Canal Front Residences 9
✓ Resale Available

Canal Front Residences 9

From AED 5.30M·Completed Dec 2024·Developer payment plan available Payment
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AED 5.30M
Starting Price
Dec 2024
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Canal Front Residences 9 is a development by developer Meydan Group in association with Nakheel Properties, located on the banks of Dubai Canal. One of the buildings of Canal Front Residences project, which consists of 11 floors and offers 1-3 bedroom apartments with panoramic windows and glass balconies. Each flat has elegant interiors and is equipped with the latest appliances, while the residences offer breathtaking views of the canal, Burj Khalifa and the beautiful Dubai skyline. Residents of Canal Front Residences 9 can enjoy first-class amenities such as a swimming pool with sun loungers, a state-of-the-art gym, children's playgrounds, a cosy garden with barbecue facilities and sports courts. The complex also offers event and meeting facilities, 24-hour security and car parking. The complex has direct access to the seafront. The area also has a wide range of luxury five star hotels, educational institutions, renowned businesses and hospitals. The development is a 7-minute drive from the famous Burj Khalifa skyscraper and the major Dubai Mall. Dubai Festival City is a 14-minute drive away. Dubai International Airport is a 12-minute drive away, while Al-Maktoum International Airport is 35 minutes away.

Project Specifications
DeveloperNakheel Properties
LocationSafa Park
Unit Types2 BR, Apartments
AreaSafa Park
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 228,695 / year
Cash-on-Cash
1.8%
Levered cashflow AED 53,795
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 344,500 / 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 9 launch basis5,889AED 5.30MCurrent launch / asking basis
Safa Park ready-stock comps1,500AED 1.35MIndicative resale benchmark
Safa Park premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Canal Front Residences 9 official render 10

Astraterra Properties

Official Documents

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Payment Structure

Developer payment plan available

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Amenities & Lifestyle

BBQ
Covered Parking
Kids Play Area
Landscaped garden
Lift
Shared Pool
Shared gym & fitness
Sports ground

Location

Safa Park

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Safa ParkSafa ParkDubai, UAE

Developer Track Record

01

Canal Front Residences 9 by Nakheel Properties

02

Located in Safa Park

03

Starting from AED 5,300,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Dec 2024

06

Official render/gallery images available

Available for Resale

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

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