MYKA Residence rents
- 40 new leases and 26 renewals in 12 months
- 120 units
- Dubai Production City
- near Damac Properties
A studio here leases for about AED 50,000 a year, 14% above the typical Dubai Production City studio.
Studio · typical new lease
50,000AEDa year
AED 113/sqft · -3.9% on a year
- A month, roughly
- AED 4,167
- Renewal
- AED 50,341
- vs Dubai Production City studio
- 14% above the median
- New leases, 12 months
- 26
What should a lease in MYKA Residence cost?A studio leases for about AED 50,000 a year
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 Dubai Production City 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 studio here now costs 3.9% less than a year earlier: AED 50,000 against 52,000.
Chart data, Studio: Mar 2023, AED 38,000; latest, Oct 2026, AED 45,250; peak, Dec 2023, AED 57,000.
Showing the 60 most recent of 66 contracts starting on or after 12 Oct 2025.
About MYKA ResidenceAn 8-floor tower in Dubai Production City, a 16-minute drive from Dubai Marina
MYKA Residence is an apartment building completed in 2023 in Dubai Production City. 66 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 8
- Lifts
- 3
- Parking bays
- 122
- Pools
- 1
Drive times · typical
- Downtown
- 24 min · 25 km
- DXB Airport
- 25 min · 34 km
- DIFC
- 21 min · 29 km
- Dubai Marina
- 16 min · 14 km
- Palm Jumeirah
- 24 min · 22 km
Nearest, as registered
- Metro
- Damac Properties
- Mall
- Marina Mall
- Landmark
- Sports City Swimming Academy
Letting a unit in MYKA Residence?55% of units here signed a yearly lease in 12 months, above the Dubai Production City median; new tenants pay less than renewing ones
- Units on a yearly lease
- 55%Fair
- Dubai Production City median 6%; top tenth from 51%
- New tenant vs renewal
- -24.6%
- New leases AED 53,500, renewals 71,000, all types
- Short-let instead, one-bed
- AED 298
- a night on Airbnb; nets 0.6× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? MYKA Residence sale prices →Comparables in Dubai Production City
Every Dubai Production City building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. MYKA Residence places 2nd of 47; the nearest 5 are shown.
Rank 1 is the dearest per square foot. Differences are against MYKA Residence.
At studio, MYKA Residence ranks 3rd of 27 by rent per square foot and 17th of 19 by gross yield in Dubai Production City.
Market context in Dubai Production City
Registered sales activity
805 ready apartment sales in the 12 months to 2026-10-12.
+5.5% in median AED/sqft versus the preceding year, supported by 805 current and 1,116 prior price observations.
Explore sales activityPlanned apartment projects
2,784 known registered units across 5 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 3 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
3,449 apartments are planned in Dubai Production City from 2026 to 2028, equal to 54% of the 6,406 homes let there today.
Ready prices per sqft fell in 11% of 45 buildings (counted once per bedroom type) in Dubai Production City with sales in both years; the typical one moved +6.8%.
New-lease rents fell in 38% of 13 buildings (counted once per bedroom type) with leases in both years; the typical one moved +2.3%.
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 Dubai Production City
Prices per sq ft around MYKA Residence, on the mapPrices per sq ft around MYKA Residence, on the map
Lakeside C
Dubai Production City · 711 contracts, 12 months
38,000
AED a year median · 92/sqft
Lakeside A
Dubai Production City · 711 contracts, 12 months
38,000
AED a year median · 92/sqft
Lakeside D
Dubai Production City · 711 contracts, 12 months
38,000
AED a year median · 92/sqft
Lakeside B
Dubai Production City · 711 contracts, 12 months
38,000
AED a year median · 92/sqft
Ask about MYKA Residence
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Common questions
- What is the registered annual rent for a studio in MYKA Residence?
- The median new annual rent is AED 50,000, from 26 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 MYKA Residence risen or fallen?
- The median new annual rent changed -3.9% in the trailing 12 months against the previous 12, using 26 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.
- How many apartments change hands in MYKA Residence?
- 3 sales were registered with the Dubai Land Department in the last 12 months, alongside 26 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to MYKA Residence?
- Damac Properties, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Marina Mall.
- What is the rental yield in MYKA Residence?
- MYKA Residence returns 7.9% gross: a median new-contract rent of AED 50,000 a year (26 Ejari contracts in 12 months) over a price benchmark of AED 635,000 (median of 3 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
For agents
Send this page to a client as a branded report
MYKA Residence 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; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/production-city/myka-residence
Cite as: Dubai Wealth Index. “MYKA Residence rents and yield.” Dubai Production City, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/production-city/myka-residence
Stable dataJSON