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Al Wasl area in Dubai - prices, rents and cap rates
Cap rates for projects in Al Wasl area in Dubai
Data as of February 2025| Project | Sale price, AED/sqm | Rent, AED/sqm/ year | Cap rate |
|---|---|---|---|
| Canal Front Residences | 30,433 | 1,659 | 5.5% |
The cap rate (rental yield) in Al Wasl is 5.5%.
Sales prices for off-plan (pre registration and delayed sell) properties in Al Wasl
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| 1 | 82 | 32,242 | 2,650,000 |
| 2 | 144 | 30,143 | 4,353,525 |
| 3 | 267 | 41,710 | 11,153,881 |
Sales prices for completed properties in Al Wasl
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| 1 | 118 | 29,769 | 3,500,000 |
| 2 | 157 | 36,003 | 5,650,000 |
| 3 | 172 | 44,158 | 7,600,000 |
Rents in Al Wasl
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| 1 | 87 | 1,724 | 150,000 |
| 2 | 132 | 1,641 | 217,000 |
Price for off-plan 1 bedroom apartment in Al Wasl is 2,650,000 AED or 32,242 AED/sqm.
Price for off-plan 2 bedroom apartment in Al Wasl is 4,353,525 AED or 30,143 AED/sqm.
Price for off-plan 3 bedroom apartment in Al Wasl is 11,153,881 AED or 41,710 AED/sqm.
Price for completed 1 bedroom apartment in Al Wasl is 3,500,000 AED or 29,769 AED/sqm.
Price for completed 2 bedroom apartment in Al Wasl is 5,650,000 AED or 36,003 AED/sqm.
Price for completed 3 bedroom apartment in Al Wasl is 7,600,000 AED or 44,158 AED/sqm.
Rent in Al Wasl is 44,158 AED/sqm/year on average for long term rent of an apartment.
Rent for 1 bedroom apartment in Al Wasl is 150,000 AED or 1,724 AED/sqm.
Rent for 2 bedroom apartment in Al Wasl is 217,000 AED or 1,641 AED/sqm.
Residential property projects in Al Wasl
| Off-plan | Ready |
|---|---|
| Canal Front Residences (33%) Cavalli Couture (100%) Damac City (100%) One Canal (100%) | - |
Share of off-plan projects in sales in Al Wasl is 75%
Sales and rents in Al Wasl in February 2025
| Project name | Sale price, AED/sqm | Pre. reg sales | Delayed sales | Sales | Rent, AED/sqm/ year | Rent contracts |
|---|---|---|---|---|---|---|
| Canal Front Residences | 33,513 | 15 | 3 | 1,659 | 7 | |
| Damac City | 32,580 | 11 | ||||
| Cavalli Couture | 59,643 | 1 | ||||
| Aire | ||||||
| One Canal |
Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.
(x%) shows share of off-plan properties in sales in the last complete month
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