8 New Off-Plan Projects in Al Wasl

Dubai's central residential strip between Downtown and Jumeirah - apartments at AED 2,200-3,000 per sqft, yields 5-6.5%, walkable proximity to Jumeirah Beach and the Burj Khalifa skyline.

Projects
8
Projects
From, AED
2.1M
From, AED
Handover
2024-29
Handover
Developers
6
Developers

New Off-Plan Projects in Al Wasl

8 projects

Eden House The ParkH&H Development

Eden House The Park

Al Wasl

2-4 BRQ1 2027
AED 46,199 / m²
fromAED 7.09M
Canal Front Residences By MeydanMeydan Group

Canal Front Residences By Meydan

Al Wasl

1-3 BRQ2 2024
AED 30,656 / m²
fromAED 2.6M
One CanalAHS Properties

One Canal

Al Wasl

5 BRQ2 2025
AED 28,815 / m²
fromAED 57.5M
Casa CanalAHS Properties

Casa Canal

Al Wasl

3-6 BRQ4 2025
AED 55,294 / m²
fromAED 24M
Mr C Residences DowntownAlta Real Estate Development

Mr C Residences Downtown

Al Wasl

2-4 BRQ1 2027
AED 37,179 / m²
fromAED 8.1M
Safa GateDamac Properties

Safa Gate

Al Wasl

1-2 BRQ4 2029
AED 28,826 / m²
fromAED 2.06M
Muraba VeilMURABA

Muraba Veil

Al Wasl

2-4 BRQ4 2028
AED 33,659 / m²
fromAED 12M
Safa One By DamacDamac Properties

Safa One By Damac

Al Wasl

1-4 BRQ4 2026
AED 27,297 / m²
fromAED 4.45M

Off-Plan Projects in Al Wasl by Bed Type

1 Bedroom·3 projects2 Bedrooms·6 projects3+ Bedrooms·7 projects

About Al Wasl

Al Wasl is one of Dubai's oldest central districts - a long residential strip running parallel to Sheikh Zayed Road between Downtown Dubai and Jumeirah, anchored by Al Wasl Road and City Walk. The area has matured into a mix of low- and mid-rise residential, branded retail (City Walk, Box Park) and lifestyle hospitality. Recent off-plan launches have pushed Al Wasl back onto investor radar. Pricing positions Al Wasl as central-premium product: apartments AED 2,200-3,000 per sqft, with villas commanding higher per-sqft rates due to scarce supply. Gross rental yields run 5.0-6.5% on apartments and 4.0-5.5% on villas - moderate by Dubai standards, but the location commands sustained premium tenant demand. The investment thesis is location-scarcity: between Downtown and Jumeirah Beach, walkable to City Walk lifestyle assets, with low-rise scarce inventory that cannot be replicated. Capital appreciation has been steady rather than spectacular - Al Wasl is a hold-and-collect rather than a velocity play.

  • Central Dubai strip between Downtown and Jumeirah Beach
  • Walkable to City Walk and Box Park lifestyle assets
  • Apartments AED 2,200-3,000 per sqft
  • Apartment yields 5-6.5%, villas 4-5.5%
  • Low-rise scarce inventory - irreplaceable location

Location & Connectivity - Al Wasl

  • Downtown Dubai5 min
  • City Walk3 min
  • DIFC8 min
  • Jumeirah Beach5 min
  • Dubai International Airport (DXB)15 min
Al Wasl area on Dubai map - Green Zone
HomeBase MapGreen Zone

Why Invest in Al Wasl

Gross rental yield
4-6.5%
Annual price growth
5-12%
Ownership
100% freehold
  • Between Downtown and Jumeirah Beach - irreplaceable location
  • Low-rise scarce inventory - limited supply growth
  • Walkable to City Walk and Burj Khalifa skyline
  • Sustained premium tenant demand
  • 100% freehold + Golden Visa above AED 2M

Indicative figures based on publicly available market data. Not a guarantee of returns or investment advice. Always verify with the developer and your own due diligence.

Price Guide - Al Wasl

Studio
from
AED 2.0M
1BR
from
AED 2.0M
2BR
from
AED 2.8M
3BR
from
AED 6.0M
4BR
from
AED 18M

Indicative starting prices from current off-plan inventory in Al Wasl. Actual prices depend on tower, floor, view and unit layout.

Top Developers in Al Wasl

AHS Properties·2 projectsDamac Properties·2 projectsH&H Development·1 projectMeydan Group·1 projectAlta Real Estate Development·1 projectMuraba·1 project

Frequently Asked Questions about Al Wasl

How many off-plan projects are currently available in Al Wasl?
There are 8 active off-plan projects in Al Wasl listed on HomeBase, from 6 developers.
What is the starting price for off-plan property in Al Wasl?
Off-plan units in Al Wasl currently start from AED 2.1M for studios. Prices vary by tower, floor, view and unit layout.
When is the next handover in Al Wasl?
The earliest scheduled handover in Al Wasl on HomeBase is 2024, with projects continuing through 2029.
Where is Al Wasl located in Dubai?
Al Wasl is centrally located in Dubai, within easy reach of Downtown Dubai (5 min), City Walk (3 min), DIFC (8 min).
What is the rental yield in Al Wasl?
Al Wasl delivers an indicative gross rental yield of 4-6.5% - among the more attractive ranges in central Dubai. Actual yield depends on unit type, finish level and short-vs-long-term rental strategy.
Can foreigners buy off-plan property in Al Wasl?
Yes. Al Wasl is a 100% freehold area, meaning buyers of any nationality can own property here outright. Purchases above AED 2 million also qualify the buyer for the UAE Golden Visa (10-year residency).
What payment plans are typical for Al Wasl off-plan?
Most developers in Al Wasl offer staged payment plans - commonly 60/40, 50/50, or 20/60/20 (down payment / during construction / on handover). Plans are typically interest-free and structured around construction milestones. Check each project page for the exact plan.
Who are the main developers active in Al Wasl?
Currently the most active developers in Al Wasl on HomeBase are AHS Properties, Damac Properties, H&H Development.

Other Top Areas in Dubai

City WalkDowntown DubaiJumeirahDubai Design District

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