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Asking price against DLD sales of comparable units near Luxury Canal Residences
Asking prices from the catalogue; sold prices from the Dubai Land Department
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DLD-registered sales in Luxury Canal Residences
| Date | Building | Size | Price | AED/sq ft |
|---|---|---|---|---|
| 8 May 2026 | LUXURY CANAL RESIDENCES | 1,244 sq ft | AED 2.99M | 2,403 |
| 30 Jan 2026 | LUXURY CANAL RESIDENCES | 830 sq ft | AED 1.83M | 2,199 |
| 17 Dec 2025 | LUXURY CANAL RESIDENCES | 830 sq ft | AED 1.61M | 1,940 |
| 21 Nov 2025 | LUXURY CANAL RESIDENCES | 1,200 sq ft | AED 2.33M | 1,940 |
| 10 Nov 2025 | LUXURY CANAL RESIDENCES | 1,200 sq ft | AED 2.4M | 2,000 |
| 27 Oct 2025 | LUXURY CANAL RESIDENCES | 830 sq ft | AED 1.8M | 2,168 |
| 24 Oct 2025 | LUXURY CANAL RESIDENCES | 810 sq ft | AED 1.95M | 2,413 |
| 16 Oct 2025 | LUXURY CANAL RESIDENCES | 1,200 sq ft | AED 2.43M | 2,024 |
DLD sales transactions · Luxury Canal Residences · Sep 2025 – May 2026
Area trend for Dubai Islands
| Dec 2025 | AED 2,642/sq ft |
|---|---|
| Jan 2026 | AED 2,698/sq ft |
| Feb 2026 | AED 2,869/sq ft |
| Mar 2026 | AED 2,783/sq ft |
| Apr 2026 | AED 3,027/sq ft |
| May 2026 | AED 3,049/sq ft |
| Jun 2026 | AED 2,932/sq ft |
| Jul 2026 | AED 2,657/sq ft |
DLD sales transactions · Dubai Islands · monthly medians · Dec 2025 – Jul 2026
Dubai Islands
| Detail | Info | |---|---| | Project | Luxury Canal Residences | | Developer | Prestige Harbour Development | | Location | Dubai Islands, Dubai | | Status | Under Construction | | Completion | Q4 2027 | | Unit Types | Studio, 1 Bedroom, 2 Bedroom | | Payment Plan | 20% Down / 40% During Construction / 40% On Handover | | Setting | Waterfront, Canal-Facing | | Amenities | Luxury Finishes, Central A/C, CCTV, Parking, Landmark View |
Luxury Canal Residences by Prestige Harbour Development is an ultra-premium waterfront residential development on Dubai Islands — positioned directly on one of the island's defining canal waterways, delivering Studios, 1-Bedroom, and 2-Bedroom apartments with landmark views, luxury and high-end finishing, central air conditioning, and comprehensive security infrastructure.
The development's name is a precise statement of intent: "Luxury Canal Residences" communicates exactly what Prestige Harbour Development has created — a building where the canal waterfront setting and luxury specification are not marketing claims but architectural realities. Every element of the building's design, from its canal-facing orientation to its landmark view positioning to its interior specification grade, is built around the premise that Dubai Islands' new waterfront deserves residential development of uncompromising quality.
Prestige Harbour Development — as the name suggests — specialises in harbour and waterfront residential development. Their commitment to the Dubai Islands market reflects a conviction that the emirate's newest coastal master plan will become one of the UAE's most sought-after addresses for waterfront living, and that Luxury Canal Residences will define the canal-facing residential standard within that aspiration.
Dubai Islands is the master plan transforming five natural islands north of Deira into Dubai's most significant waterfront expansion since Palm Jumeirah:
Dubai Islands is positioned as the successor to Palm Jumeirah's coastal prestige — a development where the combination of new beach creation, hotel anchors, and luxury residential development will create a world-class waterfront destination that establishes Dubai's next chapter in global coastal living.
Dubai Islands' internal canal network provides a secondary waterfront beyond the islands' primary beach and Gulf frontage. Canal-facing residences like Luxury Canal Residences benefit from:
Dubai Islands' connection to mainland Dubai via the Deira coastline provides access to:
| Destination | Approximate Drive Time | |---|---| | Deira City Centre | 10–15 minutes | | Dubai International Airport (DXB) | 15–20 minutes | | Downtown Dubai / Burj Khalifa | 20–25 minutes | | Dubai Mall | 20–25 minutes | | DIFC | 20–25 minutes | | Gold Souk / Spice Souk | 12–15 minutes | | Dubai Frame | 20–25 minutes | | Sharjah | 25–30 minutes |
Dubai Islands' 15–20 minute drive to DXB Airport is a meaningful lifestyle premium for frequent international travellers — one of the shortest airport commutes available from a coastal residential community in Dubai.
| Unit Type | Price From | Profile | |---|---|---| | 1 Bedroom | Mid-range | Couples, professionals, premium investors |
Luxury Canal Residences delivers the specification level appropriate for a premium waterfront address in Dubai's newest coastal master plan:
Luxury Canal Residences provides premium infrastructure:
| Milestone | Percentage | |---|---| | Down Payment | 20% | | During Construction | 40% | | On Handover (Q4 2027) | 40% |
Within Dubai Islands' master plan, canal-facing residential plots represent a specific and limited subset of the total available inventory. Luxury Canal Residences' canal frontage creates a permanent view premium that non-canal-facing buildings within the same development cannot match.
Dubai's waterfront residential markets — Palm Jumeirah, Dubai Marina, JBR — have consistently outperformed inland Dubai communities in terms of capital appreciation over 10+ year periods. Dubai Islands, as Dubai's newest coastal master plan, is expected to follow this trajectory as its hotel anchors open, beach clubs establish, and community infrastructure matures.
Canal and waterfront-facing units in Dubai Islands are positioned for premium short-term rental performance — driven by tourist and leisure traveller demand for water-view coastal accommodation. At Q4 2027 completion, Dubai Islands will be approaching its full hospitality activation, creating substantial short-term rental demand from the community's hotel guests and visitors.
Prestige Harbour Development's specialisation in harbour and waterfront residential development provides buyers with the confidence that Luxury Canal Residences has been designed by a team with specific experience in the planning, orientation, and specification requirements of premium canal-facing residential developments.
For buyers entering Dubai Islands' early investment cycle with a canal-waterfront address, luxury specification, and a specialist harbour developer's commitment to quality delivery, Luxury Canal Residences offers a premium waterfront investment ahead of the community's full maturation.
Images supplied by the developer may be renders and can differ from the finished unit. Floor plans are indicative.
Luxury Canal Residences by Prestige Harbour Development in Dubai Islands starts from AED 2,499,000. Prices vary based on unit type, floor, and view. Contact our team for detailed pricing across all available layouts and current promotional offers.
Luxury Canal Residences offers a flexible payment plan 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.
Luxury Canal Residences is scheduled for completion in Q4 2027. Construction is progressing on schedule. Buyers can track progress through regular developer updates.
Luxury Canal Residences by Prestige Harbour Development in Dubai Islands offers strong investment potential. Dubai Islands 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.
Luxury Canal Residences is developed by Prestige Harbour Development, an established property developer in Dubai's real estate market. All developers in Dubai are regulated by RERA to ensure buyer protection.
Luxury Canal Residences offers world-class amenities including Luxury and High-end Finishing, Central A/C, CCTV Cameras, Covered Parking, Landmark View and 1 more facilities. These amenities are designed to provide residents with a premium lifestyle experience.