Market bulletin · Thu, 22 Oct 2026
Canal Bay: 0 sales worth AED 0 in 30 days
Canal Bay recorded 0 sales worth AED 0 in the 30 days to Thu, 22 Oct 2026. Over the last week 0 sales were registered (AED 0), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Business Bay, Canal Bay ranked #11 of 11 leading projects by 12-month sales value; it is developed by Etjar Investments. Its first registered sale was on 10 February 2025.
Leases registered in the last three months had a median annual rent of AED 130K. The best gross yield is on 2 BR apartments at about 5.5%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | AED 2,023 |
| Jan 26 | AED 2,177 |
| Dec 25 | AED 2,119 |
| Nov 25 | AED 2,064 |
| Oct 25 | AED 1,912 |
| Sept 25 | AED 2,159 |
| Aug 25 | AED 1,903 |
| Jul 25 | AED 2,133 |
| Jun 25 | AED 2,080 |
| May 25 | AED 1,793 |
| Apr 25 | AED 2,105 |
| Mar 25 | AED 2,072 |
| Feb 25 | AED 1,930 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 0 |
| Sept 26 | 0 | 0 | 2 |
| Aug 26 | 0 | 0 | 0 |
| Jul 26 | 0 | 0 | 1 |
| Jun 26 | 0 | 0 | 1 |
| May 26 | 0 | 0 | 2 |
| Apr 26 | 0 | 0 | 4 |
| Mar 26 | 0 | 0 | 1 |
| Feb 26 | 0 | 0 | 5 |
| Jan 26 | 0 | 0 | 7 |
| Dec 25 | 0 | 0 | 13 |
| Nov 25 | 0 | 0 | 5 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 0 | — | AED 0 | — | — |
| Last 3 months | 3 | down 25.0% | AED 7.75M | — | — |
| Last 6 months | 7 | down 81.6% | AED 16.7M | 1,846 | down 11.4% |
| Last 12 months | 45 | down 40.0% | AED 111M | 2,076 | up 0.5% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 45 | 100% | AED 2.36M | 2,076 | up 0.5% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 2 bedrooms | 43 | 96% | AED 2.35M | 2,064 | up 2.3% |
| 3 bedrooms | 2 | 4% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 1 | 2% | — | — | — |
| AED 2M–10M | 44 | 98% | AED 2.37M | 2,079 | unchanged 0.0% |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
- Leases (12M)
- 41
- New leases
- 100%
- Median rent 3M
- AED 130K
- Rent/sqft 3M
- AED 103
| 2 BR apartments | AED 130K / AED 2.35M | 5.5% |
|---|
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 2 BR | 29 | AED 130K | AED 130K | 111 |
Competing projects in Business Bay
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bugatti ResidencesBinghatti | 26 | 5,436 | — |
| DWTN Residences - Downtown ResidencesDeyaar Development | 294 | 2,773 | — |
| Al Habtoor TowerAl Habtoor Group | 177 | 2,661 | — |
| One by BinghattiBinghatti | 172 | 2,205 | up 2.7% |
| Tiger Sky TowerTiger Properties - Tiger Real Estate | 156 | 2,350 | — |
| Volante 2Xtreme Vision | 12 | 3,491 | — |
| Burj Binghatti by Jacob & CoBinghatti | 27 | 3,523 | — |
| Avarra - Business Bay Palace ResidencesEmaar Properties | 59 | 3,460 | — |
| One River PointEllington Properties Development | 79 | 2,714 | — |
| Bayz 102 By DanubeDanube Properties | 93 | 2,955 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.70M | 2 BR Apartment · 1,264 sqftCanal Bay · Business Bay | 29 Jul |
| AED 2.60M | 2 BR Apartment · 1,264 sqftCanal Bay · Business Bay | 17 Sept |
| AED 2.45M | 2 BR Apartment · 1,327 sqftCanal Bay · Business Bay | 17 Sept |
Questions about Canal Bay
How many properties were sold in Canal Bay in the last year?
45 sales worth AED 111M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Canal Bay?
The median annual rent on leases registered in the last three months was AED 130K, and the best gross rental yield is about 5.5%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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