Project
Luxury Canal Residences
Luxury Canal Residences is a 15-storey residential building under development on Dubai Islands, Deira, Dubai. An off-plan project of apartments in Dubai Islands, priced below the Dubai Islands median.
01 / Transactions
Latest Luxury Canal Residences transactions
| Property | PricePer sq ft | Specs | Recorded | Open |
|---|---|---|---|---|
| AED 2,988,000AED 2,403 per sq ft | 2 beds1,244 sq ft | 7 May 2026Sale | ||
| AED 1,826,000AED 2,199 per sq ft | 1 bed830 sq ft | 29 Jan 2026Sale | ||
| AED 1,610,836Price per sq ft n/a | 1 bedSize not recorded | 17 Dec 2025Sale | ||
| AED 2,328,967Price per sq ft n/a | 2 bedsSize not recorded | 21 Nov 2025Sale | ||
| AED 2,400,136Price per sq ft n/a | 2 bedsSize not recorded | 10 Nov 2025Sale |
50 more records
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02 / About
About Luxury Canal Residences
Luxury Canal Residences is a 15-storey residential building under development on Dubai Islands, Deira, Dubai.
Luxury Canal Residences at a glance
- Area
- Dubai Islands
- Developer
- Prestige One Luxury Real Estate through its subsidiary Prestige Harbour Real Estate Development
- Units
- The development will contain an estimated 73 units
- Unit layouts
- Luxury Canal Residences will comprise a mix of one- , two- , and three-bedroom apartments as well as two penthouses
- Architect
- The architectural consultant is National Engineering Bureau
- Contractor
- The main building work is being done by Citic Middle East Contracting and the foundation work is being carried out by Cosmos Piling
- Storeys
- 15 storeys
Homes, design and facilities
Payment plan: The project was launched with an installment plan allowing investors to pay 20% as a deposit on booking, 45% during the construction phase, and 35% upon handover of the property. Down payment 20% Construction 45% Handover 35%.
The development’s design is inspired by the water motifs of the Arabian Gulf.
The ground floor of Luxury Canal Residences includes amenities such as a service lift, concierge assistance, pick-up/drop-off zone, 24/7 security, a grand entrance lobby, water garden, lobby lounge, pedestrian paths and dedicated parking entrances.
The interior layouts feature modern finishes and open-plan designs intended to enhance a sense of calm and spaciousness.
- Amenities will include a Jacuzzi
- a badminton court
- a basketball court
- a billiards table
- a clubhouse
- a fitness centre
- a grand entrance lobby
- an infinity pool
- a kids' play area
- a library
- a lobby lounge
- a miniature golf course
- an outdoor cinema
- an outdoor gymnasium
- parks and open spaces
- separate male and female changing rooms
- a splash park
- a sundeck
- table football
- a tennis court
- a walking track
- a water feature
- and a wellness area
Getting around
- Dubai Mall
- 23 min
- Palm Jumeirah
- 34 min
- Burj Al Arab
- 33 min
- The Walk JBR
- 39 min
Travel times are approximate driving estimates reported by the source and vary with route and traffic.
Construction and handover
Construction began in 2025. The estimated handover date is Q1 2028.
- Construction Started
- 2025
- Estimated Completion
- Q1 2028
Nearby neighbourhoods
- Bur Dubai4.7 km
- Al Kifaf6.5 km
- Culture Village7.6 km
- Al Jaddaf8.4 km
Luxury Canal Residences recorded 55 market sales from 27 May 2025 – 7 May 2026, at a median price of AED 1,954,000 (AED 2,301/sqft). Luxury Canal Residences's median price per sqft (AED 2,301/sqft) is 19% below the Dubai Islands median (AED 2,844/sqft).
03 / Payment plan
Luxury Canal Residences payment plan
How the price was split between booking, construction and handover at launch.
- Down payment
- 20%
- Paid on booking
- During construction
- 45%
- Paid in instalments while it is built
- Handover
- 35%
- Paid when the keys are handed over
The launch plan as published by Propsearch. Terms can differ by unit, offer and date.
04 / Prices
Luxury Canal Residences prices by bedrooms
Median prices of market sales by number of bedrooms.
| Bedrooms | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
1 bedroom | 30 | 1.7M AED | 2,199 | |
2 bedrooms | 25 | 2.53M AED | 2,403 |
Market pulse / weekly
Luxury Canal Residences price history
Weekly median of market sales (sales, mortgages and gifts are not mixed). Periods without sales are not shown.
Median sale price · AED
Registered market sales only
View data table
| Period | Sales | Median · AED | AED / sqft |
|---|---|---|---|
| Week of 26 May 2025Total AED 8,462,000 | 4 | AED 1,954,000 | — |
| Week of 2 Jun 2025Total AED 27,824,972 | 13 | AED 2,470,000 | — |
| Week of 9 Jun 2025Total AED 5,796,954 | 3 | AED 1,650,000 | — |
| Week of 4 Aug 2025Total AED 9,065,000 | 4 | AED 2,250,000 | — |
| Week of 25 Aug 2025Total AED 23,168,390 | 11 | AED 1,950,000 | — |
| Week of 1 Sept 2025Total AED 4,413,122 | 2 | AED 2,206,561 | — |
| Week of 8 Sept 2025Total AED 13,875,943 | 7 | AED 1,660,656 | — |
| Week of 13 Oct 2025Total AED 9,344,302 | 4 | AED 2,460,000 | — |
| Week of 20 Oct 2025Total AED 1,954,000 | 1 | AED 1,954,000 | — |
| Week of 27 Oct 2025Total AED 1,800,000 | 1 | AED 1,800,000 | — |
| Week of 10 Nov 2025Total AED 2,400,136 | 1 | AED 2,400,136 | — |
| Week of 17 Nov 2025Total AED 2,328,967 | 1 | AED 2,328,967 | — |
| Week of 15 Dec 2025Total AED 1,610,836 | 1 | AED 1,610,836 | — |
| Week of 26 Jan 2026Total AED 1,826,000 | 1 | AED 1,826,000 | AED 2,199/sqft |
| Week of 4 May 2026Total AED 2,988,000 | 1 | AED 2,988,000 | AED 2,403/sqft |
05 / Nearby
Other projects in Dubai Islands
Ranked by number of market sales.
| Project | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
| 628 | 3.04M AED | 3,153 | ||
| 499 | 4.03M AED | 3,458 | ||
| 433 | 3.19M AED | 2,769 | ||
| 429 | 3.19M AED | 2,813 | ||
| 369 | 3M AED | 2,450 | ||
| 367 | 4.1M AED | 2,604 | ||
| 307 | 3.13M AED | 2,269 | ||
| 307 | 4.28M AED | 2,511 | ||
| 257 | 3.55M AED | 3,016 | ||
| 242 | 3.04M AED | 2,650 |
06 / Talk to us
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A registered project can include several buildings or phases, so these figures cover the whole project.