Luxury Canal Residences

Key facts

Handover

Q1 2028

Status

Under construction

Construction progress

18%

Property types

Apartments

Availability

Available

How Luxury Canal Residences compares

Entry here is AED 2.8M, against a median of AED 2.5M across the 67 priced projects in Dubai Islands, which puts it above 44 of them and below 22. The plan opens at 20% down, against a Dubai median of 20%, in line with the market. Handover lands in Q1 2028, alongside 80 other projects completing in the same quarter. Prestige One Developments has 13 projects in our catalogue, 3 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

• Bbq Terrace
• Outdoor Cinema
• Walk Path
• Water Garden & Splash Adventure Zone
• Prestige Spa
• Infinity Pool
• Sun Deck
• Prestige Wellness Area
• Library Lounge
• Miniature Golf Course
• Sport Courts
• Jacuzzi
• Children'S Adventure Park & Play Room
• Prestige Clubhouse
• Outdoor Gym & Fitness Center

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 published payment plan is 20% on booking, 45% during construction and 35% at handover. At the AED 2,824,000 entry price, that is AED 565,000 to reserve a unit, AED 1,271,000 across the build, and AED 988,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 113,000 at this entry price. Under Dubai's Law 8 of 2007, that 20% booking payment goes into a RERA-supervised escrow account rather than to Prestige One Developments directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 1,200 square feet at AED 2,824,000, which works out at AED 2,353 per square foot. Stated sizes run from 1,200 to 2,047 square feet.

Handover and construction

The published handover date is Q1 2028. Construction was last recorded at 18% complete.

Ownership and residency

The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

Who it suits

The development is Apartments in 2 to 3 bedroom layouts. Every layout is 2 bedrooms or more and the site has children's facilities, which is family stock rather than investor stock.

What is on site

Shared facilities recorded for Luxury Canal Residences include bbq terrace, outdoor cinema, walk path, water garden & splash adventure zone, prestige spa, infinity pool, sun deck and prestige wellness area. 7 further facilities are listed in the full spec. The development is 6 units in total. 6 floor plans are published for it.

Frequently asked