Karthika Mohan
Property Advisor
Off-plan building · Prestige One
Luxury Canal Residences, Dubai Islands
Highlights
Luxury Canal Residences at a glance
About Luxury Canal Residences
Luxury Canal Residences is a residential building in Dubai Islands, Dubai, developed by Prestige One. It holds about 73 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments. Depending on the unit, windows look out over Community.
It is under construction, 29% complete, with handover planned for 2027. 5 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,001 per sq ft.
Luxury Canal Residences is an exquisite residential development located on the iconic Dubai Islands, offering a premium lifestyle in a sought-after area of Dubai. This upscale development features an exclusive collection of penthouses, sky villas, sky mansions, and sky palaces, providing the ultimate in luxury living. With spacious designs, opulent interiors, and world-class amenities, Luxury Canal Residences promises an unparalleled living experience.
Unbeatable Location on Palm Deira
Set on the renowned Dubai Islands, this prestigious development enjoys stunning views of the Arabian Gulf and Dubai’s dynamic skyline. Palm Deira’s unique location provides both a peaceful living environment and easy access to the city’s key attractions, such as Dubai Creek, Dubai International Airport, and major business districts, making it the ideal location for those who want to be close to the action yet enjoy privacy and tranquility.
Architectural Brilliance and Sophistication
Designed by Killa Design, one of the most innovative names in architecture, Luxury Canal Residences blends contemporary style with luxurious elements. The development features elegantly crafted interiors by HBA Interiors, focusing on quality and aesthetic appeal. With expansive ceiling heights ranging from 4.5 to 9 meters, the homes create an airy, open ambiance, enhancing the feeling of space and grandeur.
Spacious Residences Designed for Comfort and Elegance
The residences at Luxury Canal Residences are designed for those who seek vast, luxurious living spaces. The development offers 3-bedroom penthouses, 4-5 bedroom sky villas, 6-bedroom sky mansions, and exclusive sky palaces and palazzos, ranging in size from 4,601 sq. ft. to 30,000 sq. ft. Each residence offers ample room for customization, ensuring that every home is a perfect fit for its owner.
An Exceptional Investment Opportunity
With a project value of AED 3.12 billion ($850 million), Luxury Canal Residences represents a remarkable investment opportunity in Dubai's luxury property market. The 60/40 payment plan and handover set for Q1 2026 make it an attractive choice for investors looking to acquire property in a prime location with high potential for future returns.
Luxury Canal Residences offers a rare opportunity to live in one of Dubai’s most prestigious areas, with unmatched views, world-class facilities, and a true sense of luxury living. For those who seek the finest in residential living, this development offers a once-in-a-lifetime chance to experience waterfront elegance at its best.
In a nutshell
- A residential off-plan building
- Located in Dubai Islands, Dubai
- Developed by Prestige One
- Completed in Q4 2027
- Unit types: 1 Bed, 2 Beds, 3 Beds
- Sizes from 810 to 4,430 sq ft
- Views: Community View
- Features: Children's Play Area, Seafront, Vastu-compliant
- Palm Deira metro station 1.8 km away
- Status
- Off-plan
- Developer
- Prestige One
- Location
- Dubai Islands, Dubai
- Handover
- Q4 2027
- Construction
- 29%
- Unit types
- 1 Bed, 2 Beds, 3 Beds
- Prices from
- AED 1.5M
- Median price per sq ft
- AED 2,001
- Nearest metro
- Palm Deira, 1.8 km
Building details
Inside Luxury Canal Residences
Facilities in Luxury Canal Residences
Luxury Canal Residences lists 3 features and facilities for its residents.
- Children's Play Area
- Seafront
- Vastu-compliant
Properties in Luxury Canal Residences
1-bedroom apartments in Luxury Canal Residences
There are about 30 of these in Luxury Canal Residences, from 810 to 830 sq ft. They have recently sold for a median of AED 1.7M, or AED 2,070 per sq ft.
2-bedroom apartments in Luxury Canal Residences
There are about 32 of these in Luxury Canal Residences, from 1,200 to 1,240 sq ft. They have recently sold for a median of AED 2.4M, or AED 2,000 per sq ft.
3-bedroom apartments in Luxury Canal Residences
There are about 11 of these in Luxury Canal Residences, from 1,680 to 4,430 sq ft. None has sold recently enough to quote a price.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| 1 Bed | 30 | 810 sqft75.3 sqmt – 830 sqft77.1 sqmt | AED 1.7M | – |
| 2 Beds | 32 | 1,200 sqft111.5 sqmt – 1,240 sqft115.2 sqmt | AED 2.4M | – |
| 3 Beds | 11 | 1,680 sqft156.1 sqmt – 4,430 sqft411.6 sqmt | No recent sales | – |
Sale trends in Luxury Canal Residences
Median sale price
AED 2.2M
Median per sq ft
AED 2,001
Price ranges from the most recent registered sales, by unit type:
- 1-bedroom apartments: AED 1.5M to AED 2.0M (810 to 830 sq ft), across 10 sales
- 2-bedroom apartments: AED 2.3M to AED 3.0M (1,200 to 1,244 sq ft), across 10 sales
Recent transactions in Luxury Canal Residences
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,988,000AED 2,402 /sqftAED 25,855 /sqmt | 1,244 sqft115.6 sqmt2 Beds | Owner |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,826,000AED 2,200 /sqftAED 23,681 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,610,836AED 1,941 /sqftAED 20,893 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,328,968AED 1,941 /sqftAED 20,893 /sqmt | 1,200 sqft111.5 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,400,137AED 2,000 /sqftAED 21,528 /sqmt | 1,200 sqft111.5 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,800,000AED 2,169 /sqftAED 23,347 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,954,000AED 2,412 /sqftAED 25,963 /sqmt | 810 sqft75.3 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,430,000AED 2,025 /sqftAED 21,797 /sqmt | 1,200 sqft111.5 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,697,802AED 2,096 /sqftAED 22,561 /sqmt | 810 sqft75.3 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,490,000AED 2,002 /sqftAED 21,549 /sqmt | 1,244 sqft115.6 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,726,500AED 2,272 /sqftAED 24,456 /sqmt | 1,200 sqft111.5 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,518,115AED 1,874 /sqftAED 20,172 /sqmt | 810 sqft75.3 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,660,656AED 2,001 /sqftAED 21,539 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,487,109AED 1,999 /sqftAED 21,517 /sqmt | 1,244 sqft115.6 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,400,998AED 2,001 /sqftAED 21,539 /sqmt | 1,200 sqft111.5 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,487,755AED 2,000 /sqftAED 21,528 /sqmt | 1,244 sqft115.6 sqmt2 Beds | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,660,656AED 2,001 /sqftAED 21,539 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 1,660,656AED 2,001 /sqftAED 21,539 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,000,000AED 2,410 /sqftAED 25,941 /sqmt | 830 sqft77.1 sqmt1 Bed | Developer |
| Luxury Canal Residences, Dubai IslandsOff-planApartment | AED 2,413,122AED 1,940 /sqftAED 20,882 /sqmt | 1,244 sqft115.6 sqmt2 Beds | Developer |
Luxury Canal Residences
Dubai Islands
AED 3M
AED 2,402 /sqftAED 25,855 /sqmt
Off-planApartment1,244 sqft115.6 sqmt2 BedsOwner7 May 2026Luxury Canal Residences
Dubai Islands
AED 1.8M
AED 2,200 /sqftAED 23,681 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper29 Jan 2026Luxury Canal Residences
Dubai Islands
AED 1.6M
AED 1,941 /sqftAED 20,893 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper17 Dec 2025Luxury Canal Residences
Dubai Islands
AED 2.3M
AED 1,941 /sqftAED 20,893 /sqmt
Off-planApartment1,200 sqft111.5 sqmt2 BedsDeveloper21 Nov 2025Luxury Canal Residences
Dubai Islands
AED 2.4M
AED 2,000 /sqftAED 21,528 /sqmt
Off-planApartment1,200 sqft111.5 sqmt2 BedsDeveloper10 Nov 2025Luxury Canal Residences
Dubai Islands
AED 1.8M
AED 2,169 /sqftAED 23,347 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper24 Oct 2025Luxury Canal Residences
Dubai Islands
AED 2M
AED 2,412 /sqftAED 25,963 /sqmt
Off-planApartment810 sqft75.3 sqmt1 BedDeveloper24 Oct 2025Luxury Canal Residences
Dubai Islands
AED 2.4M
AED 2,025 /sqftAED 21,797 /sqmt
Off-planApartment1,200 sqft111.5 sqmt2 BedsDeveloper16 Oct 2025Luxury Canal Residences
Dubai Islands
AED 1.7M
AED 2,096 /sqftAED 22,561 /sqmt
Off-planApartment810 sqft75.3 sqmt1 BedDeveloper15 Oct 2025Luxury Canal Residences
Dubai Islands
AED 2.5M
AED 2,002 /sqftAED 21,549 /sqmt
Off-planApartment1,244 sqft115.6 sqmt2 BedsDeveloper15 Oct 2025Luxury Canal Residences
Dubai Islands
AED 2.7M
AED 2,272 /sqftAED 24,456 /sqmt
Off-planApartment1,200 sqft111.5 sqmt2 BedsDeveloper15 Oct 2025Luxury Canal Residences
Dubai Islands
AED 1.5M
AED 1,874 /sqftAED 20,172 /sqmt
Off-planApartment810 sqft75.3 sqmt1 BedDeveloper11 Sept 2025Luxury Canal Residences
Dubai Islands
AED 1.7M
AED 2,001 /sqftAED 21,539 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper10 Sept 2025Luxury Canal Residences
Dubai Islands
AED 2.5M
AED 1,999 /sqftAED 21,517 /sqmt
Off-planApartment1,244 sqft115.6 sqmt2 BedsDeveloper10 Sept 2025Luxury Canal Residences
Dubai Islands
AED 2.4M
AED 2,001 /sqftAED 21,539 /sqmt
Off-planApartment1,200 sqft111.5 sqmt2 BedsDeveloper10 Sept 2025Luxury Canal Residences
Dubai Islands
AED 2.5M
AED 2,000 /sqftAED 21,528 /sqmt
Off-planApartment1,244 sqft115.6 sqmt2 BedsDeveloper10 Sept 2025Luxury Canal Residences
Dubai Islands
AED 1.7M
AED 2,001 /sqftAED 21,539 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper10 Sept 2025Luxury Canal Residences
Dubai Islands
AED 1.7M
AED 2,001 /sqftAED 21,539 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper10 Sept 2025Luxury Canal Residences
Dubai Islands
AED 2M
AED 2,410 /sqftAED 25,941 /sqmt
Off-planApartment830 sqft77.1 sqmt1 BedDeveloper4 Sept 2025Luxury Canal Residences
Dubai Islands
AED 2.4M
AED 1,940 /sqftAED 20,882 /sqmt
Off-planApartment1,244 sqft115.6 sqmt2 BedsDeveloper4 Sept 2025
Every sale in Luxury Canal ResidencesEvery rent contract in Luxury Canal Residences
Luxury Canal Residences payment plan
How the developer's price is paid, in the order each instalment falls due.
- 1.Down Payment20%
- 2.During Construction10%
- 3.During Construction5%
- 4.During Construction5%
- 5.During Construction5%
- 6.During Construction5%
- 7.During Construction5%
- 8.During Construction5%
- 9.During Construction5%
- 10.On Handover35%
Luxury Canal Residences floor plans
1 bedroom, Type 202
807 sqft75 sqmt
1 bedroom, Type 203
807 sqft75 sqmt
1 bedroom, Type 302
829 sqft77 sqmt
2 bedrooms, Type 201
1,195 sqft111 sqmt
2 bedrooms, Type 204
1,195 sqft111 sqmt
2 bedrooms, Type 205
1,249 sqft116 sqmt
3 bedrooms, Type 1001
2,002 sqft186 sqmt
3 bedrooms, Type 1003
2,034 sqft189 sqmt
3 bedrooms, Type 1004
2,024 sqft188 sqmt
3 bedrooms, Type 1101
2,045 sqft190 sqmt
3 bedrooms, Type 1103
1,927 sqft179 sqmt
3 bedrooms, Type 1104
1,916 sqft178 sqmt
3 bedrooms, Type 1201
4,424 sqft411 sqmt
3 bedrooms, Type 1201-B
4,435 sqft412 sqmt
Nearby amenities
Around Luxury Canal Residences
Transportation near Luxury Canal Residences
The nearest Dubai Metro station from Luxury Canal Residences is Palm Deira (green line, 1.8 km, about 6 min drive), then Baniyas Square (green line, 2.4 km, about 7 min drive). Stations planned on new lines nearby include Al Ghubaiba Interchange (golden line, 3.5 km, about 9 min drive) and Al Mina Street (golden line, 5.6 km, about 13 min drive). Most residents will drive or take a taxi to the metro.
- Palm DeiraGreen line · 1.8 km · about 6 min drive
- Baniyas SquareGreen line · 2.4 km · about 7 min drive
- Salah Al DinGreen line · 2.6 km · about 7 min drive
- UnionRed line · 2.7 km · about 7 min drive
- UnionGreen line · 2.7 km · about 7 min drive
- Al RasGreen line · 2.8 km · about 8 min drive
Shopping and groceries near Luxury Canal Residences
The closest is Al Nakheel Centre, 1.9 km from Luxury Canal Residences (about 6 min drive).
- Al Nakheel CentreShopping Mall · 1.9 km · about 6 min drive
- The WalkShopping Mall · 2.1 km · about 6 min drive
- West Zone / Bin Salah Building, Al Muteena, Deira, DubaiSupermarket · 2.2 km · about 6 min drive
- Al Maya / Nasser Square, Baniyas StreetSupermarket · 2.4 km · about 7 min drive
- Spinneys / Al Ghurair CenterSupermarket · 2.6 km · about 7 min drive
Restaurants and hotels near Luxury Canal Residences
The closest is Al Shamal Hotel, 1 km from Luxury Canal Residences (about 12 min walk).
- Al Shamal HotelHotel · 1 km · about 12 min walk
- Florida HotelHotel · 1.1 km · about 13 min walk
- Habtoor Grand Beach Resort & SpaHotel · 1.4 km · about 5 min drive
- Lotus Grand Hotel ApartmentsHotel · 1.4 km · about 5 min drive
- Sheraton Dubai Creek Hotel & TowersHotel · 1.6 km · about 5 min drive
Hospitals and clinics near Luxury Canal Residences
The closest is Belhoul Speciality Hospital, 1.2 km from Luxury Canal Residences (about 14 min walk).
- Belhoul Speciality HospitalHospital · 1.2 km · about 14 min walk
- Al Baraha HospitalHospital · 1.3 km · about 5 min drive
- Dubai HospitalHospital · 1.5 km · about 5 min drive
- Al Maktoum HospitalHospital · 2.3 km · about 7 min drive
- Ghodousi Medical CenterHospital · 2.4 km · about 7 min drive
Parks and leisure near Luxury Canal Residences
The closest is Creekside Park, 3 km from Luxury Canal Residences (about 8 min drive).
- Creekside ParkPark · 3 km · about 8 min drive
- Zabeel ParkPark · 5.9 km · about 14 min drive
Schools near Luxury Canal Residences
The nearest is Little Flower English School, 2.9 km away. Ratings are the KHDA's latest inspection grades.
- Little Flower English SchoolIndian · KHDA: Acceptable · 2.9 km
- Himayah Kindergarten For Education- KaramaMinistry of Education · KHDA: Good · 3.1 km
- ELITE ENGLISH SCHOOL L.L.CIndian · KHDA: Acceptable · 3.2 km
- Sabari Indian School L.L.CIndian · KHDA: Good · 3.3 km
- Himayah School For Education Boys - Diera (Abu Hail)Ministry of Education · KHDA: Acceptable · 3.6 km
- Al Ittihad Private SchoolAmerican · KHDA: Good · 3.8 km
Things to consider about Luxury Canal Residences
In its favour
- Several schools within 3 km.
Worth checking
- Few sales each year, so a resale can take longer and prices move on a handful of deals.
- The nearest running metro station is 1.8 km away, so a car helps.
- Still being built: the handover date can move, and the price is paid in stages before you get the keys.
Specialists
Brokers who know Luxury Canal Residences
These brokers handle sales and lettings in Luxury Canal Residences and can tell you what is available now.
FAQs
Luxury Canal Residences: questions answered
Buying, selling or renting in Luxury Canal Residences?
A broker who works Dubai Islands will tell you what is available and what comparable homes went for.