Myra Residences: Into Dubai South for 10% Down
Myra Residences is a residential apartment project by Sikanta Development in the Residential District of Dubai South (Dubai World Central). It covers studios, 1-bedrooms, and 2-bedrooms, with studios starting at AED 560,000. The payment structure opens with a 10% down payment, notably below what most Dubai off-plan freehold developments require. Construction started in November 2025 and completion is scheduled for March 2027.
Dubai South: A Location Built Around Infrastructure
Dubai South centers on Al Maktoum International Airport and Expo City Dubai, the repurposed site of Expo 2020. The Residential District within it is purpose-built accommodation in a master-planned zone, not a neighborhood that developed organically from street-level demand.
The commute logic is direct. Al Maktoum Airport is minutes from the project. Expo City Dubai is nearby. Sheikh Mohammed Bin Zayed Road connects the area to the broader road network, putting the rest of Dubai and the Abu Dhabi corridor within practical range.
The surrounding environment is still developing. Retail and dining options are building out in phases. The on-site restaurants and landscaped gardens within Myra Residences address part of that gap. Buyers here are typically making a call on where the district is heading, not where it stands today.
Studios from AED 560,000
The entry price is AED 560,000, applying to studio apartments that range from 419 to 546 sq ft across six layouts. That puts the per-square-foot rate at roughly AED 1,025 to AED 1,335, depending on the unit.
The Unit Range
The project spans three bedroom tiers:
- Studios (0-bedroom): six layouts, 419 to 546 sq ft
- 1-bedrooms: three layouts, 935 to 952 sq ft
- 2-bedrooms: five layouts, 1,030 to 1,158 sq ft (some with maid rooms)
Studios suit singles, young professionals, and investors focused on the entry price. The 1-bedrooms at 935 to 952 sq ft are well-proportioned for a couple or professional who wants a distinct bedroom with real room separation. The 2-bedrooms, including maid-room configurations at up to 1,158 sq ft, fit small families or buyers who need a second room for work or guests.
Smart Homes and Indoor Pool
| Category | Amenities |
|---|---|
| Fitness & Wellness | Gymnasium, Indoor Swimming Pool |
| Outdoor & Green | Landscaped Gardens |
| Family | Children's Play Area |
| Technology | Smart home |
| Dining | Restaurants |
| Security | CCTV Security |
Seven amenities covering fitness, outdoor space, family, technology, dining, and security. The smart home inclusion at this price point is the standout. It signals that the project targets buyers and tenants who see connected living as a standard expectation, not a premium upgrade. On-site restaurants carry practical weight in a district where dining alternatives require a car. The indoor pool is the sensible choice for Dubai's climate, where an outdoor pool is unusable for months in summer.
Handover in March 2027
Construction started in November 2025 and completion is scheduled for March 31, 2027, roughly 15 months from now. For an off-plan buyer entering today, that's a compact timeline by Dubai standards. Payments run through active construction, and the unit will be ready to occupy or lease by Q1 2027.
Getting In for 10%
| Payment Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 50% |
| At handover | 40% |
The 10% down payment is below the market standard for Dubai freehold off-plan. Many comparable projects require 20% or more at entry. That lower threshold frees up capital for buyers managing concurrent financial commitments. The 50% construction tranche spreads over roughly 15 months, meaning consistent payment activity through 2026 and into early 2027. The 40% at handover is the largest single payment and arrives in March 2027 when the unit is ready.