Dubai Water Canal property prices: price per sq ft and sales in 2026
Property prices in Dubai Water Canal stand at a median AED 33,886 per m² (AED 3,148 per sq ft) over the last 12 months, based on the 591 residential sales registered with the Dubai Land Department between October 16, 2025 and October 16, 2026. That is an increase of 2.9% on the previous 12 months. Sales reached AED 4.1 billion.
- AED 33,886median price per m²
- AED 3,148median price per sq ft
- 591sales in 12 months
- +2.9%change year on year
- 83.1%off-plan share of sales
With a price per m² 82.7% above the Dubai median (AED 18,545/m²), Dubai Water Canal sits among the emirate's most sought-after addresses (#17 of 154 by price per m²). 83.1% of sales are off-plan: the area is driven by developer launches.
Apartment and villa prices in Dubai Water Canal
Median sale price and median size by unit type and bedrooms, DLD sales over the last 12 months.
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 70 | AED 1,309,500 | 37 m² |
| Apartment · 1 bedroom | 220 | AED 2,302,500 | 71 m² |
| Apartment · 2 bedrooms | 166 | AED 4,286,630 | 142 m² |
| Apartment · 3 bedrooms | 107 | AED 11,010,874 | 223 m² |
| Apartment · 4 bedrooms | 17 | AED 31,500,000 | 496 m² |
| Apartment · 5+ bedrooms | 11 | AED 49,000,000 | 966 m² |
Price per m² range in Dubai Water Canal
Half of the sales over the last 12 months closed between AED 30,419 and AED 40,652 per m² (AED 2,826 to 3,777 per sq ft). The spread reflects floor, view, building age and finish level: these are the points that drive the price.
Dubai Water Canal price trend since 2021
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2021 | 13 | AED 51,666 | AED 4,800 | — |
| 2022 | 1,183 | AED 22,642 | AED 2,104 | -56.2% |
| 2023 | 380 | AED 27,049 | AED 2,513 | +19.5% |
| 2024 | 383 | AED 29,873 | AED 2,775 | +10.4% |
| 2025 | 1,059 | AED 33,675 | AED 3,129 | +12.7% |
| 2026 (to mid-October) | 421 | AED 33,981 | AED 3,157 | +0.9% |
Rents and rental yield in Dubai Water Canal
Median annual rent of Ejari contracts started over the last 12 months. Indicative gross yield: 1 bedroom 6.6%, 2 bedrooms 4.9%, 3 bedrooms 3.2%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 1 bedroom | 66 | AED 151,000 | 140,000 – 178,497 | AED 155,000 |
| Apartment · 2 bedrooms | 215 | AED 211,585 | 200,000 – 240,000 | AED 220,000 |
| Apartment · 3 bedrooms | 37 | AED 350,000 | 269,093 – 737,500 | AED 320,000 |
Most traded projects in Dubai Water Canal
| Project (DLD name) | Sales 12 months | Median / m² | Off-plan sales |
|---|---|---|---|
| DAMAC City 2 | 281 | AED 32,458 | 100% |
| Eden House The Park | 106 | AED 43,306 | 100% |
| DAMAC City | 51 | AED 24,028 | 100% |
| Canal Front Residences-CF5&CF6 | 26 | AED 32,473 | 0% |
| Eden House The Canal | 23 | AED 54,557 | 21.7% |
| Canal Front Residences-CF7 & CF8 & CF9 | 21 | AED 31,881 | 0% |
| Canal Front Residences-CF3&CF4 | 21 | AED 31,424 | 0% |
| Muraba Veil | 17 | AED 45,130 | 100% |
| Canal Front Residences CF1 & CF2 | 11 | AED 29,329 | 0% |
| Cavalli Couture | 7 | AED 57,108 | 100% |
| Casa Canal | 6 | AED 57,476 | 100% |
| One Canal | 5 | AED 64,142 | 100% |
| Mr. C Residences Jumeirah | 2 | AED 62,695 | 0% |
| Private Residences Dubai | 1 | AED 158,104 | 0% |
Off-plan projects in Dubai Water Canal
3 Dubai Water Canal projects have an off-plan page: developer, progress in the DLD register, prices by unit type and price list.
Getting around Dubai Water Canal
Landmarks most often recorded in the area's DLD transactions:
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Burj Khalifa
Compare with other areas
Areas with a similar price per m²:
- Zaabeel Second — AED 33,893/m² · Zaabeel Second rents
- Business Park — AED 33,854/m²
- Madinat Dubai Almelaheyah — AED 33,675/m² · Madinat Dubai Almelaheyah rents
- Al Wasl — AED 34,150/m² · Al Wasl rents
- City Walk — AED 34,340/m² · City Walk rents
- Dubai Maritime City — AED 34,403/m² · Dubai Maritime City rents
Frequently asked questions
What is the price per square foot in Dubai Water Canal?
The median is AED 3,148 per sq ft (AED 33,886 per m²), across 591 residential sales registered with the DLD from October 16, 2025 to October 16, 2026.
How much is an apartment in Dubai Water Canal?
A one-bedroom sold for a median AED 2,302,500 (71 m²) and a two-bedroom for AED 4,286,630 (142 m²) over the last 12 months, according to DLD sales.
Are prices rising in Dubai Water Canal?
The median price per m² moved +2.9% between the previous 12 months (AED 32,944/m²) and the last 12 months (AED 33,886/m²).
Off-plan or ready property in Dubai Water Canal?
83.1% of sales over the last 12 months were off-plan and 16.9% were ready homes. Off-plan gives access to developer payment plans; ready homes can be rented out straight away. A Cevitas advisor compares both on your budget.
What rental yield can you expect in Dubai Water Canal?
Dividing the median Ejari annual rent by the median DLD sale price gives an indicative gross yield of 6.6% for a 1 bedroom, 4.9% for a 2 bedrooms, 3.2% for a 3 bedrooms, before service charges and vacancy.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.