Canal Front Residences 3

P1 — Delivered Ready Secondary
Developer Meydan Developments L.L.C
Community Al Wasl
Property type Apartment
Data updated Mar 25, 2026

Canal Front Residences 3 is a Delivered development by Meydan Developments L.L.C in Al Wasl. 54 units across 2 Bedroom (87%), 3 Bedroom (13%). Over the trailing 12 months, 138 sales at a median of AED 4,294,000.

Key Metrics
Median Price
Value
AED 4,294,000
Change
41.8% YoY
Transactions
Value
138
Change
16 in period
Price / sqft
Value
AED 3,039
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 4,294,000
↑ 41.8% YoY
Transactions
138
↑ 16 in period
Price / sqft
AED 3,039
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
31.9%
Holding Period
Value
0.9 yrs
Liquidity
Value
29.6%
Ready Market Mix
Value
0.0%
Rental Activity
Value
16.7%
Capital Return
31.9%
Holding Period
0.9 yrs
Liquidity
29.6%
Ready Market Mix
0.0%
Rental Activity
16.7%

Rental Performance

Rental Volume
Value
11
Avg Annual Rent
Value
AED 158,750
New Leases
Value
100.0%
Renewals
Value
0.0%
Rental Volume
11
Avg Annual Rent
AED 158,750
New Leases
100.0%
Renewals
0.0%

Unit Mix

By bedroom type
2 Bedroom 47 units · 87%
3 Bedroom 7 units · 13%

Transaction Breakdown

All time — 138 transactions
Off-Plan Primary
54
Ready Secondary
84

Price History

Median Price — Canal Front Residences 3

Median prices in Canal Front Residences 3 have softened, declining 9% to AED 4.0M over the past 8 months.

Recent Transactions

Showing last 10 of 138
Date Type Price (AED) Size (sqft) AED/sqft
Mar 25, 2026 RP Secondary 3,950,000 1,353 2,919
Jan 21, 2026 RP Secondary 3,880,000 1,353 2,867
Dec 10, 2025 RP Secondary 4,274,000 1,431 2,985
Dec 09, 2025 RP Secondary 6,375,000 1,770 3,600
Nov 13, 2025 RP Secondary 3,970,000 1,510 2,628
Nov 06, 2025 RP Secondary 4,180,000 1,351 3,093
Oct 08, 2025 RP Secondary 1,671,661 1,343 1,244
Oct 08, 2025 RP Secondary 2,481,363 1,875 1,323
Aug 19, 2025 RP Secondary 5,000,000 2,454 2,036
Aug 13, 2025 RP Secondary 4,870,000 1,362 3,575

This project is in Al Wasl

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