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ROThe Canal Crown residential complex in Dubai
The off-plan Canal Crown residential complex in Dubai is a premium-class designer apartment building located in the Business Bay area. The 38-storey building is being developed by Damac Properties and will consist of two sleekly designed towers. The complex’s design is being developed by the elite jewelry brand de Grisogono and is inspired by the extraordinary peridot gemstone found in space meteorites. The theme of precious stones and space is reflected in the luxurious interiors of the complex, which harmoniously combine elements of gray-green marble, designer planet-like chandeliers, lighting, decorative elements with smooth forms, gold-coloured details, and unique mirrors.
The lobby of the new building will feature a concierge service and cosy relaxation areas with stylish designer furniture, decorative plants, and exclusive decor.
The building will have several spacious terraces with open-air pools, green decorative gardens, relaxation areas, and other amenities. Residents of the new building will also have access to the following public spaces:
- A swimming pool with water simulators
- A UFO and space-themed spa
- A large pool with a virtual reality effect
- A landscape garden with installations in the form of planets
- A rooftop observation deck with breathtaking views of the Dubai Canal, the sea horizon, and the centre of the emirate
- Relaxation pods
- Restaurants, cafes, and retail outlets on the podium level.
Canal Crown in Business Bay, Dubai, UAE
The Canal Crown residential complex is situated in one of the vibrant central districts of Dubai, Business Bay. The development offers direct access to the promenade along the Dubai Canal and the yacht club. It is surrounded by upscale hotels and residential communities. Within a few minutes’ walk from the complex, residents can find the West Zone Fresh supermarket and several waterfront restaurants.
The residential complex provides quick access to the wide highway that runs alongside the canal, allowing for a five-minute drive to Downtown Dubai. This area is renowned for its popular attractions, including the opera house, dancing fountain, park on a small artificial island, and the iconic Burj Khalifa. Additionally, the largest shopping complex in the city, Dubai Mall, is located here, offering not only a vast array of retail outlets but also an ice skating rink, an aquarium, a multi-screen cinema, and several amusement parks.
Within a five-minute drive from the residential complex, residents can find Kids Castle Nursery. Additionally, within an eight-minute drive, one can reach the Ras Al Khor Wildlife Sanctuary, the largest natural wildlife park in the city, known for its population of flamingos. Dubai International School, an international educational institution, and Emirates Hospital Clinics, a medical facility, are both within a 10-minute drive from the complex. The beautiful sandy beach of Jumeirah is approximately 15 minutes away.
The sale of real estate in Canal Crown
The new residential complex is being built in an area where non-residents of the country are allowed to purchase properties for private ownership. Therefore, foreigners can buy properties in Canal Crown for both living and investment purposes. Foreigners who purchase apartments in the new development are eligible for a residency visa valid for either two or five years (depending on the purchase amount).
During the construction phase, apartment prices will be lower than market prices. Currently, the minimum cost of a studio apartment in the residential complex is AED 1.1 million (USD 300,000). Apartments with one and two bedrooms are sold at prices starting from AED 2 million (USD 545,000) and AED 3.4 million (USD 926,000), respectively. Specifically for investors, the developer offers the option to purchase an entire floor of the complex with an area ranging from 709 to 1,296 square metres. With such a purchase, an additional discount of 2%–3% can be obtained.
It is possible to buy property in Canal Crown through interest-free instalments. The developer offers a payment plan where 80% of the total amount is paid during the construction process, and the remaining 20% is paid after its completion. In a dedicated catalogue on the website, you can familiarize yourself with the current prices and available options for apartments in the new residential complex.
