Nakheel
Rixos Dubai Islands Hotel & Residences
Dubai Islands, Dubai
From AED 2,600,000
- Payment plan80/20
- HandoverQ4 2026
- Units1–3 BR · Apartments, villas, duplexes
Luxury Canal Residences is an off-plan apartments development by Prestige One Developments in Dubai Islands, with homes from AED 2,792,000 on a 65/35 payment plan and handover expected in Q1 2028. Homes at AED 2 million or more may support a 10-year UAE Golden Visa, with extra document rules for off-plan units.
Overview
Luxury Canal Residences by Prestige One is a serene waterfront retreat nestled along the harbor of Dubai Islands, offering an elegant fusion of tranquility and modern sophistication. Thoughtfully designed for those who appreciate peaceful, elevated living, the development mirrors the gentle rhythm of the sea, creating an atmosphere where life flows effortlessly. With its graceful architecture and seamless connection to nature, the residences exude timeless charm and refined simplicity.
Inside, each home is crafted to reflect understated luxury and comfort. Spacious layouts, sophisticated finishes, and floor-to-ceiling windows invite natural light and frame soothing water views, creating a calming ambiance. The interiors are complemented by serene design elements, warm tones, and contemporary elegance, allowing residents to enjoy a sanctuary that nurtures well-being and harmony at every turn.
Luxury Canal Residences also offers a comprehensive array of lifestyle-enhancing amenities spread across the ground and podium levels. From an infinity pool, spa, and wellness area to sports courts, a miniature golf course, outdoor cinema, and children’s adventure park, every detail is designed to enrich the everyday experience. Whether unwinding in the Prestige Owners’ Lounge or enjoying the canal promenade, residents are immersed in a community that celebrates leisure, luxury, and meaningful living.
Details
Gallery
Amenities
Payment plan
| Milestone | Share | Amount (AED)* |
|---|---|---|
| Down payment | 20% | 558,400 |
| Construction instalments | 45% | 1,256,400 |
| Handover payment | 35% | 977,200 |
| Total | 100% | 2,792,000 |
*Worked example on the starting price of AED 2,792,000. Instalment dates and amounts are confirmed per unit in the sales offer. DLD registration fees are payable on top (see the buying guide).
Floor plans
| Unit type | Size (sq ft) |
|---|---|
| 2 bedrooms | 1200 |
| Unit type | Size (sq ft) |
|---|---|
| 3 bedrooms | 2007 |
Location
Investment
Worked from the starting price and the stated payment plan; your unit’s figures come from the sales offer. The 4% DLD figure is DLD’s published sale-registration fee (how it is split is set in the sale agreement). Not financial advice. See the investor guide.
Developer

Sovereign Realty’s broker registration. Trade licence 1430699.
FAQ
Homes at Luxury Canal Residences start from AED 2,792,000 for 2-bedroom homes. Availability and figures change with each release, so request the latest availability before you reserve.
Prestige One Developments offers a 65/35 payment plan: 65% during construction and 35% on handover. The Dubai Land Department registration fee of 4% is usually paid at signing, on top of the plan.
Handover is expected in Q1 2028. Completion dates can move, so check the developer's latest construction update before you plan around it.
Budget for the Dubai Land Department registration fee of 4% of the sale value, usually paid at signing, and Sovereign's brokerage fee of 2%. Any developer admin charge is set in the sale and purchase agreement for the unit.
A home with a purchase value of AED 2 million or more, held in your name, can support a 10-year Golden Visa. Off-plan units need extra documents, so read our Golden Visa guide first.
Luxury Canal Residences is developed by Prestige One Developments. See the developer page for their other projects in Dubai.
Send an enquiry from this page and Sovereign will share the floor plans, brochure and current availability for Luxury Canal Residences.
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Ask about availability, the payment plan or resale rules.