A typical residential sale here is AED 3,048,312 for about 1,355 sqft, from 10,244 recorded sales.
Prices here have moved +104.7% across the 122 months (Jun 2016 – Aug 2026) of Land Department records we hold — a pace of +7% a year if it continued.
That is the whole 122 months of records for this area, expressed as an annual pace. It averages across every cycle in that period, so it describes the long run rather than the market today. Treat it as history, not a forecast.
Off-plan and ready are different markets
Comparing a launch price against a resale price without separating them is the most common way Dubai price-per-square-foot figures mislead.
77%
Sold off-plan
of 10,244 sales
Off-plan
AED 2,554/sqft
7,886 recorded sales
Ready
AED 1,975/sqft
2,358 recorded sales
Off-plan trades 29% above completed homes here. A single blended figure would sit between the two and describe neither.
What each size costs in Al Wasl
Median size and price for every bedroom count with at least 15 recorded sales. Dubai Land Department records a room count on nearly every sale, so this is a breakdown of real transactions rather than an estimate.
Rent is matched by size here, not bedroom count, so the column is what homes of that sizeactually let for — the question behind the question, answered from real contracts. Ejari does also carry a bedroom count on most tenancies, and the rent-by-bedroom figures on this page read that field directly.
Size
Typical home
Typical price
Per sqft
Typical rent
Sales
Studio
395 sqft
AED 1,258,000
AED 3,176/sqft
AED 80,231/yr
133 tenancies
118
1 bed
823 sqft
AED 2,079,000
AED 2,369/sqft
AED 145,000/yr
328 tenancies
3,487
2 beds
1,509 sqft
AED 3,367,900
What exists here, and who may own it
Every other figure on this page is about homes that sold. This is the standing stock, from the Land Department’s unit register.
Registered units
8,224
In Al Wasl, from the Land Department's register of flats.
Freehold
100%
Every unit in Al Wasl with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
1,367 sqft
Median of the 8,217 units that record one.
By size of home
2 B/R3,217
1 B/R2,833
3 B/R1,474
4 B/R
Rental market
From 2,135 tenancy contracts registered with Ejari in the last 12 months — agreed rents, not advertised ones.
Typical annual rent
AED 195,000/yr
for ~1,586 sqft
Rent per sqft
AED 121/sqft
per year
Renewals
56%
of contracts
Contracts
2,135
last 12 months
What it costs to rent here
Median annual rent, by size of home.
StudioAED 80,231/yr
1 bedAED 145,000/yr
2 beds
What it returns
A year’s rent against what that size of home actually sold for in City Walk over the same twelve months — both from registered records.
Size
Costs now
Rents for
Gross yield
Sales behind it
Studio
AED 1.28M
AED 80,231/yrsame size in City Walk
6.3%
90
1 bed
AED 2.65M
AED 145,000/yrby bedroom · 328 new lets
5.5%
594
2 beds
AED 4.12M
AED 225,000/yrby bedroom · 416 new lets
5.5%
524
3 beds
AED 7.9M
AED 320,000/yrby bedroom · 135 new lets
4.1%
247
4 beds
AED 17.17M
AED 390,000/yrby bedroom · 40 new lets
Common questions about City Walk
How much is rent in City Walk?
a studio rents for a median AED 80,231/yr, a 1-bedroom for AED 145,000/yr, a 2-bedroom for AED 225,000/yr, a 3-bedroom for AED 320,000/yr. These are medians of tenancy contracts registered with Ejari in City Walk over the last twelve months — what tenants agreed to pay, not advertised asking rents. This table matches rent to homes by floor area, which every Ejari contract records. Ejari carries a bedroom count on most contracts too, and the rent-by-bedroom figures on this page read that field rather than inferring it from size.
Median price per sqft trend
Areas at a similar price
Closest to Al Wasl on median price per square foot. Areas with fewer than 10 recorded sales are left out, because a median drawn from a handful of deals is not worth comparing against.
Apartments, stacked townhouses and commercial units. Villas are not in this dataset.
AED 225,000/yr
3 bedsAED 320,000/yr
4 bedsAED 390,000/yr
5 bedsAED 470,000/yr
Matched to tenancies by floor area, so this is what homes of each size actually let for. Ejari does also record a bedroom count on most contracts — the rent-by-bedroom table below reads that field directly. Renewing tenants pay about 35% less per sqft than someone signing a new lease here.
2.3%
34
5 beds
AED 47M
AED 470,000/yrby bedroom · 28 new lets
1.0%
11
The best gross yield here is on a studio at 6.3%. Smaller homes almost always yield more than larger ones — they cost proportionally less and rent for proportionally more.
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 7.0% instead of 5.5%, because it prices the home at AED 2.08M — the median across every sale on record — rather than the AED 2.65M it costs today. Every figure above uses the same twelve months on both sides.
What it returns after service charges
We hold no filed budget for this one, so this starts from a placeholder rather than a measurement — it’s on the service charge invoice, or on RERA’s Service Charge Index. How to check it.
Size
Charge / year
Rent after it
Gross
Net
Studio
AED 5,924
AED 74,307
6.3%
5.8%
1 bed
AED 12,340
AED 132,660
5.5%
5.0%
2 beds
AED 22,635
AED 202,365
5.5%
4.9%
3 beds
AED 34,846
AED 285,154
4.1%
3.6%
4 beds
AED 63,303
AED 326,697
2.3%
1.9%
5 beds
AED 137,819
AED 332,181
1.0%
0.7%
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
How much do properties cost in City Walk?
The median residential sale price in City Walk is AED 3,128/sqft, which works out at about AED 3.05M for a typical 1,355 sqft home. That is a median of 10,244 sales actually registered with the Dubai Land Department, not of asking prices.
What rental yield does City Walk give?
Gross yields in City Walk run about 6.3% on a studio, 5.5% on a 1-bedroom, 5.5% on a 2-bedroom, 4.1% on a 3-bedroom, dividing a year of registered rent by what that size actually sold for over the same twelve months. Smaller homes yield more. These are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is City Walk freehold?
Yes. Every unit in City Walk whose tenure is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 8,224 units for the area.
Is City Walk mostly off-plan or completed homes?
77% of the 10,244 registered sales in City Walk were off-plan, and the rest were completed homes. The two trade at different prices, so a single blended price per square foot for the area would describe neither.
