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Project · Transactions · 2022

Canal Residence West 2 Property Transactions 2022

61 property sales worth ⃃ 36.28M were registered in Canal Residence West 2 in 2022, 55.1% lower than 2021 by number of sales. The median sale price was ⃃ 535,000 and the median price per square foot ⃃ 714 (+32.3% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 61 salesUpdated: 15 Nov 2026
Property sales
61
−55.1% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 36.28M
−61.8% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 535,000
−11.5% vs 2021
61 sales
Median price per sq ft
⃃ 714
+32.3% vs 2021
61 sales

What types of property sold in Canal Residence West 2 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments61100%⃃ 36.28M⃃ 535,000⃃ 714

How were 2022 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)1016.4%⃃ 8.77M⃃ 932,500⃃ 599
Resale (secondary)5183.6%⃃ 27.51M⃃ 513,632⃃ 727
Ready61100%⃃ 36.28M⃃ 535,000⃃ 714

How many rental contracts were registered in Canal Residence West 2 in 2022?

162 rental contracts (new and renewed) were registered in Canal Residence West 2 in 2022, at a median annual rent of ⃃ 44,050 (+4.9% on 2021). Rental yields in Canal Residence West 2

What were the most expensive property sales in Canal Residence West 2 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
01/03/2022Spanish3 beds · Apartment2,590 sq ft⃃ 1,300,000Primary · Ready
13/04/2022Arabian3 beds · Apartment2,344 sq ft⃃ 1,241,100Primary · Ready
09/12/2022Arabian4 beds · Apartment4,803 sq ft⃃ 1,189,589Resale · Ready
14/12/2022Spanish2 beds · Apartment1,839 sq ft⃃ 1,103,160Primary · Ready
03/10/2022Arabian2 beds · Apartment1,382 sq ft⃃ 1,000,000Primary · Ready
27/06/2022Arabian2 beds · Apartment1,382 sq ft⃃ 990,653Resale · Ready
19/07/2022Arabian2 beds · Apartment1,404 sq ft⃃ 980,000Resale · Ready
20/01/2022Spanish2 beds · Apartment1,865 sq ft⃃ 965,000Primary · Ready
27/06/2022Arabian2 beds · Apartment1,485 sq ft⃃ 965,000Resale · Ready
27/10/2022Arabian2 beds · Apartment1,478 sq ft⃃ 920,000Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
29/12/2022Arabian1 bed · Apartment970 sq ft⃃ 579,959Resale · Ready
29/12/2022SpanishStudio · Apartment585 sq ft⃃ 350,820Resale · Ready
29/12/2022Arabian1 bed · Apartment931 sq ft⃃ 571,608Resale · Ready
29/12/2022Arabian1 bed · Apartment862 sq ft⃃ 515,053Resale · Ready
29/12/2022Arabian1 bed · Apartment859 sq ft⃃ 513,632Resale · Ready
29/12/2022Arabian1 bed · Apartment837 sq ft⃃ 504,138Resale · Ready
28/12/2022Arabian1 bed · Apartment848 sq ft⃃ 507,948Primary · Ready
28/12/2022Arabian1 bed · Apartment840 sq ft⃃ 621,600Resale · Ready
28/12/2022Spanish1 bed · Apartment855 sq ft⃃ 640,000Resale · Ready
27/12/2022Arabian2 beds · Apartment1,068 sq ft⃃ 796,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2022 with the whole of 2021.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/canal-residence-west-2/2022
Canal Residence West 2 Property Transactions 2022. DXBinteract, data to 15 Nov 2026. https://dxbinteract.com/dubai-property-transactions/canal-residence-west-2/2022

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Canal Residence West 2 in 2022?
61 property sales worth ⃃ 36,284,666 were registered in Canal Residence West 2 in 2022. That is 55.1% lower than 2021.
What was the median property price in Canal Residence West 2 in 2022?
The median sale price was ⃃ 535,000 and the median price per square foot ⃃ 714 (1 Jan – 31 Dec 2022).
What share of 2022 sales in Canal Residence West 2 were off-plan or from developers?
Developer (primary) sales were 16.4% of the 61 sales and resales 83.6%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 15 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/canal-residence-west-2/2022