by ALTA REAL ESTATE DEVELOPMENT L.L.C·DUBAI WATER CANALResidentialFreeholdOff-plan Heavy
Development & Handover Profile
✓ Handover CompleteConstruction Progress100.0%
Project Start
Jun 18, 2021
Expected Handover
Jan 21, 2024
Official Status
FINISHED
Total Units
27
Avg Unit Size
5008 sqft
Freehold Ratio
100%
Escrow Agent
Emirates NBD (ENBD)
Median Price
AED 21.32M
PSF
AED 5,923/sqft
Sales 12M
1
vs Area
+496.7%
Asset Turnover
ⓘ
3.7%
Liquidity (12M)
Physical Inventory Profile
Total Registered Units
27
Avg Unit Size
5008 sqft
3BR
44.4%NA
3.7%4BR+
51.9%Room Configuration
| Unit Type | Count | Share |
|---|---|---|
| 4BR+ | 14 | 51.9% |
| 3BR | 12 | 44.4% |
| NA | 1 | 3.7% |
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 |
|---|---|---|---|---|
| 4BR+ | 53.8% 14 units | 0.0% 0 sold | — | 🚫 GHOST UNIT |
| 3BR | 46.2% 12 units | 100.0% 1 sold | 2.16 | ⚠️ STAGNANT |
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 |
|---|---|---|---|---|---|---|---|
27 Nov 2025 | DUBAI WATER CANAL | 3BR | AED 24.50M | AED 5,391/sqft | Ready | Freehold | |
16 Jun 2025 | DUBAI WATER CANAL | 4BR+ | AED 18.00M | AED 4,777/sqft | Ready | Freehold | |
10 Feb 2025 | DUBAI WATER CANAL | 4BR+ | AED 31.20M | AED 8,278/sqft | Ready | Freehold | |
10 Feb 2025 | DUBAI WATER CANAL | 4BR+ | AED 44.15M | AED 4,145/sqft | Ready | Freehold | |
17 Apr 2023 | DUBAI WATER CANAL | 4BR+ | AED 36.70M | AED 9,677/sqft | Off-plan | Freehold | |
13 Dec 2022 | DUBAI WATER CANAL | 4BR+ | AED 53.63M | AED 5,089/sqft | Off-plan | Freehold | |
8 Dec 2022 | DUBAI WATER CANAL | 3BR | AED 33.89M | AED 6,840/sqft | Off-plan | Freehold | |
8 Dec 2022 | DUBAI WATER CANAL | 4BR+ | AED 50.04M | AED 5,592/sqft | Off-plan | Freehold | |
6 Dec 2022 | DUBAI WATER CANAL | 3BR | AED 18.35M | AED 6,358/sqft | Off-plan | Freehold | |
28 Nov 2022 | DUBAI WATER CANAL | 4BR+ | AED 37.81M | AED 6,835/sqft | Off-plan | Freehold | |
28 Nov 2022 | DUBAI WATER CANAL | 4BR+ | AED 51.94M | AED 4,900/sqft | Off-plan | Freehold | |
28 Sep 2022 | DUBAI WATER CANAL | 3BR | AED 18.42M | AED 6,188/sqft | Off-plan | Freehold | |
2 Sep 2022 | DUBAI WATER CANAL | 3BR | AED 18.13M | AED 6,011/sqft | Off-plan | Freehold | |
24 Aug 2022 | DUBAI WATER CANAL | 3BR | AED 17.36M | AED 6,124/sqft | Off-plan | Freehold | |
9 Aug 2022 | DUBAI WATER CANAL | 3BR | AED 17.60M | AED 5,913/sqft | Off-plan | Freehold | |
28 Jul 2022 | DUBAI WATER CANAL | 3BR | AED 17.66M | AED 5,932/sqft | Off-plan | Freehold | |
26 Jul 2022 | DUBAI WATER CANAL | 3BR | AED 17.53M | AED 6,076/sqft | Off-plan | Freehold | |
25 Jul 2022 | DUBAI WATER CANAL | 4BR+ | AED 21.00M | AED 5,537/sqft | Off-plan | Freehold | |
25 Jul 2022 | DUBAI WATER CANAL | 3BR | AED 17.59M | AED 6,096/sqft | Off-plan | Freehold | |
20 Jul 2022 | DUBAI WATER CANAL | 4BR+ | AED 20.26M | AED 5,404/sqft | Off-plan | Freehold | |
6 Jul 2022 | DUBAI WATER CANAL | 3BR | AED 17.59M | AED 5,832/sqft | Off-plan | Freehold | |
30 Jun 2022 | DUBAI WATER CANAL | 4BR+ | AED 34.77M | AED 12,270/sqft | Off-plan | Freehold | |
30 Jun 2022 | DUBAI WATER CANAL | 4BR+ | AED 18.19M | AED 6,031/sqft | Off-plan | Freehold | |
27 Jun 2022 | DUBAI WATER CANAL | 4BR+ | AED 29.98M | AED 5,421/sqft | Off-plan | Freehold | |
21 Jun 2022 | DUBAI WATER CANAL | 4BR+ | AED 21.80M | AED 5,747/sqft | Off-plan | Freehold | |
30 May 2022 | DUBAI WATER CANAL | 4BR+ | AED 20.00M | AED 5,334/sqft | Off-plan | Freehold | |
12 May 2022 | DUBAI WATER CANAL | 4BR+ | AED 22.90M | AED 6,040/sqft | Off-plan | Freehold | |
20 Jan 2022 | DUBAI WATER CANAL | 3BR | AED 17.21M | AED 6,072/sqft | Off-plan | Freehold | |
6 Jan 2022 | DUBAI WATER CANAL | 4BR+ | AED 21.65M | AED 5,774/sqft | Off-plan | Freehold | |
1 Mar 2021 | DUBAI WATER CANAL | AED 45.18M | AED 843/sqft | Ready | Freehold |