Jannat

Jannat at Midtown is the crowning final district of Deyaar Development's landmark Midtown master community in Dubai Production City (formerly IMPZ — International Media Production Zone). Comprising two residential towers connected by an architectural bridge atop a shared podium, Jannat delivers 360 freehold apartments across a total built-up area of 521,400 square feet, with unit configurations spanning studios to 3-bedroom apartments from AED 650,000. Developed by Deyaar Development PJSC — a publicly listed company on the Dubai Financial Market with AED 5.78 billion in share capital — Jannat represents the final chapter in Midtown's evolution into one of Dubai Production City's most complete residential ecosystems.

TL;DR: Jannat at Midtown by Deyaar (DFM-listed, AED 5.78B share capital) is a twin-tower, 360-unit freehold development in Dubai Production City, completing the Midtown master community. Units range from studios (350 sq ft) to 3-bedrooms (1,760 sq ft) from AED 650K, with completion expected June 2026. Located in a TECOM-managed free zone with ~3,000 businesses, offering 8–10% rental yields — among the highest in Dubai — with amenities including paddle tennis courts, terrace gardens, and the Midtown Boulevard retail strip.

Project Overview and Key Statistics

Jannat — meaning "paradise" in Arabic — is positioned as "The Best For The Last," serving as the final phase of the Midtown master community that Deyaar has developed within Dubai Production City. The project features two residential towers sitting on an imposing shared podium, connected by an architectural bridge that creates a unified development with 360 residential units.

The total built-up area spans 521,400 square feet, accommodating a diverse unit mix: studios from approximately 350 square feet, 1-bedroom apartments in three layout variants (710 to 1,010 sq ft), 2-bedroom apartments in three layout variants (1,145 to 1,375 sq ft), and 3-bedroom apartments in two layout variants (1,520 to 1,760 sq ft). Construction commenced on July 1, 2023, with completion expected by June 1, 2026.

Starting from AED 650,000, Jannat positions itself within Dubai's most competitive price bracket for new-build freehold apartments, delivering significant value within a mature community that already benefits from established retail, dining, and lifestyle infrastructure through the Midtown Boulevard.

Location: Dubai Production City

Dubai Production City (DPC) is a TECOM Group-managed free zone development, part of the Dubai Holding portfolio. Originally established in 2003 as the International Media Production Zone (IMPZ) and rebranded in March 2016, DPC has evolved from a specialized printing and publishing hub into a diverse mixed-use community hosting approximately 3,000 businesses and around 34,000 professionals across industries including printing, publishing, packaging, advanced manufacturing, new media, and graphic design.

The community is strategically positioned along Sheikh Mohammed Bin Zayed Road (E311) in the Me'aisem 1 district, adjacent to Dubai Sports City and Jumeirah Village. This central corridor location provides efficient access to Dubai's primary destinations:

| Destination | Travel Time | |-------------|-------------| | City Centre Me'aisem | ~5 minutes | | The Els Club (Championship Golf) | ~13 minutes | | Dubai International Cricket Stadium | ~11 minutes | | Dubai Butterfly Garden | ~12 minutes | | Dubai Autodrome | ~15 minutes | | Circle Mall (JVC) | ~14 minutes | | Ibn Battuta Mall | ~19 minutes | | Discovery Gardens Metro Station (Red Line) | ~15 minutes drive |

Educational Institutions:

• Arcadia British School (UK curriculum) — within 15-minute drive
• Dubai British School (UK curriculum, foundation to secondary) — within 15-minute drive
• Dibber Nursery (ages 4 months to 6 years) — nearby

Healthcare:

• Mediclinic Me'aisem (~10 minutes)
• Your Center Polyclinic (~10 minutes)
• Dr Joy Dental Clinic (~10 minutes)
• NMC Royal Hospital, DIP (~15-20 minutes)
• Mediclinic Parkview Hospital (~15-20 minutes)
• Al Zahra Hospital (~15-20 minutes)

Midtown Master Community

Jannat completes the Midtown master community, which previously delivered the Afnan and Dania districts. The community's defining feature is the Midtown Boulevard — a ground-level retail and lifestyle strip that provides residents with direct access to:

• Multi-cuisine restaurants and cafes
• Convenience stores and supermarkets
• Pharmacies
• Laundry facilities
• Organic grocery store
• Full-service pet care shop
• 3,000-square-foot nursery

This integrated retail infrastructure eliminates the need for residents to leave the community for daily essentials, creating a self-contained living ecosystem that enhances both convenience and property value.

Comprehensive Amenities

Jannat delivers a diverse amenities package designed to support active, wellness-oriented lifestyles:

Fitness and Sports:

• Fully equipped fitness centre / gymnasium
• Aerobics and yoga facilities
• Paddle tennis courts
• Swimming pools

Outdoor Living:

• Terrace gardens
• BBQ grill areas
• Landscaped communal spaces

Building Services:

• Central air conditioning
• Covered parking
• Reception lobby
• Security services
• Maintenance services

Residents also benefit from direct access to the broader Midtown community amenities and the Midtown Boulevard retail strip, creating a comprehensive lifestyle offering that extends well beyond the building's own facilities.

Unit Configurations and Pricing

| Unit Type | Size Range (sq ft) | Layout Variants | Starting Price (AED) | |-----------|-------------------|-----------------|---------------------| | Studio | From ~350 | — | From 650,000 | | 1-Bedroom | 710 – 1,010 | 3 variants | From ~831,000 | | 2-Bedroom | 1,145 – 1,375 | 3 variants | From ~1,240,000 | | 3-Bedroom | 1,520 – 1,760 | 2 variants | From ~1,740,000 |

The multiple layout variants within each unit type allow buyers to select configurations that best match their lifestyle requirements — whether prioritizing open-plan living, dedicated study spaces, or maximized bedroom dimensions.

Developer Profile: Deyaar Development PJSC

Deyaar Development was established on January 6, 2001, as a private shareholding company, commencing operations on June 1, 2003, with an initial paid-up capital of AED 18.38 million. In May 2007, Deyaar conducted an IPO and became a Public Joint Stock Company (PJSC) listed on the Dubai Financial Market (DFM), with post-IPO share capital reaching AED 5.78 billion.

The company maintains strong institutional ties to Dubai Islamic Bank, with board members serving across both entities. This financial backing provides Deyaar with access to Islamic financing structures and institutional-grade capital resources.

Key Projects: | Project | Location | Details | |---------|----------|---------| | Midtown (Afnan, Dania, Jannat) | Dubai Production City | Master community with multiple phases | | Regalia | Business Bay | AED 1 billion tower; studios to penthouses | | Bella Rose | Dubai Science Park | 478 units across 20 floors; completed Dec 2020 | | Mont Rose | Dubai Science Park | Residential apartments | | Tria | Dubai Silicon Oasis | 32-storey luxury tower; studios to penthouses and townhouses | | Millennium Al Barsha Hotel | Al Barsha | Hospitality project |

Deyaar's portfolio demonstrates consistent delivery across Dubai's growth corridors, with a focus on mid-market and upper-mid-market residential developments that balance quality finishes with competitive pricing.

Investment Potential and Market Analysis

Dubai Production City consistently ranks among Dubai's highest-yielding residential communities, making Jannat a compelling investment proposition:

Rental Yields: | Unit Type | Gross Yield | |-----------|------------| | Studio | ~7.4% | | 1-Bedroom | 8% – 10% | | 3-Bedroom | Up to 8.4% |

These yields significantly outperform Dubai's overall apartment average of 7.3% (2025), with studios and 1-bedroom units in DPC consistently delivering 8-10% gross returns — among the highest in the emirate.

Market Metrics (2025): | Metric | Value | |--------|-------| | Average Price Per Sq Ft (DPC) | AED 1,040 – 1,231 | | Year-on-Year Price Growth | 23.6% | | Capital Gains (DPC) | 8.29% | | Average Studio Sale Price | ~AED 515,000 | | Average 1-Bedroom Sale Price | ~AED 831,000 | | Average 2-Bedroom Sale Price | ~AED 1,240,000 | | Average 3-Bedroom Sale Price | ~AED 1,740,000 |

Rental Rate Benchmarks: | Unit Type | Annual Rent (AED) | |-----------|------------------| | Studio | 38,000 – 52,000 | | 1-Bedroom | 50,000 – 72,000 |

Comparable Deyaar projects in DPC provide context for Jannat's expected resale performance: Afnan by Deyaar averages AED 681,973, while Dania by Deyaar averages AED 766,000 at approximately AED 878 per square foot.

Dubai Production City's designation as a free zone, combined with the UAE's zero income tax on rental income and zero capital gains tax, creates a tax-efficient investment environment. Properties valued above AED 2 million qualify owners for the 10-year UAE Golden Visa.