Dubai · Location Guide
Al Wasl
Overview
Al Wasl is a central Dubai district off Sheikh Zayed Road, home to City Walk and next to Safa Park. Where it meets the Dubai Water Canal, the stretch facing Safa Park holds a handful of boutique canal-front buildings: One Canal, Casa Canal and Casa AHS by AHS Properties, and Amali Residences by Amali Properties, our active investment case here. Downtown Dubai and DIFC are about ten minutes away by car in free-flowing traffic. Across Al Wasl and City Walk, without the canal-front buildings, the Dubai Land Department registered 918 sales between January and September 2026, worth AED 4.59bn, and 76% were off-plan, led by the City Walk Crestlane towers and DAMAC City 2. Flats sold at a median AED 3,220 per sq ft, finished flats at AED 2,675, and finished flats earn about 5.3% to 5.4% gross on Ejari and DLD data. Like the rest of central Dubai, finished flats softened during the year, from AED 2,981 per sq ft in the first quarter to AED 2,681 in the third.
Highlights
- City Walk and Safa Park on the doorstep, about ten minutes from Downtown and DIFC off-peak
- Canal-front buildings on the Dubai Water Canal, including Amali Residences, our active case, at AED 5,224 per sq ft for a two-bedroom, on total area
- Flats at a median AED 3,220 per sq ft, finished flats AED 2,675, Jan to Sep 2026 (DLD)
- About 5.3% to 5.4% gross on finished flats (Ejari and DLD 2026)
- Gold Line station at City Walk, approved April 2026, opening planned 9 Sep 2032
How much does a flat in Al Wasl or City Walk cost?
Median prices between January and September 2026 were AED 1.32M for a studio, AED 2.68M for a one-bedroom, AED 4.05M for a two-bedroom and AED 7.80M for a three-bedroom, according to the Dubai Land Department. These figures leave out the canal-front buildings.
What rental yield do flats in Al Wasl make?
About 5.3% to 5.4% gross for finished flats: the median Ejari rent registered between July and September 2026 in the same buildings as the sales, divided by the median finished-flat price between April and September 2026.
What is Amali Residences?
Two linked towers by Amali Properties on the Al Wasl bank of the Dubai Water Canal, priced at AED 5,224 per sq ft on total area for a two-bedroom, with handover estimated by the developer for the fourth quarter of 2030. Our investment case sets out the price list, canal comparables, payment plan, scenarios and risks.
Is Al Wasl on the metro?
The Gold Line, approved in April 2026 and planned to open on 9 September 2032, includes a City Walk station.
Data as of September 2026
- Dubai Land Department open data, sales transactions, 1 Jan to 30 Sep 2026
- Dubai Land Department open data, Ejari rent contracts (flats), 1 Jul to 30 Sep 2026 registrations
- M&M investment case: Amali Residences by Amali Properties, September 2026
- M&M location page, Al Wasl (canal-front buildings), September 2026
- Dubai Media Office: Dubai Metro Gold Line approved, 22 Apr 2026
Investing in Al Wasl?
Talk to our advisory team for current opportunities, pricing, and an honest read on this area.
Al Wasl Investment Guide: Prices, Rental Yield, Off-Plan Projects
Reviewed by Juan Mejia · 22 October 2026
Al Wasl, Dubai property investment
Amali Residences is the Al Wasl off-plan investment case named in M&M Real Estate’s project listing. M&M also publishes ready-market price and gross-yield benchmarks for the area, giving investors a useful reference point while they assess a specific unit, payment plan and handover estimate.
M&M Real Estate offers Dubai property listings, area information and investment guidance. Start with the project details and Al Wasl market context, then compare the documents and costs for the exact home under consideration.
Speak with an M&M advisor
Al Wasl off-plan prices and rental yield
M&M Real Estate’s Al Wasl and City Walk guide reports the following ready-market benchmarks. These figures describe completed-property sales and rents, so use them as area context rather than as an off-plan forecast.
| Ready-market measure | Reported figure |
|---|---|
| Median sale price for flats across Al Wasl and City Walk | AED 3,220 per sq ft |
| Median sale price for finished flats | AED 2,675 per sq ft |
| Reported gross yield for finished flats | 5.3-5.4% |
The yield figure is a gross ready-flat benchmark based on Ejari and Dubai Land Department data. A buyer assessing an off-plan home can compare its price and likely rent with this context, then account for that unit’s service charges, vacancy and operating costs before estimating net income.
Al Wasl projects: the named off-plan opportunity
Amali Residences by Amali Properties
Amali Residences is an active investment case in Al Wasl. The project comprises two linked towers on the Al Wasl bank of the Dubai Water Canal, developed by Amali Properties.
M&M’s projects listing gives a starting price of AED 15.3M and a 60/40 payment plan. These are project-specific figures: compare the same unit type, area calculation and payment milestones when reviewing a reservation offer.
Request the current availability schedule, floor plan, total sale price and written handover estimate for the unit being considered.
Compare project status as carefully as price. Amali Residences is an active Al Wasl investment case. Ready flats, resale inventory and off-plan units are different categories, so ask for the unit’s live sales status and construction update before comparing offers.
How to compare Al Wasl off-plan listings
A useful comparison starts with the plot and the individual unit, rather than a district label or headline launch price. For each short-listed property, review:
- Location: match the project name and plot to the location plan. Al Wasl and Wasl Gate are separate area labels; match the project name and plot to the location plan.
- Unit mix and floor plan: compare bedrooms, internal and total area, layout, outlook and floor. Make sure the quoted price per square foot uses the same area basis across listings.
- Price and payment plan: compare the full purchase price with each instalment, including the amount due at handover. A 60/40 plan should be read against the contract schedule, not treated as a standalone price advantage.
- Project status and handover: request the current construction progress, estimated completion and written update from the developer. Read the handover terms in the sale agreement.
- Ownership and project documents: review the sale agreement, project registration information and escrow account details. Match payment instructions to the signed documents.
- Total cost: request a written cost breakdown that covers applicable transaction costs, service charges and any financing requirements. For a buyer using a mortgage, plan the financing around the contractual payment and handover milestones.
Project-level access also deserves attention. Compare the exact entrance, road frontage, nearby plots and walking route to the amenities you expect to use; area-wide proximity does not mean every tower has the same outlook or access.
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Download free→Why consider M&M Real Estate for an Al Wasl search
M&M combines Dubai property listings with area guides, project information and investment guidance. For Al Wasl, ready-market benchmarks are separate from the off-plan case, so investors should not treat an area-wide yield as a project-specific return.
The project listing also gives practical comparison points for Amali Residences: its developer, starting price, payment plan and estimated handover status. An M&M advisor can help discuss the listing and the questions to raise about a specific unit.
Discuss Al Wasl with an M&M advisor
Local reviews and project evidence
For an Al Wasl purchase, review evidence against the specific property. A comment about a completed flat cannot establish the availability, construction progress or contract terms of an off-plan unit.
M&M’s local evidence includes its Al Wasl area guide and its listing for Amali Residences. Use those as a starting point, then assess the developer’s project documents, current construction update, unit schedule and sale agreement for the property you are considering.
Al Wasl location and nearby landmarks
Al Wasl is a central Dubai district off Sheikh Zayed Road. City Walk sits within the district, Safa Park is nearby, and the Dubai Water Canal runs along part of Al Wasl. Amali Residences is described as being on the Al Wasl bank of the canal.
For an area map description and local context, see M&M’s Al Wasl location guide.
Before choosing a unit, compare its exact position with the canal, nearby roads, entrances and surrounding plots. This makes the location review specific to the building instead of relying on broad descriptions of Al Wasl.
Ownership for international buyers
The area name alone does not establish the tenure attached to a unit. Review the project and title documents to see whether the specific property offers freehold ownership or another ownership arrangement, and confirm the exact tenure with the Dubai Land Department or a property lawyer.
This is general information, not legal advice.
Discuss Al Wasl off-plan property with M&M
Speak with an M&M advisor about Amali Residences, the ready-market benchmarks and the project details to review before reserving a unit.
Contact M&M Real Estate
Figures are past data; this article is general information and not tax, legal or financial advice, and returns are not guaranteed.
Frequently asked
What types of homes are available in Al Wasl’s off-plan developments?
Amali Residences is described as two linked towers, and M&M publishes a price per square foot for a two-bedroom unit. Request the current unit schedule and floor plans to compare the available layouts and sizes.
How do project prices, payment plans and handover details differ?
M&M lists Amali Residences from AED 15.3M with a 60/40 payment plan, and gives a developer-estimated handover. Compare the total price and instalment dates in the sale agreement, then request the latest written handover and construction update.
Which Al Wasl projects are still off-plan?
Amali Residences is the off-plan project M&M identifies in Al Wasl. Confirm the status and availability of the specific unit, since project status and resale inventory can change.
What amenities and landmarks are close to Al Wasl projects?
Al Wasl is next to Safa Park and includes City Walk, while the Dubai Water Canal runs along part of the district. The exact view, access route and distance to nearby places depend on the project’s plot and building position.
Which developer is behind the Al Wasl project listed by M&M?
Amali Properties is the developer named for Amali Residences, a pair of linked towers on the Al Wasl side of the Dubai Water Canal. Review the project documents for the unit and the developer’s latest construction information.
What ownership options are available to international buyers?
Check the title deed and sale agreement for the tenure recorded for the specific property.
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