Canal Front Residences 5

P1 — Delivered Off-Plan Primary
Developer Meydan Developments L.L.C
Community Al Wasl
Property type Apartment
Data updated Apr 02, 2026

Canal Front Residences 5 is a Delivered development by Meydan Developments L.L.C in Al Wasl. 78 units across 2 Bedroom (67%), 1 Bedroom (20%), 3 Bedroom (13%). Over the trailing 12 months, 125 sales at a median of AED 4,900,000.

Key Metrics
Median Price
Value
AED 4,900,000
Change
8.3% YoY
Transactions
Value
125
Change
15 in period
Price / sqft
Value
AED 3,080
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 4,900,000
↑ 8.3% YoY
Transactions
125
↑ 15 in period
Price / sqft
AED 3,080
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
32.2%
Community avg
Holding Period
Value
0.9 yrs
Community avg
Liquidity
Value
9.2%
Ready Market Mix
Value
0.0%
Rental Activity
Value
12.2%
Capital Return
32.2%
Community avg
Holding Period
0.9 yrs
Community avg
Liquidity
9.2%
Ready Market Mix
0.0%
Rental Activity
12.2%

Rental Performance

Rental Volume
Value
31
Avg Annual Rent
Value
AED 172,876
New Leases
Value
83.9%
Renewals
Value
16.1%
Rental Volume
31
Avg Annual Rent
AED 172,876
New Leases
83.9%
Renewals
16.1%

Unit Mix

By bedroom type
1 Bedroom 16 units · 20%
2 Bedroom 52 units · 67%
3 Bedroom 10 units · 13%

Transaction Breakdown

All time — 125 transactions
Off-Plan Primary
78
Off-Plan Secondary
26
Ready Secondary
21

Price History

Median Price — Canal Front Residences 5

Median prices in Canal Front Residences 5 have declined significantly, down 44% to AED 3.0M over the past 8 months.

Recent Transactions

Showing last 10 of 125
Date Type Price (AED) Size (sqft) AED/sqft
Apr 02, 2026 RP Secondary 3,000,000 974 3,079
Mar 10, 2026 RP Secondary 5,150,000 1,954 2,635
Feb 18, 2026 RP Secondary 4,700,000 1,516 3,098
Feb 18, 2026 RP Secondary 4,700,000 1,516 3,098
Feb 11, 2026 RP Secondary 5,425,000 1,603 3,382
Oct 06, 2025 RP Secondary 5,000,000 1,516 3,296
Jul 23, 2025 RP Secondary 6,050,000 1,933 3,129
Jun 18, 2025 RP Secondary 4,450,000 1,516 2,934
Jun 17, 2025 RP Secondary 5,400,000 1,932 2,794
May 26, 2025 RP Secondary 5,350,000 1,981 2,699

This project is in Al Wasl

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