New homes in Nirvana Residences 1 start at AED 650,000; keys are due Dec 2028; you pay 15% to book, 25% while it is built and 60% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 565 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in International Media Production Zone. Their median price is AED 1,587 per sq ft (about AED 709,000 at 447 sq ft). This project's from price is AED 1,454 per sq ft (AED 650,000 for its smallest home, 447 sq ft), 8% less.
Keys
Dec 2028
The developer's handover date
Payment plan
15 / 25 / 60
15% to book, 25% while it is built, 60% at the keys
Bedrooms
Studio to 3 beds
Sizes
447 to 2,092 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,454 per sq ft
Similar off-plan homes: AED 1,587 per sq ft
RERA project
4313
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Nov 11, 2026
Completion on the register
Dec 2028
DLD shows only the current date. We have recorded it since Nov 11, 2026 and it hasn't moved.
Escrow account
بنك دبي الاسلامي (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
326
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 15% when you book, 25% as the building goes up, and 60% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 15%
Booking
15%
AED 97,500+ AED 26,000 DLD fee
AED 123,500
Feb 2027While it is built · 3.1%
While it is built
3.1%
AED 20,313
AED 143,813
May 2027While it is built · 3.1%
While it is built
3.1%
AED 20,312
AED 164,125
Jul 2027While it is built · 3.1%
While it is built
3.1%
AED 20,313
AED 184,438
Oct 2027While it is built · 3.1%
While it is built
3.1%
AED 20,312
AED 204,750
Jan 2028While it is built · 3.1%
While it is built
3.1%
AED 20,313
AED 225,063
Apr 2028While it is built · 3.1%
While it is built
3.1%
AED 20,312
AED 245,375
Jun 2028While it is built · 3.1%
While it is built
3.1%
AED 20,313
AED 265,688
Sep 2028While it is built · 3.1%
While it is built
3.1%
AED 20,312
AED 286,000
Dec 2028Keys · 60%
Keys
60%
AED 390,000
AED 676,000
Booking payment, 15%
AED 97,500
Dubai Land Department fee (Oqood), 4%
AED 26,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 123,500
Total costPrice plus the DLD fee
AED 676,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 565 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in International Media Production Zone, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Nirvana Residences - I sold in 24 months, so we compare with off-plan sales across International Media Production Zone.
Dubai Land Department recorded 565 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in International Media Production Zone, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,587 per sq ft
AED 1,037 to AED 1,145 per sq ft
3 sales
AED 1,145 to AED 1,253 per sq ft
26 sales
AED 1,253 to AED 1,361 per sq ft
51 sales
AED 1,361 to AED 1,468 per sq ft
113 sales
This project's from price is in this band.
AED 1,468 to AED 1,576 per sq ft
82 sales
AED 1,576 to AED 1,684 per sq ft
115 sales
AED 1,684 to AED 1,792 per sq ft
128 sales
AED 1,792 to AED 1,900 per sq ft
47 sales
AED 1,037 per sq ftAED 1,900 per sq ft
This project AED 1,454 per sq ft
Half of the sales sold for AED 1,420 to AED 1,712 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,037 to AED 1,145 per sq ft
3
AED 1,145 to AED 1,253 per sq ft
26
AED 1,253 to AED 1,361 per sq ft
51
AED 1,361 to AED 1,468 per sq ft
113
AED 1,468 to AED 1,576 per sq ft
82
AED 1,576 to AED 1,684 per sq ft
115
AED 1,684 to AED 1,792 per sq ft
128
AED 1,792 to AED 1,900 per sq ft
47
The 3 closest sales
Picked from the 565 similar sales above, closest in size to this project's smallest home.
Sep 2026AED 781,493AED 1,747 per sq ftNirvana Residences - I, 447 sq ft
Sep 2026AED 781,493AED 1,747 per sq ftNirvana Residences - I, 447 sq ft
Jun 2026AED 742,954AED 1,661 per sq ftNirvana Residences - I, 447 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Production City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 650,000 here
Off-plan medianAED 701,000AED 1,645 per sq ft
Sales943
8% below 565 similar sales
1-bed apartment
Off-plan medianAED 1,109,000AED 1,353 per sq ft
Sales1,006
2-bed apartment
Off-plan medianAED 1,589,000AED 1,275 per sq ft
Sales378
3-bed apartment
Off-plan medianAED 2,175,000AED 1,274 per sq ft
Sales78
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
6.2%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
4.9%
Typical gross yield of similar ready homes
9.8%
Median rent of studio apartments in Dubai Production City
AED 40,000 a year
Service charge a year, from the keysThe area median, AED 15 per sq ft from 6 buildings, as of 2023, for the smallest home (447 sq ft)
AED 6,705
Rent contracts counted
1,502
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 40,000 a year
1-bed apartment
AED 63,000 a year
2-bed apartment
AED 85,000 a year
3-bed apartment
AED 160,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 40,000 ÷ AED 650,000 = 6.2%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Jumeirah Golf Estates Metro Station4.5 km, 21 min driveMetro station
Victory Heights Primary School2.1 km, 9 min driveSchool
Dwight School Dubai2.8 km, 8 min driveIB school
JSS International School4.4 km, 13 min driveIndian school
Nirvana Residences 1 is a Meraki Developers apartment building in Dubai Production City, with studios to 3-bedroom homes from AED 650,000 and handover listed for December 2028. The price check puts the from price per square foot 8.4% below 565 similar sales over the 12 months to November 2026, and 60% of the price is due on handover.
Two things stand out here: the price and the shape of the plan. The from price per square foot is 8.4% below 565 similar sales in International Media Production Zone over the 12 months to November 2026.
The plan is 15% on booking, 25% during construction and 60% on handover, listed for December 2028. At the from price that is AED 97,500, AED 162,500 and AED 390,000. Separately, the 4% DLD fee comes to AED 26,000; ask when it is due.
Sizes are given per bed type: studios about 447 sq ft, one-bedroom homes about 775 sq ft, two-bedroom homes about 1,216 sq ft and three-bedroom homes about 2,092 sq ft. Some descriptions list only studios to two bedrooms, so confirm that three-bedroom units are on sale, and that the sale agreement names Nirvana Residences 1. Apartments are described as semi-furnished; ask what that includes. Residents get a padel court, indoor and outdoor gyms, outdoor yoga spaces, a children's play area and a swimming pool.
By our map, Mediclinic Meaisem is about 510 m away, about an 8-minute walk on our estimate. Victory Heights Primary School is about 2.1 km away and Dwight School Dubai about 2.8 km. Jumeirah Golf Estates Metro Station is about 4.5 km away, about 21 minutes by car, and JBR beach about 8.2 km.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
Studio
How prices moved
Median price of studio apartments in Dubai Production City, over the 12 months to each dateUp 2% from Dec 2024 to Sep 2026.
Dec 2024AED 1,613 per sq ft
Sep 2026AED 1,645 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,645 per sq ft
943 sales
Jun 2026
AED 1,676 per sq ft
1,461 sales
Mar 2026
AED 1,574 per sq ft
2,341 sales
Dec 2025
AED 1,516 per sq ft
2,615 sales
Sep 2025
AED 1,507 per sq ft
2,540 sales
Jun 2025
AED 1,465 per sq ft
2,150 sales
Mar 2025
AED 1,532 per sq ft
1,194 sales
Dec 2024
AED 1,613 per sq ft
682 sales
Off-plan sales only.
Questions about this project
Who is building Nirvana Residences 1?
Meraki Developers. The apartments are freehold.
How does the price compare with the area?
The from price per square foot is 8.4% below 565 similar sales in International Media Production Zone over the 12 months to November 2026.
How much is due on handover?
60% of the price, AED 390,000 at the from price. Before that you pay AED 97,500 on booking and AED 162,500 during construction. Separately, the 4% DLD fee comes to AED 26,000; ask when it is due.
What sizes can I choose from?
Studios of about 447 sq ft, one-bedroom homes of about 775 sq ft, two-bedroom homes of about 1,216 sq ft and three-bedroom homes of about 2,092 sq ft.
Do the apartments come with furniture?
They are described as semi-furnished. Ask for a written list of what is included.
