by DAMAC BUSINESS REAL ESTATE CO. L.L.C·DUBAI WATER CANALResidentialFreeholdOff-plan Heavy
Development & Handover Profile
⚠️ Past Expected DateConstruction Progress10.9%
Project Start
Mar 30, 2023
Expected Handover
May 31, 2025
Official Status
ACTIVE
Total Units
95
Avg Unit Size
5707 sqft
Freehold Ratio
100%
Escrow Agent
Abu Dhabi Commercial Bank
Median Price
AED 21.91M
PSF
AED 4,519/sqft
Sales 12M
4
vs Area
+513.1%
Asset Turnover
ⓘ
4.2%
Liquidity (12M)
Physical Inventory Profile
Total Registered Units
95
Avg Unit Size
5707 sqft
3BR
60.0%4BR+
40.0%Room Configuration
| Unit Type | Count | Share |
|---|---|---|
| 3BR | 57 | 60.0% |
| 4BR+ | 38 | 40.0% |
Price & Volume Trend
Unit Liquidity Matrix
⚠️ Ghost Units DetectedCompares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.
| Unit Type | Inventory Share | Sales Share (12M) | Demand Index | Status |
|---|---|---|---|---|
| 3BR | 60.0% 57 units | 100.0% 9 sold | 1.67 | 🔥 HIGH DEMAND |
| 4BR+ | 40.0% 38 units | 0.0% 0 sold | — | 🚫 GHOST UNIT |
Investor Warning: This project contains “Ghost Units” — configurations that make up a large portion of the building but see near-zero secondary market trading. Reselling these specific unit types may take significantly longer than average.
Recent Transactions
| Date | Area | Project | Rooms | Price | PSF | Status | Ownership |
|---|---|---|---|---|---|---|---|
21 Aug 2026 | DUBAI WATER CANAL | 3BR | AED 22.23M | AED 5,364/sqft | Off-plan | Freehold | |
22 Apr 2026 | DUBAI WATER CANAL | 3BR | AED 22.44M | AED 5,305/sqft | Off-plan | Freehold | |
27 Mar 2026 Published 30 Mar 2026 | DUBAI WATER CANAL | 3BR | AED 21.79M | AED 5,098/sqft | Off-plan | Freehold | |
16 Mar 2026 | DUBAI WATER CANAL | 3BR | AED 21.02M | AED 5,092/sqft | Off-plan | Freehold | |
17 Feb 2026 | DUBAI WATER CANAL | 3BR | AED 21.06M | AED 4,991/sqft | Off-plan | Freehold | |
10 Nov 2025 | DUBAI WATER CANAL | 3BR | AED 24.90M | AED 5,480/sqft | Off-plan | Freehold | |
10 Nov 2025 | DUBAI WATER CANAL | 3BR | AED 22.32M | AED 5,453/sqft | Off-plan | Freehold | |
7 Oct 2025 | DUBAI WATER CANAL | 3BR | AED 21.14M | AED 4,546/sqft | Off-plan | Freehold | |
8 Sep 2025 | DUBAI WATER CANAL | 3BR | AED 20.01M | AED 4,826/sqft | Off-plan | Freehold | |
19 Aug 2025 | DUBAI WATER CANAL | 4BR+ | AED 36.13M | AED 4,563/sqft | Off-plan | Freehold | |
11 Jun 2025 | DUBAI WATER CANAL | 3BR | AED 19.92M | AED 5,070/sqft | Off-plan | Freehold | |
28 May 2025 | DUBAI WATER CANAL | 3BR | AED 19.87M | AED 4,722/sqft | Off-plan | Freehold | |
12 Feb 2025 | DUBAI WATER CANAL | 3BR | AED 22.06M | AED 5,541/sqft | Off-plan | Freehold | |
21 Jan 2025 | DUBAI WATER CANAL | 3BR | AED 21.71M | AED 5,265/sqft | Off-plan | Freehold | |
21 Jan 2025 | DUBAI WATER CANAL | 3BR | AED 18.50M | AED 4,611/sqft | Off-plan | Freehold | |
20 Jan 2025 | DUBAI WATER CANAL | 3BR | AED 25.00M | AED 6,320/sqft | Off-plan | Freehold | |
19 Jan 2024 | DUBAI WATER CANAL | 3BR | AED 22.40M | AED 5,402/sqft | Off-plan | Freehold | |
10 Nov 2023 | DUBAI WATER CANAL | 4BR+ | AED 25.73M | AED 4,275/sqft | Off-plan | Freehold | |
19 Oct 2023 | DUBAI WATER CANAL | 4BR+ | AED 23.48M | AED 4,486/sqft | Off-plan | Freehold | |
25 Sep 2023 | DUBAI WATER CANAL | 4BR+ | AED 60.83M | AED 5,073/sqft | Off-plan | Freehold | |
17 Jul 2023 | DUBAI WATER CANAL | 4BR+ | AED 26.59M | AED 4,417/sqft | Off-plan | Freehold | |
17 Jul 2023 | DUBAI WATER CANAL | 4BR+ | AED 25.54M | AED 4,211/sqft | Off-plan | Freehold | |
14 Jul 2023 | DUBAI WATER CANAL | 4BR+ | AED 21.94M | AED 4,216/sqft | Off-plan | Freehold | |
6 Jul 2023 | DUBAI WATER CANAL | 3BR | AED 19.18M | AED 4,628/sqft | Off-plan | Freehold | |
6 Jul 2023 | DUBAI WATER CANAL | 3BR | AED 19.57M | AED 4,800/sqft | Off-plan | Freehold | |
19 May 2023 | DUBAI WATER CANAL | 3BR | AED 17.67M | AED 4,127/sqft | Off-plan | Freehold | |
19 May 2023 | DUBAI WATER CANAL | 3BR | AED 37.20M | AED 4,025/sqft | Off-plan | Freehold | |
18 May 2023 | DUBAI WATER CANAL | 4BR+ | AED 21.38M | AED 3,903/sqft | Off-plan | Freehold | |
17 May 2023 | DUBAI WATER CANAL | 4BR+ | AED 21.63M | AED 3,961/sqft | Off-plan | Freehold | |
17 May 2023 | DUBAI WATER CANAL | 3BR | AED 18.41M | AED 4,325/sqft | Off-plan | Freehold |