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Dubai project data

The Terraces: rents and rent contracts

ذا تيراسز

Registered sales and rent contracts for the project The Terraces in Al Merkadh, from Dubai Land Department open data.

The Terraces (Al Merkadh): 110 registered rent contracts in the 12 months to September 2026, median annual rent AED 125,000. Source: Dubai Land Department open data via data.dubai, as of 23 Oct 2026, calculated by Zolia.

Key figures, last 12 months

Data as of 23 Oct 2026 · Period Oct 2025 – Sep 2026

Registered sales
19
no comparison vs previous 12 months
Median price per sq ft
AED 1,965 per sq ft
no comparison vs previous 12 months
Median sale price
AED 2.2m
Off-plan share of sales
under 3
Registered rent contracts
110
Median annual rent
AED 125,000
Gross rental yield
under 30 sales (19)
Mortgage registrations
23
Units in the register
251

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

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

“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.

Off-plan and ready sales in The Terraces

StatusSalesMedian per sq ftMiddle range per sq ft
Off-planunder 3under 3under 3
Ready19AED 1,965 per sq ft1,855 – 1,996

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

“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.

Rents and rental yield in The Terraces

Registered rent contracts
110
Median annual rent
AED 125,000
Middle range of registered annual rents: AED 93,000 – AED 150,000
Median annual rent per sq ft
AED 125 per sq ft
Gross rental yield
under 30 sales (19)

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

Too few ready apartment sales for a gross rental yield: 19 in the period, at least 30 needed. Land, whole buildings, villas and commercial units are not counted.

“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.

Price per sq ft and rents by unit type in The Terraces

Unit typeSalesMedian per sq ftMedian annual rentGross yield
1 bedroom5AED 1,996 per sq ftAED 92,000under 30 sales (5)
2 bedrooms13AED 1,899 per sq ftAED 150,000under 30 sales (13)
3 bedroomsunder 3under 3AED 247,000under 3 sales

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

“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.

Price trend in The Terraces

MonthSalesMedian per sq ftRent contracts
Oct 2024under 3under 36
Nov 20243AED 1,964 per sq ft4
Dec 2024under 3under 33
Jan 2025under 3under 312
Feb 20255AED 1,793 per sq ft12
Mar 20253AED 1,476 per sq ft17
Apr 2025under 3under 35
May 20253AED 1,958 per sq ft8
Jun 2025under 3under 35
Jul 20253AED 1,942 per sq ft14
Aug 2025under 3under 312
Sep 2025under 3under 315
Oct 2025under 3under 314
Nov 2025under 3under 35
Dec 2025under 3under 34
Jan 2026under 3under 310
Feb 20263AED 1,962 per sq ft10
Mar 20263AED 1,996 per sq ft13
Apr 2026under 3under 35
May 2026under 3under 33
Jun 2026under 3under 37
Jul 2026under 3under 313
Aug 2026under 3under 311
Sep 2026under 3under 315
Sales per calendar year
YearSalesMedian per sq ft
201929AED 1,216 per sq ft
2020197AED 1,211 per sq ft
20219AED 1,062 per sq ft
202216AED 1,252 per sq ft
202390AED 1,460 per sq ft
202421AED 1,798 per sq ft
202522AED 1,900 per sq ft

“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.

Location

The Terraces is a project in the DLD area Al Merkadh.

Names as in the registered transactions and rent contracts; company names are not shown.

More projects in Al Merkadh

Questions about The Terraces

How many sales were registered in The Terraces?
19 sales were registered in The Terraces in Oct 2025 – Sep 2026.
What is the median price per sq ft in The Terraces?
The median price of registered sales in The Terraces was AED 1,965 per sq ft in Oct 2025 – Sep 2026.
What is the median annual rent in The Terraces?
The median annual rent of registered rent contracts in The Terraces was AED 125,000 in Oct 2025 – Sep 2026.
Which DLD area is The Terraces in?
The Terraces is registered in the Dubai Land Department area Al Merkadh.

Method and source

All Dubai projects with figuresAll Dubai areasHow these figures are calculated

Figures based on fewer than 3 records are not shown.

Source: Dubai Land Department, open data via data.dubai (as of 23 Oct 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 Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae