Area Intelligence — by Peak Trust Analytics
Dubai Water Canal
Registration area · Al Wasl
Dubai Water Canal: market intelligence
Market intelligence for the Al Wasl registration area, Dubai.
Dubai Water Canal recorded 2,854 property sales in 2025, ranking #34 of 80 Dubai areas by transaction volume. Homes trade at about AED 3,156 per square foot, up 54% over five years, with gross rental yields around 3.3%.
AED 3,156
Avg price / sqft
2025
2,854
Sales volume
#34 of 80 areas
3.3%
Gross rental yield
AED 130k/yr median
AED 3.49M
Median sale price
2025
Price & demand trend
Average price per sqft (AED) by year
Share of 662 completed-home sales in 2025 with a purchase mortgage registered against the same unit. Off-plan is excluded — it cannot carry a registered mortgage at initial sale. A floor, not an exact figure — the match relies on unit size and month, so some registrations are missed.
What homes cost here
Median price paid, by home type & size · 2025
Median sold price per home, from registered sales. Townhouses are recorded under “Villa”. “% of sales” = share of units sold.
Rental market
Ejari tenancy records for Dubai Water Canal (2025)
AED 190k
Median annual rent
per year
+36%
Rent growth (5-yr)
3.3%
Gross rental yield
2,186
Tenancy contracts
59% renewed
Most active developers in Dubai Water Canal
By recorded sales in the registration area.
Buildings & developments in Dubai Water Canal
41 projectsEvery development by home type · units · median price · build status.
| City Walk Crestlane 1 | Meraas | Apartment | Off-plan · 2029 | 202 | AED 3.34M | 3,278 | |
| City Walk Crestlane 2 | Meraas | Apartment | Off-plan · 2028 | 203 | AED 3.29M | 3,251 | |
| City Walk Crestlane 3 | Meraas | Apartment | Off-plan · 2028 | 195 | AED 3.26M | 3,248 | |
| Muraba Veil | Muraba | Apartment | Off-plan · 2028 | 135 | AED 18.37M | 3,860 | |
| Damac City 2 | Pinnacle | Apartment | Off-plan | 725 | AED 2.30M | 3,033 | |
| Amali Residences | Amali Canal | — | Under construction 0% · 2030 | 244 | — | — | |
| City Walk Crestlane 4 | Meraas | — | Under construction 0% · 2030 | 204 | AED 3.84M | 3,361 | |
| City Walk Crestlane 5 | Meraas | — | Under construction 0% · 2030 | 161 | AED 3.74M | 3,413 | |
| Verve City Walk | Meraas | Apartment | Under construction 4% · 2028 | 440 | AED 3.35M | 3,038 | |
| Eden House The Park | H&H | Apartment | Under construction 11% · 2027 | 466 | AED 7.39M | 4,066 | |
| Mr.c Residences Downtown | Alta | Apartment | Under construction 50% · 2027 | 169 | AED 10.71M | 3,982 | |
| Casa Ahs | Ahs Canal Three | Apartment | Under construction 2% · 2027 | 33 | AED 35.59M | 4,614 | |
| Central Park Plaza | Meraas | Apartment | Under construction 44% · 2026 | 212 | AED 4.20M | 3,203 | |
| Damac City | J A Parks | Apartment | Under construction 38% · 2025 | 511 | AED 2.62M | 2,260 | |
| Cavalli Couture | Damac Business | Apartment | Under construction 11% · 2025 | 95 | AED 21.63M | 4,611 | |
| One Canal | A H S Canal | Apartment | Under construction 44% · 2025 | 42 | AED 27.00M | 4,359 | |
| City Walk Northline 2 | Meraas | Apartment | Under construction 5% | 192 | AED 3.14M | 2,733 | |
| City Walk Northline 1 | Meraas | Apartment | Under construction 6% | 115 | AED 2.95M | 2,676 | |
| Casa Canal | AHS Properties | Apartment | Under construction 12% | 68 | AED 28.25M | 5,063 | |
| Fern | Meraas | Apartment | Delivered · 2026 | 509 | AED 3.08M | 2,460 | |
| Erin | Meraas | Apartment | Delivered · 2026 | 460 | AED 2.86M | 2,564 | |
| Laurel | Meraas | Apartment | Delivered · 2025 | 497 | AED 2.70M | 2,304 | |
| Myrtle | Meraas | Apartment | Delivered · 2025 | 130 | AED 1.82M | 2,063 | |
| Canal Front Residences-CF7 & Cf8 & Cf9 | Meydan | Apartment | Delivered · 2024 | 374 | AED 3.53M | 2,237 | |
| Canal Front Residences-CF5&CF6 | Meydan | Apartment | Delivered · 2024 | 165 | AED 3.69M | 2,219 | |
| Celadon | Meraas | Apartment | Delivered · 2024 | 161 | AED 1.87M | 1,939 | |
| Canal Front Residences Cf1 & Cf2 | Meydan | Apartment | Delivered · 2024 | 154 | AED 2.78M | 2,030 | |
| Viridian | Meraas | Apartment | Delivered · 2024 | 130 | AED 1.56M | 1,926 | |
| Canal Front Residences-CF3&CF4 | Meydan | Apartment | Delivered · 2024 | 106 | AED 2.81M | 2,150 | |
| Central Park at City Walk -Building 1 | Meraas | Apartment | Delivered · 2022 | 184 | AED 2.51M | 1,700 |
Data computed by Peak Trust Analytics · Dubai market data powered by the Dubai Land Department (DLD) · Updated Oct 2026. Proprietary — not to be reused or redistributed without authorization. Not investment advice.
Questions & answers
Frequently Asked Questions
What is the average price per square foot in Dubai Water Canal?
- Homes in Dubai Water Canal sold at an average of AED 3,156 per square foot in 2025, based on sale transactions registered with the Dubai Land Department. That is up 54% on the 2021 average of AED 2,052, and the median sale was AED 3,490,752.
What is the average rent in Dubai Water Canal?
- The median annual rent on a home in Dubai Water Canal was AED 190,000 in 2025, across 2,186 registered tenancy contracts.
What rental yield do Dubai Water Canal properties achieve?
- Dubai Water Canal returned a gross rental yield of 3.3% in 2025. The figure is gross: service charges are not deducted.
How many homes sell in Dubai Water Canal each year?
- The Dubai Land Department registered 2,854 home sales in Dubai Water Canal in 2025, 24% more than the year before, making it the 34th most active of Dubai's 80 registration areas. Off-plan homes made up 76% of them.
How much does a one-bedroom home cost in Dubai Water Canal?
- A one-bedroom home in Dubai Water Canal had a median sale price of AED 2,611,000 in 2025, across 745 registered sales. A studio was AED 1,258,000 and a two-bedroom home AED 4,097,000.
Is Dubai Water Canal freehold or leasehold?
- Dubai Water Canal is registered as freehold with the Dubai Land Department, and 31% of its registered area is freehold title.
How much have rents risen in Dubai Water Canal?
- The median annual rent in Dubai Water Canal is 36% higher than five years ago. 59% of tenancies registered in 2025 were renewals rather than new lets.
Interested in Dubai Water Canal?
Talk to a Peak Trust advisor about buying, selling or renting in Dubai Water Canal — backed by the data above.
Dubai Water Canal: median price around AED 3.5M, 2,854 sales a year.
Advisory engagements are accepted by application.