Canal Front Residences 3&4
✓ Resale Available

Canal Front Residences 3&4

From AED 3.33M·Completed Dec 2024·100% down payment Payment
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AED 3.33M
Starting Price
Dec 2024
Handover
100% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

Canal Front Residences 3&4 is the third and fourth building of a luxury development by developer Meydan Group, represented by Refine Development Management, on Dubai Canal. The architecture of the project is characterised by elegant and contemporary design and blends harmoniously with the surrounding landscape. Both buildings include a ground floor and 4 residential floors. The complex offers 1-3 bedroom apartments with large windows and spacious balconies offering spectacular views of the canal and the city panorama. The interior is finished with premium materials in a contemporary style. Residents of Canal Front Residences 3&4 can enjoy first-class amenities such as a swimming pool with sun loungers, a state-of-the-art gym, children's playgrounds, and a cosy garden with barbecue area. The complex also has event and meeting facilities, 24-hour security and car parking. Due to its location, residents of the complex have easy access to the key attractions and entertainment of the city. For example, you can reach Burj Khalifa and Dubai Mall in just 7 minutes and Museum of The Future in 10 minutes. Mall of Emirates, Dubai Marina and JBR Beach are all within a 15-20 minute drive.

Project Specifications
DeveloperMeydan Group
LocationAl Wasl
Unit Types2 BR, 3 BR, Apartments
AreaAl Wasl
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 143,690 / year
Cash-on-Cash
1.8%
Levered cashflow AED 33,800
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 216,450 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Canal Front Residences 3&4 launch basis3,700AED 3.33MCurrent launch / asking basis
Al Wasl ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Wasl premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

Canal Front Residences 3&4 — View 2
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Canal Front Residences 3&4 official render 1

Canal Front Residences 3&4 official render 1

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Canal Front Residences 3&4 official render 9

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Canal Front Residences 3&4 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Meydan Group.

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Payment Structure

100% down payment

Flexible Payment

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Floor Plans

Canal Front Residences 3&4 — 1 Bedroom Floor Plan

Amenities & Lifestyle

Accessibility for people with disabilities
BBQ
Central A/C
Children’s pool
Concierge Service
Covered Parking
Kids Play Area
Landscaped garden
Laundry
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Walking paths

Location

Al Wasl

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al WaslAl WaslDubai, UAE

Developer Track Record

01

Canal Front Residences 3&4 by Meydan Group

02

Located in Al Wasl

03

Starting from AED 3,330,000

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2024

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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