−10% Canal Front Residences 5
3 BR · Apartment · 4 bathrooms
Price history
Listed since 5 December 2025. The price has been cut 2 times — dates and figures from the listing itself.
- 8 October 2026 AED 21 000 000
- 15 October 2026 AED 19 000 000 -10%
- 16 October 2026 AED 21 000 000 + 11%
- 16 October 2026 AED 19 000 000 -10%
About the building
11-storey residential building in Canal Front Residences, completed in 2024. Developer — Meydan Group. Architect — AE7.
Where it is
The pin is placed by project — accurate to the development, not the door.
Al Wasl
The old Dubai residential belt between Jumeirah and Downtown: villas, low-rise, and some of the best schools in the city.
- families and schools
- central low-rise living
- capital preservation
What to check: Freehold designation varies plot by plot in old Dubai. Establish whether the specific property is open to foreign freehold ownership before spending time on it, and budget properly for refurbishment on an older villa.
Full district guide →Questions and answers about lot NP4-312878
How much is this 3-bedroom apartment in Canal Front Residences 5?
Lot NP4-312878 is priced at AED 19 000 000, about $5 174 000. The size is 3 948 sq ft (367 m²), which works out at AED 4 813 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 21 000 000 to AED 19 000 000: AED 2 000 000 less, or 10%. It was cut twice. On the market since 5 December 2025.
Is this expensive or cheap for Al Wasl?
The database holds 12 lots in Al Wasl, starting from AED 1 500 000. The area median is AED 3 822 per sq ft; this lot, at AED 4 813, is 26% above it. 8 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Al Wasl area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2024 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 30%, here AED 5 700 000; a loan of AED 13 300 000 over 25 years at 3.75–4.99% a year comes to roughly AED 68 400–77 700 a month. A non-resident puts down from 40% (AED 7 600 000) and pays about AED 58 600–66 600 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 760 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 19 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Canal Front Residences 5?
The building has 11 floors. The developer is Meydan. Completion year: 2024. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 4.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-312878 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Canal Front Residences 5
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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