Luxhabitat Sotheby's International Realty has announced a brand-new, high-end residential development in Al Safa Park, next to the Dubai Water Canal. The Canal Front Residences will have 165 luxurious one-, two-, and three-bedroom apartments for sale, and will be built on the Dubai Canal in Al Wasl, Jumeirah. They will also provide stunning views of the Arabian Gulf, the skyline of Downtown Dubai, the Tolerance Bridge, and Safa Park.
Canal Front Residences is among the small number of freehold developments to be constructed in Al Wasl, Jumeirah. These properties at Canal Front Residences equally provide exceptional value for both occupants and investors, with a starting price of AED 1.99 million for a 972 sq ft flat.
STRONG DEMAND FOR PROPERTY IN THE JUMEIRAH AREA
Information provided by the Dubai Land Department and research by Luxhabitat Sotheby's International Realty provides some interesting insights. They uncover that the typical villa in Jumeirah covers a land area of 3,043 square feet and sells for AED 13.21 million. So, this exciting new development is in a prestigious location where demand is ripe.
The Jumeirah area’s convenient and luxurious location is notably in high demand amongst high-net-worth individuals (HNWIs). Equally, Dubai overall recorded an 18% increase in the influx of HNWIs within the first half of 2022. So, with continued strength in demand, the luxurious properties at the Canal Front Residencies will provide an attractive investment opportunity and living experience for HNWIs.
LUXURIOUS LIVING ENVIRONMENT
When finished, the Canal Front Residences will embody a modern, creative design. The properties will feature expansive rooms, lavish décor, and distinctive pastel textures and finishes, as well as panoramic floor-to-ceiling windows with scenic views. Residents will further benefit from a broad range of available facilities in combination with its accessible location. A location that provides easy access to Sheikh Zayed Road.
Residents of all age ranges will also have their needs met with an on-site state-of-the-art gym, outdoor swimming pool with sun loungers, and a children's playground. Equally, the Canal Front Residences offer convenient access to Dubai’s most recognised business, retail, and leisure destinations
With Meydan as the Canal Front Residences developer, the project is also in trusted and proven hands. Meydan has already developed a range of high-quality real estate projects throughout Dubai. These projects include Bab Al Shams Desert Resort & Spa, Dubai Racing Club, Meydan Racecourse, and The Meydan Hotel.