Off-plan
·
Available
Canal Quarter, Tower B
Business Bay
Bedrooms
2
Bathrooms
2
Internal area
Rate
Completion
Q2 2028
The property
Tower B is the second of three towers on the Canal Quarter plot, and the only one with its podium already topped out. This is a two-bedroom on the eleventh floor, canal-facing, with a 9 m² balcony running the width of the living room.
The payment plan is the reason to look: 20% takes the unit off the market, 40% spreads across four certified construction stages, and the balance is due only at handover in Q2 2028.
How the purchase runs
Reservation — AED 490,000 (20%) into the project escrow account, unit taken off the market
Sale and purchase agreement — signed within 14 days, payment plan and completion quarter written into it
Construction instalments — 4 × 10% against certified progress, invoiced quarterly
Handover — 40% on completion in Q2 2028, snagging list agreed before keys
Units & prices
One-bedroom Type A
From
Two-bedroom Type A
From
Three-bedroom Type B
From
Amenities
Canal-facing balcony
Two-level residents' gym
25 m lap pool
Concierge, 24 hour
One basement parking bay
Podium retail below
Registered particulars
Tenure
Freehold, registered with the Dubai Land Department
Service charge
AED 19 per m² per year, billed quarterly
Registration
4% DLD transfer fee + AED 4,200 registration
Buyer protection
Instalments paid into the project's DLD-supervised escrow account
Things worth asking
| Stage | Due | Share | Amount | Paid to date |
|---|---|---|---|---|
| Reservation | Q3 2026 | 20% | AED 490,000 | AED 490,000 |
| Instalment 1 | Q1 2027 | 10% | AED 245,000 | AED 735,000 |
| Instalment 2 | Q3 2027 | 10% | AED 245,000 | AED 980,000 |
| Instalment 3 | Q4 2027 | 10% | AED 245,000 | AED 1,225,000 |
| Instalment 4 | Q2 2028 | 10% | AED 245,000 | AED 1,470,000 |
| On handover | Q2 2028 | 40% | AED 980,000 | AED 2,450,000 |
