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Projects·Dubai·Al Merkadah
Luxury Canal Residences, apartments in Al Merkadah, Dubai, by Prestige One Developments
Off-PlanApartments

Luxury Canal Residences

Al Merkadah · Dubai · by Prestige One Developments
Details are indicative, confirm with our desk before transacting
4 photos of Luxury Canal Residences. Renders and photography supplied by Prestige One Developments.
Price from
AED 2M
entry price
Bedrooms
2BR-4BR
Apartments
Handover
q1-2028
Off-Plan
Price per sqft
AED 4,800
/sqft

Luxury Canal Residences is an apartment project by Prestige One Developments in Al Merkadah, Dubai with 2BR-4BR layouts. AED 2,000,000 at AED 4,800 per sqft is what we hold for it in Al Merkadah. Luxury Canal Residences is a distinguished residential development set in the heart of Dubai Islands. The project features a G + P2 + 12-storey structure, thoughtfully designed to provide breathtaking views of both the sea and the Dubai skyline. Its modern architectural style, defined by elegant lines and premium materials, creates a seamless connection with the surrounding landscape and delivers a true resort-inspired living experience. Residents can choose from a range of thoughtfully planned layouts, including studios, 1-, 2-, and 3-bedroom apartments, as well as an exclusive penthouse. Each residence is finished to the highest standards, ensuring a sophisticated and comfortable ambiance. The interiors are designed to harmonize luxury and practicality, and many units come with private balconies that allow residents to fully enjoy the picturesque waterfront setting.

Payment structure
Plan on request
Modelled on entry price AED 2M
Booking / down payment20% · AED 400,000
During construction60% · AED 1,200,000
On handover20% · AED 400,000

Developer payment plan, confirm current terms with our desk. Figures shown against the entry price. Confirm the live schedule with our desk. Indicative, not financial advice.

Cost to entry
What it takes to secure a unit at Luxury Canal Residences: the down payment plus government and trustee costs, before the mortgage question.
Down payment20%
AED 400,000
DLD fee4%
AED 80,000
Trustee + adminfixed
≈ AED 4,500
All-in entry estimate
AED 484,500
Down payment 20% + DLD 4% + trustee. Indicative, not financial advice.
Location
Al Merkadah · Dubai
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P1
Developer
Prestige One Developments
Boutique developer · Independent, fast-growing Dubai developer; debut project Vista (Dubai Sports City) reported sold out in 2024, with roughly ten off-plan projects launched · since 2021
Track record →
Data provenance

Details for Luxury Canal Residences are maintained by our research desk and reconfirmed against Prestige One Developments’s current inventory before any reservation. Spotted something out of date? Tell us and we will check it against the source.

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