Project · Rental yields

P23 Rental Yields 2026

The gross rental yield for P23 is 5.98%, based on the 12 months to 16 Oct 2026: the median annual rent was ⃃ 38,000 and the median sale price ⃃ 635,000 from 13 registered sales. 70 units are currently let. The Dubai-wide gross yield for the same property mix is 4.44%. In 2025 the median rent was ⃃ 36,000, 3.6% higher than 2024.

Period: 12 months to 16 Oct 2026Sample: 13 sales · 70 let unitsUpdated: 17 Oct 2026
Gross rental yield
5.98%
gross, before costs · the 12 months to 16 Oct 2026
Median annual rent
⃃ 38,000
rental contracts · the 12 months to 16 Oct 2026
Median sale price
⃃ 635,000
+51.2% YoY
13 sales · the 12 months to 16 Oct 2026
Units currently let
70
of 95 units on record

Which property type yields most in P23?

Gross yield, median rent and median price over the 12 months to 16 Oct 2026.

Property typeGross yieldMedian rent / yrMedian priceSalesLet units
Commercial8.66%⃃ 55,000⃃ 635,0001320

How have rents in P23 changed since 2015?

Median annual rent and number of registered rental contracts by calendar year. 2026 is year to date.

2015–2026 (to 16 Oct 2026)
P23 median annual rent and rental contracts by year
Rental contractsMedian annual rent (⃃)
20154337,100
20165236,000
20176735,000
20185736,000
20195629,000
202011324,000
20219224,000
20229225,000
20238531,000
20249034,750
20258536,000
2026 YTD6338,000
Registered rental contracts and median annual rent by year, P23. Source: DXBinteract. The same figures are in the table below.
New and renewed contracts combined. Median-rent trends omit years with fewer than 10 contracts; those source rows remain in the table. 2026 runs to 16 Oct 2026.
YearContractsMedian rent / yrRent YoYRent per sq ftPer sq ft YoY
2026 (to 16 Oct 2026)63⃃ 38,000+5.6%⃃ 65+5.4%
202585⃃ 36,000+3.6%⃃ 61+13.4%
202490⃃ 34,750+12.1%⃃ 54+10.3%
202385⃃ 31,000+24.0%⃃ 49+15.7%
202292⃃ 25,000+4.2%⃃ 42+12.0%
202192⃃ 24,0000.0%⃃ 38−21.6%
2020113⃃ 24,000−17.2%⃃ 48−7.8%
201956⃃ 29,000−19.4%⃃ 52−6.7%
201857⃃ 36,000+2.9%⃃ 56−14.5%
201767⃃ 35,000−2.8%⃃ 66−3.6%
201652⃃ 36,000−3.0%⃃ 68−3.3%
201543⃃ 37,100—⃃ 71—

How does P23's yield compare with Al Warsan First and Dubai?

Same property mix, the 12 months to 16 Oct 2026.

MetricP23Al Warsan FirstDubai
Gross rental yield5.98%7.71%4.44%
Median annual rent⃃ 38,000⃃ 40,000⃃ 63,000
Median sale price⃃ 635,000⃃ 519,000⃃ 1,420,000

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How these figures are calculated

Gross rental yield
Annual rent as a percentage of purchase price, as calculated in the source dataset from registered rents and sales of the same place, rounded to two decimal places. It is before service charges, fees, maintenance and vacancy.
Median rent
The middle annual rent of registered contracts in the 12 months to 16 Oct 2026. Yearly rents combine new tenancies and renewals.
Median price
The middle sale price of registered sales in the 12 months to 16 Oct 2026, primary and resale, off-plan and ready.
Units currently let
Units with a rental contract running today.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-rental-yields/p23
P23 Rental Yields 2026. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-rental-yields/p23

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

What is the rental yield in P23?
The gross rental yield for P23 is 5.98% (the 12 months to 16 Oct 2026), with a median annual rent of ⃃ 38,000 and a median sale price of ⃃ 635,000. Gross yield is before service charges, fees, maintenance and vacancy.
What is the average annual rent in P23?
The median annual rent for P23 was ⃃ 38,000 in the 12 months to 16 Oct 2026. Across calendar year 2025 it was ⃃ 36,000 from 85 rental contracts.
Is P23 a high-yield location compared with Dubai?
P23's gross yield of 5.98% is above the Dubai-wide 4.44% for the same property mix (the 12 months to 16 Oct 2026).
How is gross rental yield calculated?
Gross rental yield is annual rent divided by purchase price, times 100. It ignores service charges, agency and DLD fees, maintenance and void periods, so net yield is lower. DXBinteract uses registered rental contracts and registered sales for the same place and period.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-rental-yields/p23