Dubai area data

Festival City: property prices and DLD transactions

Festival City (DLD: Al Kheeran): median AED 1,343 per sq ft from 36 registered sales in the 12 months to October 2026. Median annual rent AED 142,800, gross rental yield 6.27%. By registered sales in the 12 months to October 2026, Festival City ranks 77 of 138 Dubai areas with published figures; its median price per sq ft is higher than in 37.7% of them.

Source: Dubai Land Department open data, as of 9 Nov 2026; calculated by Zolia.

Data to 9 Nov 2026 · latest month provisional

Key figures, last 12 months

Data as of 9 Nov 2026 · Period Nov 2025 – Oct 2026

Registered sales: 36; −65.4% vs previous 12 months
Median price per sq ft (excluding land plots): AED 1,343 per sq ft; −16.5% vs previous 12 months · Median sale price AED 2.6m
Median annual rent: AED 142,800; 773 registered rent contracts
Gross rental yield: 6.27%

The latest month can still change: registrations appear up to about two weeks later.

Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

Net yield after service charges (estimate): 4.80%. Gross yield 6.27% less residential service charges of AED 20 per sq ft a year (median of the owners association budgets, as of 31 Oct 2026), set against the median rent per sq ft of apartments. Maintenance, vacancy and fees are not included.

Price trend in Festival City

Month	Sales	Median per sq ft	Rent contracts
Nov 2024	17	AED 1,792 per sq ft	38
Dec 2024	17	AED 1,608 per sq ft	90
Jan 2025	4	AED 1,126 per sq ft	146
Feb 2025	13	AED 1,585 per sq ft	56
Mar 2025	6	AED 1,612 per sq ft	80
Apr 2025	4	AED 1,346 per sq ft	53
May 2025	11	AED 1,791 per sq ft	63
Jun 2025	7	AED 1,316 per sq ft	46
Jul 2025	5	AED 1,281 per sq ft	72
Aug 2025	6	AED 1,379 per sq ft	69
Sep 2025	7	AED 1,574 per sq ft	68
Oct 2025	7	AED 1,728 per sq ft	70
Nov 2025	under 3	under 3	41
Dec 2025	3	AED 1,857 per sq ft	101
Jan 2026	under 3	under 3	140
Feb 2026	4	AED 1,267 per sq ft	59
Mar 2026	5	AED 1,571 per sq ft	58
Apr 2026	under 3	under 3	41
May 2026	3	AED 1,279 per sq ft	53
Jun 2026	under 3	under 3	49
Jul 2026	5	AED 1,289 per sq ft	58
Aug 2026	under 3	under 3	59
Sep 2026	4	AED 1,274 per sq ft	56
Oct 2026	5	AED 1,299 per sq ft	58

Sales per calendar year

Year	Sales	Median per sq ft
2006	under 3
2007	under 3
2008	under 3
2009	under 3
2010	under 3
2011	under 3
2012	17	AED 1,095 per sq ft
2013	116	AED 1,150 per sq ft
2014	138	AED 1,388 per sq ft
2015	27	AED 1,381 per sq ft
2016	42	AED 1,354 per sq ft
2017	58	AED 1,128 per sq ft
2018	40	AED 1,056 per sq ft
2019	54	AED 1,022 per sq ft
2020	28	AED 851 per sq ft
2021	33	AED 873 per sq ft
2022	38	AED 1,094 per sq ft
2023	49	AED 1,172 per sq ft
2024	85	AED 1,506 per sq ft
2025	75	AED 1,585 per sq ft

How the yearly figures are checked

Figures based on fewer than 3 records are not shown.

Off-plan and ready sales in Festival City

Status	Sales	Median per sq ft	Middle range per sq ft
Off-plan	under 3 sales
Ready	36	AED 1,343 per sq ft	AED 1,260 – 1,610

Off-plan sales are sales of properties before completion, as registered in Dubai Land Department transactions; ready sales are sales of completed properties.

Figures based on fewer than 3 records are not shown.

Rents and rental yield in Festival City

Registered rent contracts: 773
Median annual rent: AED 142,800; Middle range of registered annual rents: AED 70,450 – AED 185,000
Median annual rent per sq ft: AED 84 per sq ft
Gross rental yield: 6.27%

New contracts and renewals

Registration	Rent contracts	Median annual rent	Median rent per sq ft
New contracts	252	AED 156,000	AED 96 per sq ft
Renewals	521	AED 110,000	AED 77 per sq ft

Registered rent contracts by registration type: new contracts and renewals of existing contracts.

The permitted rent increase is set by the Smart Rental Index of the Dubai Land Department; this page does not compute an index value. About the Smart Rental Index

Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

Price per sq ft and rents by unit type in Festival City

Unit type	Sales	Median price	Median per sq ft	Rent contracts	Median annual rent	Median rent per sq ft	Gross yield (ready units)
Studio	4	AED 780,000	AED 1,122 per sq ft	34	AED 32,550	AED 79 per sq ft	under 30 sales (4)
1 bedroom	3	AED 1.5m	AED 1,101 per sq ft	239	AED 87,000	AED 76 per sq ft	under 30 sales (3)
2 bedrooms	18	AED 2.6m	AED 1,307 per sq ft	300	AED 150,000	AED 89 per sq ft	under 30 sales (18)
3 bedrooms	9	AED 3.5m	AED 1,391 per sq ft	174	AED 204,000	AED 82 per sq ft	under 30 sales (9)
4 bedrooms	under 3	under 3	under 3	22	AED 300,000	AED 73 per sq ft	under 3 sales
5 bedrooms or more	under 3	under 3	under 3	4	AED 278,568	AED 44 per sq ft	under 3 sales

Without a bedroom count in the DLD data: under 3 sales and under 3 rent contracts (villas, whole buildings, land, offices and shops). They count in all figures above and in the table by property type.

Gross yield by unit type: median annual rent per sq ft divided by the median price per sq ft of ready properties. The price columns also include off-plan sales, so dividing them by the rent gives a different number.

Figures based on fewer than 3 records are not shown. Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

Sales and rents by property type in Festival City

Property type	Sales	Median price	Median per sq ft	Rent contracts	Median annual rent
Apartments	34	AED 2.6m	AED 1,343 per sq ft	751	AED 138,915
Villas and townhouses	under 3 sales			22	AED 278,568
Whole buildings	under 3 sales			residential rents only
Land plots	under 3 sales			residential rents only
Offices, shops and hotel units	under 3 sales			residential rents only
Other property types	under 3 sales			residential rents only

Land plots have their own price per sq ft in this table; the other prices per sq ft on this page exclude them.

Property types as registered in the Dubai Land Department data. Rents are counted for residential use only, so whole buildings, land plots and commercial units have no rent figures here. Figures based on fewer than 3 records are not shown.

Sales and rents by time range and property type in Festival City

Time range	Property type	Sales	Median price	Median per sq ft	Rent contracts	Median annual rent
Last 3 months	All property types	9	AED 2.6m	AED 1,299 per sq ft	173	AED 145,000
Last 3 months	Apartments	8	AED 2.5m	AED 1,274 per sq ft	171	AED 145,000
Last 6 months	All property types	19	AED 2.6m	AED 1,289 per sq ft	333	AED 144,000
Last 6 months	Apartments	18	AED 2.6m	AED 1,279 per sq ft	328	AED 144,000
Last 6 months	Villas and townhouses	under 3	under 3	under 3	5	AED 278,568
Last 12 months	Apartments	34	AED 2.6m	AED 1,343 per sq ft	751	AED 138,915
Last 12 months	Villas and townhouses	under 3	under 3	under 3	22	AED 278,568

Not enough data: Last 3 months – Villas and townhouses (under 3 sales and under 3 rent contracts each).

The time ranges are the last 3, 6 and 12 full months of the current period. Apartments are registered flats (rents: flats and studios), villas include townhouses. A figure is shown only above the minimum number of records; not a valuation.

Mortgage registrations in Festival City

Mortgage registrations: 38

Registered mortgage transactions only, without interest rates and without lenders.

Location and metro

Distance to the nearest metro station: 1.3 km. Dark dot: this area; grey dots: other areas; rings: metro stations. Straight-line distance from the centre of the area; walking routes are longer. Area centres and metro stations: © OpenStreetMap contributors (ODbL). See all areas on the Dubai map

Nearby areas

Around Festival City

Open data for this area (population, service charges, valuations, schools, buildings and leases), each with its source and date; figures below the minimum count are not shown.

Population (estimate, latest year)

Latest figure from the source: 2025

Total: 10,856

Data as of 7 Nov 2026 · Source: Dubai Data and Statistics Establishment (Open Data via data.dubai), https://data.dubai/, under the Dubai Open Data Licence data.dubai

Service charges (median rate per sq ft, latest budget year)

Latest figure from the source: 2026

Total: 3.51 AED/sq ft

Retail	2.27 AED/sq ft
Offices	3.15 AED/sq ft
Residential	19.8 AED/sq ft

Data as of 31 Oct 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Valuations (median value per area unit, 12 months)

Nov 2025 – Nov 2026

Total: AED 1,035 per sq ft

Unit	AED 1,035 per sq ft

Data as of 8 Nov 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Buildings by status (municipality register)

Total: 2,197

New	1,623
Permit Delivered	379
Expired	182
Building Cancelled	10
Approved	3

Data as of 1 Nov 2026 · Source: Dubai Municipality (Open Data via data.dubai), https://data.dubai/, under the Dubai Open Data Licence data.dubai

Building height (median, municipality register)

Total: 9.1 m

Data as of 1 Nov 2026 · Source: Dubai Municipality (Open Data via data.dubai), https://data.dubai/, under the Dubai Open Data Licence data.dubai

Floors per building (median, land register)

Total: 2

Data as of 8 Nov 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Parking spaces per building (median, land register)

Total: 2

Data as of 8 Nov 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Construction projects by status

Total: 718

Open	360
Closed	358

Data as of 31 Oct 2026 · Source: Dubai Municipality (Open Data via data.dubai), https://data.dubai/, under the Dubai Open Data Licence data.dubai

Land parcels by land type (register)

Total: 171

Commercial	165
Industrial	3

Data as of 8 Nov 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Lease contracts by tenant type (12 months)

Nov 2025 – Nov 2026

Total: 1,152

Individuals	564
Companies and authorities	323

Data as of 8 Nov 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Lease contracts by term (12 months)

Nov 2025 – Nov 2026

Total: 1,152

12 months	953
24 months or more	90
13 to 23 months	71
Under 12 months	38

Data as of 8 Nov 2026 · Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae

Festival City: names and DLD area

فستيفال ستي

DLD name Al Kheeran / الخيران

Registered sales, rents and prices for Festival City from Dubai Land Department open data, where the area is registered as Al Kheeran.

Festival City and the DLD area Al Kheeran are the same place.

All area names and DLD names

Market reports

Dubai Market Pulse: Week 44, 2026 · Dubai Market Pulse
Sales & Prices: Week 44, 2026 · Sales & Prices
Rentals & Yields: Week 44, 2026 · Rentals & Yields

Questions about Festival City

What is the median price per sq ft in Festival City?: The median price of registered sales in Festival City was AED 1,343 per sq ft in Nov 2025 – Oct 2026.
What is the gross rental yield in Festival City?: The gross rental yield of ready properties in Festival City was 6.27% in Nov 2025 – Oct 2026, before costs and vacancy.
How many sales were registered in Festival City?: 36 sales were registered in Festival City in Nov 2025 – Oct 2026.
What is the median rent for a 1 bedroom in Festival City?: The median annual rent of registered 1 bedroom contracts in Festival City was AED 87,000 in Nov 2025 – Oct 2026.
What is Festival City called in the Dubai Land Department data?: The Dubai Land Department registers Festival City as Al Kheeran (الخيران).

Method and source

All Dubai areas All area names and DLD names How these figures are calculated Search areas, projects and buildings Market matrix: all areas compared All Dubai projects with figures All Dubai buildings with figures

Figures based on fewer than 3 records are not shown.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Source: Dubai Land Department, open data via data.dubai (as of 9 Nov 2026). Prepared by Zolia; not an official product of the Dubai Land Department.

Open data portal: data.dubai · Licence: Dubai Open Data Licence

Source: Dubai Data and Statistics Establishment (Open Data via data.dubai), https://data.dubai/, under the Dubai Open Data Licence data.dubai
Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae
Source: Dubai Municipality (Open Data via data.dubai), https://data.dubai/, under the Dubai Open Data Licence data.dubai

Festival City: property prices and DLD transactions

Key figures, last 12 months

Price trend in Festival City

Sales per calendar year

Off-plan and ready sales in Festival City

Rents and rental yield in Festival City

Price per sq ft and rents by unit type in Festival City

Sales and rents by property type in Festival City

Sales and rents by time range and property type in Festival City

Mortgage registrations in Festival City

Location and metro

Nearby areas

Around Festival City

Population (estimate, latest year)

Service charges (median rate per sq ft, latest budget year)

Valuations (median value per area unit, 12 months)

Buildings by status (municipality register)

Building height (median, municipality register)

Floors per building (median, land register)

Parking spaces per building (median, land register)

Construction projects by status

Land parcels by land type (register)

Lease contracts by tenant type (12 months)

Lease contracts by term (12 months)

Festival City: names and DLD area

Market reports

Figures for Festival City and other Dubai areas by email

Questions about Festival City

Method and source

More Dubai areas