Canal Residence West 2 in Dubai Sports City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Canal Residence West 2

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	70	10,694	750,000
2	128	10,914	1,400,000

Rents in Canal Residence West 2

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	56	835	46,500
1	90	667	60,000
2	131	840	110,000

The cap rate (rental yield) of investments into Canal Residence West 2 project is 8.0% on average.

The price of an apartment in Canal Residence West 2 is 10,836 AED/sqm on average.

The long term rent of an apartment in Canal Residence West 2 is 808 AED/sqm/year on average.

Price for completed Studio apartment in Canal Residence West 2 is 750,000 AED or 10,694 AED/sqm.
Price for completed 2 bedroom apartment in Canal Residence West 2 is 1,400,000 AED or 10,914 AED/sqm.

Rent for Studio apartment in Canal Residence West 2 is 46,500 AED or 835 AED/sqm.
Rent for 1 bedroom apartment in Canal Residence West 2 is 60,000 AED or 667 AED/sqm.
Rent for 2 bedroom apartment in Canal Residence West 2 is 110,000 AED or 840 AED/sqm.

About Canal Residence West 2

'Canal Residence West 2' in 'Dubai Sports City' area project description

Canal Residence West 2 is a residential development located in Dubai, United Arab Emirates. It is situated on the banks of the Dubai Water Canal, offering stunning views of the canal and the city skyline. The project consists of two towers, each with its own unique design and style. The towers are connected by a podium, which houses a variety of amenities and services, including a swimming pool, a gym, a spa, and a retail area.

The Canal Residence West 2 project was developed by Dubai Properties Group, one of the leading real estate developers in the UAE. The project was designed by internationally renowned architects and designers, who have created a modern and stylish living experience for its residents. The towers feature contemporary interiors, with spacious living areas, modern kitchens, and luxurious bathrooms. The project also offers a range of amenities and services, such as a 24-hour concierge service, a business center, a children’s play area, and a rooftop terrace.

The Canal Residence West 2 project is located in the heart of Dubai, close to many of the city’s attractions and amenities. It is just a short drive away from the Dubai Mall, the Burj Khalifa, and the Dubai Marina. The area is also home to a number of international schools, hospitals, and shopping centers. Residents of the project can also enjoy easy access to the Dubai Metro, which connects them to the rest of the city.

The Canal Residence West 2 project is an ideal option for those looking for a luxurious and modern living experience in Dubai. With its stunning views, modern interiors, and range of amenities, it is the perfect place to call home.

Q&A on Canal Residence West 2

What are the advantages of 'Canal Residence West 2' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Canal Residence West 2 is located in the heart of Dubai, offering easy access to the city’s major attractions and business hubs.

2. Luxurious Amenities: The project offers a range of luxurious amenities, including a swimming pool, gym, spa, and a variety of restaurants and cafes.

3. Affordable Prices: Canal Residence West 2 offers some of the most competitive prices in the market, making it an attractive option for real estate buyers.

4. High Rental Yields: The project offers high rental yields, making it an attractive option for investors looking to generate a steady income.

5. Quality Construction: The project is built to the highest standards, ensuring that buyers get a quality product.

What projects are better than 'Canal Residence West 2' project in Dubai which are located close by, and why?

- Victory Heights: Widely considered superior due to its integration with the Els Club Golf Course, offering residents an exclusive golf lifestyle with high-end villas and landscaped parks.

- The Arena Apartments: This project is smaller but often preferred for its modern amenities and proximity to the Dubai Sports City's stadiums, providing a lively environment especially suited for sports enthusiasts.

- Bloomingdale: Offers luxurious townhouses in a quiet, gated community. Residents appreciate the upscale finishes, spacious layouts, and enhanced security features.

- Spanish Tower: Provides affordable elegance with well-designed apartments, a good choice for those looking for value without compromising on amenities essential for comfortable living.

- Elite Sports Residence: Known for its high rental yields, this series of mid-rise buildings provide excellent facilities like rooftop pools and gyms, making it ideal for investors and residents alike.

- Hamza Tower: This project stands out for its affordability combined with good-quality facilities, catering especially to young professionals and small families.

- Treppan Hotel & Suites: Ideal for those who prefer a hassle-free, hotel-style living experience, with high-quality serviced apartments and excellent concierge services.

Considerations for choosing among these include specific lifestyle preferences, budget, and required amenities.