Myra Residences in Dubai South (Dubai World Central)
Myra Residences · Dubai South (Dubai World Central), Dubai
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Launch Price
AED 560,000
Property Type
Apartment
Bedrooms
Studio, 1 - 2 Beds
Payment Plan
10/50/40
Handover
Q1 2027
Projected Yield
6.7 to 9.2%
Myra Residences is bringing studio, 1 - 2 beds off-plan apartments to Dubai South (Dubai World Central) in Dubai, priced from AED 560,000. A 10% booking payment secures the unit. Construction-phase instalments total 50%, with the remaining 40% due at handover scheduled for Q1 2027. This emerging Dubai corridor shows projected gross yields in the 6.7 to 9.2% range, with further appreciation expected as amenities and access improve. Buyers at the AED 5,000 monthly instalment level may qualify for units in Myra Residences. MonthlyDubai can check against your specific budget.
Payment Plan Breakdown
From AED 23,333/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 56,000 Due on signing SPA |
|
| During Construction | 50% | AED 23,333/mo 12 monthly instalments |
|
| On Handover | 40% | AED 224,000 Due at Q1 2027 |
|
| Total | AED 560,000 | ||
On Booking
10%
AED 56,000
Due on signing SPA
During Construction
50%
AED 23,333/mo
12 monthly instalments
On Handover
40%
AED 224,000
Due at Q1 2027
Total
100%
AED 560,000
Questions about Myra Residences
What payment plan does Myra Residences offer?
Myra Residences uses a 10/50/40 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in Q1 2027.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Myra Residences fits your budget and send you comparable alternatives.
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