- From
- AED 2.6M
- ≈ $708K
- Handover
- Q3 2026
- 0% built
- Homes
- 2 bed to 4 bed
- 1,474 – 7,097 sqft
Price per sqft vs registered sales
ADREC / DARIAED 1,122/sqft (est.)
The ADREC median for apartments in Al Reem Island is AED 1,806/sqft (as of 21 Sep 2026). This project's figure is our estimate from the starting price and the smallest unit, so it is not compared: the gap appears once the register shows this project's own sales or the developer states a price per sqft.
How the 55 was scored
5 of 7 factors · 85% of the weight · 24 Sep 2026- Price against what buyers actually paidAssessed · weight 25
- Developer track recordAssessed · weight 20
- Payment planAssessed · weight 15
- Location and infrastructureAssessed · weight 15
- How easy it is to sell laterAssessed · weight 10
- Construction on scheduleNot assessed · weight 10
- The basics on fileNot assessed · weight 5
Unchanged since the first scoreScored since 24 Sep 2026 · 0 changes
Capped at 55: a project scores at most 15 above its developer's rating of 40. The factors alone give 69.
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 working behind the 55
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- Projects covered
- 1,540
- projects covered
- Factors
- 7
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Q3 2026
Launched · 0% built, ADREC's project register, 24 Sep 2026
What this means
Canal by M is due to hand over in Q3 2026. 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.
Payment plan
10/20/70
- Down payment
- 10%
- During construction
- 20%
- On handover
- 70%
What you’d pay and when
On the starting price of AED 2,600,000, as the plan splits it.
- 10% at bookingAED 260,000≈ $70.8K
- 20% during construction, until handover (Q3 2026)AED 520,000≈ $142K
- 70% on handover (Q3 2026)AED 1,820,000≈ $496K
A unit’s own price, its instalment dates and any fees are in the developer’s sales agreement; confirm them there before paying anything.
Unit types
from AED 2.6M2 bed
1,474 – 1,764 sqft
3 bed
2,168 – 3,312 sqft
4 bed
from 7,097 sqft
Apartment, Townhouse · Freehold
Full table
| Type | Bedrooms | Size (sqft) | Price | Per sqft |
|---|---|---|---|---|
| Apartment | 2 bed | 1,474 – 1,764 | AED 2.6M | AED 1,764 |
| Apartment | 3 bed | 2,168 – 2,622 | AED 3.95M | AED 1,822 |
| Penthouse | 4 bed | from 7,097 | AED 7.96M | AED 1,122 |
| Townhouse | 3 bed | 3,094 – 3,312 | AED 4.95M | AED 1,600 |
ADREC registration status
- Project registration20240000278350
- Escrow accountNot published yet
- Developer licenceNot published yet
Where the figures come from, and what escrow means
Canal by M is registered with the Abu Dhabi Real Estate Centre (ADREC) under project number 20240000278350. An escrow account is a regulated account the developer cannot draw on freely: your payments go in and are released as building progresses. Escrow accounts and project registrations are published by the Abu Dhabi Real Estate Centre (ADREC) on dari.ae. Always check them, and pay into the escrow account only, before handing over a deposit. How to read the ADREC register.
Figures from propertyfinder.ae (propertyfinder.ae/en/new-projects/gefinor-limited/canal-by-m), read 2026-09-24; found in the Abu Dhabi web sweep, matched to ADREC 20240000278350. Construction figure from ADREC's project register, 24 Sep 2026.
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
Prices start at AED 2,600,000 on a 10% booking, 20% during construction and 70% on handover plan, with handover listed for the third quarter of 2026. The project is registered in Abu Dhabi as 20240000278350 and stood at 0% built at the register's last reading (2026-09-24).
The figures here are the starting price and plan as published for the project. Confirm the price, unit availability and service charge with the developer before committing.
- Gefinor apartment tower in Al Reem Island
- Two and three-bedroom apartments from 1,474 sq ft, townhouses and penthouses
- 10/20/70 payment plan
- Handover Q3 2026
- 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
Al Reem Island · Abu Dhabi
High-density residential island next to the city centre and the largest apartment market in Abu Dhabi.
More in Al Reem Island
Compare side by sideAll projects in Al Reem Island
Canal by M: questions buyers ask
How much does Canal by M cost?
Prices at Canal by M start from AED 2,600,000 (about $708K) for 2-bedroom, 3-bedroom and 4-bedroom homes. Asking prices come from the developer and change without notice.
What is the price per sqft at Canal by M?
The asking price is around AED 1,122 per sqft, our estimate from the starting price and the unit sizes rather than a figure the developer has stated. Per-sqft prices vary by floor, view and finish within one building.
When is the Canal by M handover date?
Canal by M is expected to hand over in Q3 2026. The project is launched, 0% built according to ADREC's project register. Handover dates are the developer's own estimate and off-plan projects can move, so confirm the current date in writing before you pay anything.
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. Developers change plans between phases, so confirm yours before signing.
What is the Rendr Score of Canal by M?
Canal by M scores 55 of 100 on the Rendr Score, fair, as of 24 Sep 2026. The score weighs seven factors: the price against what buyers paid in Al Reem Island according to ADREC, the developer's record, the payment plan, location, resale, construction progress and the paperwork on file; 5 of the 7 are assessed here, 85% of the weight. Our opinion, not investment advice; every input is on this page.
Who is the developer of Canal by M?
Canal by M is being developed by Gefinor. It sits in Al Reem Island, Abu Dhabi. You can see every project by Gefinor we list, and how their asking prices compare with registered sales, on their page.
Can foreigners buy at Canal by M?
Canal by M is in a freehold area, so buyers of any nationality can own a home here outright rather than on a lease. Abu Dhabi sets which zones are freehold; confirm the title type on your own unit's contract before paying.
Is Canal by M registered with ADREC?
Canal by M is registered with the Abu Dhabi Real Estate Centre (ADREC) under number 20240000278350. Every off-plan project must be registered and sell through an escrow account, where the money is released as building progresses. Check both at dari.ae before you pay.
Changes
Listed 24 Sep 2026 · 1 change since, last 24 Sep 2026
Payment plan changed to 10/20/70
Source: propertyfinder.ae (propertyfinder.ae/en/new-projects/gefinor-limited/canal-by-m), read 2026-09-24; found in the Abu Dhabi web sweep, matched to ADREC 20240000278350
Listed on the site
Source: propertyfinder.ae (propertyfinder.ae/en/new-projects/gefinor-limited/canal-by-m), read 2026-09-24; found in the Abu Dhabi web sweep, matched to ADREC 20240000278350
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