What is the exact location of Luxury Canal Residences by Prestige One?

Luxury Canal Residences is located within the man-made Dubai Islands archipelago off the north coast of Dubai, close to the Deira neighborhood and approximately 15 minutes drive to Dubai International Airport.

What kind of properties are available at Luxury Canal Residences by Prestige One?

Luxury Canal Residences offers 1-3 bedroom apartments as well as penthouses. Apartment sizes start from 809 sqft (75 m²) for 1-bedroom, 1200 sqft (111 m²) for 2-bedroom and 1676 sqft (156 m²) for 3-bedroom. The penthouses are up to 4427 sqft (411 m²).

What are the apartment prices at Luxury Canal Residences by Prestige One?

1-bedroom apartments start at AED 2,000,000 ($544,500), 2-bedroom apartments start from AED 2,900,000 ($789,500) and 3-bedroom apartments start from AED 4,100,000 ($1,116,200). The price of these penthouses on Dubai Islands starts from AED 12,000,000 ($3,267,100).

What are the interest-free payment plans for Luxury Canal Residences?

Prestige One offers a flexible payment plan with 65/35 interest free installments and a down payment of 20% of the price of this property in Dubai.

When is Luxury Canal Residences by Prestige One scheduled for completion?

These apartments on Dubai Islands are scheduled for completion in Q1 2028.

What amenities will be available at Luxury Canal Residences by Prestige One?

Residents of apartments at Luxury Canal Residences will be able to enjoy amenities such as a clubhouse, infinity pool, state-of-the-art fitness center, spa, Jacuzzi, mini golf, equipped playground, barbecue facilities, billiards room, outdoor and indoor gyms, walking alleys, landscaped gardens, sports courts for basketball and badminton, bicycle parking, and 24-hour concierge service.

Luxury Canal Residences by Prestige One on Dubai Islands

Prestige One presents Luxury Canal Residences, a new residential project located on Dubai Islands. The 12-storey building offers 73 properties comprising 1-3 bedroom apartments and 3-bedroom penthouses. These properties in Dubai range in size from 809 sqft (75 m²) to 4427 sqft (411 m²). Starting prices for apartments at Luxury Canal Residences start from AED 2,000,000 ($544,500).

The architecture of the building is inspired by the waves of the Arabian Gulf. This is reflected in the flowing lines of the façade and interiors. The interior spaces are decorated in light colors using natural materials. Kitchens are equipped with appliances and functional storage systems.

Residents of properties at Luxury Canal Residences have access to a variety of amenities including a clubhouse, infinity pool, fitness center, spa and wellness center, Jacuzzi, indoor and outdoor gyms, miniature golf, playground, billiards room, reading lounge, barbecue facilities, walking alleys, badminton and basketball courts, landscaped gardens and bicycle parking. A 24-hour concierge service provides a high level of residential security.

The developed infrastructure of the islands where the development is located includes shopping centers, restaurants, entertainment venues, schools and medical facilities. Thanks to the construction of new bridges and roads, travelling time to Downtown Dubai and the international airport is 15-20 minutes.

Prestige One is offering a flexible 65/35 interest-free payment plan with a 20% down payment for buying these apartments on Dubai Islands s. This property in Dubai is expected to be completed in Q1 2028.

Renders may look slightly different than real life photos

1-Bedroom

2-Bedroom

3-Bedroom

Investing in Dubai real estate offers a path to long-term residency with multiple benefits. A 2-year renewable visa is available for property investments of AED 750,000 ($204,200), granting residency and family sponsorship, and access to the city’s many advantages.

For extended residency, a 5-year visa requires a minimum investment of AED 2,000,000 ($544,500) in fully owned property, held for at least three years. This visa provides family sponsorship and long-term security with renewal options.

The 10-year Golden Visa, also requiring AED 2,000,000 ($544,500), allows unrestricted family sponsorship and offers premium services like healthcare, education, and long-term peace of mind. It is renewable, ensuring stability and flexibility to establish permanent residency.

To qualify for the 10-year Golden Visa, the property must be fully paid, registered in the investor’s name, and meet specific criteria regarding type and location. The 5-year visa has simpler requirements, allowing any property type as long as it’s held for three years.

These flexible visa options support long-term investments and secure your future in Dubai.

Dubai Islands is a large-scale project by renowned developer Nakheel, located off the northern coast of Dubai, near the historic center of Deira. The archipelago includes five artificial islands with a total area of 17 km² with 20 kilometers of landscaped sandy beaches and green areas of more than 2 km².

The most important advantage of Dubai Islands is its developed infrastructure and high level of comfort. The centerpiece of the project will be the large-scale Dubai Islands Mall. It will surpass the size of the famous Dubai Mall and will offer a wide range of brands, restaurants and entertainment venues. In addition, the islands will feature a range of cafes, stylish lounges and restaurants with views of the Arabian Gulf and Dubai's urban landscape.

Families living on the islands have access to an extensive social infrastructure, including international schools and kindergartens with a high level of education. There are also medical facilities and modern clinics capable of providing quality healthcare.

Dubai Islands pays special attention to the organization of leisure: residents and guests will be able to visit sports complexes and beach sports grounds, golf clubs with exclusive courses, walking and cycling paths along the seafronts and picturesque parks. There are also plans to build more than 80 hotels and resorts, which will make the islands in demand not only among residents, but also among tourists.

Convenient transport accessibility is achieved through new roads and bridges connecting the islands with key areas of Dubai and the international airport, which can be reached in 15-20 minutes.

Luxury Canal Residences on Dubai Islands is highly attractive due to its strategic location and carefully planned infrastructure. Investors can look forward to significant property returns as Dubai Islands has some of the highest yields in Dubai.

Short-term rental yields for apartments on Dubai Islands are as high as 15% per annum, providing a return on investment in just 6.6 years. For long-term rental property on Dubai Islands, the yield also remains high — about 8%.

An important factor in the investment attractiveness of property at Luxury Canal Residences is the developed infrastructure of Dubai Islands. There are leading international schools, modern medical centers and clinics, large-scale shopping and entertainment complexes. This significantly increases the demand for renting and buying housing in the complex.

An additional advantage is transport accessibility. New bridges and road networks connect the islands with key areas of Dubai, allowing to reach the business center and the international airport in 15-20 minutes. This makes Luxury Canal Residences an attractive place to live for those with active lifestyles or frequent travelers.

It is also worth noting that purchasing a property in Dubai priced from AED 2,000,000 ($544,500) allows investors to obtain a UAE Golden Visa for 10 years. This further stimulates demand and makes investing in apartments at Luxury Canal Residences even more profitable and promising.