Luxury Canal Residences

1. Is it on schedule?0% built in July 2026 against a November 2027 handover: 100% left to build in 16 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at مصرف الامارات الاسلامي مساهمة عامة, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,097/sqft, 23.9% below the Dubai Islands off-plan median across 112 projects-23.9%Context
4. Is it selling?11 off-plan sales registered in the last 12 months, of 73 units; the latest on 8 May 202611Context
5. Who is building it?The register names the master developer, Nakheel; 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

مصرف الامارات الاسلامي مساهمة عامة

Master developer

Nakheel

Registered start

July 2025

Configuration

G+2P+12+Roof

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 Luxury Canal Residences be completed?

The developer registered handover for November 2027, 16 months after DLD’s latest record, and the project was 0% 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 Luxury Canal Residences cost per square foot?

AED 2,097 per sqft, the median of 11 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.33M. That is 23.9% below the Dubai Islands off-plan median across 112 projects.

Is Luxury Canal Residences in escrow?

Yes: the Land Department register names مصرف الامارات الاسلامي 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 Luxury Canal Residences?

The register names the master developer, Nakheel, 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 Luxury Canal Residences have?

73 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.