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Community in Dubai, DLD district Al Wasl

Dubai Water Canal

Dubai Water Canal is one of Dubai's priciest areas: homes sold for a median AED 3,114 per sqft over the past year, against AED 1,733 for Dubai as a whole. It is a smaller market, with 635 sales in 12 months, 81% of them off-plan. A typical 1-bedroom costs about AED 2.3M and rents for about AED 154K a year, a gross yield of about 5.5%. Prices are up 3.3% on a year earlier and up 35% over three years. 322 leases were registered with Ejari in the past year. About 466 new homes are due to finish here in the next two years.

Price per sqft, past year
AED 3,114
+3.3% on a year ago
Sales, past year
635
81% off-plan
Net yield, apartments
2.5%
3.9% gross

Prices and rents by bedrooms in Dubai Water Canal

HomeTypical priceSizeRent a yearGross yield
StudioAED 1.3M395 sqft——
1 bedroomAED 2.3M772 sqftAED 154K5.5%
2 bedroomsAED 4.15M1,508 sqftAED 215K4.6%
3 bedroomsAED 9M2,408 sqftAED 340K5.3%

Buildings with the most sales in Dubai Water Canal

  • Damac City 2AED 3,015 per sqftUnder construction, 6% built, 300 sales
  • Eden House The ParkAED 3,947 per sqftUnder construction, 64% built, 108 sales

Off-plan projects in Dubai Water Canal

  • Damac City 26% builtPinnacle Real Estate Developments
  • Eden House The Park64% builtH & H Development, due 2027-02

Sources: Dubai Land Department sales and Ejari rent records, aggregated by Dubai Data (CC BY 4.0) and DXBData.io. Not an official DLD product. Information, not financial advice.