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The Spirit

A studio in The Spirit costs a median AED 600,000, rents long-let for AED 45,000/yr (7.76% gross), and returns 15.62% short-let at the assumed 80% occupancy — -1.1 pts vs Dubai Sports City's 8.89% and +0.8 pts vs Dubai's 6.98% — from 39 sales and 158 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · Studio
16 in 12 months
Rental contracts · Studio
66 in 12 months
Buy
600,000AED
AED 1,035/sqft
Long-let
45,000AED
AED 115/sqft · 7.76%
Short-let
15.62%
AED 411/night · 0.91/sqft

Price per sqft: Median of 6 registered sales of ready units in the last 6 months, most recent August 2026.

Priced off 3 sales in the last 3 months.

Yield spread
-1.1 pts
vs the Dubai Sports City median for this unit type
Turnover upside
+19.5%
new tenants pay more than sitting ones — 336 renewals
AED/yr/sqft
AED 115
Sales
39
Rental contracts
158
Renewal rent
AED 37,643/yr
12 months
+0.0%
3 years
+25.0%+7.7%/yr

Based on 39 sales and 158 rental contracts in the last 24 months.

The Spirit is an apartment building in Dubai Sports City, Dubai. The closest metro station is Nakheel Metro Station, the nearest mall Marina Mall and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2015 to 2026, 736 registered sales in all — the 39 in the last 24 months are what every median above is computed from.

Rents by bedroom type

TypeMedian rentAED/yr/sqftYieldContracts
StudioAED 45,0001157.76%
-1.1 pts
158
1 bedAED 65,000858.84%
+0.5 pts
31

Deltas compare each yield with the Dubai Sports City 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 The Spirit

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”.
TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
Studio500m4110.91AED 93,696AED 45,0002.1×15.62%8+
1 bed500m4580.61AED 100,415AED 65,0001.5×12.55%24+

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.

1 bed: first Oct 2026, 0.48 AED/night/sqft; latest Sep 2027, 0.45 AED/night/sqft; peak Nov 2026, 0.86 AED/night/sqft.

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 The Spirit itself had too few listings of that type to measure.

Recent transactions

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

20 resales in the last 12 months, against 25 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
7 Aug 2026Studio560AED 580,0001,035
27 Jul 2026Studio321AED 500,0001,559
2 Jun 2026Studio623AED 601,268965

3 resales in the last 3 months.

Rental contracts

StartTypeSqftAnnual rentAED/sqftContract
15 Oct 20261 bed795AED 63,00079Renewal
5 Sept 20261 bed749AED 66,00088Renewal
1 Sept 20261 bed802AED 57,33072Renewal
1 Sept 2026Studio574AED 50,00087Renewal
27 Aug 2026Studio371AED 42,000113New
21 Aug 2026Studio325AED 42,000129Renewal
21 Aug 2026Studio332AED 37,000112New
20 Aug 2026Studio399AED 48,000120Renewal
19 Aug 2026Studio372AED 36,00097New
17 Aug 2026Studio372AED 36,00097New
15 Aug 2026Studio560AED 53,00095Renewal
14 Aug 2026Studio321AED 36,000112New
11 Aug 20261 bed795AED 67,00084Renewal
10 Aug 20261 bed745AED 55,90275Renewal
10 Aug 20261 bed810AED 57,00070New
9 Aug 2026Studio572AED 50,71589Renewal
6 Aug 2026Studio372AED 35,00094New
3 Aug 20261 bed802AED 58,00072New
2 Aug 2026Studio635AED 41,58865Renewal
2 Aug 2026Studio509AED 48,30095Renewal
2 Aug 2026Studio330AED 39,690120Renewal
1 Aug 20261 bed752AED 65,00086Renewal
1 Aug 20261 bed752AED 65,00086Renewal
1 Aug 20261 bed795AED 65,00082Renewal
1 Aug 20261 bed749AED 70,00093Renewal
1 Aug 2026Studio330AED 45,000137Renewal
1 Aug 2026Studio325AED 35,000108New
1 Aug 2026Studio330AED 42,000127New
31 Jul 2026Studio321AED 37,000115New
31 Jul 2026Studio325AED 36,000111Renewal
31 Jul 2026Studio287AED 35,000122New
29 Jul 20261 bed802AED 56,03070Renewal
21 Jul 20261 bed752AED 60,09580Renewal
19 Jul 2026Studio514AED 45,15088Renewal
15 Jul 2026Studio371AED 38,000103New
15 Jul 2026Studio372AED 41,000110Renewal
12 Jul 2026Studio330AED 36,750112Renewal
1 Jul 2026Studio330AED 42,000127New
1 Jul 2026Studio321AED 41,000128Renewal
26 Jun 2026Studio321AED 35,000109New
26 Jun 2026Studio371AED 38,588104Renewal
26 Jun 2026Studio636AED 52,00082Renewal
25 Jun 2026Studio514AED 38,35475Renewal
22 Jun 2026Studio560AED 53,00095New
20 Jun 2026Studio325AED 34,000105New
18 Jun 2026Studio398AED 37,00093New
15 Jun 2026Studio325AED 36,255111Renewal
12 Jun 2026Studio371AED 36,75099Renewal
10 Jun 20261 bed795AED 65,00082New
3 Jun 20261 bed795AED 51,00064Renewal
2 Jun 2026Studio399AED 39,690100Renewal
2 Jun 2026Studio332AED 42,000127Renewal
1 Jun 2026Studio560AED 45,00080New
1 Jun 2026Studio372AED 34,30492Renewal
1 Jun 2026Studio632AED 51,00081New
30 May 2026Studio398AED 37,04493Renewal
30 May 2026Studio399AED 45,000113Renewal
30 May 2026Studio416AED 43,000103Renewal
30 May 2026Studio321AED 42,000131Renewal
28 May 20261 bed802AED 60,09375Renewal

Showing the 60 most recent of 61 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

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
19
Flats
386

Nearby

Metro
Nakheel Metro Station
Mall
Marina Mall
Landmark
Sports City Swimming Academy

Compare with nearby buildings

The most-traded buildings in Dubai Sports City, on the same figures over the same window.

Common questions

What is the rental yield in The Spirit?
The Spirit returns 7.76% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 158 rental contracts registered in the last 24 months.
How much does a studio in The Spirit cost?
The median registered sale price is AED 600,000 (1,326 AED/sqft), from 39 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in The Spirit selling for right now?
Registered sales of ready units in The Spirit over the last 6 months have a median of 1,035 AED/sqft, across 6 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 The Spirit risen or fallen?
Median price per square foot moved -20.3% over the last 12 months against the 12 before it, on 39 registered sales. On a sample this size, read the direction rather than the exact figure.
How does The Spirit compare with Dubai Sports City?
Its 7.76% gross yield sits -1.1 pts against the Dubai Sports City median of 8.89%, computed at the same bedroom grain over the same 24-month window.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

The Spirit rental record

Record type
Building-level property market record
Data date
Evidence base
158 registered rental contracts in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
Canonical record
/rent/apartments/dubai/dubai-sports-city/the-spirit
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “The Spirit rents and yield.” Dubai Sports City, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/dubai-sports-city/the-spirit.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.