Canal Crown 2 construction progress
Canal Crown 2 in Business Bay is 33% built at the Land Department inspection of September 2026. Developer One Quantem Real Estate Development. Completion registered for March 2027.
33%
Built, at the Land Department site inspection of 8 September 2026
Running behind its date
- Completion date (Land Department)
- March 2027
- Finish at recent pace
- August 2031
- Construction started
- August 2023
- Registered with the Land Department
- May 2023
- Developer
- One Quantem Real Estate Development
- Community
- Business Bay
- Units
- 351
- Escrow bank
- Abu Dhabi Islamic Bank
- Name in Arabic
- قنال كراون 2
- Land Department project number
- 2626
- Land Department site inspections
- 8
Schedule
Between October 2025 and September 2026 the site added about 1.1 points a month. At that rate it would finish around August 2031, more than three months after the March 2027 date registered with the Land Department.
Site inspections
8 September 2026
33%+6.4 pts
24 March 2026
26%+5.8 pts
18 October 2025
20%+5.6 pts
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15 May 2025
15%+9.0 pts
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15 November 2024
5.6%+4.0 pts
5 July 2024
1.6%+1.6 pts
20 November 2023
0%+0.0 pts
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4 April 2023
0%
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Context
Business Bay has 43 projects under construction, 35% built on average. Canal Crown 2 is behind that average.
Own a unit in Canal Crown 2?
Mulki follows this project for you: each new Land Department inspection, your payment plan, the handover date and what the unit is worth today, in one private app.
Track the handoverQuestions
- When will Canal Crown 2 be completed?
- The completion date registered with the Dubai Land Department is March 2027. At the pace of its recent inspections the site would reach 100% around August 2031. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Canal Crown 2 is built?
- 33%, measured at the Land Department site inspection on 8 September 2026. The Land Department engineers have inspected the site 8 times since April 2023.
- Is Canal Crown 2 delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of March 2027.
- Who is building Canal Crown 2?
- The registered developer is One Quantem Real Estate Development.
- Which bank holds the escrow account for Canal Crown 2?
- Abu Dhabi Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- Burj PacificNearby in Business Bay. 99%, Due January 2023, passed.
- 77sNearby in Business Bay. 14%, Due December 2028.
- West Bay TowerNearby in Business Bay. 83%, Due February 2024, passed.
- Aykon City 3Nearby in Business Bay. 31%, Due December 2027.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.