Miska 4, Downtown Dubai
Miska 4 is a nine-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, 2, 3 and 4-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
9 (+1 basement level)
Developer
Emaar Properties
Completed
Old Town Island, mid-2000s
Unit Mix
1, 2, 3 & 4-bedroom apartments
Area
Miska Quarter, Old Town, Downtown Dubai
About Miska 4
Miska 4 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, nine-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, 3 and 4-bedroom apartments, confirmed by Bayut and cross-checked against homeland.ae's individual floor-plan listings across all four unit sizes. Dubai Land Department-tracked transactions recorded by propsearch.ae show recent sales in Miska 4 ranging from around AED 2.45 million for a one-bedroom unit to AED 5 million for a three-bedroom unit, at price points between roughly AED 2,062 and AED 2,543 per square foot.
Miska 4 is part of a genuine five-building numbered series (Miska 1 through Miska 5) inside Old Town's Miska Quarter, each a physically separate building with its own storey count and unit mix rather than phases of one tower. Miska 4's own nine floors and 1 to 4-bedroom unit range differ from neighbouring Miska 2's five floors and 1 to 2-bedroom range. This guide covers Miska 4 only; the other four buildings are separate properties.
Location & Nearby Landmarks
Miska 4 sits in the Miska Quarter of Old Town, within a couple of minutes' walk of Kamoon 1, and close to Miska 1, Miska 2 and Zanzabeel 1, all named as its closest neighbouring buildings. Burj Khalifa, The Dubai Fountain and Dubai Mall are all a few minutes away, and the building is close to casual dining options including The Kana Café, Now Café and Tiramisu Café, plus the wider choice of restaurants inside Dubai Mall.
Another Old Town building is covered separately on royalestays.com: Miska 2, one of Miska 4's own directly confirmed neighbouring buildings, alongside Reehan 7 and Zanzebeel 3. 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 4 offers a wider unit mix than most Old Town buildings: 1, 2, 3 and 4-bedroom freehold apartments spread across nine residential floors. Dubai Land Department-tracked transactions recorded by propsearch.ae show a one-bedroom unit selling for AED 2.45 million at 1,188 sq ft, a two-bedroom for AED 3.2 million at 1,379 sq ft, and three-bedroom units trading between roughly AED 3.86 million and AED 5 million at around 1,950 to 1,966 sq ft.
Amenities
Miska 4 offers a swimming pool, a shared gym and a children's play area, with dedicated resident parking plus visitor parking, high-speed elevators and 24-hour security backed by CCTV monitoring. The building has 24-hour concierge and guest services, district cooling supplied by Emaar, and no restriction on keeping pets, per Bayut's building guide.
Transportation & Access
Bus stops including 8 Boulevard Walk Tower 1, South Ridge Tower 1 and Burj Khalifa, The Palace Hotel are all within a 10-minute walk of Miska 4. The closest metro stations, Business Bay, Burj Khalifa/Dubai Mall Metro Station and Emirates Towers Metro Station, are roughly a 10-minute drive 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 four unit sizes Miska 4 offers.
Building-specific data tracked by propsearch.ae shows Miska 4 apartments trading between roughly AED 1.96 million and AED 5 million in recent Dubai Land Department-recorded sales, at price points from about AED 1,650 to AED 2,543 per square foot. Bayut's own separate market estimate for the building runs somewhat lower for one-bedroom units, around AED 1.4 million to AED 1.5 million. 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 4 does not currently have a visible third-party short-term rental listing of its own, unlike its neighbour Miska 2. That does not rule the building out. It is a standard Emaar-developed freehold property in an area with an established Airbnb market: Old Town and the wider Downtown Dubai community already carry a mix of licensed short-term rentals from multiple operators.
Because Miska 4 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 4, and no independent short-term rental listing specific to this building was found at the time of writing. This guide does not claim a specific short-term rental income figure for Miska 4 itself; the income range above reflects Royale Stays' own managed Downtown Dubai portfolio generally, not this building specifically. Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions