MYKA Residence
- Completed 2023
- 8 floors
- 3 lifts
- 122 parking bays
- 1 pool
A 1 bed in MYKA Residence costs a median AED 1.09M, rents long-let for AED 80,000/yr (7.3% gross), and returns 4.5% short-term at the assumed 70% occupancy.
1 bed · typical price
1.09MAED
AED 1,183/sqft · +5.7% on a year
- Rent a year
- AED 80,000
- Gross yield
- 7.3%
- vs Dubai Production City
- 5% below the median
Cost to buy, all inAED 1.16M
- Price
- AED 1.09M
- DLD fee 4%
- AED 43,520
- Agent 2% + VAT
- AED 22,848
- Trustee
- AED 4,200
Fees repaid by rent11 months
Is MYKA Residence a good investment?Prices rising; rents are slipping and lots of new supply is coming
- Does it pay a good rent?7.3% gross, before the service charge (not on file) (Dubai median 6.8%)7.3%Fair
- Is it easy to let?55% of units signed a yearly lease in 12 months; the typical Dubai Production City building manages 6%55%Fair
Dubai Production City median 6% · top tenth from 51%MYKA Residence · 55% Across 16 Dubai Production City buildings with 40 or more units, the median signed annual leases on 6% of units in 12 months and the top tenth on 51% or more; MYKA Residence is at 55%.
- Are rents going up?New 1 bed leases: AED 84,772 a year ago, AED 80,000 now-5.6%Watch
- Are prices going up?1 bed: AED 1,119/sqft a year ago, 1,183 now+5.7%Strength
- How fast do fees pay back?AED 70,568 in fees to buy a 1 bed; rent covers it in 0.9 years0.9 yrs
- Can I sell easily?13 sales in 12 months, 11% of the tower (19 the year before)13Fair
- Is a lot being built nearby?3,449 apartments are planned in Dubai Production City from 2026 to 2028, equal to 54% of the 6,406 homes let there today. A further 1,882 are past their planned date. Dubai Production City supply by year →54%Watch
- Did earlier buyers gain?Up 23% for buyers 3 years ago, before fees+23.4%Context
Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026
MYKA Residence prices and rents by unit typeA one-bed costs about AED 1.09M and rents for about AED 80,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
1 bed · price per sqft · Dubai Production City · area median AED 1,243/sqft
- 12-month change
- +5.7%
- 3 years
- -22.3% · -8.1%/yr
- vs area median
- -4.8%
- Rank by price per sqft
- 33rd of 51
Rental income
1 bed · Dubai Production City
- Gross yield
- 7.3%
- Median new rent
- AED 80,000/yr
- Yield vs area median
- -0.6 pts
- Yield vs Dubai (6.8%)
- +0.6 pts
- Yield rank
- 27th of 34
- Renewal rent
- AED 84,900/yr
- New tenants pay vs sitting (13 renewals)
- -5.8%
Short-term income
1 bed · 70% occupancy · 7-night stays · within 500 m
- Median nightly rate
- AED 298
- Net revenue
- AED 48,916/yr
- vs long-let rent
- 0.6×
- Listings seen
- 4+
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, 1 bed: Feb 2023, AED 1,492,500; latest, Aug 2026, AED 1,200,000; peak, Feb 2023, AED 1,492,500. Rent on new leases: Jan 2023, AED 10,000 a year; latest, Sep 2026, AED 41,250.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,255 · before fees
- 3 years ago
- 1,017
- +23%
- 75 sales
- Previous 12 months
- 1,312
- −4%
- 19 sales
- Last 12 months
- 1,255
- today
- 13 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
13 resales in the last 12 months, against 44 a year on average over 2023–2025.
13 resales in the last 12 months.
Short-term rates around MYKA Residence
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Dubai Production City
Every Dubai Production City building with a page, ranked by price per sqft over the same 12 months, all unit types. MYKA Residence places 35th of 62; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against MYKA Residence (AED 1,255/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 1 bed, MYKA Residence has registered sale prices 5% below the Dubai Production City median price per square foot of 1,243 AED, across 51 eligible buildings. It ranks 33rd of 51 by price per square foot and 27th of 34 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.
About MYKA Residence
MYKA Residence is an apartment building completed in 2023 in Dubai Production City. 143 sales are registered with the Dubai Land Department.
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
MYKA Residence: AED 1,255 per sq ft, level with the median Dubai Production City building, and a 5.0% gross yield, in the bottom tenth of the area
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- MYKA ResidenceAED 1,255
- Dubai Production City, readyAED 991
- Dubai Production City, off-planAED 1,407
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
MYKA ResidenceDubai Production City median building
- Dubai Production City5.0% vs 8.3%
Nearby in Dubai Production City
Prices per sq ft around MYKA Residence, on the mapPrices per sq ft around MYKA Residence, on the map
Reef 996
Dubai Production City · 237 sales, 12 months
787,538
AED, resale median · 1,644/sqft
Ivy at Park Five
Dubai Production City · 181 sales, 12 months
1.14M
AED, resale median · 1,456/sqft
Soul by vision
Dubai Production City · 137 sales, 12 months
950,000
AED, resale median · 1,165/sqft
Ember at Park Five
Dubai Production City · 117 sales, 12 months
1.10M
AED, resale median · 1,339/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 1 bedOn record
- Rental evidence · 1 bedOn record
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 1 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from MYKA Residence’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 4,838AED
- 4.5% over 25 years
- Monthly rent
- 6,667AED
- AED 80,000 a year
- Cash needed at purchase
- 302,048AED
- 20% down plus AED 84,448 in fees
Owning costs AED 303,754 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in MYKA Residence?
- MYKA Residence returns 7.3% gross: a median new-contract rent of AED 80,000 a year (11 Ejari contracts in 12 months) over a price benchmark of AED 1.09M (median of 8 sales in the last 12 months, latest Aug 2026), before service charge, agency fees or vacant months.
- How much does a 1 bedroom in MYKA Residence cost?
- The median registered sale price is AED 1.09M (1,183 AED/sqft), from 8 Dubai Land Department sales in the last 12 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 12 months have a median of 1,183 AED/sqft, across 8 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around 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 8 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does MYKA Residence compare with Dubai Production City?
- Its 7.3% gross yield sits -0.6 pts against the Dubai Production City median of 7.9%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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MYKA Residence sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 8 registered sales 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
- /sale/apartments/dubai/production-city/myka-residence
Cite as: Dubai Wealth Index. “MYKA Residence sale prices and yield.” Dubai Production City, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/production-city/myka-residence
Stable dataJSON