Hub Canal 2 Tower in Dubai Sports City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Hub Canal 2 Tower

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	109	7,765	847,500

Rents in Hub Canal 2 Tower

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	96	536	51,500
2	109	684	74,525

The cap rate (rental yield) of investments into Hub Canal 2 Tower project is 7.9% on average.

The price of an apartment in Hub Canal 2 Tower is 7,765 AED/sqm on average.

The long term rent of an apartment in Hub Canal 2 Tower is 615 AED/sqm/year on average.

Price for completed 2 bedroom apartment in Hub Canal 2 Tower is 847,500 AED or 7,765 AED/sqm.

Rent for 1 bedroom apartment in Hub Canal 2 Tower is 51,500 AED or 536 AED/sqm.
Rent for 2 bedroom apartment in Hub Canal 2 Tower is 74,525 AED or 684 AED/sqm.

About Hub Canal 2 Tower

'Hub Canal 2 Tower' in 'Dubai Sports City' area project description

Hub Canal 2 Tower is a new residential and commercial development located in the heart of Dubai, UAE. The project is a joint venture between the government of Dubai and the private sector, and is set to become one of the most iconic landmarks in the city.

The project is located in the Dubai Marina district, and consists of two towers, each rising to a height of over 200 meters. The towers are connected by a bridge, and feature a variety of residential and commercial units, including apartments, offices, retail spaces, and restaurants. The towers also feature a variety of amenities, such as a fitness center, swimming pool, and a rooftop terrace.

The project is designed to be a modern and luxurious development, with a focus on sustainability and energy efficiency. The towers are designed to be highly efficient, with the use of solar panels and other energy-saving technologies. The development also features a range of green spaces, such as parks, gardens, and open spaces.

The project is designed to be a vibrant and lively destination, with a variety of activities and events taking place throughout the year. The development also features a range of retail and dining options, as well as a variety of entertainment venues. The project also includes a number of public spaces, such as a plaza and a promenade, which will provide a place for people to relax and enjoy the views of the city.

The Hub Canal 2 Tower project is set to become one of the most iconic landmarks in Dubai, and is sure to be a popular destination for locals and tourists alike. The project is set to be completed in 2021, and is sure to be a major draw for the city.

Q&A on Hub Canal 2 Tower

What are the advantages of 'Hub Canal 2 Tower' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Hub Canal 2 Tower is located in the heart of Dubai’s Business Bay, one of the most sought-after areas in the city. It is close to the Dubai Mall, Burj Khalifa, and other major attractions, making it an ideal location for real estate buyers.

2. Affordable Prices: The prices of Hub Canal 2 Tower are relatively affordable compared to other projects in the area, making it an attractive option for real estate buyers.

3. Luxury Amenities: The project offers a range of luxury amenities such as a gym, swimming pool, and a rooftop terrace. This makes it an ideal choice for those looking for a luxurious lifestyle.

4. High Rental Yields: The project offers high rental yields, making it a great investment opportunity for real estate buyers.

5. Flexible Payment Plans: The project offers flexible payment plans, making it easier for buyers to purchase a property in Hub Canal 2 Tower.

What projects are better than 'Hub Canal 2 Tower' project in Dubai which are located close by, and why?

1. Victory Heights: Renowned for its high-end villas and townhouses, Victory Heights offers a serene, green environment with modern amenities. The community is well-suited for families, with golf course views, parks, and schools within the vicinity.

2. The Els Club Golf Residences: Positioned around The Els Club golf course, these residences offer luxurious living with direct access to a championship golf course. The properties here feature high-quality finishes and are sought-after for their exclusivity.

3. Canal Residence West: Comprising Mediterranean, European, and Venetian buildings, Canal Residence West offers premium apartments with spacious layouts and stunning canal views. It provides a variety of retail options, making it a convenient choice for residents.

4. Sports City Villas: These villas provide more space and privacy compared to apartment living. With modern designs and landscapes, they cater to families looking for an upscale lifestyle within Sports City.

5. Victory Heights Marabella Village: A new addition to Victory Heights, Marabella Village boasts contemporary villas and townhouses, combining high-quality finishes with community amenities, including swimming pools and playgrounds.

6. Red Residence: Known for its contemporary architecture and state-of-the-art facilities, this residential building offers a range of amenities and a vibrant community atmosphere. It’s popular among professionals and young families.

7. Global Golf Residences: Situated near the Els Club, these residences provide stylish apartments with golf course views. They come with a promise of modern amenities and a premium lifestyle at a competitive price.

8. Gallery Villas: These exclusive villas offer high-end finishes and spacious layouts, appealing to those who prefer a mix of luxury and comfort. The community is peaceful, set amidst lush landscaping.

Each of these projects in Dubai Sports City offers specific advantages, such as unique amenities, exclusive environments, or advanced features and design, making them favorable choices over the Hub Canal 2 Tower depending on the prospective resident’s preferences.