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The Diplomat Residences

A 2 bed in The Diplomat Residences costs a median AED 1.30M and rents long-let for AED 93,000/yr (6.76% gross) — -0.5 pts vs Town Square's 7.25% and -0.2 pts vs Dubai's 6.98% — from 39 sales and 65 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · 2 bed
7 in 12 months
Rental contracts · 2 bed
27 in 12 months
Buy
1.30MAED
AED 1,449/sqft
Long-let
93,000AED
AED 101/sqft · 6.76%

Price per sqft: Median of 7 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
-0.5 pts
vs the Town Square median for this unit type
Turnover upside
+3.3%
new tenants pay more than sitting ones — 21 renewals
AED/yr/sqft
AED 101
Sales
39
Rental contracts
65
Renewal rent
AED 90,000/yr
12 months
+6.7%

Based on 39 sales and 65 rental contracts in the last 24 months.

The Diplomat Residences is an apartment building in Town Square, Dubai. The nearest landmark Dubai Cycling Course. Land Department records for it run from 2023 to 2026, 420 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 42,0001328.40%
+0.5 pts
9
1 bedAED 65,0001047.22%
-0.3 pts
36
2 bedAED 93,0001016.76%
-0.5 pts
65
3 bedAED 135,000923

Deltas compare each yield with the Town Square 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 Diplomat Residences

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
Studio500m3551.11AED 82,249AED 42,0002.0×16.29%1+

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 Diplomat Residences itself had too few listings of that type to measure.

Recent transactions

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

21 resales in the last 12 months, against 65 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
26 Aug 2026Studio319AED 500,0001,569
14 Aug 20262 bed906AED 1,250,0001,380
16 Jul 20261 bed700AED 743,7501,062
17 Jun 20262 bed908AED 1,250,0001,376

4 resales in the last 3 months.

Rental contracts

StartTypeSqftAnnual rentAED/sqftContract
27 Aug 20262 bed948AED 105,000111New
24 Aug 20262 bed1,217AED 105,00086New
24 Aug 20261 bed622AED 60,00096New
20 Aug 20262 bed890AED 92,500104New
15 Aug 20262 bed920AED 95,000103Renewal
15 Aug 2026Studio319AED 42,000132Renewal
10 Aug 20261 bed644AED 65,000101New
10 Aug 20262 bed948AED 95,000100Renewal
7 Aug 20261 bed592AED 60,000101Renewal
1 Aug 20261 bed613AED 63,968104Renewal
1 Aug 20261 bed644AED 60,00093Renewal
1 Aug 20262 bed908AED 90,00099Renewal
1 Aug 20262 bed906AED 106,000117Renewal
28 Jul 20262 bed909AED 90,00099New
21 Jul 20261 bed613AED 60,00098Renewal
20 Jul 20262 bed948AED 85,00090Renewal
19 Jul 20262 bed871AED 85,00098Renewal
14 Jul 2026Studio319AED 46,000144Renewal
13 Jul 20262 bed890AED 100,000112Renewal
8 Jul 20262 bed909AED 95,000105Renewal
5 Jul 20261 bed592AED 60,000101Renewal
2 Jul 20262 bed870AED 85,00098New
1 Jul 20262 bed906AED 90,00099New
1 Jul 20261 bed592AED 60,000101Renewal
1 Jul 20261 bed622AED 75,000120New
1 Jul 20262 bed908AED 88,00097New
29 Jun 20262 bed890AED 93,000105New
28 Jun 20262 bed920AED 85,00092Renewal
23 Jun 20262 bed953AED 95,000100Renewal
20 Jun 20262 bed948AED 89,00094New
20 Jun 20262 bed906AED 85,00094Renewal
20 Jun 20262 bed870AED 90,000104Renewal
19 Jun 20262 bed908AED 85,00094New
19 Jun 20261 bed592AED 60,000101New
15 Jun 20262 bed870AED 90,000103Renewal
15 Jun 20262 bed953AED 90,00094Renewal
4 Jun 20261 bed592AED 65,000110New
3 Jun 20261 bed701AED 62,00089Renewal
1 Jun 20262 bed906AED 95,000105Renewal
1 Jun 20262 bed890AED 110,000124New

40 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
6
Lifts
6
Parking bays
177
Swimming pools
1

Nearby

Landmark
Dubai Cycling Course

Compare with nearby buildings

The most-traded buildings in Town Square, on the same figures over the same window.

Common questions

What is the rental yield in The Diplomat Residences?
The Diplomat Residences returns 6.76% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 65 rental contracts registered in the last 24 months.
How much does a 2 bedroom in The Diplomat Residences cost?
The median registered sale price is AED 1.30M (1,424 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 Diplomat Residences selling for right now?
Registered sales of ready units in The Diplomat Residences over the last 12 months have a median of 1,449 AED/sqft, across 7 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 Diplomat Residences risen or fallen?
Median price per square foot moved +2.4% 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 Diplomat Residences compare with Town Square?
Its 6.76% gross yield sits -0.5 pts against the Town Square median of 7.25%, 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 Diplomat Residences rental record

Record type
Building-level property market record
Data date
Evidence base
65 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/town-square/the-diplomat-residences
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “The Diplomat Residences rents and yield.” Town Square, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/town-square/the-diplomat-residences.

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.