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Afnan 1

A 1 bed in Afnan 1 costs a median AED 730,000, rents long-let for AED 64,826/yr (7.86% gross), and returns 16.08% short-let at the assumed 80% occupancy — -0.0 pts vs Production City's 7.87% and +0.9 pts vs Dubai's 6.98% — from 23 sales and 243 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · 1 bed
8 in 12 months
Rental contracts · 1 bed
112 in 12 months
Buy
730,000AED
AED 1,205/sqft
Long-let
64,826AED
AED 96/sqft · 7.86%
Short-let
16.08%
AED 519/night · 0.81/sqft

Price per sqft: Median of 8 registered sales of ready units in the last 12 months, most recent August 2026.

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

Yield spread
-0.0 pts
vs the Production City median for this unit type
Turnover upside
+20.0%
new tenants pay more than sitting ones — 183 renewals
AED/yr/sqft
AED 96
Sales
23
Rental contracts
243
Renewal rent
AED 54,018/yr
12 months
+3.2%
3 years
+41.3%+12.2%/yr

Based on 23 sales and 243 rental contracts in the last 24 months. Rental data covers the whole Midtown - Afnan project, not this tower alone.

Afnan 1 is an apartment building in Production City, Dubai, one of the towers in the Midtown - Afnan development. The closest metro station is Harbour Tower, the nearest mall Ibn-e-Battuta Mall and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2015 to 2026, 520 registered sales in all — the 23 in the last 24 months are what every median above is computed from.

Rents by bedroom type

TypeMedian rentAED/yr/sqftYieldContracts
StudioAED 45,0001068.57%
+0.1 pts
82
1 bedAED 64,826967.86%
-0.0 pts
243
2 bedAED 90,000869.05%
+1.7 pts
69

Deltas compare each yield with the Production 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 Afnan 1

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
1 bed5190.81AED 117,362AED 64,8261.8×16.08%2+

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, 0.75 AED/night/sqft; latest Aug 2027, 0.66 AED/night/sqft; peak Jan 2027, 1.44 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.

Recent transactions

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

14 resales in the last 12 months, against 21 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
13 Aug 20261 bed710AED 825,0001,162

1 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro
Harbour Tower
Mall
Ibn-e-Battuta Mall
Landmark
Sports City Swimming Academy

Compare with nearby buildings

The most-traded buildings in Midtown - Afnan, on the same figures over the same window.

Common questions

What is the rental yield in Afnan 1?
Afnan 1 returns 7.86% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 243 rental contracts registered in the last 24 months.
How much does a 1 bedroom in Afnan 1 cost?
The median registered sale price is AED 730,000 (1,145 AED/sqft), from 23 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Afnan 1 selling for right now?
Registered sales of ready units in Afnan 1 over the last 12 months have a median of 1,205 AED/sqft, across 8 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 Afnan 1 risen or fallen?
Median price per square foot moved +8.5% over the last 12 months against the 12 before it, on 23 registered sales. On a sample this size, read the direction rather than the exact figure.
Does Afnan 1 earn more short-let than long-let?
A night asks a median of AED 519, which models to 16.08% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 7.86% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

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.

Afnan 1 rental record

Record type
Building-level property market record
Data date
Evidence base
243 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/production-city/afnan-1
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Afnan 1 rents and yield.” Production City, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/production-city/afnan-1.

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.