- Sold from5 sales, 12 months · ADREC; cheapest: all 2-beds
- AED 2.98M≈ $811K
- Listed fromper propertyfinder.ae, 1 Oct 2026
- AED 2.6M
Price, payment plan and homes
Price per ADREC; listed price per propertyfinder.ae, 1 Oct 2026- Sold from
- AED 2.98M
- 5 sales, 12 months · ADREC; cheapest: all 2-bedsListed from AED 2.6M
- Bedrooms
- 2 bed to 4 bed
- 1,474 – 7,097 sqft
- Payment plan
- 10/20/70
- AED 260K to book
- Handover
- Was due Q3 2026
- 0% built per ADREC2 months on, not handed over yet
Homes and floor plans
FreeholdPick a home: the plan and the forecast follow it.
Payment plan · 2-bed apartment
On AED 2.6M- 10% at bookingAED 260K
- 20% during construction, until handover (was due Q3 2026)AED 520K
- 70% on handover (was due Q3 2026)AED 1.82M
Before the keys: AED 780K, 30% of the price.
Gefinor’s own file on propertyfinder.ae, checked 30 Sep 2026
Location · Al Reem Island · Abu Dhabi
High-density residential island next to the city centre and the largest apartment market in Abu Dhabi.
Forecast
What the 2-bed apartment could be worth
More in Al Reem Island
Compare side by sideAll projects in Al Reem Island
The in-depth review
Why it scores 60
Price per sqft vs registered sales
ADREC / DARIAED 1,682/sqft (est.)
The ADREC median for apartments in Al Reem Island is AED 1,821/sqft (as of 10 Nov 2026). This project's figure is our estimate from the listed prices and unit sizes, so no gap is shown here; the score's price factor reads it at half weight, capped at 70. The gap appears once the register shows ten of this project's own sales or the developer states a price per sqft.
How the 60 was scored
8 of 8 factors · 100% of the weight · 10 Nov 2026- 01Price against what buyers actually paidAssessed · weight 25
- 02Developer track recordAssessed · weight 20
- 03Payment planAssessed · weight 10
- 04Location and infrastructureAssessed · weight 15
- 05How big the resale market isAssessed · weight 10
- 06Construction on scheduleAssessed · weight 15
- 07How much is still being built nearbyAssessed · weight 5
- 08The basics on fileAssessed · weight 0
How each factor was measured
Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.
- Price against what buyers actually paid
- Our estimate from its typical home, against the median of 2,176 developer sales in Al Reem Island · ADREC
- Developer track record
- Our rating and 1 projects on the ADREC register
- Payment plan
- 10% down · 20% during construction · 70% on handover
- Location and infrastructure
- Our rating of Al Reem Island, and 4 kinds of places measured from the pin · OpenStreetMap
- How big the resale market is
- 1,367 resales of finished apartments in Al Reem Island in 12 months · ADREC
- Construction on schedule
- 0% built on the ADREC register, handover Q3 2026
- How much is still being built nearby
- 6,599 homes sold in Al Reem Island in 12 months, 72% off-plan · ADREC
- The basics on file
- Registration or escrow number on file · ADREC
Confidence low: the price figure is our estimate from the price and size of the typical home, not a registered or stated price.
Unchanged since the first scoreScored since 24 Sep 2026 · 0 score changes
Capped at 60: a project's weighted average sits at most 15 above its developer's track record of 40, so at 55, which is 60 on the Rendr scale. The factors alone give 64.
Not ranked: it was due Q3 2026 and ADREC shows no off-plan sale under its name since, so the ranking leaves it out until the register shows one.
The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.
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The full breakdown behind the 60
Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,673 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.
- The 5 registered sales here: date, size and price paid
- All 8 factor scores, with the figure and source behind each
- Gefinor's ADREC record: 1 project, 0 past their date
- Score history since 24 Sep 2026 and why each move happened
- Rent, a mortgage and fees in the forecast, year by year
See what buyers paid at Canal by M, and everything behind the 60.
- Projects scored
- 1,673
- projects scored
- Factors
- 8
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Was due Q3 2026
Still listed as on sale · 0% built, ADREC's project register, 24 Sep 2026
What this means
Canal by M was due to hand over in Q3 2026 and is still listed as launched. Construction is 0% complete according to ADREC's project register (24 Sep 2026). Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.
ADREC registration status
Verified 1 Oct 2026- Project registration20240000278350
- Escrow accountNot published yet
- Developer licenceNot published yet
Where the figures come from
Check it on dari.ae. How to read the ADREC register.
Figures from propertyfinder.ae, read 1 Oct 2026, last verified 1 Oct 2026. Construction figure from ADREC's project register, 24 Sep 2026.
Before you pay: four things to check
1The escrow account
We hold no escrow account number. Ask the developer for it, and check it on dari.ae before paying.2The handover date
It was due Q3 2026 and is still listed as launched. Ask for the new date in the sales agreement.3Today's price list
AED 2,600,000 is a starting price from propertyfinder.ae, 1 Oct 2026. Ask for the unit's own price.4The instalment dates
10% at booking, 20% during construction, 70% at handover. Ask for each payment's date and amount.
About
Canal by M is Gefinor's apartment tower in Al Reem Island, Abu Dhabi, with two and three-bedroom apartments from about 1,474 to 2,622 sq ft, three-bedroom townhouses from about 3,094 to 3,312 sq ft and four-bedroom penthouses from about 7,097 sq ft.
Read more
The project is registered in Abu Dhabi as 20240000278350 and stood at 0% built at the register's last reading (2026-09-24).
- Developer
- Gefinor
- Area
- Al Reem Island
- Status
- Launched
- Ownership
- Freehold
Amenities
- Indoor Swimming Pool
- Landscaped Gardens
- CCTV Security
- Gymnasium
- Children's Play Area
- Barbecue Area
- Covered Parking
What’s nearby
straight-line distance- Beach40 m
- Supermarket or mall150 m
- Hospital or clinic430 m
- School990 m
The nearest of each on OpenStreetMap, Sep 2026.
Rental yield nearby
gross, apartments5.8% in Al Reem Island. The median across the register's average rents and sale prices by layout.
Before service charges, fees and empty periods; our arithmetic on ADREC / DARI figures for Q3 2026. The working
Canal by M: questions buyers ask
How much does Canal by M cost?
Registered sales at Canal by M start from AED 2,980,000 (about $811K): the cheapest tenth of 5 sales by the developer (all 2-beds), Nov 2025–Jul 2026, per ADREC. It is listed from AED 2,600,000, per propertyfinder.ae on 1 Oct 2026.
What is the price per sqft at Canal by M?
The asking price is around AED 1,682 per sqft, our estimate from the listed prices and unit sizes.
When is the Canal by M handover date?
Canal by M was due to hand over in Q3 2026 and is still listed as launched, 0% built according to ADREC's project register.
What is the Canal by M payment plan?
Canal by M is offered on a 10/20/70 plan: 10% on booking, 20% during construction and 70% at handover.
What is the Rendr Score of Canal by M?
Canal by M scores 60 of 100 on the Rendr Score, fair, as of 10 Nov 2026; 8 of its 8 factors are assessed, 100% of the weight.
What rental yield do apartments in Al Reem Island make?
About 5.8% gross for apartments in Al Reem Island, worked out from ADREC's own figures: ADREC's average annual rent against its average sale price, Q3 2026, the median across 6 layouts, each confirmed by the register's finished-home sales, before service charges and fees.
Who is the developer of Canal by M?
Canal by M is being developed by Gefinor. It sits in Al Reem Island, Abu Dhabi.
Is Canal by M registered with ADREC?
Canal by M is registered with the Abu Dhabi Real Estate Centre (ADREC) under number 20240000278350. Check it at dari.ae before you pay.
Changes
Listed 24 Sep 2026 · 1 change since, last 24 Sep 2026
Payment plan stated: 10/20/70
Source: propertyfinder.ae, read 24 Sep 2026
Listed on the site
Source: propertyfinder.ae, read 24 Sep 2026