Festival City property prices: price per sq ft and sales in 2026
Property prices in Festival City stand at a median AED 14,906 per m² (AED 1,385 per sq ft) over the last 12 months, based on the 35 residential sales registered with the Dubai Land Department between October 16, 2025 and October 16, 2026. That is an adjustment of 13.9% on the previous 12 months. Sales reached AED 100.6 million.
- AED 14,906median price per m²
- AED 1,385median price per sq ft
- 35sales in 12 months
- -13.9%change year on year
- 0%off-plan share of sales
With a price per m² 19.6% below the Dubai median (AED 18,545/m²), Festival City sits among the emirate's most accessible entry points, popular with first-time investors (#117 of 154 by price per m²). 100% of sales are ready homes: an established resale market where you can view before you buy.
Apartment and villa prices in Festival City
Median sale price and median size by unit type and bedrooms, DLD sales over the last 12 months.
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 2 bedrooms | 19 | AED 2,600,000 | 179 m² |
| Apartment · 3 bedrooms | 10 | AED 3,550,000 | 232 m² |
Price per m² range in Festival City
Half of the sales over the last 12 months closed between AED 13,638 and AED 18,602 per m² (AED 1,267 to 1,728 per sq ft). The spread reflects floor, view, building age and finish level: these are the points that drive the price.
Festival City price trend since 2019
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 56 | AED 11,167 | AED 1,037 | — |
| 2020 | 25 | AED 9,381 | AED 872 | -16% |
| 2021 | 35 | AED 9,572 | AED 889 | +2% |
| 2022 | 38 | AED 12,197 | AED 1,133 | +27.4% |
| 2023 | 49 | AED 12,571 | AED 1,168 | +3.1% |
| 2024 | 87 | AED 16,216 | AED 1,507 | +29% |
| 2025 | 75 | AED 17,065 | AED 1,585 | +5.2% |
| 2026 (to mid-October) | 27 | AED 13,979 | AED 1,299 | -18.1% |
Rents and rental yield in Festival City
Median annual rent of Ejari contracts started over the last 12 months. Indicative gross yield: 2 bedrooms 6%, 3 bedrooms 5.7%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 1 bedroom | 128 | AED 97,000 | 92,000 – 102,000 | AED 100,000 |
| Apartment · 2 bedrooms | 235 | AED 157,000 | 145,000 – 171,000 | AED 160,000 |
| Apartment · 3 bedrooms | 168 | AED 204,000 | 185,000 – 249,000 | AED 211,500 |
| Apartment · 4 bedrooms | 11 | AED 356,000 | 221,957 – 363,000 | — |
Getting around Festival City
Landmarks most often recorded in the area's DLD transactions:
- Nearest metro: Emirates Metro Station
- Shopping mall: City Centre Mirdif
- Landmark: Dubai International Airport
Compare with other areas
Areas with a similar price per m²:
- Al Furjan — AED 14,881/m² · Al Furjan rents
- Al Kheeran — AED 14,939/m² · Al Kheeran rents
- Madinat Badr — AED 14,851/m² · Madinat Badr rents
- Wadi Al Safa 2 — AED 14,840/m² · Wadi Al Safa 2 rents
- Arabian Ranches - 1 — AED 15,001/m² · Arabian Ranches - 1 rents
- Wadi Al Safa 6 — AED 15,001/m² · Wadi Al Safa 6 rents
Frequently asked questions
What is the price per square foot in Festival City?
The median is AED 1,385 per sq ft (AED 14,906 per m²), across 35 residential sales registered with the DLD from October 16, 2025 to October 16, 2026.
How much is an apartment in Festival City?
A two-bedroom for AED 2,600,000 (179 m²) over the last 12 months, according to DLD sales.
Are prices rising in Festival City?
The median price per m² moved -13.9% between the previous 12 months (AED 17,320/m²) and the last 12 months (AED 14,906/m²).
Off-plan or ready property in Festival City?
0% of sales over the last 12 months were off-plan and 100% were ready homes. Off-plan gives access to developer payment plans; ready homes can be rented out straight away. A Cevitas advisor compares both on your budget.
What rental yield can you expect in Festival City?
Dividing the median Ejari annual rent by the median DLD sale price gives an indicative gross yield of 6% for a 2 bedrooms, 5.7% for a 3 bedrooms, before service charges and vacancy.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.