The Derby Residence 3 rents
- 19 new leases and 35 renewals in 12 months
- 60 units
- Meydan
- near Business Bay Metro Station
A two-bed here leases for about AED 110,769 a year, 25% below the typical Meydan two-bed. New tenants pay more than renewing ones, who pay AED 102,638.
2 bed · typical new lease
110,769AEDa year
AED 86/sqft · +0.7% on a year
- A month, roughly
- AED 9,231
- Renewal
- AED 102,638
- vs Meydan 2 bed
- 25% below the median
- New leases, 12 months
- 11
What should a lease in The Derby Residence 3 cost?A two-bed leases for about AED 110,769 a year; new tenants pay 7.9% more than renewing ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Meydan median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A two-bed here now costs 0.7% more than a year earlier: AED 110,769 against 110,000.
Chart data, 2 bed: Nov 2021, AED 82,500; latest, Jul 2026, AED 105,000; peak, May 2026, AED 136,000.
36 contracts starting on or after 12 Oct 2025.
About The Derby Residence 3A 6-floor tower in Meydan, a 13-minute drive from DIFC
The Derby Residence 3 is an apartment building completed in 2015 in Meydan. 54 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 6
- Lifts
- 2
- Parking bays
- 30
Drive times · typical
- Downtown
- 16 min · 11 km
- DXB Airport
- 15 min · 16 km
- DIFC
- 13 min · 15 km
- Dubai Marina
- 22 min · 24 km
- Palm Jumeirah
- 28 min · 29 km
Nearest, as registered
- Metro
- Business Bay Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in The Derby Residence 3?90% of units here signed a yearly lease in 12 months, above the Meydan median; new tenants pay more than renewing ones
- Units on a yearly lease
- 90%Strength
- Meydan median 35%; top tenth from 88%
- New tenant vs renewal
- +16.7%
- New leases AED 105,000, renewals 90,000, all types
Ejari leases to 12 Oct 2026
Comparables in Meydan
Every Meydan building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. The Derby Residence 3 places 42nd of 43; the nearest 5 are shown.
Rank 1 is the dearest per square foot. Differences are against The Derby Residence 3.
At 2 bed, The Derby Residence 3 ranks 36th of 38 by rent per square foot in Meydan.
Market context in Meydan
Registered sales activity
173 ready apartment sales in the 12 months to 2026-10-12.
+9.3% in median AED/sqft versus the preceding year, supported by 173 current and 234 prior price observations.
Explore sales activityPlanned apartment projects
88 known registered units across 2 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 0 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
316 apartments are planned in Meydan from 2026 to 2028, equal to 17% of the 1,848 homes let there today.
New-lease rents fell in 47% of 15 buildings (counted once per bedroom type) with leases in both years; the typical one moved 0.0%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in Meydan
Prices per sq ft around The Derby Residence 3, on the mapPrices per sq ft around The Derby Residence 3, on the map
The Polo Residence - D4
Meydan · 198 contracts, 12 months
85,000
AED a year median · 94/sqft
The Polo Residence - A2
Meydan · 198 contracts, 12 months
85,000
AED a year median · 94/sqft
The Polo Residence - A3
Meydan · 198 contracts, 12 months
85,000
AED a year median · 94/sqft
The Polo Residence - A4
Meydan · 198 contracts, 12 months
85,000
AED a year median · 94/sqft
Ask about The Derby Residence 3
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Common questions
- What is the registered annual rent for a 2 bedroom in The Derby Residence 3?
- The median new annual rent is AED 110,769, from 11 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in The Derby Residence 3 risen or fallen?
- The median new annual rent changed +0.7% in the trailing 12 months against the previous 12, using 11 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in The Derby Residence 3 pay more than sitting ones?
- A new tenant pays +7.9% against a renewing one, across 13 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in The Derby Residence 3?
- 2 sales were registered with the Dubai Land Department in the last 12 months, alongside 11 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to The Derby Residence 3?
- Business Bay Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
For agents
Send this page to a client as a branded report
The Derby Residence 3 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 11 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /rent/apartments/dubai/meydan/the-derby-residence-3
Cite as: Dubai Wealth Index. “The Derby Residence 3 rents and yield.” Meydan, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/meydan/the-derby-residence-3
Stable dataJSON