Luxury Canal Residences

Key facts

Handover

Q1 2028

Status

Under construction

Ownership

freehold

Property types

apartment, penthouse

Availability

Sold out

How Luxury Canal Residences compares

Entry here is AED 2.0M, against a median of AED 2.1M across the 143 priced projects in Dubai Islands, which puts it above 60 of them and below 82. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q1 2028, alongside 128 other projects completing in the same quarter. Prestige Harbour Real Estate has 2 projects in our catalogue, 2 of them in Dubai Islands.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Luxury Canal Residences sits in Dubai Islands.

Master plan

The developer’s own site plan for Luxury Canal Residences, showing how the buildings, roads and open space sit together.

What you pay, and when

The payment plan published at launch ran 20% on booking, 45% during construction and 35% at handover. The 45% due during construction fell in eight instalments of 5% to 10%, at 90, 180, 270, 360, 450, 540, 630 and 720 days from booking. Buying now means a resale from a private owner, on whatever terms the two sides agree.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 78,000 at this entry price. That 20% booking payment is not paid to Prestige Harbour Real Estate directly: Dubai's Law 8 of 2007 requires a registered project to hold it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 809 square feet at AED 1,954,000, which works out at AED 2,415 per square foot. Stated sizes run from 809 to 4,430 square feet.

Ownership and residency

Luxury Canal Residences is sold freehold, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price falls short of the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 2 bedroom units here start at AED 2,792,000 and clear it on their own.

Who it suits

The development is apartments and penthouses in 1 to 3 bedroom layouts. 1 bedroom units start at AED 1,954,000 and 3 bedroom units at AED 3,837,000, so one building covers a first rental purchase and a family home. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Luxury Canal Residences records the standard Dubai block of shared facilities: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 14 floor plans are published for it.

Frequently asked