Canal Front Residences 1

P1 — Delivered Off-Plan Primary
Developer Meydan Developments L.L.C
Community Al Wasl
Property type Apartment
Data updated Mar 10, 2026

Canal Front Residences 1 is a Delivered development by Meydan Developments L.L.C in Al Wasl. 54 units across 2 Bedroom (82%), 3 Bedroom (18%). Over the trailing 12 months, 88 sales at a median of AED 4,600,000.

Key Metrics
Median Price
Value
AED 4,600,000
Change
4.0% YoY
Transactions
Value
88
Change
7 in period
Price / sqft
Value
AED 3,283
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 4,600,000
↑ 4.0% YoY
Transactions
88
↑ 7 in period
Price / sqft
AED 3,283
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
32.2%
Community avg
Holding Period
Value
0.9 yrs
Community avg
Liquidity
Value
13.0%
Ready Market Mix
Value
0.0%
Rental Activity
Value
46.3%
Capital Return
32.2%
Community avg
Holding Period
0.9 yrs
Community avg
Liquidity
13.0%
Ready Market Mix
0.0%
Rental Activity
46.3%

Rental Performance

Rental Volume
Value
49
Avg Annual Rent
Value
AED 270,220
New Leases
Value
69.4%
Renewals
Value
30.6%
Rental Volume
49
Avg Annual Rent
AED 270,220
New Leases
69.4%
Renewals
30.6%

Unit Mix

By bedroom type
2 Bedroom 44 units · 82%
3 Bedroom 10 units · 18%

Transaction Breakdown

All time — 88 transactions
Off-Plan Primary
54
Off-Plan Secondary
15
Ready Secondary
19

Price History

Median Price — Canal Front Residences 1

Median prices in Canal Front Residences 1 have risen sharply, up 68% from AED 3.6M to AED 6.1M over the past 6 months.

Recent Transactions

Showing last 10 of 88
Date Type Price (AED) Size (sqft) AED/sqft
Mar 10, 2026 RP Secondary 7,350,000 1,763 4,168
Mar 09, 2026 RP Secondary 4,900,000 1,340 3,656
Dec 08, 2025 RP Secondary 4,800,000 1,437 3,338
Sep 30, 2025 RP Secondary 3,975,000 1,343 2,958
Aug 12, 2025 RP Secondary 3,750,000 1,373 2,729
Jul 09, 2025 RP Secondary 4,600,000 1,401 3,283
May 22, 2025 RP Secondary 3,650,000 1,413 2,582
Apr 07, 2025 RP Secondary 4,500,000 1,413 3,183
Feb 24, 2025 RP Secondary 7,600,000 1,852 4,102
Jan 31, 2025 RP Secondary 4,150,000 1,378 3,009

This project is in Al Wasl

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