Myra Residences

Key facts

Handover

Q1 2027

Status

Under construction

Construction progress

0%

Ownership

freehold

Property types

apartment

Availability

Limited availability, confirm with us

Payment plan

Available units

Amenities

• CCTV Security
• Indoor Swimming Pool
• Landscaped Gardens
• Smart home
• Gymnasium
• Restaurants
• Children's Play Area

Location

Myra Residences sits in Myra Residences.

Master plan

The developer’s own site plan for Myra Residences, showing how the buildings, roads and open space sit together.

How Myra Residences compares

Entry here is AED 560,000, against a median of AED 960,000 across the 44 priced projects in Residential District, which puts it above 2 of them and below 41. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q1 2027, alongside 132 other projects completing in the same quarter.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 10% on booking, 50% during construction and 40% at handover. The 50% due during construction falls in five instalments of 10%. At the AED 560,000 entry price, that is AED 56,000 to reserve a unit, AED 280,000 across the build, and AED 224,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 22,000 at this entry price. That 10% booking payment does not go to Sikanta Development directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 419 square feet at AED 560,000, which works out at AED 1,337 per square foot. Stated sizes run from 419 to 1,158 square feet.

Ownership and residency

Myra Residences is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa.

Who it suits

The development is apartments in studio to 2 bedroom layouts.

What is on site

Shared facilities recorded for Myra Residences lead with smart home, alongside the CCTV security, indoor swimming pool, landscaped gardens, gymnasium, restaurants and children's play area that most Dubai developments carry. 13 floor plans are published for it.

Frequently asked