Miska 5, Downtown Dubai
Miska 5 is a low-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
4 (+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 5
Miska 5 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 four-storey building 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, per Bayut's building guide. It carries an active resale market: Dubai Land Department-tracked sales recorded by propsearch.ae show recent one-bedroom transactions in Miska 5 ranging from around AED 1.2 million to AED 2.05 million, and a two-bedroom unit trading at around AED 2.7 million in December 2024.
Miska 5 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-rise building rather than phases of one tower. Bayut's own building guide for Miska 5 itself names Miska 2 (2 minutes away) and Miska 3 (3 minutes away) as distinct neighbouring buildings in the same complex, directly corroborating that this is a separate structure, not a duplicate or a phase-numbering trap. This guide covers Miska 5 only; the other four buildings are separate properties. Storey count (4, plus one basement level) is corroborated by two independent sources with no conflict: propsearch.ae's structured building-data field states '4 storeys (+1 basement level)' and Bayut's own 'In a Nutshell' summary box separately states 'Number of floors: 4'. Unit mix (1, 2 and 3-bedroom apartments) is sourced from Bayut's detailed floor-plan descriptions covering all three sizes; the Dubai Land Department transaction sample reviewed for this guide showed only 1 and 2-bedroom sales, which is not treated as a contradiction since only a partial sample of the building's 50 recorded transactions was reviewed, and this discrepancy is flagged here for the conductor's 0b spot-check.
Location & Nearby Landmarks
Miska 5 sits in the Miska Quarter of Old Town, within a couple of minutes of Miska 2 and Miska 3, its closest neighbouring buildings, with Attareen Old Town Island around 10 minutes away. Burj Khalifa, The Dubai Fountain and Dubai Mall are all a short drive away, and Dubai Aquarium & Underwater Zoo, Burj Park by Emaar and The Green Planet are also within about 15 minutes.
Two other buildings in the same Miska cluster are covered separately on royalestays.com: Miska 2 and Miska 3, both directly confirmed by Bayut as Miska 5's own nearest neighbouring buildings, plus Miska 4, the fourth building in the same numbered series. 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 5 offers a mix of 1, 2 and 3-bedroom freehold apartments, per Bayut's building guide. One-bedroom units run around 967 sq ft with two bathrooms, two-bedroom units around 1,335 sq ft with three bathrooms, and three-bedroom units are described as exceptionally spacious with multiple balconies. Dubai Land Department-tracked sales recorded by propsearch.ae show recent one-bedroom transactions from 819 to 1,107 sq ft trading between roughly AED 1.2 million and AED 2.05 million, and a 1,309 sq ft two-bedroom unit selling for around AED 2.7 million in December 2024.
Amenities
Miska 5 offers a swimming pool, a children's play area and private garden areas for ground-floor apartments, plus covered parking, multiple high-speed elevators, 24-hour CCTV-monitored security, concierge service and smoke detectors throughout the property. The building is pet-friendly, per Bayut's building guide.
Transportation & Access
Bus stops including Lake Central Tower, South Ridge Tower 1 and Lake Central Tower 2 are all around 4 to 6 minutes' walk from Miska 5. Dubai Mall Metro Station is roughly a 9-minute drive, Business Bay Metro Station about 8 minutes and Emirates Tower Metro Station around 10 minutes away.
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, two of the three unit types Miska 5 offers.
Building-specific data tracked by propsearch.ae shows Miska 5 apartments selling between roughly AED 1.2 million and AED 2.7 million through 2024 and 2026, at price points from about AED 1,241 to AED 2,259 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 5 shows a positive short-term rental signal: Dubizzle's own listings taxonomy carries a dedicated 'short-term daily' category page specifically for Miska 5, alongside at least one individual short-term listing found in the building, an honest signal of real existing STR activity rather than an assumption.
Because Miska 5 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.
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 5. The short-term rental signal cited above is a portal-level taxonomy result (Dubizzle's own 'short-term-daily' category naming Miska 5 specifically, confirmed via a direct search-engine result snippet and URL structure) rather than a verified live listing screenshot -- direct fetch of the Dubizzle page itself was blocked by that site's own anti-bot check at research time, so this is disclosed as a moderate-confidence signal, not a confirmed operator-run STR page of the kind found for Miska 2. This guide does not claim a specific short-term rental income figure for the building. Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
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