Canal Front Residences 9 — project image
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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
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 228,695 / year
Cash-on-Cash
2.2%
Levered cashflow AED 53,795
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.44M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

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

Location

Canal Front Residences 9 location map
Project location

Nearby Destinations

Safa Park

Developer and Project Facts

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

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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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