Canal Front Residences 3&4 — project image
✓ 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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 143,689 / year
Cash-on-Cash
2.2%
Levered cashflow AED 33,799
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.53M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Meydan Group.

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Payment Structure

100% down payment

Published payment summary

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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

Al Wasl

Developer and Project Facts

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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Property Enquiries

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