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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 September 2024| Project | Sale price, AED/sqm | Rent, AED/sqm/ year | Cap rate |
|---|---|---|---|
| Canal Front Residences | 28,815 | 1,688 | 5.9% |
The cap rate (rental yield) in Al Wasl is 5.9%.
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 | 106 | 27,831 | 2,949,000 |
| 2 | 202 | 34,826 | 7,021,500 |
| 3 | 162 | 28,574 | 4,625,000 |
| 5 | 901 | 66,622 | 60,000,000 |
Sales prices for completed properties in Al Wasl
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| 1 | 56 | 28,238 | 1,588,381 |
Rents in Al Wasl
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| 1 | 122 | 1,523 | 185,000 |
| 2 | 133 | 1,840 | 244,654 |
Price for off-plan 1 bedroom apartment in Al Wasl is 2,949,000 AED or 27,831 AED/sqm.
Price for off-plan 2 bedroom apartment in Al Wasl is 7,021,500 AED or 34,826 AED/sqm.
Price for off-plan 3 bedroom apartment in Al Wasl is 4,625,000 AED or 28,574 AED/sqm.
Price for off-plan 5 bedroom apartment in Al Wasl is 60,000,000 AED or 66,622 AED/sqm.
Price for completed 1 bedroom apartment in Al Wasl is 1,588,381 AED or 28,238 AED/sqm.
Rent in Al Wasl is 28,238 AED/sqm/year on average for long term rent of an apartment.
Rent for 1 bedroom apartment in Al Wasl is 185,000 AED or 1,523 AED/sqm.
Rent for 2 bedroom apartment in Al Wasl is 244,654 AED or 1,840 AED/sqm.
Residential property projects in Al Wasl
| Off-plan | Ready |
|---|---|
| Canal Front Residences (73%) Damac City (100%) One Canal (100%) | - |
Share of off-plan projects in sales in Al Wasl is 82%
Sales and rents in Al Wasl in October 2024
| Project name | Sale price, AED/sqm | Pre. reg sales | Delayed sales | Sales | Rent, AED/sqm/ year | Rent contracts |
|---|---|---|---|---|---|---|
| One Canal | 66,622 | 1 | ||||
| Canal Front Residences | 28,815 | 3 | 2 | 1,688 | 4 | |
| Damac City | 34,837 | 2 | ||||
| Cavalli Couture | ||||||
| Aire |
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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