Market bulletin · Thu, 22 Oct 2026
Canal Front Residences 9 - Tower 5: 1 sales worth AED 4.65M in 30 days
Canal Front Residences 9 - Tower 5 recorded 1 sale worth AED 4.65M in the 30 days to Thu, 22 Oct 2026. Over the last week 1 sale was registered (AED 4.65M), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Al Wasl, Canal Front Residences 9 - Tower 5 ranked #11 of 11 leading projects by 12-month sales value; it is developed by Meydan Developments. Its first registered sale was on 19 June 2023.
Leases registered in the last three months had a median annual rent of AED 198K.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | AED 2,314 |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 1 |
| Sept 26 | 0 | 0 | 0 |
| Aug 26 | 0 | 0 | 0 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 0 | 0 | 0 |
| Jan 26 | 0 | 0 | 0 |
| Dec 25 | 0 | 0 | 0 |
| Nov 25 | 0 | 0 | 1 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 1 | — | AED 4.65M | — | — |
| Last 3 months | 1 | — | AED 4.65M | — | — |
| Last 6 months | 1 | unchanged 0.0% | AED 4.65M | — | — |
| Last 12 months | 2 | down 83.3% | AED 8.50M | — | — |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 2 | 100% | — | — | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 2 bedrooms | 2 | 100% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| AED 2M–10M | 2 | 100% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
- Leases (12M)
- 37
- New leases
- 70.3%
- Median rent 3M
- AED 198K
- Rent/sqft 3M
- AED 128
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 2 BR | 24 | AED 202K | AED 213K | 129 |
Competing projects in Al Wasl
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Safa GateDamac Properties | 212 | 3,084 | up 3.3% |
| City Walk Crestlane 4 Building AMeraas Development | 82 | 3,342 | — |
| Muraba VeilMuraba Properties | 15 | 3,789 | — |
| Mr. C Residences DowntownAlta Real Estate Developments | 28 | 3,994 | — |
| City Walk Crestlane 5 Building AMeraas Development | 66 | 3,405 | — |
| City Walk Crestlane 4 Building BMeraas Development | 66 | 3,378 | — |
| City Walk Crestlane 5 Building BMeraas Development | 59 | 3,415 | — |
| Eden House The Park GH&H Investment and Development | 29 | 3,904 | — |
| One CanalAHS Properties | 5 | 5,959 | — |
| Eden House The Park DH&H Investment and Development | 14 | 4,326 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 4.65M | 2 BR Apartment · 1,585 sqftCanal Front Residences 9 - Tower 5 · Al Wasl | 20 Oct |
Questions about Canal Front Residences 9 - Tower 5
How many properties were sold in Canal Front Residences 9 - Tower 5 in the last year?
2 sales worth AED 8.50M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Canal Front Residences 9 - Tower 5?
The median annual rent on leases registered in the last three months was AED 198K.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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