Canal Front Residences

This ready 3-bedroom apartment at Canal Front Residences by Meydan offers 1,859 sq ft on the Dubai Water Canal in Al Wasl, priced from AED 6,000,000 (about AED 3,228 per sq ft).

Canal Front Residences is a Meydan community of 11 low-rise buildings along the Dubai Water Canal near Safa Park, with more than 700 apartments of 1 to 3 bedrooms set among parks and green spaces; phase one went on sale in October 2021. The Dubai Land Department registers the buildings in groups (for example Canal Front Residences CF1 & CF2, project 2315; CF3 & CF4, project 2333; and CF7, CF8 & CF9, project 2363), all by Meydan Group and all shown as finished. Apartments have floor-to-ceiling windows, private balconies and an en-suite bathroom for every bedroom, and residents have gyms, pools, multipurpose areas, children's play areas and direct access to the canal cycling track.

Safa Park, City Walk and Downtown Dubai are a short drive away, with the canal promenade on the doorstep.

The 3-bedroom layout suits families who want space and the canal cycling track on their doorstep.

How does the price compare with Al Wasl? Registered sales in Al Wasl had a median of AED 3,326 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 731 sales). At about AED 3,228 per sq ft, this unit is in line with that median.

What rental yield can investors expect in Al Wasl? The median annual rent was AED 170,000, a gross yield of about 3.9% over the same period (Dubai Land Department, 1,378 Ejari contracts in Al Wasl). Actual returns depend on the unit, floor and current market conditions.

Is Canal Front Residences ready to move in? Yes. The Dubai Land Department lists the registered building groups as finished. Contact Platinum Square for current availability and viewings.