One Canal

1. Is it on schedule?44% built in July 2026, 14 months past its registered May 2025 handover · DLD project register, Jul 202644%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي الاسلامي (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 5,959/sqft, 85.1% above the Al Wasl off-plan median across 9 projects+85.1%Context
4. Is it selling?5 off-plan sales registered in the last 12 months, of 43 units; the latest on 5 Mar 20265Context
5. Who is building it?The register names the master developer, Meraas; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك دبي الاسلامي (شركة مساهمة عامة)

Master developer

Meraas

Registered start

December 2022

Configuration

3B+G+16 Residential, The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will One Canal be completed?

The developer registered handover for May 2025; that date has passed with no completion recorded, 14 months on, and the project was 44% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does One Canal cost per square foot?

AED 5,959 per sqft, the median of 5 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 31.50M. That is 85.1% above the Al Wasl off-plan median across 9 projects.

Is One Canal in escrow?

Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of One Canal?

The register names the master developer, Meraas, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does One Canal have?

43 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.