Amali Residences

If you were in our office, we would start with the address. Amali Residences stands on the Al Wasl bank of the Dubai Water Canal, between Sheikh Zayed Road and Safa Park. A One Canal penthouse on it sold for US$50M in 2023, as Khaleej Times reported. We think Amali is a trophy home, and this case tests that view against the neighbours' prices and what could go wrong.

It is selling now through registered brokers. The developer has released a price list for the two-, three- and four-bedroom apartments, with the five-bedrooms, canal villas and penthouses priced on request. The building is a pair of linked towers of about 48 residential floors, per broker listings, which also put it at around 210 residences. Amali Properties, founded by Ali and Amira Sajwani, presents it together with AHS Properties, founded by their brother Abbas, and the project was registered with the DLD in July 2026.

The architect is Killa Design, the Dubai studio that designed the Museum of the Future, and also One Canal and Casa Canal on this same stretch. HBA Residential did the interiors, Gaggenau kitchens come standard in the apartments, and three amenity podiums on levels 6, 23 and 35 hold 54,648 sq ft of shared space, per the developer. That specification keeps company with Dubai's branded towers, where registered medians on the Palm and in Jumeirah 2 run from about AED 7,000 to 13,500 per sq ft.

The price sits with its own stretch of canal. The listed "from" prices work out at AED 5,224 per sq ft for a two-bedroom, 5,525 for a three-bedroom and 5,593 for a four-bedroom, on total area including terraces. One Canal, a sold-out building on the same stretch, has resold at AED 5,848 to 6,295 per sq ft this year. Casa AHS, the newest AHS building on the same stretch, registered a median of 4,610 on larger homes, so Amali sits 13% to 21% above it.

The terraces deserve a careful read. They often make up a quarter to a half of each home, which gives you an outdoor room the size of a garden in the centre of the city, and it also means the price per foot needs reading with care. On interior space alone, the three- and four-bedrooms run at about AED 7,500 to 8,000 per sq ft. The register measures comparable canal apartments on total area too, so the comparisons above are like for like.

The trade, stated plainly: you commit about two thirds of the price over four years, including the 4% DLD fee, for a large, terrace-led home on the canal from a developer family whose projects have sold well. Amali Properties has not yet handed over a project, and the keys are expected in Q4 2030. The attraction is a trophy home bought at the canal's own prices.