Off-plan2025-05-30
The Rings is a residential development on the Dubai Water Canal, delivered across two buildings. Each building rises to basement level plus ground floor, five upper floors, and a roof level, making it a boutique low-rise project with a total of 13 units across both structures. Construction started in January 2024 with a targeted completion date of December 2025.
The structural system is reinforced concrete with block-work partitions, completed with internal and external finishes to developer specification. The two buildings share a consistent architectural language, designed to reflect the waterfront character of the Dubai Water Canal corridor. With only 13 residences across both towers, the development prioritises low-density living over volume.
The Rings is developed by Meraas, the Dubai-based developer responsible for several prominent mixed-use and residential districts across the city, including City Walk, La Mer, and Bluewaters Island. Meraas projects are registered and regulated under the Dubai Land Department, with escrow banking provided by Commercial Bank of Dubai for this project.
Pricing for available units starts at AED 87 million, with at least one unit listed at AED 94 million and another at AED 145 million, reflecting the ultra-prime positioning of the project. Buyers seeking property for sale in Dubai Water Canal can benefit from the development’s exclusive waterfront address, limited inventory, and strong long-term investment potential. The limited supply of 13 units total, combined with a prominent Dubai Water Canal location, supports long-term capital value. The project was approximately 12 percent complete as of the most recent DLD data, with handover targeted for Q4 2025.
The Dubai Water Canal links Business Bay to the Arabian Gulf, passing through Safa Park and Al Wasl. Residents benefit from direct canal frontage and proximity to Sheikh Zayed Road, providing fast access to Downtown Dubai, DIFC, and Dubai Marina. As a well-connected community in Dubai, the surrounding neighbourhood offers a balanced urban lifestyle with retail, dining, and cycling tracks along the canal promenade, enhancing its appeal for both residents and investors.
DLD-verified today
Real Dubai Land Department transactions and rent contracts — not developer marketing.
2 br · 224 sales analyzed
At the starting price of AED 87,000,000, typical rent for a 2 br in Dubai Water Canal (AED 217,500/year, ~AED 18,100/month) implies a 0.3% gross yield.
Based on 222 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.
Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.
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