officially Al Merkadh · also covers Mbr District 1 / Sobha Heartland
AED 1,924/sqft
+25.7%
+2%
75%
6.9%
48
A typical residential sale here is AED 1,150,000 for about 666 sqft, from 32,403 recorded sales.
Prices here have moved +25.7% across the 129 months (Nov 2015 – Aug 2026) of Land Department records we hold — a pace of +2% a year if it continued.
That is the whole 129 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.
Comparing a launch price against a resale price without separating them is the most common way Dubai price-per-square-foot figures mislead.
Off-plan
AED 1,710/sqft
24,407 recorded sales
Ready
AED 1,877/sqft
7,996 recorded sales
Off-plan trades 9% below completed homes here. A single blended figure would sit between the two and describe neither.
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 | 351 sqft | AED 580,000 | AED 1,625/sqft | AED 52,000/yr 3,154 tenancies | 9,866 |
| 1 bed | 704 sqft | AED 1,200,221 | AED 1,787/sqft | AED 84,000/yr 3,443 tenancies | 13,905 |
| 2 beds | 1,188 sqft | AED 2,085,753 |
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
26,114
In Al Merkadh, from the Land Department's register of flats.
Freehold
100%
Every unit in Al Merkadh with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
669 sqft
Median of the 26,114 units that record one.
By size of home
From 11,625 tenancy contracts registered with Ejari in the last 12 months — agreed rents, not advertised ones.
Typical annual rent
AED 77,000/yr
for ~556 sqft
Rent per sqft
AED 134/sqft
per year
Renewals
27%
of contracts
Contracts
11,625
last 12 months
What it costs to rent here
Median annual rent, by size of home.
A year’s rent against what that size of home actually sold for in Meydan One over the same twelve months — both from registered records.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| Studio | AED 722.38K | AED 52,000/yrby bedroom · 3,154 new lets | 7.2% | 814 |
| 1 bed | AED 1.43M | AED 84,000/yrby bedroom · 3,443 new lets | 5.9% | 1,033 |
| 2 beds | AED 2.45M | AED 135,000/yrby bedroom · 1,414 new lets | 5.5% | 558 |
| 3 beds | AED 3.4M | AED 180,000/yrby bedroom · 339 new lets | 5.3% | 167 |
| 4 beds | AED 4.58M | AED 650,000/yr |
a studio rents for a median AED 52,000/yr, a 1-bedroom for AED 84,000/yr, a 2-bedroom for AED 135,000/yr, a 3-bedroom for AED 180,000/yr. These are medians of tenancy contracts registered with Ejari in Meydan One 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.
Closest to Al Merkadh 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.
Azizi Riviera 34
Azizi Developments L.L.C
Azizi Riviera 1
Azizi Developments L.L.C
Azizi Riviera 10
Azizi Developments L.L.C
Azizi Riviera 11
Azizi Developments L.L.C
Azizi Riviera 12
Azizi Developments L.L.C
Azizi Riviera 13
Azizi Developments L.L.C
Azizi Riviera 14
Azizi Developments L.L.C
Azizi Riviera 15
Azizi Developments L.L.C
| AED 1,850/sqft |
| AED 135,000/yr 1,414 tenancies |
| 6,537 |
| 3 beds | 1,621 sqft | AED 2,999,331 | AED 1,850/sqft | AED 180,000/yr 339 tenancies | 1,763 |
| 4 beds | 2,355 sqft | AED 4,647,878 | AED 1,889/sqft | AED 650,000/yr 161 tenancies | 325 |
Apartments, stacked townhouses and commercial units. Villas are not in this dataset.
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 2% less per sqft than someone signing a new lease here.
| 14.2% |
| 35 |
The best gross yield here is on a 4 beds at 14.2%. 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 studio here reads 9.0% instead of 7.2%, because it prices the home at AED 580K — the median across every sale on record — rather than the AED 722.38K 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 5,260 | AED 46,740 | 7.2% | 6.5% |
| 1 bed | AED 10,556 | AED 73,444 | 5.9% | 5.1% |
| 2 beds | AED 17,815 | AED 117,185 | 5.5% | 4.8% |
| 3 beds | AED 24,319 | AED 155,681 | 5.3% | 4.6% |
| 4 beds | AED 35,318 | AED 614,683 | 14.2% | 13.4% |
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.
The median residential sale price in Meydan One is AED 1,924/sqft, which works out at about AED 1.15M for a typical 666 sqft home. That is a median of 32,403 sales actually registered with the Dubai Land Department, not of asking prices.
Gross yields in Meydan One run about 7.2% on a studio, 5.9% on a 1-bedroom, 5.5% on a 2-bedroom, 5.3% 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.
Yes. Every unit in Meydan One whose tenure is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 26,114 units for the area.
75% of the 32,403 registered sales in Meydan One 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.
10,362 sales
AED 1,786/sqft
-7%
Azizi Riviera 16
Azizi Developments L.L.C