Unit 501 at Canal Bay is a 2 bed of 1,264 sq ft. It last sold for AED 2,800,000 on 7 Jan 2026. At AED 2,061 per sq ft, from 20 sales of units ending 01 (same position in the tower), it is worth about AED 2,605,000 today.
| Bedrooms | 2 bed |
|---|---|
| Size | 1,264 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 01: units ending 01 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 |
|---|---|---|---|---|
| 7 Jan 2026 | AED 2,800,000 | 1,264 sq ft | 2,215 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 801 | 17 Sep 2026 | AED 2,600,000 | 1,264 sq ft | 2,057 | Resale |
| 701 | 29 Jul 2026 | AED 2,700,000 | 1,264 sq ft | 2,136 | Resale |
| 1201 | 11 May 2026 | AED 2,450,000 | 1,264 sq ft | 1,938 | Resale |
| 1201 | 9 Dec 2025 | AED 2,200,000 | 1,264 sq ft | 1,741 | Resale |
| 1601 | 8 Dec 2025 | AED 2,705,000 | 1,264 sq ft | 2,140 | Resale |
| 1201 | 29 Oct 2025 | AED 2,625,000 | 1,264 sq ft | 2,077 | Resale |
| 201 | 11 Sep 2025 | AED 2,550,000 | 1,264 sq ft | 2,017 | Resale |
| 901 | 19 Aug 2025 | AED 2,590,000 | 1,264 sq ft | 2,049 | 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 20 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,061). We multiplied it by the size of this unit (1,264 sq ft). The range uses the middle half of those sales (AED 2,029 to AED 2,081 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,791,166. 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 2,605,000 (range AED 2,565,000 to AED 2,630,000), based on AED 2,061 per sq ft from registered sales up to 17 Sep 2026.
7 Jan 2026, for AED 2,800,000 (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 5.4% on the estimate.