516, 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 516, MYKA Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 26 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 5th of 6
- Parking
- G-8
- Developer
- Myka Luxe Real Estate Development
- Last sold
- AED 480K · May 2023
- Building
- MYKA Residence
About 516, MYKA Residence
516 is a studio of 442 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 15 May 2023 for AED 480,000, or AED 1,085 per sqft, 13% above 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 26 June 2026, is AED 45,675 a year: a gross yield of 9.5% on the 2023 price.
Sales and rents for 516 over time
516 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 516 sits
All 60 studios →516 last sold in May 2023 at AED 1,085 per sqft, 13% above 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. 516's AED 45,675 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 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 | ||
| 505 | 1-bed | 926 sqft | AED 1.04MAED 1,037,000 · Mar 2025March 2025 | 80,000 /yr | |
| 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 | |
| 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 |
516, MYKA Residence in numbers
- Sold once: by Myka Luxe Real Estate Development on 15 May 2023 for AED 480,000, or AED 1,085 per sqft.
- Rented since June 2024 on 3 Ejari contracts, at AED 45,675 a year.
- At AED 45,675 a year the gross yield on the 2023 price is 9.5%.
- 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 26 June 2026.
Questions about 516, MYKA Residence
What did unit 516 last sell for?
AED 480,000 on 15 May 2023, sold by the developer: AED 1,085 per sqft for 442 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 45,675 a year on the contract renewed on 26 June 2026. The previous contract, from June 2025, was AED 45,675; the unit has been rented since June 2024.
How big is unit 516?
442 sqft (41.1 sqm): a studio on the 5th floor of a 6-storey tower.
What is unit 516 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 516, MYKA Residence
Starts from the last sale price (AED 480K, 15 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 480,000
- Deposit, UAE resident (20%)
- AED 96,000
- Deposit, non-resident (40%)
- AED 192,000
- Monthly over 25 years at 3.7%
- AED 1,964
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →