Project · Transactions · 2018

Canal Residence West (Phase 1) Property Transactions 2018

66 property sales worth ⃃ 59.77M were registered in Canal Residence West (Phase 1) in 2018, 94.1% higher than 2017 by number of sales. The median sale price was ⃃ 742,754 and the median price per square foot ⃃ 819 (−8.4% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 66 salesUpdated: 13 Nov 2026
Property sales
66
+94.1% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 59.77M
+86.5% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 742,754
−8.6% vs 2017
66 sales
Median price per sq ft
⃃ 819
−8.4% vs 2017
66 sales

What types of property sold in Canal Residence West (Phase 1) in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments66100%⃃ 59.77M⃃ 742,754⃃ 819

How were 2018 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)23%⃃ 2.18M⃃ 1,088,434⃃ 883
Resale (secondary)6497%⃃ 57.6M⃃ 742,754⃃ 819
Ready66100%⃃ 59.77M⃃ 742,754⃃ 819

How many rental contracts were registered in Canal Residence West (Phase 1) in 2018?

357 rental contracts (new and renewed) were registered in Canal Residence West (Phase 1) in 2018, at a median annual rent of ⃃ 64,309 (−10.7% on 2017). Rental yields in Canal Residence West (Phase 1)

What were the most expensive property sales in Canal Residence West (Phase 1) in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
22/10/2018Mediterranean2 beds · Apartment1,347 sq ft⃃ 2,330,235Resale · Ready
22/10/2018Mediterranean2 beds · Apartment1,451 sq ft⃃ 2,215,812Resale · Ready
08/01/2018European2 beds · Apartment1,444 sq ft⃃ 2,215,812Resale · Ready
22/10/2018Venetian2 beds · Apartment1,440 sq ft⃃ 1,945,945Resale · Ready
22/10/2018European2 beds · Apartment1,777 sq ft⃃ 1,785,768Resale · Ready
22/10/2018Venetian2 beds · Apartment1,407 sq ft⃃ 1,653,089Resale · Ready
08/01/2018European2 beds · Apartment1,792 sq ft⃃ 1,639,293Resale · Ready
08/01/2018European2 beds · Apartment1,522 sq ft⃃ 1,623,888Resale · Ready
22/10/2018European2 beds · Apartment1,406 sq ft⃃ 1,571,129Resale · Ready
22/10/2018European2 beds · Apartment1,406 sq ft⃃ 1,571,129Resale · Ready

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
27/12/2018Venetian1 bed · Apartment954 sq ft⃃ 640,000Resale · Ready
27/12/2018Mediterranean1 bed · Apartment815 sq ft⃃ 580,000Resale · Ready
23/12/2018European1 bed · Apartment1,195 sq ft⃃ 625,000Resale · Ready
22/11/2018EuropeanStudio · Apartment600 sq ft⃃ 440,000Resale · Ready
19/11/2018Venetian1 bed · Apartment953 sq ft⃃ 620,000Resale · Ready
31/10/2018VenetianStudio · Apartment448 sq ft⃃ 400,000Resale · Ready
28/10/2018Mediterranean1 bed · Apartment927 sq ft⃃ 620,000Resale · Ready
22/10/2018Venetian2 beds · Apartment1,440 sq ft⃃ 1,945,945Resale · Ready
22/10/2018European1 bed · Apartment846 sq ft⃃ 1,012,801Resale · Ready
22/10/2018Mediterranean1 bed · Apartment815 sq ft⃃ 806,904Resale · 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 2018 with the whole of 2017.
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-phase-1/2018
Canal Residence West (Phase 1) Property Transactions 2018. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/canal-residence-west-phase-1/2018

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 (Phase 1) in 2018?
66 property sales worth ⃃ 59,774,786 were registered in Canal Residence West (Phase 1) in 2018. That is 94.1% higher than 2017.
What was the median property price in Canal Residence West (Phase 1) in 2018?
The median sale price was ⃃ 742,754 and the median price per square foot ⃃ 819 (1 Jan – 31 Dec 2018).
What share of 2018 sales in Canal Residence West (Phase 1) were off-plan or from developers?
Developer (primary) sales were 3% of the 66 sales and resales 97%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/canal-residence-west-phase-1/2018