Project · Transactions · 2024

Canal Residence West (Phase 1) Property Transactions 2024

74 property sales worth ⃃ 58.37M were registered in Canal Residence West (Phase 1) in 2024, 8.8% higher than 2023 by number of sales. The median sale price was ⃃ 697,500 and the median price per square foot ⃃ 756 (+28.6% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 74 salesUpdated: 13 Nov 2026
Property sales
74
+8.8% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 58.37M
+50.8% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 697,500
+33.5% vs 2023
74 sales
Median price per sq ft
⃃ 756
+28.6% vs 2023
74 sales

What types of property sold in Canal Residence West (Phase 1) in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments74100%⃃ 58.37M⃃ 697,500⃃ 756

How were 2024 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)34.1%⃃ 3.62M⃃ 1,225,000⃃ 829
Resale (secondary)7195.9%⃃ 54.76M⃃ 695,000⃃ 756
Ready74100%⃃ 58.37M⃃ 697,500⃃ 756

How many rental contracts were registered in Canal Residence West (Phase 1) in 2024?

367 rental contracts (new and renewed) were registered in Canal Residence West (Phase 1) in 2024, at a median annual rent of ⃃ 57,000 (+14.0% on 2023). Rental yields in Canal Residence West (Phase 1)

What were the most expensive property sales in Canal Residence West (Phase 1) in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
12/08/2024Mediterranean3 beds · Apartment2,836 sq ft⃃ 2,050,000Resale · Ready
25/11/2024Venetian3 beds · Apartment2,075 sq ft⃃ 1,900,000Primary · Ready
10/09/2024Mediterranean2 beds · Apartment2,062 sq ft⃃ 1,390,000Resale · Ready
22/08/2024Venetian2 beds · Apartment1,529 sq ft⃃ 1,350,000Resale · Ready
26/01/2024Venetian2 beds · Apartment1,529 sq ft⃃ 1,350,000Resale · Ready
29/10/2024European2 beds · Apartment1,488 sq ft⃃ 1,335,000Resale · Ready
02/10/2024Mediterranean2 beds · Apartment1,452 sq ft⃃ 1,300,000Resale · Ready
09/08/2024Venetian2 beds · Apartment1,755 sq ft⃃ 1,250,000Resale · Ready
08/07/2024Mediterranean2 beds · Apartment1,561 sq ft⃃ 1,250,000Resale · Ready
28/11/2024European2 beds · Apartment1,406 sq ft⃃ 1,230,000Resale · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
23/12/2024Mediterranean1 bed · Apartment927 sq ft⃃ 672,750Resale · Ready
20/12/2024Mediterranean1 bed · Apartment927 sq ft⃃ 715,000Resale · Ready
16/12/2024Venetian1 bed · Apartment1,126 sq ft⃃ 750,000Resale · Ready
12/12/2024EuropeanStudio · Apartment602 sq ft⃃ 470,000Resale · Ready
11/12/2024Mediterranean2 beds · Apartment1,477 sq ft⃃ 1,225,000Primary · Ready
10/12/2024European1 bed · Apartment847 sq ft⃃ 558,900Resale · Ready
09/12/2024Mediterranean1 bed · Apartment971 sq ft⃃ 695,000Resale · Ready
04/12/2024EuropeanStudio · Apartment600 sq ft⃃ 465,000Resale · Ready
28/11/2024European2 beds · Apartment1,406 sq ft⃃ 1,230,000Resale · Ready
27/11/2024Mediterranean1 bed · Apartment815 sq ft⃃ 625,000Resale · 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 2024 with the whole of 2023.
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-1/2024
Canal Residence West (Phase 1) Property Transactions 2024. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/canal-residence-west-phase-1/2024

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 2024?
74 property sales worth ⃃ 58,372,631 were registered in Canal Residence West (Phase 1) in 2024. That is 8.8% higher than 2023.
What was the median property price in Canal Residence West (Phase 1) in 2024?
The median sale price was ⃃ 697,500 and the median price per square foot ⃃ 756 (1 Jan – 31 Dec 2024).
What share of 2024 sales in Canal Residence West (Phase 1) were off-plan or from developers?
Developer (primary) sales were 4.1% of the 74 sales and resales 95.9%. 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-1/2024