A typical residential sale here is AED 2,150,000 for about 2,519 sqft, from 11,015 recorded sales.
Prices here have moved +226.7% across the 155 months (Sep 2013 – Aug 2026) of Land Department records we hold — a pace of +10% a year if it continued.
That is the whole 155 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.
76%
Sold off-plan
of 11,015 sales
Off-plan
AED 736/sqft
8,319 recorded sales
Ready
AED 785/sqft
2,696 recorded sales
Off-plan trades 6% below completed homes here. A single blended figure would sit between the two and describe neither.
What each size costs in Al Yelayiss 1
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
3 beds
2,616 sqft
AED 1,729,352
AED 641/sqft
AED 160,000/yr
416 tenancies
5,164
4 beds
2,306 sqft
AED 2,684,700
AED 1,282/sqft
AED 195,000/yr
150 tenancies
4,665
5 beds
2,462 sqft
AED 4,157,500
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
4,035
In Al Yelayiss 1, from the Land Department's register of flats.
Freehold
100%
Every unit in Al Yelayiss 1 with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
471 sqft
Median of the 4,035 units that record one.
By size of home
Studio2,133
1 B/R1,902
Apartments, stacked townhouses and commercial units. Villas are not in this dataset.
Rental market
From 1,502 tenancy contracts registered with Ejari in the last 12 months — agreed rents, not advertised ones.
Typical annual rent
AED 162,070/yr
for ~2,713 sqft
Rent per sqft
AED 60/sqft
per year
Renewals
63%
of contracts
Contracts
1,502
last 12 months
What it costs to rent here
Median annual rent, by size of home.
3 bedsAED 160,000/yr
4 bedsAED 195,000/yr
5 beds
What it returns
A year’s rent against what that size of home actually sold for in Mira over the same twelve months — both from registered records.
Size
Costs now
Rents for
Gross yield
Sales behind it
3 beds
AED 3.2M
AED 160,000/yrby bedroom · 416 new lets
5.0%
147
4 beds
AED 2.82M
AED 195,000/yrby bedroom · 150 new lets
6.9%
2,340
5 beds
AED 4.16M
AED 132,798/yrsame size in Mira
3.2%
1,186
The best gross yield here is on a 4 beds at 6.9%. 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 3 beds here reads 9.3% instead of 5.0%, because it prices the home at AED 1.73M — the median across every sale on record — rather than the AED 3.2M it costs today. Every figure above uses the same twelve months on both sides.
Common questions about Mira
How much is rent in Mira?
a 3-bedroom rents for a median AED 160,000/yr, a 4-bedroom for AED 195,000/yr, a 5-bedroom for AED 132,798/yr. These are medians of tenancy contracts registered with Ejari in Mira 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.
How much do properties cost in Mira?
The median residential sale price in Mira is AED 1,603/sqft, which works out at about AED 2.15M for a typical 2,519 sqft home. That is a median of 11,015 sales actually registered with the Dubai Land Department, not of asking prices.
Median price per sqft trend
Areas at a similar price
Closest to Al Yelayiss 1 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.
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.
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
3 beds
AED 39,234
AED 120,766
5.0%
3.8%
4 beds
AED 34,586
AED 160,414
6.9%
5.7%
5 beds
AED 36,933
AED 95,865
3.2%
2.3%
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.
What rental yield does Mira give?
Gross yields in Mira run about 5.0% on a 3-bedroom, 6.9% on a 4-bedroom, 3.2% on a 5-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 Mira freehold?
Yes. Every unit in Mira whose tenure is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 4,035 units for the area.
Is Mira mostly off-plan or completed homes?
76% of the 11,015 registered sales in Mira 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.
