Overview
Dubai Water Canal is a remarkable 3.2-kilometer man-made waterway that connects Dubai Creek to the Arabian Gulf through Business Bay. Inaugurated in 2016, this AED 2.7 billion project has transformed the city’s landscape, introducing a vibrant waterfront destination that blends urban living with natural beauty. The canal features pedestrian-friendly walkways, cycling paths, and iconic bridges, making it a hub for both residents and tourists seeking leisure and connectivity.
Neighborhood
The Dubai Water Canal meanders through some of Dubai’s most prestigious neighborhoods, including Business Bay, Jumeirah, and Al Wasl. This strategic location offers residents unparalleled access to key business districts, shopping centers, and entertainment venues. The surrounding areas are characterized by a mix of high-rise buildings, luxury villas, and green spaces, creating a harmonious urban environment. The canal’s proximity to major roads like Sheikh Zayed Road ensures seamless connectivity to the rest of the city.
Features
The Dubai Water Canal boasts a plethora of features designed to enhance the lifestyle of its residents and visitors. Among its highlights are the three pedestrian bridges, including the Tolerance Bridge, which offer stunning views of the city skyline. The canal is lined with a 6.4-kilometer waterfront promenade, featuring a 3-kilometer running track and a 12-kilometer cycling path. At night, the canal comes alive with dynamic LED lighting, illuminating the waterway and its surroundings. Recreational activities such as abra rides, yacht cruises, and water sports are readily available, adding to the canal’s appeal as a leisure destination.
Properties in Dubai Water Canal
Residential Properties:
The Dubai Water Canal area offers a diverse range of residential options, from luxurious apartments to opulent villas. Developments like Canal Front Residences and Mr. C Residences provide high-end living spaces with breathtaking views of the canal.
Sales Prices:
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Apartments: Prices range from AED 2.5 million to AED 14.5 million, depending on size and location.
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Luxury Residences: Properties like Cavalli Couture and Mr. C Residences are priced between AED 16.5 million and AED 121.5 million.
Rental Rates:
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1-Bedroom Apartments: Approximately AED 65,000 per year.
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2-Bedroom Apartments: Around AED 80,000 per year.
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Luxury Apartments: High-end 3-4 bedroom units can command rents between AED 300,000 and AED 750,000 annually.
Commercial Properties:
While the Dubai Water Canal is predominantly residential, it also offers commercial spaces, particularly in the form of retail outlets and dining establishments along the promenade. These spaces benefit from high foot traffic and scenic views, making them ideal for businesses targeting affluent clientele.
In summary, the Dubai Water Canal community epitomizes luxury waterfront living, offering residents and investors a unique blend of modern amenities, strategic location, and picturesque surroundings.
Since the starting purchase prices and rental rates vary based on size and type of properties, please contact QAE Real Estate at +971 42222669 for any assistance.
