Miska 1, Downtown Dubai
Miska 1 is a mid-rise residential building in the Miska Quarter of Old Town, the Arabian-style district Emaar Properties built around Burj Khalifa in Downtown Dubai. It holds a mix of freehold 1, 2 and 3-bedroom apartments, a short drive from Burj Khalifa, The Dubai Fountain and Dubai Mall. Royale Stays manages the setup, pricing and guest side of running a short-term rental in the building for a fee from 15%.
Storeys
7 (+1 basement level)
Developer
Emaar Properties
Completed
Old Town Island, mid-2000s
Unit Mix
1, 2 & 3-bedroom apartments
Area
Miska Quarter, Old Town, Downtown Dubai
About Miska 1
Miska 1 is one of five numbered buildings in the Miska cluster, part of Old Town, the Arabian-style sub-community Emaar Properties built around Burj Khalifa in Downtown Dubai. It is a mid-rise building of 7 storeys with one additional basement level used for parking, built in the sandstone-clad, arched-courtyard style the district is known for.
The building holds freehold 1, 2 and 3-bedroom apartments, confirmed by Bayut and cross-checked against Dubai Land Department-tracked sales recorded by propsearch.ae, which show a recent one-bedroom sale at around AED 900,000 (about AED 1,991 per square foot), two-bedroom sales and mortgage registrations between roughly AED 2.28 million and AED 3.75 million, and a three-bedroom unit trading at around AED 5.9 million (about AED 3,001 per square foot).
Miska 1 is part of a genuine five-building numbered series (Miska 1 through Miska 5) inside Old Town's Miska Quarter, each a physically separate low or mid-rise building rather than phases of one tower, confirmed via Bayut's own Buildings Nearby module for Miska 1, which explicitly lists Miska 2, Miska 3 and Miska 5 as separate neighbouring buildings (Miska 5 is not yet live on royalestays.com; Miska 4 is linked instead below as the third live sibling in the same complex). Storey count is disclosed as 7 (+1 basement) based on Propsearch's structured building-data field, corroborated by Citysearch's own separate 7-floor figure; a conflicting Bayut summary-box figure of 6 floors was treated as the minority reading and not asserted, the same pattern this batch's Miska 3 brief used for its own Bayut storey-count outlier. Unlike sibling buildings Miska 2, Miska 3 and Miska 4 (which offer only 1 and 2-bedroom apartments per their own published briefs), Miska 1 genuinely includes 3-bedroom units, confirmed independently by both Bayut's floor-plan section and Propsearch's Dubai Land Department transaction history -- a real point of physical distinction between this building and its numbered siblings, not just a naming difference.
Location & Nearby Landmarks
Miska 1 sits in the Miska Quarter of Old Town, close to South Ridge Tower 1 and South Ridge Tower 2, its nearest bus stops, around a 3-minute walk away. Burj Khalifa, The Dubai Fountain and Dubai Mall are all a short distance away, and the building is close to restaurants including Ting Irie, Em Sherif Cafe and Sargon Dubai, with The Maine Land Brasserie, Bice Mare and Jun's also nearby for fine dining.
Three other buildings in the same Miska cluster are covered separately on royalestays.com: Miska 2, Miska 3 and Miska 4. For a wider view of the area's short-term rental market, Royale Stays' Airbnb management guide for Downtown Dubai covers licensing and demand across the community.
Unit Types
Miska 1 offers a mix of 1, 2 and 3-bedroom freehold apartments, a broader unit mix than several of its numbered Miska siblings. Bayut's own floor plans list one-bedroom units at around 1,200 sq ft, two-bedroom units at around 1,426 sq ft and three-bedroom units at around 1,996 sq ft, though Dubai Land Department-tracked sales recorded by propsearch.ae show a wider range of unit sizes actually transacting, from a 452 sq ft one-bedroom sale up to a 1,966 sq ft three-bedroom sale, so exact square footage varies by specific unit rather than a single fixed figure per bedroom count.
Amenities
Miska 1 offers an outdoor swimming pool, a fully equipped gym, sauna and jacuzzi, plus a kids' play area, outdoor gardens and a first aid medical centre. The building has 24-hour CCTV security, round-the-clock concierge service in the lobby, underground parking and regular maintenance services, per Bayut's building guide.
Transportation & Access
South Ridge Tower 1 and South Ridge Tower 2 bus stops are around a 3-minute walk from Miska 1, served by several routes including Bus 50 and Bus 51. Business Bay Metro Station is roughly a 7-minute drive and Burj Khalifa/Dubai Mall Metro Station about 9 minutes away, both on the Red Line of the Dubai Metro.
Rental & Price Trends
Downtown Dubai rents held broadly stable through H1 2026, per Bayut's Dubai Rental Market Report, which puts the area's average annual rent at AED 133,000 for a one-bedroom and AED 223,000 for a two-bedroom apartment. Miska 1 also offers three-bedroom units, for which no area-wide average rent figure has been published separately.
Building-specific data tracked by propsearch.ae shows Miska 1 apartments selling or being mortgaged between roughly AED 900,000 and AED 5.9 million through 2025 and 2026, at price points from about AED 1,622 to AED 3,001 per square foot. Live listing prices move regularly and should be checked directly for a specific unit rather than relied on as a fixed figure. Owners weighing a specific unit's numbers can run their own scenario through Royale Stays' ROI calculator.
STR Income Potential
Miska 1 has a genuine third-party short-term rental presence: New Arabian Holiday Homes, a Dubai holiday-home operator, lists a dedicated furnished apartment inside Miska 1 with a Burj Khalifa view, and a separate short-term listing for a two-bedroom unit in the building appears on Dubizzle. This is a positive, real signal for this specific building, not an invented one.
Because Miska 1 is developed by Emaar rather than Vida, the site's only confirmed prohibited brand for short-term letting, there is no policy reason apartments here cannot be run as licensed holiday homes. Royale Stays' own managed Downtown Dubai portfolio shows gross annual income in the region of AED 130,000 to AED 175,000 for a one-bedroom and AED 190,000 to AED 280,000 for a two-bedroom, per the Downtown Dubai Airbnb rental income data. No published figure exists yet for a three-bedroom unit in this specific portfolio.
Royale Stays runs the full operation for a fee starting from 15%, covering furnishing, photography, pricing, check-in and guest communications, with a single monthly statement covering revenue, fee, costs and net transfer. Owners ready to move forward can submit their property for a free earnings estimate.
No Royale Stays-managed unit currently exists at Miska 1. The third-party short-term listings referenced above (New Arabian Holiday Homes, Dubizzle) are independent competitor listings, not Royale Stays-operated units, cited only as evidence that short-term letting already happens in this specific building. Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions