Miska 2, Downtown Dubai
Miska 2 is a five-storey 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 and 2-bedroom apartments, a short drive from Burj Khalifa, The Dubai Fountain and Dubai Mall. A third-party operator already markets a unit here on Airbnb, and Royale Stays manages the setup, pricing and guest side of running a short-term rental in the building for a fee from 15%.
Storeys
5 (+1 basement level)
Developer
Emaar Properties
Completed
Old Town Island, mid-2000s
Unit Mix
1 & 2-bedroom apartments
Area
Miska Quarter, Old Town, Downtown Dubai
About Miska 2
Miska 2 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 low-rise, five-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 and 2-bedroom apartments, confirmed by Bayut and Propsearch. It carries an active resale market: Dubai Land Department-tracked transactions recorded by yallavalue.com show recent one-bedroom sales in Miska 2 at roughly AED 2.19 million to AED 2.4 million, around AED 2,300 to AED 2,460 per square foot, with a larger unit trading at around AED 2.83 million.
Miska 2 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. This guide covers Miska 2 only; the other four buildings are separate properties.
Location & Nearby Landmarks
Miska 2 sits in the Miska Quarter of Old Town, within walking distance of South Ridge Tower 1 and its immediate neighbours Miska 1 and Miska 3. Burj Khalifa, The Dubai Fountain and Dubai Mall are all a few minutes away, and the building is close to popular restaurants including Tribes Dubai Mall, Bice Mare Restaurant and The Cheesecake Factory, with fine-dining options such as Tresind Dubai and Mint Leaf of London a short drive away.
Three other Old Town buildings are covered separately on royalestays.com: Reehan 7, Reehan 5 and Bahwan Tower, plus South Ridge Towers, one of Miska 2's own directly confirmed neighbouring buildings. 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 2 offers a mix of 1 and 2-bedroom freehold apartments across its five residential floors. Recent Dubai Land Department-tracked transactions recorded by yallavalue.com show one-bedroom units ranging from around 933 to 1,980 sq ft, with sale prices between roughly AED 2.19 million and AED 2.83 million.
Amenities
Miska 2 offers a swimming pool, sauna, jacuzzi and gym, plus a barbecue area and a children's play area, with facilities for residents with disabilities. The building has on-site parking sized to each apartment, multiple high-speed elevators, CCTV-monitored security and on-site maintenance staff, per Bayut's building guide.
Transportation & Access
Bus stops including Lake Central Tower, Boulevard Walk Tower and South Ridge Tower 1 are all within walking distance of Miska 2. Burj Khalifa/Dubai Mall Metro Station is roughly a 7-minute drive, Business Bay Metro Station about 6 minutes and Financial Centre Metro Station around 8 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, the two unit types Miska 2 offers.
Building-specific data tracked by yallavalue.com shows Miska 2 apartments trading between roughly AED 1.9 million and AED 2.83 million in early 2026, at price points from about AED 1,426 to AED 2,459 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 2 already has a real, visible presence in the short-term rental market: an "Appealing 1BR Apartment at Miska 2 Old Town, Downtown Dubai" is actively marketed on Booking.com by Deluxe Holiday Homes, an operator independent of Royale Stays, which also runs its own dedicated "Short Term Rentals in Old Town Miska 2" page. That is a genuine, external signal of live demand for this specific building, not a hopeful assumption.
Because Miska 2 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 2. The Booking.com listing referenced above is independently operated by Deluxe Holiday Homes and not affiliated with Royale Stays; this guide does not claim a specific short-term rental income figure for the building. Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions