai to a unique cosmic planet garden unlike anything on Earth. For relaxation and rejuvenation, residents can take advantage of relaxation capsules or spas styled in the aesthetics of interstellar travel. On the lower floors, there will be shops, fine dining restaurants, classic F&B outlets, and representations of premium and luxury brands.

Location of Canal Crown: A quiet coastal area in the heart of the business district

Dubai's master plan for the coming years designates Business Bay as one of the two key economic centers of the emirate. Positioned on the canal coast and practically at the heart of the business community, Canal Crown provides residents with convenient infrastructure for business and comfortable family living.

Within 5-7 minutes of the residential complex, there are excellent private schools such as Safa British and Al Ittihad. The renowned Emirates Hospital is also within 5 minutes, with Medcare Al Safa slightly further away. Dubai International Airport is a 20-minute drive, while the new Al Maktoum Terminal can be reached within half an hour.

Just a few minutes' leisurely walk towards Burj Khalifa and Dubai Mall, residents can access the metro, where high-speed trains with smart air conditioning for a comfortable microclimate operate in various directions at any time.

Real estate in a developed community that annually attracts millions of people for leisure and business purposes is in high demand among tenants.

Profit prospects from purchasing property in the Canal Crown complex

Investing in real estate in Canal Crown, whether it be a cozy studio or a luxurious two-level penthouse, can strengthen a portfolio. Based on data on per square meter prices in similar projects of the same class and location, there are grounds to believe that property prices can increase by 75% or more even before the completion of the project. Buying off-plan to sell at a higher price after a few years is an excellent strategy for preserving and growing capital.

Apartments in Canal Crown can also be a profitable asset when rented out on a short-term or long-term basis. The property management company will take care of the organizational aspects, allowing the owner to have peace of mind. Based on data from similar properties in 2021-2022, the rental yield for studios can reach an impressive 10%. As the area continues to develop and the infrastructure improves, it is possible that the rental market will adjust towards increasing rents, resulting in higher profits for landlords.