Canal Bay

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Ned Properties
136
Total Units
118
Sold
AED 2,450,000
Median Price
AED 2,080
Median Price /sqft
Construction progress: null%
Start: —Completion: —

Canal Bay Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

2 Beds1061,100 sqft - 4,970 sqftAED 2.3M (2,060 /sqft)AED 2,420 /sqft
-14.63
3 Beds181,450 sqft - 3,170 sqftAED 3.4M (2,350 /sqft)AED 2,430 /sqft
-3.17

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
2Apartment, 1303131,228 sqft18.29 sqft Check Availability
2Apartment, 50451,112 sqft9.04 sqft Check Availability
2Apartment, 50751,100 sqft9.04 sqft Check Availability
2Apartment, 70371,228 sqft18.29 sqft Check Availability
3Apartment, 70271,449 sqft17.01 sqft Check Availability
3Apartment, 80281,449 sqft17.01 sqft Check Availability
Commercial, SH 11,657 sqft0 sqft Check Availability
Commercial, SH 21,910 sqft0 sqft Check Availability
Commercial, SH 33,326 sqft0 sqft Check Availability
Commercial, SH 41,907 sqft0 sqft Check Availability
Commercial, ST-01207 sqftCheck Availability
Commercial, ST-02250 sqftCheck Availability
Commercial, ST-03113 sqftCheck Availability
Commercial, ST-04250 sqftCheck Availability
Commercial, ST-05113 sqftCheck Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
2Apartment4,970 sqft365.23 sqft 1AED 2,800,000AED 563 /sqft 08, Jan 2025
2Apartment2,225 sqft112.12 sqft 1AED 2,500,000AED 1,124 /sqft 01, May 2025
2Apartment1,901 sqft77.04 sqft 1AED 2,400,000AED 1,262 /sqft 14, Mar 2025
2Apartment1,364 sqft24.9 sqft 1AED 2,225,000AED 1,631 /sqft 11, Nov 2025
3Apartment3,169 sqft176.34 sqft 1AED 3,200,000AED 1,010 /sqft 11, Apr 2025
2Apartment1,228 sqft18.29 sqft 10AED 2,660,000AED 2,166 /sqft 09, Apr 2025
2Apartment1,264 sqft18.19 sqft 10AED 2,590,000AED 2,049 /sqft 27, Nov 2024
2Apartment1,112 sqft9.04 sqft 10AED 2,440,000AED 2,194 /sqft 09, Sep 2025
2Apartment1,100 sqft9.04 sqft 10AED 2,290,000AED 2,082 /sqft 22, Jan 2026
2Apartment1,326 sqft24.51 sqft 10AED 2,270,000AED 1,712 /sqft 30, Sep 2025
2Apartment1,327 sqft24.66 sqft 10AED 2,200,000AED 1,658 /sqft 04, Dec 2025
3Apartment1,449 sqft17.01 sqft 10AED 3,130,000AED 2,160 /sqft 27, Dec 2024
2Apartment1,228 sqft18.29 sqft 11AED 2,680,000AED 2,182 /sqft 10, Mar 2025
2Apartment1,264 sqft18.19 sqft 11AED 2,590,000AED 2,049 /sqft 28, Nov 2024
2Apartment1,112 sqft9.04 sqft 11AED 2,460,000AED 2,212 /sqft 11, Nov 2025

Canal Bay Real Estate Data – FAQ

  • What is the current property supply in Canal Bay?

    Canal Bay has a total residential supply of approximately 15 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Canal Bay?

    Canal Bay recorded 53 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Canal Bay?

    The median transaction price in Canal Bay is AED 2,060 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Canal Bay?

    The gross rental yield in Canal Bay is approximately 5%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Canal Bay?

    Property prices in Canal Bay have shown a capital appreciation of 0% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Canal Bay?

    There are currently 0 active off-plan projects in Canal Bay, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Canal Bay?

    The total off-plan pipeline in Canal Bay includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Canal Bay a good area for property investment?

    Canal Bay is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Canal Bay, this is %, indicating relatively strong income performance compared to global markets.

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