License expires Apr 2026
MYKA LUXE REAL ESTATE DEVELOPMENT L.L.C
License #1054520 · Registered 2022 · 50% avg completion
01Developer verdict
CONDITIONAL BUY
1 completed, 0 under construction. Verify delivery history before committing. Average yield 8.7%. Best performer: MYKA Residence (#953). License renewal due Apr 2026 — verify before committing to under-construction projects.
Top projects by rank: MYKA Residence (#953)
02Key numbers
Total projects
2
DLD registered
Completed
1
50% done
Under construction
0
in progress
Avg yield
8.7%
on par / above
Sales (12m)
14
transactions
Rent contracts (12m)
68
strong demand
Occupancy
25%
68 / 270 units
03Portfolio breakdown
2
projects
Completed1
Under construction0
Pending1
Recent completion track record
MYKA Residencefinished
04Risk assessment
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| MYKA ResidencefinishedMe'Aisem First | #953 | 8.7% | — | — | 12.274 | Analyze project → |
| MYKA SUITESpendingMe'Aisem First | — | — | — | — | 1.893 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #1054520 expires Apr 2026. Confirm renewal status before any commitment on active/pending projects.
context
Overall risk: MEDIUM
MYKA LUXE REAL ESTATE DEVELOPMENT L.L.C has 1 completed projects. Completed projects carry lower developer risk than off-plan.
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