What is the rental yield in Island Park I?

Island Park I returns 6.15% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 27 rental contracts registered in the last 24 months.

How much does a 2 bedroom in Island Park I cost?

The median registered sale price is AED 2.46M (2,198 AED/sqft), from 66 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Island Park I selling for right now?

Registered sales of ready units in Island Park I over the last 12 months have a median of 2,348 AED/sqft, across 16 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Island Park I risen or fallen?

Median price per square foot moved +8.8% over the last 12 months against the 12 before it, on 66 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Island Park I compare with Dubai Creek Harbour?

Its 6.15% gross yield sits +0.7 pts against the Dubai Creek Harbour median of 5.46%, computed at the same bedroom grain over the same 24-month window.

Island Park I — rental prices & yield | Dubai Creek Harbour, Dubai

Buy: 2.46MAED; AED 2,348/sqft
Long-let: 160,000AED; AED 147/sqft · 6.15%
Short-let: 8.89%; AED 962/night · 0.86/sqft

Price per sqft: Median of 16 registered sales of ready units in the last 12 months, most recent April 2026.

Priced off the last 5 sales — most recent April 2026.

Yield spread: +0.7 pts; vs the Dubai Creek Harbour median for this unit type
AED/yr/sqft: AED 147
Sales: 66
Rental contracts: 27
Renewal rent: AED 135,867/yr

12 months: +1.6%

Based on 66 sales and 27 rental contracts in the last 24 months.

Island Park I is an apartment building in Dubai Creek Harbour, Dubai. The closest metro station is Creek Metro Station, the nearest mall City Centre Mirdif and the nearest landmark Dubai International Airport. Land Department records for it run from 2018 to 2026, 518 registered sales in all — the 66 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in Island Park I, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
1 bed	AED 100,000	137	5.56% -0.2 pts	6
2 bed	AED 160,000	147	6.15% +0.7 pts	27
3 bed	AED 250,000	149	6.19% +0.5 pts	10

Deltas compare each yield with the Dubai Creek Harbour median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Island Park I

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed	868	1.19	AED 201,930	AED 100,000	2.0×	11.22%	2+
2 bed500m	962	0.86	AED 218,592	AED 160,000	1.4×	8.89%	19+
3 bed500m	1,064	0.61	AED 232,989	AED 250,000	0.9×	6.21%	5+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Island Park I itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

38 resales in the last 12 months, against 81 a year on average over 2019–2025.

Sales

Nothing registered in the last 3 months. Try a wider window.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
26 Aug 2026	1 bed	728	AED 88,000	121	New
25 Aug 2026	2 bed	1,092	AED 135,867	124	Renewal
20 Aug 2026	1 bed	728	AED 40,000	55	New
19 Jul 2026	2 bed	1,085	AED 180,000	166	New
16 Jul 2026	3 bed	2,017	AED 330,000	164	New
15 Jul 2026	3 bed	1,643	AED 210,000	128	New
1 Jun 2026	1 bed	728	AED 90,000	124	New

7 contracts starting on or after 26 May 2026.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 13
Lifts: 4
Parking bays: 215
Swimming pools: 1

Nearby

Metro: Creek Metro Station
Mall: City Centre Mirdif
Landmark: Dubai International Airport

Compare with nearby buildings

The most-traded buildings in Dubai Creek Harbour, on the same figures over the same window.

Highest rental yields in Dubai Creek Harbour · Island Park I places 19th of 86

The Dubai Creek Residences - South Tower 3 · 4.90%
The Dubai Creek Residences - North Tower 1 · 4.84%
The Dubai Creek Residences - North Podium · 4.46%
The Dubai Creek Residences - South Tower 1 · 4.87%
The Dubai Creek Residences - South Podium · 3.22%
The Dubai Creek Residences - South Tower 2 · 4.97%
The Dubai Creek Residences - North Tower 2 · 8.10%
The Dubai Creek Residences - North Tower 3 · 2.95%

Common questions

What is the rental yield in Island Park I?: Island Park I returns 6.15% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 27 rental contracts registered in the last 24 months.
How much does a 2 bedroom in Island Park I cost?: The median registered sale price is AED 2.46M (2,198 AED/sqft), from 66 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Island Park I selling for right now?: Registered sales of ready units in Island Park I over the last 12 months have a median of 2,348 AED/sqft, across 16 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Island Park I risen or fallen?: Median price per square foot moved +8.8% over the last 12 months against the 12 before it, on 66 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Island Park I compare with Dubai Creek Harbour?: Its 6.15% gross yield sits +0.7 pts against the Dubai Creek Harbour median of 5.46%, computed at the same bedroom grain over the same 24-month window.

Island Park I