One Canal in Al Wasl
One Canal · Al Wasl, Dubai
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Launch Price
AED 22M
Property Type
Mixed-Use
Bedrooms
3 - 5 Beds
Payment Plan
20/40/40
Handover
TBC
Projected Yield
4.8 to 7.0%
One Canal is a new multiple/other development in Al Wasl, Dubai, opening at AED 22M. Buyers pay 20% on booking, 40% across the construction phase, and settle the final 40% on handover. Market conditions in Al Wasl support projected gross yields between 4.8 and 7.0 percent per year for this category of off-plan. For premium off-plan investment in Al Wasl, MonthlyDubai provides free shortlisting based on your exact monthly instalment target.
Payment Plan Breakdown
From AED 303,448/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 4,400,000 Due on signing SPA |
|
| During Construction | 40% | AED 303,448/mo 29 monthly instalments |
|
| On Handover | 40% | AED 8,800,000 Due at TBC |
|
| Total | AED 22,000,000 | ||
On Booking
20%
AED 4,400,000
Due on signing SPA
During Construction
40%
AED 303,448/mo
29 monthly instalments
On Handover
40%
AED 8,800,000
Due at TBC
Total
100%
AED 22,000,000
Questions about One Canal
What payment plan does One Canal offer?
One Canal uses a 20/40/40 payment plan. Buyers pay 20% 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 One Canal fits your budget and send you comparable alternatives.
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