Unit 406 at Canal Bay is a 2 bed of 1,326 sq ft. It last sold for AED 2,225,000 on 1 Oct 2025. At AED 1,719 per sq ft, from 18 sales of units ending 06 (same position in the tower), it is worth about AED 2,280,000 today.
| Bedrooms | 2 bed |
|---|---|
| Size | 1,326 sq ft |
| Floor | 4 (from the unit number) |
| Position in the tower | Stack 06: units ending 06 share the same layout and view |
| Building | Canal Bay by NED Properties, handed over 2024 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 1 Oct 2025 | AED 2,225,000 | 1,326 sq ft | 1,678 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 506 | 13 May 2026 | AED 2,300,000 | 1,326 sq ft | 1,735 | Resale |
| 806 | 29 Apr 2026 | AED 2,270,000 | 1,326 sq ft | 1,712 | Resale |
| 1406 | 2 Feb 2026 | AED 2,310,000 | 1,326 sq ft | 1,742 | Resale |
| 706 | 21 Jan 2026 | AED 2,250,000 | 1,326 sq ft | 1,697 | Resale |
| 1606 | 8 Dec 2025 | AED 2,360,000 | 1,326 sq ft | 1,780 | Resale |
| 1806 | 13 Nov 2025 | AED 2,330,000 | 1,326 sq ft | 1,757 | Resale |
| 106 | 11 Nov 2025 | AED 2,225,000 | 1,364 sq ft | 1,631 | Resale |
| 1106 | 22 Oct 2025 | AED 2,290,000 | 1,326 sq ft | 1,727 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 801 | 17 Sep 2026 | AED 2,600,000 | 1,264 sq ft | 2,057 | Resale |
| 505 | 17 Sep 2026 | AED 2,450,000 | 1,327 sq ft | 1,846 | Resale |
| 701 | 29 Jul 2026 | AED 2,700,000 | 1,264 sq ft | 2,136 | Resale |
| 904 | 19 Jun 2026 | AED 1,977,000 | 1,112 sq ft | 1,778 | Resale |
| 506 | 13 May 2026 | AED 2,300,000 | 1,326 sq ft | 1,735 | Resale |
| 1201 | 11 May 2026 | AED 2,450,000 | 1,264 sq ft | 1,938 | Resale |
| 806 | 29 Apr 2026 | AED 2,270,000 | 1,326 sq ft | 1,712 | Resale |
| 907 | 21 Apr 2026 | AED 2,100,000 | 1,100 sq ft | 1,909 | Resale |
We took the 18 resale sales of units ending 06 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,719). We multiplied it by the size of this unit (1,326 sq ft). The range uses the middle half of those sales (AED 1,697 to AED 1,740 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,212,570. Floor, view, condition and upgrades can move the price either way. Sales data to 17 Sep 2026, from the Dubai Land Department register.
About AED 2,280,000 (range AED 2,250,000 to AED 2,308,000), based on AED 1,719 per sq ft from registered sales up to 17 Sep 2026.
1 Oct 2025, for AED 2,225,000 (resale). It has 1 registered sale.
A 2 bed in Canal Bay rents for about AED 140,000 a year (median asking rent). That is a gross yield of 6.1% on the estimate.