505, MYKA Residence
Sold prices and rental history: sold once, by the developer in March 2025, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, MYKA Residence
What is 505 worth today?
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Source: Dubai Land Department. Updated 21 November 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 926 sqft
- Floor
- 5th of 6
- Parking
- G-61
- Developer
- Myka Luxe Real Estate Development
- Last sold
- AED 1.04M · March 2025
- Building
- MYKA Residence
About 505, MYKA Residence
505 is a one-bedroom apartment of 926 sqft on the 5th floor of MYKA Residence, a 6-storey tower in Dubai Production City (IMPZ) by Myka Luxe Real Estate Development . The developer sold it on 25 March 2025 for AED 1,037,000, or AED 1,120 per sqft, 6% above the AED 1,061 one-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 21 November 2025, is AED 80,000 a year: a gross yield of 7.7% on the 2025 price.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in MYKA Residence, and where 505 sits
All 47 1-beds →505 last sold in March 2025 at AED 1,120 per sqft, 6% above what one-beds in MYKA Residence were fetching at the time (AED 1,061). Over the last 12 months one-beds sold for AED 991,000 to 1,200,000, around AED 1,179 per sqft, and rent for AED 60,000 to 126,000 a year. 505's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 956 sqft | 1,200,000 | 1,255 | ||
| 28 Jul 202628 July 2026 | 956 sqft | 1,200,000 | 1,255 | ||
| 4 Jun 20264 June 2026 | 926 sqft | 1,000,000 | 1,080 | ||
| 19 May 202619 May 2026 | 892 sqft | 991,000 | 1,111 |
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 5th floor
All 119 units in MYKA Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,169 sqft | AED 1.78MAED 1,780,000 · Mar 2023March 2023 | 126,000 /yr | |
| 502 | 1-bed | 892 sqft | AED 1MAED 1,000,000 · Sep 2024September 2024 | ||
| 503 | 1-bed | 893 sqft | AED 1.37MAED 1,370,000 · Feb 2023February 2023 | 80,000 /yr | |
| 504 | 1-bed | 956 sqft | AED 1.01MAED 1,005,000 · May 2024May 2024 | ||
| 506 | 2-bed | 1,166 sqft | AED 1.82MAED 1,820,000 · Feb 2023February 2023 | ||
| 507 | 1-bed | 962 sqft | AED 1.02MAED 1,024,100 · Mar 2024March 2024 | 82,500 /yr | |
| 508 | Studio | 440 sqft | AED 480KAED 480,000 · Jul 2023July 2023 | ||
| 509 | Studio | 442 sqft | AED 480KAED 480,000 · Jul 2023July 2023 | 46,000 /yr | |
| 510 | Studio | 442 sqft | AED 499KAED 499,000 · Sep 2023September 2023 | 55,000 /yr | |
| 511 | Studio | 442 sqft | AED 525KAED 525,000 · Oct 2023October 2023 | 47,489 /yr | |
| 512 | Studio | 443 sqft | AED 475KAED 475,000 · Jul 2023July 2023 | 49,000 /yr | |
| 513 | Studio | 442 sqft | AED 445KAED 445,000 · May 2023May 2023 | 50,000 /yr | |
| 514 | Studio | 443 sqft | AED 540KAED 540,000 · Jun 2024June 2024 | 50,000 /yr | |
| 515 | Studio | 441 sqft | AED 525KAED 525,000 · Oct 2023October 2023 | 47,000 /yr | |
| 516 | Studio | 442 sqft | AED 480KAED 480,000 · May 2023May 2023 | 45,675 /yr | |
| 517 | Studio | 440 sqft | AED 550KAED 550,000 · Oct 2023October 2023 | 42,770 /yr | |
| 518 | 1-bed | 956 sqft | AED 1.2MAED 1,200,000 · Aug 2026August 2026 | 90,000 /yr | |
| 519 | 2-bed | 1,175 sqft | AED 1.63MAED 1,625,000 · Feb 2026February 2026 | 120,000 /yr | |
| 520 | 1-bed | 916 sqft | AED 1.1MAED 1,100,000 · Jun 2025June 2025 | 81,000 /yr |
505, MYKA Residence in numbers
- Sold once: by Myka Luxe Real Estate Development on 25 March 2025 for AED 1,037,000, or AED 1,120 per sqft.
- Rented since March 2024 on 4 Ejari contracts, from AED 70,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2025 price is 7.7%.
- One-beds in MYKA Residence sold for AED 991,000–1,200,000 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 21 November 2025.
Questions about 505, MYKA Residence
What did unit 505 last sell for?
AED 1,037,000 on 25 March 2025, sold by the developer: AED 1,120 per sqft for 926 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 80,000 a year on the contract signed on 21 November 2025. The previous contract, from March 2025, was AED 70,000; the unit has been rented since March 2024.
How big is unit 505?
926 sqft (86.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MYKA Residence sold for AED 991,000 to 1,200,000 in the last 12 months, around AED 1,179 per sqft.
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Mortgage on 505, MYKA Residence
Starts from the last sale price (AED 1.04M, 25 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,037,000
- Deposit, UAE resident (20%)
- AED 207,400
- Deposit, non-resident (40%)
- AED 414,800
- Monthly over 25 years at 3.7%
- AED 4,243
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →