Canal by M in Al Reem Island
Canal by M · Al Reem Island, Dubai
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Launch Price
AED 2.6M
Property Type
Mixed-Use
Bedrooms
2 - 4 Beds
Payment Plan
10/20/70
Handover
Q3 2026
Projected Yield
6.4 to 9.5%
Canal by M enters the Al Reem Island off-plan market as a multiple/other project with a starting price of AED 2.6M. A 10% booking payment secures the unit. Construction-phase instalments total 20%, with the remaining 70% due at handover scheduled for Q3 2026. Gross yield is projected in the 6.4 to 9.5% range annually, consistent with Abu Dhabi core market performance for this property type. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 86,667/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 260,000 Due on signing SPA |
|
| During Construction | 20% | AED 86,667/mo 6 monthly instalments |
|
| On Handover | 70% | AED 1,820,000 Due at Q3 2026 |
|
| Total | AED 2,600,000 | ||
On Booking
10%
AED 260,000
Due on signing SPA
During Construction
20%
AED 86,667/mo
6 monthly instalments
On Handover
70%
AED 1,820,000
Due at Q3 2026
Total
100%
AED 2,600,000
Questions about Canal by M
What payment plan does Canal by M offer?
Canal by M uses a 10/20/70 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in Q3 2026.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Canal by M fits your budget and send you comparable alternatives.
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