Myra by Sikanta price and payment plan: studios from Dh680,000 in Dubai South, keys in under a year

Skyview Real Estate Brokers is the exclusive sales partner for Myra by Sikanta in Dubai South. That means the availability, the floor plates and the current price list come from us directly rather than from a portal listing, and it means I can tell you which units are actually left.

One thing to clear up before the numbers, because the names collide. This is Myra by Sikanta in Dubai South. It has nothing to do with Myra Onyx in Nad Al Hamar, which is a different building by a different developer with a different structure entirely. Same first word, no other connection.

It also means you should read what follows knowing I have a commercial interest in it. So I am going to do what I always do: give you the numbers, tell you which ones I like and why, and be specific about what I would still check.

Myra price list, unit sizes and payment plans

• Developer: Sikanta Developments. Location: Dubai South Residential District, minutes from Al Maktoum International Airport.
• One building, ground plus five floors, with a basement parking level. 64 apartments: 20 studios, 12 one bedrooms and 32 two bedrooms.
• Studios 419 to 546 sqft, one bedrooms 935 to 952 sqft, two bedrooms 1,028 to 1,158 sqft. Some two bedrooms include a maid's room.
• Studios from Dh680,000, one bedrooms from Dh1.1M, two bedrooms from Dh1.32M.
• Two payment plans: the standard 40/60, and a 30/70 variant added since launch that pushes 70 percent to completion.
• Handover: Q2 2027. Construction started in Q4 2025 and is well advanced.
• Freehold for all nationalities.
• Amenities: rooftop swimming pool, kids' pool, gym, kids' play area, landscaped gardens, yoga zones, spa and sauna, rooftop terrace and a social lounge. Smart home with Google Nest integration, digital key access and 24/7 CCTV.

Myra handover date, and why it is the headline

Q2 2027 is under a year away, call it nine to ten months. That is the single most important fact in this brief and it is worth sitting with, because almost nothing else being sold in Dubai right now hands over that soon.

Most of what is launching this year completes in 2029 or 2030. On a 2030 project your money goes in and then sits, doing nothing, for four years, inside a master plan that will need another phase or two before the neighbourhood feels finished. I made exactly this argument against a launch priced above ready stock in my read on Valia by Emaar, and it is the same argument in reverse here.

Under a year means your capital starts earning in 2027 rather than 2030. It also means you reach the point where off plan value is normally recognised, which is completion, three years sooner than the buyer next to you who took the shiny tower.

Myra price per square foot

Divide each starting price by the smallest unit in its type and the ranking is not the one you would expect.

In July 2026 primary apartments across Dubai averaged Dh1,724 per square foot and resale apartments Dh1,449. All three lines here come in below the primary average, and the one and two bedroom come in below the resale average as well, which is to say you are paying second hand money for a new build handing over next year.

The one bedroom is the anomaly worth noticing. At about Dh1,176 per square foot it is cheaper per foot than the two bedroom, which almost never happens, and there are only twelve of them in the building. Studios carry the highest price per foot, as they always do, because a kitchen and a bathroom spread over 419 feet rather than 935.

The Myra payment plans, and what they say about the developer

This is the part I would not skip, and it is the reason I am comfortable putting our name on the project.

Here is the schedule, in full.

Forty percent across the build, sixty percent when you get the keys. There is also a 30/70 variant, added since launch, which moves another ten points past handover and leaves the developer holding just thirty percent while they build. Ask which plan is available on the unit you are looking at, because that is a real difference in how much of your capital is committed before you own anything.

Now compare either of those against the plans I have written up on this site recently: The Archive collects 50 or 60 percent before handover depending on which plan you take, and Valia collects 80 percent.

Read what that means for the developer. Sikanta is building essentially the entire building on their own balance sheet while holding 30 to 40 percent of your money. They do not get paid properly until they hand you a key. A delayed building is a delayed payday.

That is the alignment I look for and rarely find. A plan that front loads the developer's cash removes their urgency, because they already have most of your money whether the building finishes on time or not. A plan weighted to handover does the opposite. When someone asks me what to look for in an off plan purchase, this is near the top of the list, above the amenity deck and above the render.

Low rise, and why that solves a problem you have seen before

The whole scheme is ground plus five. Sixty four apartments in one building, with basement parking.

Anyone who has driven in Jumeirah Village Circle at six in the evening knows what happens when you put towers of twenty to forty floors on internal roads that were laid out for something lower. The density arrived faster than the road network, and residents have been paying for it in commute time ever since. It is the most common complaint I hear about an otherwise sensible investment area.

Dubai South's residential district is being built the other way round: low rise blocks on a road grid that was planned before the buildings. A G+5 with sixty four apartments does not put a rush hour queue on the street outside it. You will not be waiting four cycles at the exit of your own community.

I am not claiming Dubai South has no growing pains. It has plenty, and I set them out honestly in the Dubai South thesis. But the specific failure mode that made JVC frustrating, vertical density outrunning horizontal infrastructure, is not the failure mode being built here.

What is actually going up around this address

Dubai South is not a location that depends on a brochure promise. The things being built around it are funded, under construction and announced by the government.

• Al Maktoum International: the AED 128 billion expansion is designed for 260 million passengers a year, twelve million tonnes of cargo, five parallel runways and more than four hundred aircraft stands. When complete it is the largest airport in the world by some distance. The first phase alone targets around 150 million passengers a year, and Dubai confirmed in June 2026 that phase one remains on schedule for operations in 2032.
• Jebel Ali Free Zone: more than 11,000 companies operate there today, over a hundred of them Fortune Global 500. This is not future employment, it is present employment, and it sits on the same side of the city.
• Expo City Dubai: the Expo 2020 legacy site, now a working mixed use district rather than an event venue, minutes up the road.
• Palm Jebel Ali: Nakheel's second palm is at phased handover from late 2026 and is planned to house around 35,000 families. That is a large, high income population arriving in the same corridor.
• The logistics corridor: Dubai South contains a 200 square kilometre customs bonded zone linking air, land and sea freight. It is the reason the employment base here is structural rather than speculative.

The money has already noticed. Dubai South property transactions passed AED 15 billion in the first five months of 2025, against AED 16.1 billion for the whole of 2024.

Day to day shopping is already served within the residential district, and South Bay Mall is under development in the same corridor, between Expo City and the airport.

Who Myra actually suits

The tenant here is not speculative. It is airport and aviation staff, free zone employees, logistics and Expo City workers, and the contractors building all of the above. That is a workforce that needs a studio or a one bedroom near where it works, and it is arriving on a schedule set by construction programmes rather than by sentiment.

For an investor, the studio and one bedroom are the units that match that demand most directly. A two bedroom with a maid's room serves a family already working in the corridor, which is a smaller but stickier tenant.

What I would still check, even as the exclusive partner

• Get the payment plan and the price in writing for your specific unit. There are two plans now, the 40/60 and the 30/70, and portal listings for this project are carrying older launch figures, so take the numbers from the current sheet rather than from an aggregator.
• Ask for the service charge estimate. It has not been published, and it is the line that decides your net yield rather than your gross. See what service charges really cost.
• Ask which specific unit the starting price belongs to. A Dh680,000 studio at 419 sqft and one at 546 sqft are very different purchases per foot, and the same is true across the one and two bedroom range.
• Read the Dubai South risks. I wrote them down before we took this mandate and I have not changed them: the Dubai South thesis.
• Run the numbers yourself rather than taking mine. The net yield calculator and the payment plan comparator are on this site and they do not care who is selling.

My take on Myra

I like this one, and I will tell you exactly why in one sentence: it hands over inside a year, and the developer only gets paid properly when it does.

On the 30/70 that is even starker. Seventy percent of the price sits in your account until they hand you a key, which is a structure I almost never see on a building that completes this soon.

Everything else is supporting evidence. Low rise on a planned grid, so no JVC style bottleneck. An entry ticket at Dh680,000, with every unit type pricing below the citywide primary apartment average, in a corridor where the government is spending AED 128 billion on an airport. A tenant base that is employed rather than imagined. And a payment structure that puts the developer's incentive on the same side as yours instead of collecting eighty percent up front and leaving you to hope.

What it is not: a trophy address, a waterfront view, or a quick flip. Dubai South is a corridor you buy for what it becomes over five to ten years, and the honest risks are in the thesis piece linked above.

We hold this project exclusively, so if you want the current price list, the remaining unit numbers and the floor plates, that comes from us. Message me and I will send what is actually available today rather than what was available at launch.

Sources: project specification, unit mix and handover date from Sikanta Developments material and the Property Finder new-projects listing; payment plans as held by Skyview Real Estate Brokers as exclusive sales partner. Al Maktoum expansion figures from the announced airport programme; Jebel Ali Free Zone company count from Jafza; Palm Jebel Ali handover and household figures from Nakheel reporting; Dubai South transaction figures from 2025 market reporting. Renders and the April 2026 site photograph via public project listings. Provided for information only, not financial or investment advice.