Myra Onyx is a 60-unit boutique building in Nad Al Hamar that I know from the inside: Skyview Real Estate, the brokerage where I work, sells it exclusively. Read everything below knowing that, and then check every number, because the numbers are the argument. This is the most protected cash-flow structure on my desk right now, and I can defend that sentence with a contract rather than adjectives.
The basics
| Item | Detail (as of July 2026) |
|---|---|
| Developer | Myra Real Estate Developments |
| Location | Nad Al Hamar Gardens, Dubai |
| Building | 12 storeys, 60 units, low-density, gated, 24-hour security |
| Mix | 20 one-bedrooms (696-739 sqft), 40 two-bedrooms (1,052-1,341 sqft), all with parking |
| Recorded prices | 1BR Dh903K-990K; 2BR Dh1.42M-1.49M |
| Payment plan | 20/80: 20 percent in, 80 percent on handover |
| Handover | Q3 2026 (construction started September 2024, completion scheduled September 2026) |
| Rental guarantee | 8 percent per year, contractual, for 3 years |
| Service charge | None payable by the owner during the guarantee period |
| Getting around | 13 minutes to DXB airport, 20 minutes to Dubai Mall |
The structure, because the structure is the story
Three clauses do the work here.
First, the 8 percent guaranteed rental income for three years. Not projected, not "expected gross yield in a strong scenario": a contractual 8 percent on the purchase price, each year, for three years from handover. On a Dh950K one-bedroom that is Dh76,000 a year arriving regardless of what the leasing market does.
Second, no service charge through the guarantee period. Most "guaranteed return" offers quietly hand the number back through charges. Here the 8 percent is not being eaten from below.
Third, the 20/80 plan pairs with a mortgage cleanly. You put 20 percent in now; the 80 percent balance lands at handover, which is exactly where a mortgage picks it up. At current lending rates, the guaranteed rent more than covers the monthly instalment on a typical loan over that balance, which means the building pays its own mortgage for three years. Do not take my word for that arithmetic: put your exact price, rate, and term into my mortgage calculator and compare the monthly figure against the guarantee.
Now the question every buyer has asked me since spring: will the regional tension last longer than three years? It may. It may not. I do not sell geopolitical forecasts. What I can put in writing is that for the next three years, your income from this building does not depend on the answer. That is what the guarantee is actually for, and it is why I call this the safest structure I can currently offer, rather than the safest-feeling one.
The freehold detail most people miss
Nad Al Hamar is not one of Dubai's standard freehold zones. The developer could not open this project to foreign ownership until the freehold permit was secured, and that approval only came once the building passed 50 percent construction. So sales opened late, against a building you could already walk through: roughly 80 percent sold in the few months since. What remains as I write is a handful of two-bedroom units. If you have read my freehold and leasehold explainer, you know how rare a fresh freehold approval in an established inland district is; this is one of them.
The honest paragraph
The guarantee is a developer covenant: it is as strong as the counterparty and the clause, so I sit with every buyer and read the actual wording before any transfer. From year four you own a Nad Al Hamar rental at market rent and market service charges, so underwrite the exit on the district's own numbers, not on 8 percent forever. And a 60-unit building means thin resale comparables; you price against the neighbourhood, not against your own tower. None of that changes the three-year case. All of it belongs in your file.
My read
Most Dubai offers make you choose between entry price, cash flow, and certainty. This one stacks certainty on top of an ordinary entry price, in a district that just went freehold, with the mortgage carried by the rent for three years. The 80 percent that sold in a few months suggests the market did its own arithmetic. If a two-bedroom at these numbers fits your plan, do not sit on the decision; the remaining units will not.
Frequently asked questions
A contractual 8 percent of the purchase price per year for 3 years from handover, with no service charge payable by the owner during that period. Read the clause itself before transfer; I go through it with every buyer.
You pay 20 percent now; the 80 percent balance is due at handover, where a mortgage takes over. At current rates the 8 percent guaranteed rent exceeds the monthly instalment on a typical loan for that balance. Verify with your own numbers in the mortgage calculator on this site.
Not as a standard zone. Myra Onyx obtained a project-specific freehold permit once construction passed 50 percent, which is why sales opened late against a building you could already inspect, and roughly 80 percent sold within months.
As of late July 2026, only a small number of two-bedroom units (1,052-1,341 sqft, recorded prices Dh1.42M-1.49M). The building totals 60 units and is sold exclusively through Skyview Real Estate.
Q3 2026. Construction started in September 2024 and completion is scheduled for September 2026, so the three-year guarantee runs from handover to roughly late 2029.