The Dubai Water Canal is a 3.2 km waterway that began in 2013 and opened in 2016. This massive community cost about $735 million and was built by a team including the RTA, Meraas, and Meydan Group. It covers around 400 acres of land and features a long 6.4 km walking and cycling path. The area is very popular and has a high occupancy rate, meaning most buildings and apartments are full, as people want to live near the water and close to the city centre.
Al Habtoor City Parks: Located right on the banks, offering green spaces and family-friendly dining options within a 5-minute walk.
Safe Play Zones: Features 6.4km of wide, car-free pathways perfect for kids learning to cycle or parents with strollers.
Abra & Yacht Rides: Private romantic boat tours offer a unique perspective of the city skyline during sunset.
Networking Hubs: Surrounded by high-end lounges and cafes, perfect for quick business lunches just minutes from Downtown.
Active Commutes: A direct connection for those cycling or running between Business Bay and Jumeirah, avoiding city traffic.
For people who buy property here, the canal is like a "money magnet.Owners can earn a rental yield of 5.5% to 7% annually by renting their apartments. Even better, the value of the homes increases by 8% to 12% each year (this is called annual appreciation). If you buy a home today, it could be worth much more in the future.