Canal Bay

P1 — Delivered Ready Primary
Developer Etjar Investments
Community Business Bay
Property type Apartment
Data updated Mar 02, 2026

Canal Bay is a Delivered development by Etjar Investments in Business Bay. 110 units across 2 Bedroom (86%), 3 Bedroom (14%). Over the trailing 12 months, 114 sales at a median of AED 2,400,000.

Key Metrics
Median Price
Value
AED 2,400,000
Change
10.1% YoY
Transactions
Value
114
Change
88 in period
Price / sqft
Value
AED 2,081
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 2,400,000
↓ 10.1% YoY
Transactions
114
↑ 88 in period
Price / sqft
AED 2,081
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
2.8%
Community avg
Holding Period
Value
4.7 yrs
Community avg
Liquidity
Value
71.0%
Price Dispersion
Value
11.6%
Ready Market Mix
Value
100.0%
Rental Activity
Value
12.1%
Capital Return
2.8%
Community avg
Holding Period
4.7 yrs
Community avg
Liquidity
71.0%
Price Dispersion
11.6%
Ready Market Mix
100.0%
Rental Activity
12.1%

Rental Performance

Rental Volume
Value
26
Avg Annual Rent
Value
AED 151,761
New Leases
Value
100.0%
Renewals
Value
0.0%
Rental Volume
26
Avg Annual Rent
AED 151,761
New Leases
100.0%
Renewals
0.0%

Unit Mix

By bedroom type
2 Bedroom 94 units · 86%
3 Bedroom 16 units · 14%

Transaction Breakdown

All time — 114 transactions
Ready Primary
108
Ready Secondary
6

Price History

Median Price — Canal Bay

Median prices in Canal Bay have declined significantly, down 27% to AED 2.2M over the past 12 months.

Recent Transactions

Showing last 10 of 114
Date Type Price (AED) Size (sqft) AED/sqft
Mar 02, 2026 RP Primary 2,250,000 1,099 2,046
Feb 20, 2026 RP Primary 2,225,000 1,099 2,023
Feb 19, 2026 RP Primary 2,320,000 1,327 1,748
Feb 12, 2026 RP Primary 2,340,000 1,327 1,763
Feb 02, 2026 RP Primary 2,270,000 1,099 2,064
Feb 02, 2026 RP Primary 2,250,000 1,099 2,046
Feb 02, 2026 RP Primary 2,310,000 1,326 1,741
Jan 30, 2026 RP Primary 3,500,000 1,449 2,415
Jan 23, 2026 RP Primary 2,850,000 1,228 2,320
Jan 22, 2026 RP Primary 2,420,000 1,111 2,176

This project is in Business Bay

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