One Canal: Penthouse Living in Al Wasl, from AED 17.85 Million
One Canal is an exclusively penthouse development in Al Wasl, Dubai, built by AHS Properties. There are no apartments or villas here. Every unit is a penthouse, spanning three-bedroom, four-bedroom, and five-bedroom configurations.
What Al Wasl Means for This Address
Al Wasl sits between Jumeirah and the Dubai Water Canal, a well-established residential corridor in central Dubai. City Walk, a major retail and dining destination, is close by. Sheikh Zayed Road and Business Bay are both accessible within a short drive. Dubai International Airport is typically reachable in under 30 minutes.
This part of Dubai has long attracted owner-occupiers rather than short-term yield seekers. The canal is the immediate landmark, and the surrounding streets are residential rather than commercial. For a buyer weighing location, Al Wasl offers a central address without the density of Downtown or the bustle of Dubai Marina.
Three to Five Bedrooms: The Unit Range
Every unit in One Canal is a penthouse. Three-bedroom layouts run between 4,100 and 5,145 sq ft across different configurations. Four-bedrooms span 6,725 to 7,157 sq ft. Five-bedroom units reach 8,834 sq ft.
The floor plates are large across the board. The step from three-bedroom to four-bedroom roughly doubles the square footage. The five-bedroom is nearly twice the size of the smallest three-bedroom layout. Buyers who want maximum space sit at the top of the range. Those entering at a lower absolute price point access the project through the three-bedroom options.
Pricing: AED 17.85 Million to AED 26.78 Million
The price range runs from AED 17,850,294 to AED 26,775,441, a difference of roughly 50% between entry and ceiling.
The lower end corresponds to a four-bedroom unit at just over 7,000 sq ft, implying approximately AED 2,480 per sq ft. The upper end is the five-bedroom at 8,834 sq ft, at around AED 3,030 per sq ft. Three-bedroom options offer a lower headline number but at smaller floor areas than the four-bedroom entry.
At this price level, One Canal is positioned in the upper segment of the Dubai market. The buyer at the entry end is acquiring a large-format primary residence at the more accessible end of the luxury range. The buyer at the top is purchasing a private estate-scale floor in one of Dubai's more established residential addresses.
Gymnasium, Mosque, and Social Space
| Category | Facilities |
|---|---|
| Wellness & Fitness | Gymnasium |
| Security | CCTV Security |
| F&B & Social | Restaurants, Barbecue Area |
| Community | Mosque |
Five amenities across four categories. The on-site mosque is an uncommon inclusion in a residential penthouse building, and it signals a project oriented toward local and regional owner-occupiers for whom that facility matters. The restaurants and barbecue area provide shared social infrastructure. The overall profile fits a building aimed at permanent residents rather than short-stay investors.
April 2024 Build Start: Project Likely Completed
Construction at One Canal began in April 2024, with an original expected completion of June 2024. Both dates have now passed. Buyers approaching One Canal now are entering a likely completed asset, not a standard off-plan purchase.
Getting In: 20% Down, 40% at Handover
| Milestone | Percentage |
|---|---|
| Down Payment | 20% |
| During Construction | 40% |
| Handover | 40% |
The down payment is 20%, in line with standard Dubai off-plan practice. On the entry-level unit, that translates to AED 3,570,059 upfront. The remaining 80% splits evenly between the construction period and handover. There is no post-handover component, meaning the full purchase price is settled at the point of delivery. For a buyer entering a likely completed project, the payment schedule compresses accordingly.