New homes in Luxury Canal Residences start at AED 2,792,000; keys are due Mar 2028; you pay 20% to book, 45% while it is built and 35% at the keys.
Keys
Mar 2028
The developer's handover date
Payment plan
20 / 45 / 35
20% to book, 45% while it is built, 35% at the keys
Bedrooms
1 to 3 beds
Sizes
809 to 4,430 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 3,451 per sq ft
At the smallest size listed
RERA project
3568
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Jun 12, 2026
Completion on the register
Nov 2027
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
مصرف الامارات الاسلامي مساهمة عامة
The bank that holds your payments
Registered homes
73
In 1 buildings
Paying for it
You pay 20% when you book, 45% as the building goes up, and 35% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 558,400
Feb 2027
While it is built
9%
AED 251,280
Apr 2027
While it is built
9%
AED 251,280
Jul 2027
While it is built
9%
AED 251,280
Oct 2027
While it is built
9%
AED 251,280
Dec 2027
While it is built
9%
AED 251,280
Mar 2028
Keys
35%
AED 977,200
Booking payment, 20%
AED 558,400
Dubai Land Department fee (Oqood), 4%
AED 111,680
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 670,080
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask Prestige One for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 30 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in LUXURY CANAL RESIDENCES, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in LUXURY CANAL RESIDENCES sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 30 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in LUXURY CANAL RESIDENCES, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,096 per sq ft
AED 1,850 to AED 1,925 per sq ft
3 sales
AED 1,925 to AED 2,000 per sq ft
4 sales
AED 2,000 to AED 2,075 per sq ft
4 sales
AED 2,075 to AED 2,150 per sq ft
10 sales
AED 2,150 to AED 2,225 per sq ft
2 sales
AED 2,225 to AED 2,300 per sq ft
0 sales
AED 2,300 to AED 2,375 per sq ft
0 sales
AED 2,375 to AED 2,450 per sq ft
7 sales
AED 1,850 per sq ftAED 2,450 per sq ft
This project AED 3,451 per sq ft, above every sale
Half of the sales sold for AED 2,000 to AED 2,191 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,850 to AED 1,925 per sq ft
3
AED 1,925 to AED 2,000 per sq ft
4
AED 2,000 to AED 2,075 per sq ft
4
AED 2,075 to AED 2,150 per sq ft
10
AED 2,150 to AED 2,225 per sq ft
2
AED 2,225 to AED 2,300 per sq ft
0
AED 2,300 to AED 2,375 per sq ft
0
AED 2,375 to AED 2,450 per sq ft
7
The 3 closest sales
Picked from the 30 similar sales above, closest in size to this project's smallest home.
Oct 2025AED 1,954,000AED 2,413 per sq ftLUXURY CANAL RESIDENCES, 810 sq ft
Oct 2025AED 1,697,802AED 2,097 per sq ftLUXURY CANAL RESIDENCES, 810 sq ft
Sep 2025AED 1,518,115AED 1,875 per sq ftLUXURY CANAL RESIDENCES, 810 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Islands in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 2,792,000 here
Off-plan medianAED 2,334,000AED 2,781 per sq ft
Sales2,196
Check the from price
2-bed apartment
Off-plan medianAED 3,499,000AED 2,716 per sq ft
Sales1,972
3-bed apartment
Off-plan medianAED 5,593,000AED 2,829 per sq ft
Sales576
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
On your doorstep
Gold Souq Metro Station1.7 km, 6 min driveMetro station
Deira Islands Beach1.4 km, 5 min driveBeach
Amna Bint Wahab Secondary Girls School1.7 km, 7 min driveSchool
Queen international school4.2 km, 11 min driveBritish school
Al Ittihad Private School3.8 km, 12 min driveAmerican school
The Elite English School3.2 km, 9 min driveIndian school
Waterfront Market1.5 km, 3 min driveMall
Belhoul Speciality Hospital1.2 km, 20 min walkHospital
Dubai World Trade Centre7.6 km, 14 min driveOffices
Luxury Canal Residences is a Prestige One apartment project in Dubai Islands with 1- to 3-bedroom homes from AED 2,792,000 and handover listed for March 2028. A fifth of the price, AED 558,400 at the from price, is due on booking.
You pay 20% on booking, 45% during construction and 35% on handover. At the from price that is AED 558,400 to book, AED 1,256,400 during the build and AED 977,200 at handover. Separately, the 4% DLD fee comes to AED 111,680; ask when it is due. The listed handover is March 2028, about 16 months from now.
Homes are apartments of one to three bedrooms, from 809 to 4,430 sq ft, with balconies and floor-to-ceiling windows. Facilities sit on the ground and podium levels: an infinity pool, a spa and wellness area, a gym, sports courts, a mini golf course and an outdoor cinema. For children there is a pool, a play area and an adventure park. Owners also get a lounge, and there is a promenade along the canal, covered parking and 24-hour security.
Naif Medical Center is about 1.2 km away and Deira Islands Beach about 1.4 km. Gold Souq Metro Station is about 1.7 km away, around 6 minutes by car. Amna Bint Wahab Secondary Girls School is also about 1.7 km away. Dubai Creek Golf and Yacht Club is about 12 minutes by car and Dubai World Trade Centre about 14 minutes.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
2 BR
3 BR
How prices moved
Median price of 1-bed apartments in Dubai Islands, over the 12 months to each dateUp 27% from Dec 2024 to Sep 2026.
Dec 2024AED 2,188 per sq ft
Sep 2026AED 2,781 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 2,781 per sq ft
2,196 sales
Jun 2026
AED 2,696 per sq ft
2,435 sales
Mar 2026
AED 2,535 per sq ft
2,416 sales
Dec 2025
AED 2,416 per sq ft
1,959 sales
Sep 2025
AED 2,338 per sq ft
1,563 sales
Jun 2025
AED 2,305 per sq ft
1,308 sales
Mar 2025
AED 2,211 per sq ft
746 sales
Dec 2024
AED 2,188 per sq ft
500 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Which company builds Luxury Canal Residences?
Prestige One. The project is in Dubai Islands.
How much do I need to book?
20% of the price, which is AED 558,400 at the from price. Separately, the 4% DLD fee comes to AED 111,680; ask when it is due.
What is due after booking?
At the from price, AED 1,256,400 during construction and AED 977,200 on handover.
What can residents use here?
An infinity pool, a spa, a gym, sports courts, mini golf, an outdoor cinema, a children's pool and adventure park, an owners' lounge and a canal promenade.
Can foreigners buy here?
Yes. Luxury Canal Residences is listed as freehold, so foreign buyers can own outright.
