Luxury Canal Residences

This 3-bedroom apartment at Luxury Canal Residences offers 2,009 sq ft in Dubai Islands, priced from AED 3,917,000 (about AED 1,950 per sq ft), with handover expected in Q4 2027.

Luxury Canal Residences is an off-plan residential building by Prestige One on Dubai Islands. The Dubai Land Department lists it as project 3568, registered in March 2025 to Prestige Harbour Real Estate Development L.L.C, with 73 homes: 30 one-bedroom, 32 two-bedroom and 11 three-bedroom units. Construction started in July 2025, and DLD shows the building as 28.88% complete.

Amenities listed by the developer include concierge service, gym, spa, basketball court, tennis court, swimming pool, lobby and security.

A three-bedroom suits a family that wants more space in a new island community.

Our feed lists a 65/35 payment plan. Contact us for the full payment schedule.

How does the price compare with Dubai Islands? Homes sold on Dubai Islands had a median of AED 2,809 per sq ft from 1 January to 7 October 2026 (Dubai Land Department, 3,309 sales, almost all off-plan). At about AED 1,950 per sq ft, this unit is around 31% below that median.

What rental yield can investors expect on Dubai Islands? The first completed buildings are only now being let. Ten rent contracts were registered this year at a median of AED 130,000 a year, an early gross yield of about 3.5% before service charges (Dubai Land Department). With so few contracts, treat this as an early signal rather than a market rate.

When will Luxury Canal Residences be completed? Our feed lists handover in Q4 2027.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.