308, MYKA Residence
Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, MYKA Residence
What is 308 worth today?
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Source: Dubai Land Department. Updated 6 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 3rd of 6
- Parking
- G-122
- Developer
- Myka Luxe Real Estate Development
- Last sold
- AED 435K · May 2023
- Building
- MYKA Residence
About 308, MYKA Residence
308 is a studio of 440 sqft on the 3rd floor of MYKA Residence, a 6-storey tower in Dubai Production City (IMPZ) by Myka Luxe Real Estate Development . The developer sold it on 3 May 2023 for AED 435,000, or AED 988 per sqft, in line with the AED 963 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 6 June 2026, is AED 50,681 a year: a gross yield of 11.7% on the 2023 price.
Sales and rents for 308 over time
308 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MYKA Residence, and where 308 sits
All 60 studios →308 last sold in May 2023 at AED 988 per sqft, in line with what studios in MYKA Residence were fetching at the time (AED 963). Over the last 12 months studios sold for AED 600,000 to 640,000, around AED 1,408 per sqft, and rent for AED 33,957 to 72,000 a year. 308's AED 50,681 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 442 sqft | 600,000 | 1,357 | ||
| 1 Oct 20261 October 2026 | 442 sqft | 610,000 | 1,379 | ||
| 28 Jul 202628 July 2026 | 443 sqft | 26,655 | 60 | ||
| 16 Mar 202616 March 2026 | 443 sqft | 640,000 | 1,446 |
MYKA Residence
Building119 apartments, studios to 2-bed over 6 floors in Dubai Production City (IMPZ) by Myka Luxe Real Estate Development . 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,299 Up 3.5%
- Typical sale
- AED 1.04M
- Typical rent
- AED 54K /yr
- Typical yield
- 7.8%
Other units on the 3rd floor
All 119 units in MYKA Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 1,169 sqft | AED 1.23MAED 1,225,500 · Jan 2025January 2025 | 84,772 /yr | |
| 302 | 1-bed | 892 sqft | AED 991KAED 991,000 · May 2026May 2026 | 85,000 /yr | |
| 303 | 1-bed | 893 sqft | AED 941KAED 941,450 · Feb 2024February 2024 | 68,000 /yr | |
| 304 | 1-bed | 956 sqft | AED 1.01MAED 1,007,950 · Jun 2024June 2024 | 85,000 /yr | |
| 305 | 1-bed | 926 sqft | AED 1MAED 1,000,000 · Jun 2026June 2026 | ||
| 306 | 2-bed | 1,166 sqft | AED 1.49MAED 1,486,750 · Jul 2024July 2024 | ||
| 307 | 1-bed | 962 sqft | AED 1.07MAED 1,070,000 · May 2024May 2024 | 87,000 /yr | |
| 309 | Studio | 442 sqft | AED 435KAED 435,000 · May 2023May 2023 | 40,000 /yr | |
| 310 | Studio | 442 sqft | AED 435KAED 435,000 · May 2023May 2023 | ||
| 311 | Studio | 442 sqft | AED 600KAED 600,000 · Oct 2026October 2026 | 49,000 /yr | |
| 312 | Studio | 443 sqft | AED 27KAED 26,655 · Jul 2026July 2026 | 44,000 /yr | |
| 313 | Studio | 442 sqft | AED 635KAED 635,000 · Dec 2025December 2025 | 57,463 /yr | |
| 314 | Studio | 443 sqft | AED 435KAED 435,000 · Apr 2023April 2023 | 50,000 /yr | |
| 315 | Studio | 441 sqft | AED 475KAED 475,000 · Jun 2023June 2023 | ||
| 316 | Studio | 442 sqft | AED 580KAED 580,000 · Apr 2025April 2025 | 39,000 /yr | |
| 317 | Studio | 440 sqft | AED 435KAED 435,000 · Mar 2023March 2023 | 40,000 /yr | |
| 318 | 1-bed | 956 sqft | AED 1.46MAED 1,460,000 · Feb 2023February 2023 | ||
| 319 | 2-bed | 1,175 sqft | AED 1.53MAED 1,534,250 · Aug 2024August 2024 | ||
| 320 | 1-bed | 916 sqft | AED 1.15MAED 1,150,000 · Nov 2025November 2025 |
308, MYKA Residence in numbers
- Sold once: by Myka Luxe Real Estate Development on 3 May 2023 for AED 435,000, or AED 988 per sqft.
- Rented since July 2024 on 3 Ejari contracts, from AED 55,000 to AED 50,681 a year.
- At AED 50,681 a year the gross yield on the 2023 price is 11.7%.
- Studios in MYKA Residence sold for AED 600,000–640,000 in the 12 months to November 2026; the building's median across all types is AED 1,299 per sqft.
Source: Dubai Land Department. Updated 6 June 2026.
Questions about 308, MYKA Residence
What did unit 308 last sell for?
AED 435,000 on 3 May 2023, sold by the developer: AED 988 per sqft for 440 sqft. It is the only registered sale of the unit.
What is the rent for unit 308?
AED 50,681 a year on the contract renewed on 6 June 2026. The previous contract, from June 2025, was AED 50,000; the unit has been rented since July 2024.
How big is unit 308?
440 sqft (40.9 sqm): a studio on the 3rd floor of a 6-storey tower.
What is unit 308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MYKA Residence sold for AED 600,000 to 640,000 in the last 12 months, around AED 1,408 per sqft.
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Mortgage on 308, MYKA Residence
Starts from the last sale price (AED 435K, 3 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 435,000
- Deposit, UAE resident (20%)
- AED 87,000
- Deposit, non-resident (40%)
- AED 174,000
- Monthly over 25 years at 3.7%
- AED 1,780
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →