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Meydan Group · Dubai Water Canal
Canal Front Residences
Canal Front Residences is Meydan's multi-building low-rise community on the Dubai Water Canal in Al Wasl, with homes from about AED 1.6M and phases completed in 2024.
Starting price
AED 1.6M
Handover
Completed (2024)
Status
Handover soon
Payment plan
60/40
About MRKYour advisor
MRK Real Estate Brokers
MRK Real Estate Brokers was founded with a clear mission: to provide premium, transparent and results-driven real estate services across Dubai. We combine deep market expertise with genuine care for every client.
Whether you are a first-time buyer, a seasoned investor, a tenant seeking the perfect home or a landlord looking for professional property management, our dedicated team is here to deliver exceptional results.
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The projectDubai Water Canal
Canal Front Residences
Canal Front Residences is a Meydan Group community of low-rise buildings lining the Dubai Water Canal in Al Wasl and Al Safa, with one- to three-bedroom apartments delivered in numbered phases.
Starting prices were quoted between AED 1.6M and AED 2.1M across phases, on 60/40 plans with 20% at booking; later phases such as Buildings 6 and 8 were marketed separately.
Listed handover dates for the later phases fell in 2024, so the community is largely complete and trades on the secondary market.
Key facts
| Developer | Meydan Group |
| Community | Dubai Water Canal |
| Status | Handover soon |
| Handover | Completed (2024) |
| Starting price | AED 1.6M |
| Unit types | 1 Bedroom, 2 Bedroom, 3 Bedroom |
| Payment plan | 60/40 |
| Ownership | Freehold — open to all nationalities |
Why Canal Front Residences
InvestmentPricing & payment
Investment overview
Unit types
1 Bedroom · 2 Bedroom · 3 Bedroom
Payment plan
60/40 — 20% on booking, 40% during construction, 40% on handover
Worked example
On AED 1.6M
| 20% · Booking | AED 320K |
| 40% · Construction | AED 640K |
| 40% · Handover | AED 640K |
| DLD fee (4%) | AED 64K |
Units of AED 2M or more qualify for the 10-year UAE Golden Visa (subject to ICP rules).
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MRK Real Estate Brokers · RERA ORN 17024. This presentation is prepared by MRK for marketing purposes from published sources and is subject to change without notice. Images © Meydan Group; MRK watermark applied. Prices, payment plans, specifications and handover dates must be confirmed with MRK before purchase. This document does not constitute an offer or contract.