Canal Front Residences Phaze 6 By Meydan Group in Al Wasl
Canal Front Residences Phaze 6 By Meydan Group · Al Wasl, Dubai
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Launch Price
AED 1.6M
Property Type
Apartment
Bedrooms
2 - 3 Beds
Payment Plan
10/50/40
Handover
TBC
Projected Yield
5.5 to 7.5%
Canal Front Residences Phaze 6 By Meydan Group covers 2 - 3 beds configurations in Al Wasl, Dubai, from AED 1.6M. Buyers pay 10% on booking, 50% across the construction phase, and settle the final 40% on handover. Market conditions in Al Wasl support projected gross yields between 5.5 and 7.5 percent per year for this category of off-plan. Use MonthlyDubai's free matching service to check whether Canal Front Residences Phaze 6 By Meydan Group fits what you can comfortably pay each month.
Payment Plan Breakdown
From AED 27,586/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 160,000 Due on signing SPA |
|
| During Construction | 50% | AED 27,586/mo 29 monthly instalments |
|
| On Handover | 40% | AED 640,000 Due at TBC |
|
| Total | AED 1,600,000 | ||
On Booking
10%
AED 160,000
Due on signing SPA
During Construction
50%
AED 27,586/mo
29 monthly instalments
On Handover
40%
AED 640,000
Due at TBC
Total
100%
AED 1,600,000
Questions about Canal Front Residences Phaze 6 By Meydan Group
What payment plan does Canal Front Residences Phaze 6 By Meydan Group offer?
Canal Front Residences Phaze 6 By Meydan Group uses a 10/50/40 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in TBC.
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 Front Residences Phaze 6 By Meydan Group fits your budget and send you comparable alternatives.
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