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Asking price against DLD sales of comparable units near Canal Front Residences
Asking prices from the catalogue; sold prices from the Dubai Land Department
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DLD-registered sales in Canal Front Residences
| Date | Building | Size | Price | AED/sq ft |
|---|---|---|---|---|
| 3 Jul 2026 | CF 1 | 1,413 sq ft | AED 3.85M | 2,725 |
| 25 May 2026 | CF 2 | 1,438 sq ft | AED 3.44M | 2,390 |
| 6 May 2026 | CF 2 | 1,213 sq ft | AED 2.45M | 2,020 |
| 10 Mar 2026 | CF 1 | 1,763 sq ft | AED 7.35M | 4,168 |
| 9 Mar 2026 | CF 1 | 1,340 sq ft | AED 4.9M | 3,656 |
| 26 Jan 2026 | CF 2 | 1,327 sq ft | AED 4.55M | 3,428 |
| 18 Dec 2025 | CF 2 | 1,591 sq ft | AED 4.15M | 2,609 |
| 8 Dec 2025 | CF 1 | 1,438 sq ft | AED 4.8M | 3,338 |
DLD sales transactions · Canal Front Residences · Sep 2025 – Jul 2026
Area trend for Al Wasl
| Nov 2025 | AED 2,983/sq ft |
|---|---|
| Dec 2025 | AED 3,175/sq ft |
| Jan 2026 | AED 3,203/sq ft |
| Feb 2026 | AED 3,364/sq ft |
| Mar 2026 | AED 3,084/sq ft |
| Apr 2026 | AED 2,989/sq ft |
| May 2026 | AED 3,118/sq ft |
| Jun 2026 | AED 3,001/sq ft |
DLD sales transactions · Al Wasl · monthly medians · Nov 2025 – Jun 2026
Al Wasl
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Open in Google MapsCanal Front Residences is a flagship waterfront development by Meydan Group, delivering 374 apartments and retail units directly on the Dubai Water Canal in the Al Wasl district. This is a fully operational, new-delivery address where waterfront lifestyle is not a marketing promise but a daily reality.
| Feature | Detail | |---|---| | Project | Canal Front Residences | | Developer | Meydan Group | | Location | Al Wasl, Dubai (Dubai Water Canal) | | Status | Ready — Completed Q1 2024 | | Total Units | 374 | | Unit Types | Studio, 1BR, 2BR, 3BR, 4BR Villa, Retail | | Views | Dubai Water Canal, Downtown Dubai, City Walk, DXB | | Payment | 10% First / 50% Construction / 40% Handover |
The Dubai Water Canal is a 3.2-kilometre man-made waterway that extends the historic Dubai Creek through Safa Park, Business Bay, and to the Arabian Gulf at Jumeirah Beach — an engineering project completed in 2016 that created a new urban waterfront corridor through one of Dubai's most established residential and retail neighbourhoods.
The canal passes through the heart of Al Wasl — a historically prestigious residential district connecting Jumeirah to Downtown Dubai — creating a waterfront address in an area that previously lacked direct water access. The canal's promenade has become one of Dubai's most popular pedestrian destinations, featuring:
For Canal Front Residences, direct frontage on this waterway means residents step out of their building onto one of Dubai's most vibrant, beautiful, and globally photographed urban waterscapes.
Canal Front Residences benefits from a multi-directional view portfolio that spans some of Dubai's most iconic vistas:
Dubai Water Canal View: The canal's rippling water, illuminated at night with coloured lighting and the reflections of surrounding towers, provides a dynamic, ever-changing waterfront outlook. This is the view that defines Canal Front Residences as fundamentally different from a standard mid-market apartment.
Downtown Dubai / Burj Khalifa: The Downtown skyline — with the Burj Khalifa rising 828 metres as its centrepiece — is visible from upper floors, providing the quintessential Dubai backdrop against which residents begin and end each day.
City Walk View: Dubai's most upscale open-air retail and dining destination, City Walk is visible and accessible from Canal Front Residences — a low-rise, European-inspired lifestyle precinct that anchors the neighbourhood's lifestyle prestige.
Dubai International Airport: The trajectory of aircraft approaching and departing DXB is visible from canal-side orientations, a view characteristic appreciated by aviation enthusiasts and those employed in the aviation sector.
Canal Front Residences' unit spectrum reflects Meydan's ambition to serve diverse buyer profiles within a single waterfront address:
Studio Apartments — Compact, canal-adjacent residences for investors and professionals seeking a premium waterfront entry. Dubai canal-view studios command rental premiums over standard mid-market equivalents.
1 & 2-Bedroom Apartments — The core product for young professionals and couples who want to live the Canal Front lifestyle.
3-Bedroom Apartments — Family-scale canal-view homes suitable for those prioritising space alongside waterfront location.
4-Bedroom Villas — The signature product: full villa configuration within a waterfront building, providing villa-scale space with the proximity to urban amenities that standalone villa communities often sacrifice. These are among the most distinctive residential products in Dubai's Al Wasl corridor.
Retail Space — Ground-floor and canal-level retail activating the building's street presence and providing resident convenience.
Al Wasl occupies a prime position within Dubai's residential geography:
| Destination | Approx. Drive Time | |---|---| | City Walk | 5 minutes walk / adjacent | | Safa Park | 5–10 minutes | | Downtown Dubai / Dubai Mall | 10–15 minutes | | DIFC | 10–15 minutes | | Jumeirah Beach | 10–15 minutes | | Dubai Marina | 20–25 minutes | | Dubai International Airport (DXB) | 15–20 minutes | | La Mer | 15–20 minutes |
The neighbourhood's centrality — between the historic Jumeirah residential corridor and Downtown Dubai's commercial and lifestyle core — creates a genuinely urban-village residential experience. Residents of Canal Front can walk to fine dining, jog along the canal promenade, cycle to Safa Park, and take a 15-minute drive to the Burj Khalifa — all without leaving a 5-kilometre radius.
The surrounding community provides additional amenity depth: Safa Park's 64-hectare green expanse with sports facilities, City Walk's restaurant and entertainment cluster, canal-level cafés and restaurants, and the full retail and dining infrastructure of Al Wasl Road.
Meydan Group is one of Dubai's most prestigious development entities, responsible for the iconic Meydan Racecourse, Meydan One project, and a portfolio of mixed-use developments that have shaped multiple Dubai neighbourhoods. Meydan's involvement in Canal Front Residences provides institutional credibility and quality assurance that boutique or less-established developers cannot match. The Q1 2024 completion confirms that the project has been fully delivered to Meydan's specification standards.
Completed and New: Delivered in Q1 2024, Canal Front Residences offers investors the dual advantage of new-build quality and immediate rental deployment — without the construction risk or waiting period of off-plan.
Canal Scarcity: The Dubai Water Canal is finite — 3.2km of frontage cannot be expanded. Properties with direct canal views command a permanent scarcity premium in the secondary market.
Rental Premium: Canal-view apartments in Al Wasl command rents 20–30% above non-waterfront equivalents in the same neighbourhood.
Neighbourhood Trajectory: Al Wasl has historically maintained premium positioning, and the canal's transformation of the area into a genuine waterfront corridor has reinforced this status. As the canal promenade matures and additional destination dining and leisure activates along its banks, the area premium is expected to strengthen.
Contact AiGents Realty for viewing appointments, current availability, and investment analysis on Canal Front Residences.
Images supplied by the developer may be renders and can differ from the finished unit. Floor plans are indicative.
Canal Front Residences by Meydan Group in Al Wasl starts from AED 2,699,900. Prices vary based on unit type, floor, and view. Contact our team for detailed pricing across all available layouts and current promotional offers.
Canal Front Residences offers a 10% First Installment payment structure. Typical plans include an initial booking deposit, installments during construction, and final payment on handover. Our consultants can explain the specific payment schedule and help you plan your investment.
Canal Front Residences is scheduled for completion in Q1 2024. The project is ready for immediate occupancy.
Canal Front Residences by Meydan Group in Al Wasl offers strong investment potential. Al Wasl is one of Dubai's sought-after locations with consistent demand from both residents and investors. The project's location, developer reputation, and payment plan make it attractive for both end-users and investors seeking rental yields or capital appreciation.
Canal Front Residences is developed by Meydan Group, an established property developer in Dubai's real estate market. All developers in Dubai are regulated by RERA to ensure buyer protection.
Canal Front Residences offers world-class amenities including Security, CCTV Cameras, Covered Parking, Landmark View, Waterfront and 1 more facilities. These amenities are designed to provide residents with a premium lifestyle experience.