Prestige One in Dubai: Luxury Canal Residences and the developer's other projects for an Indian buyer
Prestige One is the developer Orven highlights first in Dubai, with seven verified projects. Why Luxury Canal Residences, on Dubai Islands, is a strong starting point for an Indian buyer, and how the Liberalised Remittance Scheme fits into a reservation from India.
A waterfront address many Indian buyers already know by reputation
Dubai Islands has become one of the most requested addresses among Indian buyers who contact Orven, thanks to word of mouth within a community that already has a strong presence in Dubai. Luxury Canal Residences, developed by Prestige One on that address, offers one- to three-bedroom residences and penthouses shaped around canal views, an option our advisers show early to buyers coming from Mumbai, Delhi or Bengaluru.
The seven Prestige One projects
| Project | District | Unit types | Payment plan |
|---|---|---|---|
| Luxury Canal Residences | Dubai Islands | 1 to 3 bedrooms + penthouses | 20% booking, 45% construction, 35% handover |
| Hilton Residences | Dubai Maritime City | 1 to 3 bedrooms + penthouses | 20% booking, 40% construction, 40% handover |
| Coastal Haven | Dubai Islands | 1 to 3 bedrooms + penthouses | 20% booking, 80% handover |
| FAUCHON Résidences | Jumeirah Garden City | Studios and 1 to 3 bedrooms | 20% booking, 40% construction, 40% handover |
| Sanctuary Residences | Meydan Horizon | 1 to 3 bedrooms | 20% booking, 45% construction, 35% handover |
| Golf Residences | Dubai Sports City | 2 and 3 bedrooms | 20% booking, 20% construction, 60% handover |
| The Waterway by Prestige One | Meydan Horizon | 1 and 2 bedrooms | On request |
Our full Prestige One developer profile covers all seven, without any company-level figures: no founding year, no count of units delivered by the developer.
What Luxury Canal Residences offers
The project sits on Dubai Islands, 16 minutes from the airport and 25 minutes from Downtown Dubai, alongside its sister project Coastal Haven. Published amenities include an infinity pool, a wellness area, a fitness centre, a residents' lounge and a children's adventure zone. The payment plan is 20% at reservation, 45% during construction and 35% at handover. No rental yield has been published: any figure quoted elsewhere is an illustration, not a developer commitment. Our Luxury Canal Residences project guide and our Dubai Islands district guide cover both the project and its neighbours in detail.
Comparing it to Coastal Haven, next door
The two Dubai Islands projects share a district but differ on the schedule: Coastal Haven confirms a simpler 20/80 plan, while Luxury Canal Residences spreads the balance across three stages. Our guide comparing Coastal Haven and Luxury Canal Residences sets both side by side on facts only, quarter by quarter, with no ranking implied.
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The other five projects, if your priorities differ
A buyer who wants the Hilton name for the reassurance a hotel brand provides will look at Hilton Residences, with the same 20/45/35-adjacent structure available at 20/40/40. A family targeting two- and three-bedroom homes only will compare Golf Residences, at Dubai Sports City. The Waterway remains the only project in the range without a published schedule at this stage.
Reserving from India, and the Liberalised Remittance Scheme
- Send your budget and preferred unit type on WhatsApp to +971 52 776 1939 or to sales@orvenproperties.com.
- Your Orven adviser replies with currently available units at Luxury Canal Residences and the exact schedule for the active sales phase.
- The reservation form and sale agreement are signed electronically, with a copy of your passport.
- The reservation payment is wired to the project's escrow account, held at a UAE bank under Dubai Land Department control, typically through your bank's outward remittance process for overseas real estate.
- Oqood registration follows, and you track construction remotely through the DLD's Project Status Enquiry service.
An outward transfer of this kind from India is generally made under the Reserve Bank of India's Liberalised Remittance Scheme, which sets the framework banks apply to this type of payment. Confirm with your bank, before initiating the transfer, the documentation and declarations it requires under that scheme.
What to confirm with your own adviser
- The Liberalised Remittance Scheme conditions applicable to your transfer, and any declaration required for an overseas property purchase: confirm directly with your bank.
- Indian tax treatment of rental income earned in Dubai and of any future resale gain: the UAE applies no personal tax on either.
- The exact cancellation terms and final payment schedule written into your sale agreement, which override any earlier estimate.
Before you commit
Our guide to buying property in Dubai from India covers the full process, remittance scheme included. The five questions to ask before signing in Dubai is worth reading before any reservation.
Send your budget on WhatsApp at +971 52 776 1939 or to sales@orvenproperties.com. An adviser replies with the Luxury Canal Residences units currently available, their price of the day and the exact payment schedule.
FAQ
Why is Luxury Canal Residences a strong first option for an Indian buyer? The Dubai Islands address is already well known within the Indian buyer community, and the 20/45/35 plan is published and easy to follow. The other six Prestige One projects remain valid depending on your budget and district preference.
Does the Liberalised Remittance Scheme apply to this purchase? An outward transfer of this kind from India is generally handled under the RBI's Liberalised Remittance Scheme. Confirm the exact conditions and documentation with your bank before wiring funds.
How does Luxury Canal Residences compare to Coastal Haven? Both sit on Dubai Islands. Coastal Haven confirms a simpler 20/80 payment plan; Luxury Canal Residences spreads the balance across three stages, 45% during construction and 35% at handover.
Do I need to travel to Dubai to reserve at Luxury Canal Residences? No. Reservation, electronic signature and the wire transfer to the escrow account are all completed remotely from India.
Is rental income from a Luxury Canal Residences unit taxed in the UAE? Not at the individual level. Indian tax on income earned abroad may still apply: confirm with your own tax adviser.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Frequently asked questions
Why is Luxury Canal Residences a strong first option for an Indian buyer?
The Dubai Islands address is already well known within the Indian buyer community, and the 20/45/35 plan is published and easy to follow. The other six Prestige One projects remain valid depending on your budget and district preference.
Does the Liberalised Remittance Scheme apply to this purchase?
An outward transfer of this kind from India is generally handled under the RBI's Liberalised Remittance Scheme. Confirm the exact conditions and documentation with your bank before wiring funds.
How does Luxury Canal Residences compare to Coastal Haven?
Both sit on Dubai Islands. Coastal Haven confirms a simpler 20/80 payment plan; Luxury Canal Residences spreads the balance across three stages, 45% during construction and 35% at handover.
Do I need to travel to Dubai to reserve at Luxury Canal Residences?
No. Reservation, electronic signature and the wire transfer to the escrow account are all completed remotely from India.
Is rental income from a Luxury Canal Residences unit taxed in the UAE?
Not at the individual level. Indian tax on income earned abroad may still apply: confirm with your own tax adviser.
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