
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Canal Front Residences 3&4 launch basis | 3,700 | AED 3.33M | Current launch / asking basis |
| Al Wasl ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Al Wasl premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |














Canal Front Residences 3&4 official render 1

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Astraterra Properties
Download official marketing materials from Meydan Group.
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Al Wasl
Canal Front Residences 3&4 by Meydan Group
Located in Al Wasl
Starting from AED 3,330,000
Unit mix includes 2 BR, 3 BR, Apartments
Expected handover: Dec 2024
Official brochure and PDF marketing materials available
Official render/gallery images available
Ready-to-move units · Direct from owner · Verified by Astraterra
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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