What is the rental yield in MYKA Residence?

MYKA Residence returns 6.71% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 28 rental contracts registered in the last 24 months.

How much does a 1 bedroom in MYKA Residence cost?

The median registered sale price is AED 1.05M (1,123 AED/sqft), from 18 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in MYKA Residence selling for right now?

Registered sales of ready units in MYKA Residence over the last 6 months have a median of 1,179 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 MYKA Residence risen or fallen?

Median price per square foot moved +5.7% over the last 12 months against the 12 before it, on 18 registered sales. On a sample this size, read the direction rather than the exact figure.

How does MYKA Residence compare with Production City?

Its 6.71% gross yield sits -1.2 pts against the Production City median of 7.87%, computed at the same bedroom grain over the same 24-month window.

MYKA Residence — rental prices & yield

Buy: 1.05MAED; AED 1,179/sqft
Long-let: 80,500AED; AED 88/sqft · 6.71%
Short-let: 5.48%; AED 298/night · 0.32/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: -1.2 pts; vs the Production City median for this unit type
Turnover upside: -5.3%; new tenants pay less than sitting ones — 23 renewals
AED/yr/sqft: AED 88
Sales: 18
Rental contracts: 28
Renewal rent: AED 85,000/yr

12 months: +2.5%
3 years: +3.7%+1.2%/yr

Based on 18 sales and 28 rental contracts in the last 24 months.

MYKA Residence is an apartment building in Production City, Dubai. The closest metro station is Damac Properties, the nearest mall Marina Mall and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2023 to 2026, 284 registered sales in all — the 18 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in MYKA Residence, 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
Studio	AED 52,000	118	8.19% -0.3 pts	56
1 bed	AED 80,500	88	6.71% -1.2 pts	28
2 bed	AED 99,862	86	—	4

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 MYKA Residence

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 bed500m	298	0.32	AED 57,777	AED 80,500	0.7×	5.48%	4+

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 MYKA Residence itself had too few listings of that type to measure.

Recent transactions

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

12 resales in the last 12 months, against 44 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
26 Aug 2026	1 bed	956	AED 1,200,000	1,255
29 Jul 2026	1 bed	956	AED 1,200,000	1,255
11 Jun 2026	2 bed	1,166	AED 1,565,000	1,343
4 Jun 2026	1 bed	926	AED 1,000,000	1,080

4 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
29 Aug 2026	1 bed	956	AED 80,000	84	Renewal
20 Aug 2026	1 bed	956	AED 75,000	78	New
15 Aug 2026	Studio	440	AED 42,000	95	New
5 Aug 2026	Studio	440	AED 55,000	125	New
3 Aug 2026	1 bed	892	AED 70,000	78	New
28 Jul 2026	Studio	443	AED 50,000	113	New
25 Jul 2026	Studio	443	AED 44,000	99	New
25 Jul 2026	1 bed	916	AED 80,000	87	New
16 Jul 2026	Studio	440	AED 42,770	97	New
15 Jul 2026	1 bed	962	AED 87,000	90	Renewal
26 Jun 2026	Studio	442	AED 45,675	103	Renewal
25 Jun 2026	2 bed	1,166	AED 99,723	86	New
6 Jun 2026	Studio	440	AED 50,681	115	Renewal
1 Jun 2026	Studio	440	AED 48,000	109	Renewal
1 Jun 2026	1 bed	962	AED 85,000	88	New
1 Jun 2026	1 bed	893	AED 68,000	76	Renewal

16 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: 8
Lifts: 3
Parking bays: 122
Swimming pools: 1

Nearby

Metro: Damac Properties
Mall: Marina Mall
Landmark: Sports City Swimming Academy

Compare with nearby buildings

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

Highest rental yields in Production City · MYKA Residence places 37th of 40

Lakeside A · 8.69%
Lakeside B · 9.24%
Lakeside D · 9.56%
Lakeside C · 8.72%
Lago Vista-A · 10.00%
Lago Vista-B · 8.37%
Lago Vista-C · 5.50%
The Crescent C · 8.33%

Common questions

What is the rental yield in MYKA Residence?: MYKA Residence returns 6.71% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 28 rental contracts registered in the last 24 months.
How much does a 1 bedroom in MYKA Residence cost?: The median registered sale price is AED 1.05M (1,123 AED/sqft), from 18 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in MYKA Residence selling for right now?: Registered sales of ready units in MYKA Residence over the last 6 months have a median of 1,179 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 MYKA Residence risen or fallen?: Median price per square foot moved +5.7% over the last 12 months against the 12 before it, on 18 registered sales. On a sample this size, read the direction rather than the exact figure.
How does MYKA Residence compare with Production City?: Its 6.71% gross yield sits -1.2 pts against the Production City median of 7.87%, computed at the same bedroom grain over the same 24-month window.

MYKA Residence