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Ikarus Tower

A 1 bed in Ikarus Tower costs a median AED 600,000 — from 75 sales and 0 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · 1 bed
28 in 12 months
Rental contracts · 1 bed
0 in 12 months
Buy
600,000AED
AED 876/sqft

Price per sqft: Median of 5 registered sales of ready units in the last 6 months, most recent May 2026.

AED/yr/sqft
Sales
75
Rental contracts
0
Short-let listings seen
12 months
+10.6%

Based on 75 sales and 0 rental contracts in the last 24 months.

Ikarus Tower is an apartment building in Production City, Dubai. 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 2024 to 2026, 258 registered sales in all — the 75 in the last 24 months are what every median above is computed from.

Yield by bedroom type

TypeMedian priceAED/sqftYield12moSales
1 bedAED 600,000844+10.6%75
2 bedAED 829,388821+12.4%54

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 Ikarus Tower

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
2 bed500m5580.55AED 120,73514.56%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 Ikarus Tower itself had too few listings of that type to measure.

Recent transactions

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

36 resales in the last 12 months, against 56 a year on average over 2024–2025.

Sales

DateTypeSqftPriceAED/sqft
22 Jun 20262 bed985AED 1,050,0001,066

1 resales in the last 3 months.

Rental contracts

Nothing registered in the last 3 months. Try a wider window.

Nearby

Metro
Harbour Tower
Mall
Ibn-e-Battuta 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.

Common questions

How much does a 1 bedroom in Ikarus Tower cost?
The median registered sale price is AED 600,000 (844 AED/sqft), from 75 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Ikarus Tower selling for right now?
Registered sales of ready units in Ikarus Tower over the last 6 months have a median of 876 AED/sqft, across 5 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 Ikarus Tower risen or fallen?
Median price per square foot moved +10.6% over the last 12 months against the 12 before it, on 75 registered sales. On a sample this size, read the direction rather than the exact figure.
How many apartments change hands in Ikarus Tower?
75 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.
Which metro station is closest to Ikarus Tower?
Harbour Tower, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Ibn-e-Battuta Mall.

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.

Ikarus Tower sale record

Record type
Building-level property market record
Data date
Evidence base
75 registered sales 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
/sale/apartments/dubai/production-city/ikarus-tower
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Ikarus Tower sale prices and yield.” Production City, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/production-city/ikarus-tower.

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.