Canal Front Residences in Al Wasl - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Canal Front Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	148	29,782	4,400,000
3	162	28,574	4,625,000

Sales prices for completed properties in Canal Front Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	56	28,238	1,588,381

Rents in Canal Front Residences

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	122	1,523	185,000
2	133	1,840	244,654

The cap rate (rental yield) of investments into Canal Front Residences project is 5.9% on average.

The price of an apartment in Canal Front Residences is 28,596 AED/sqm on average.

Price for off-plan 2 bedroom apartment in Canal Front Residences is 4,400,000 AED or 29,782 AED/sqm.
Price for off-plan 3 bedroom apartment in Canal Front Residences is 4,625,000 AED or 28,574 AED/sqm.

Price for completed 1 bedroom apartment in Canal Front Residences is 1,588,381 AED or 28,238 AED/sqm.

Rent in Canal Front Residences is 28,238 AED/sqm/year on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Canal Front Residences is 185,000 AED or 1,523 AED/sqm.
Rent for 2 bedroom apartment in Canal Front Residences is 244,654 AED or 1,840 AED/sqm.

About Canal Front Residences

'Canal Front Residences' in 'Al Wasl' area project description

The Canal Front Residences project in Dubai’s Al Wasl area is a distinctive addition to the city's real estate landscape, strategically positioned alongside the Dubai Water Canal, providing unparalleled waterfront living. This premium development reflects contemporary architecture infused with cues from the region's cultural heritage, aiming to deliver an exclusive lifestyle experience.

Situated in the heart of Al Wasl, Canal Front Residences benefits from a prime location that offers easy access to some of the city's major landmarks, such as Downtown Dubai, Jumeirah Beach, and City Walk. The proximity to Sheikh Zayed Road ensures excellent connectivity, making it convenient for residents to commute to key business districts, shopping destinations, and entertainment hubs within minutes.

The residences themselves are designed to epitomize luxury and comfort, featuring a mix of two- and three-bedroom apartments. Each apartment reflects exquisite craftsmanship, with high-quality finishes, state-of-the-art amenities, and large windows that allow panoramic views of the canal and the city skyline. Spacious balconies extend the living space outdoors, offering a perfect setting for relaxation and leisure.

A standout feature of Canal Front Residences is its extensive range of lifestyle amenities. Residents can enjoy a host of facilities, including an infinity-edge swimming pool, children’s play areas, fitness centers, and beautifully landscaped gardens. The development also includes a waterfront promenade lined with retail outlets, cafes, and dining options, fostering a vibrant community atmosphere.

Security and convenience are key priorities at Canal Front Residences. The development includes secure underground parking, 24-hour security services, and advanced smart home technology, ensuring a worry-free living experience. Additionally, a dedicated concierge service is available to cater to the residents' needs, further elevating the standard of living.

The Al Wasl area itself is known for its blend of residential comfort and cultural charm. It is home to several art galleries, theatres, and cultural centers, providing residents of Canal Front Residences with a rich tapestry of lifestyle options right at their doorstep. The community-centric vibe of Al Wasl, combined with the luxury offerings of the Canal Front Residences, makes it an appealing choice for discerning homeowners seeking a blend of elegance, convenience, and vibrancy.

Overall, Canal Front Residences stands out as a premier development in Al Wasl, delivering a harmonious blend of urban sophistication and natural beauty. It is poised to be a sought-after address for those looking to experience the pinnacle of waterfront living in Dubai.

Q&A on Canal Front Residences

What are the advantages of 'Canal Front Residences' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Canal Front Residences are situated in Al Wasl, one of the most prestigious and central neighborhoods in Dubai, offering easy access to key areas of the city, including Downtown Dubai, Jumeirah Beach, and key highways.

2. Waterfront Views: Being located along the Dubai Water Canal, many units offer stunning views of the water, which is highly desirable for both residents and investors.

3. High-End Amenities: The project promises luxurious amenities such as swimming pools, fitness centers, recreational areas, and landscaped gardens, enhancing the lifestyle quality for residents.

4. Proximity to Attractions: Close to prominent landmarks such as City Walk, BoxPark, and several upscale dining and retail options, providing plenty of leisure and entertainment opportunities.

5. Investment Potential: Given its prime location and high-quality build, properties in Canal Front Residences are likely to appreciate in value over time, making it an attractive investment option.

6. Modern Design: Contemporary architecture and high-quality finishes appeal to those looking for modern and stylish living spaces.

7. Transport Links: Excellent connectivity through major roads and public transport facilities, making commutes and travel across the city convenient.

Disadvantages:

1. High Cost: Given the premium location and luxurious offerings, the initial investment required might be prohibitive for some buyers.

2. Traffic: As Al Wasl is centrally located, traffic congestion can be an issue, especially during peak hours.

3. HOA Fees: Homeowners' association fees for maintenance of amenities and common areas in such luxury developments can be quite high.

4. Construction Noise: Depending on the stage of development, there might be construction noise and dust, which could be a temporary inconvenience.

5. Competitive Market: Being in a prime area, there's stiff competition from other luxury projects, which might affect rental yields.

6. Potential for Sea Level Rise: As a waterfront property, there could be concerns related to long-term environmental impacts like rising sea levels, which might not be an immediate threat but could be a consideration for long-term investment.

7. Limited Privacy: Proximity to bustling areas might mean increased noise and limited privacy compared to more secluded residential areas.

What projects are better than 'Canal Front Residences' project in Dubai which are located close by, and why?

1. City Walk: This urban living destination offers a mix of residential, retail, dining, and entertainment. Its modern infrastructure, pedestrian-friendly layout, and close proximity to downtown Dubai make it a prime choice over Canal Front Residences. The vibrant community atmosphere and plethora of amenities cater to a cosmopolitan lifestyle.

2. Bluewaters Island: Located a short drive away, Bluewaters Island offers a unique living experience with its stunning ocean views, luxury residences, world-class retail, and dining options. The presence of the iconic Ain Dubai adds to the appeal. Compared to Canal Front Residences, it provides a more exclusive and serene environment.

3. Jumeirah Apartments: For those seeking beachfront living, Jumeirah Apartments offer direct access to pristine beaches, high-end facilities, and a tranquil ambiance. The luxury villas and apartments are known for their architectural design and spacious interiors, adding a premium touch that stands out more than Canal Front Residences.

4. Business Bay: This area boasts sleek skyscrapers, luxury hotels, and a dynamic business environment combined with residential spaces. Its connectivity to major highways and proximity to the Dubai Mall and Burj Khalifa make it a highly desirable location. Residents also enjoy waterfront living along the Dubai Canal with high-end dining and retail options similar to those intended for Canal Front Residences but on a grander scale.

5. Downtown Dubai: Known as the heart of the city, Downtown Dubai offers unparalleled access to the Burj Khalifa, Dubai Mall, and Dubai Opera. The residential projects here, such as The Residences, Emaar Boulevard, and The Address Residences, provide luxurious living spaces with spectacular city views. The vibrancy and prestige of living in this area surpass the offerings of Canal Front Residences.

6. Dubai Marina: Known for its stunning high-rises and waterfront views, Dubai Marina provides a lively urban experience with a plethora of dining, retail, and entertainment choices. Additionally, the Marina Walk, and proximity to JBR Beach, enhances the lifestyle compared to Canal Front Residences by combining luxury with leisure.

Each of these developments offers unique features and amenities that elevate the overall living experience beyond what the Canal Front Residences currently promise.

What are the closest schools to 'Canal Front Residences' project in Dubai?

- Jumeirah College: Located in Al Safa, approximately a 10-minute drive from Canal Front Residences.
- Jumeirah English Speaking School (JESS): Found in Al Safa, roughly a 12-minute drive from the Canal Front Residences.
- Horizon International School: Situated in Umm Al Sheif, around 15 minutes away by car.
- GEMS Wellington Primary School: Based in Al Satwa, about a 10-minute drive.
- The English College: Positioned in Al Safa, approximately a 10-minute drive from the residences.

These schools are all within a short driving distance, making them convenient options for families residing in Canal Front Residences.

What are the closest medical clinics to 'Canal Front Residences' project in Dubai?

- *Medcare Medical Centre Jumeirah*: Located on Jumeirah Beach Road, near the Jumeirah Beach Park.
- *Dubai London Clinic*: Situated in the Villa 279 opposite Safa Park, Al Wasl Road.
- *Al Garhoud Private Hospital Clinic*: Located on Al Wasl Road, opposite City Walk.
- *Valiant Clinic and Hospital*: In City Walk, Al Wasl.
- *Aster Clinic*: Positioned on Al Wasl Road, Al Safa 2, near Spinneys.

These clinics provide various healthcare services and are in proximity to the Canal Front Residences project in Al Wasl.