Miska 3, Downtown Dubai
Miska 3 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 and 2-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
3 (+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 3
Miska 3 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 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 sales recorded by propsearch.ae show recent one-bedroom transactions in Miska 3 at roughly AED 1.96 million to AED 2.2 million, around AED 2,016 to AED 2,195 per square foot, with a larger two-bedroom unit trading at around AED 3.35 million.
Miska 3 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 3 only; the other four buildings are separate properties. Storey count is disclosed as 3 (+1 basement) based on Propsearch's structured building-data field, corroborated by Homeland's floor-plan document range (Ground, First and Second Floor only); a separate Bayut source states 5 floors, but that same Bayut article also carries a demonstrated internal error (a reference to "Miska 4" inside its own Miska 3 metro-station section) and an unsupported 3-bedroom claim contradicted by its own body text and floor-plan headings, so its floor count was not treated as the more reliable figure here.
Location & Nearby Landmarks
Miska 3 sits in the Miska Quarter of Old Town, within a couple of minutes of Kamoon 1 and Reehan 7, its closest neighbouring buildings. Burj Khalifa, The Dubai Fountain and Dubai Mall are all a few minutes away, and the building is close to restaurants including Zen, Texas Roadhouse and Thiptara, with Souk Al Bahar and the Dubai Aquarium and Underwater Zoo also a short drive away.
Two other buildings in the same Miska cluster are covered separately on royalestays.com: Miska 2 and Miska 4, plus Reehan 7, one of Miska 3'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 3 offers a mix of 1 and 2-bedroom freehold apartments. Recent Dubai Land Department-tracked sales recorded by propsearch.ae show one-bedroom units ranging from around 934 to 1,012 sq ft trading between roughly AED 1.96 million and AED 2.2 million, and a 1,324 sq ft two-bedroom unit selling for around AED 3.35 million.
Amenities
Miska 3 offers a swimming pool, fitness club, steam room, sauna and a table tennis court, plus indoor and outdoor children's play areas, a clubhouse and secure underground parking. The building has 24-hour CCTV-monitored security, round-the-clock concierge service, on-site maintenance and is pet-friendly, per Bayut's building guide.
Transportation & Access
Bus stops including South Ridge Tower 1, South Ridge Tower 2 and Lake Central Tower are all around 4 minutes' walk from Miska 3. Business Bay Metro Station is roughly an 8-minute drive, Burj Khalifa/Dubai Mall Metro Station about 9 minutes and Financial Centre 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, the two unit types Miska 3 offers.
Building-specific data tracked by propsearch.ae shows Miska 3 apartments selling between roughly AED 1.96 million and AED 3.35 million through 2025 and 2026, at price points from about AED 2,016 to AED 2,530 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
Unlike its sibling Miska 2, Miska 3 does not currently have a visible third-party Airbnb or Booking.com listing of its own, and no dedicated competitor short-term rental page for this specific building was found in a targeted search. That is an honest gap in the building's current market presence, not a policy or permit issue.
Because Miska 3 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 3, and no independent third-party short-term rental listing for this specific building was found at the time of writing (unlike Miska 2, which has one). 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