Mesk 2

TL;DR: Mesk 2 by Deyaar is a fully completed mid-rise residential building within Midtown, Deyaar's landmark 24-building master community in Dubai Production City (IMPZ). Construction finished August 2022 with official resident handover on February 14, 2023. Part of the Mesk district (Phase 4 of Midtown alongside Mesk 1, 3, and 4), the building offers studios (~431 sqft), 1-bedroom (666 to 1,117 sqft), 2-bedroom (1,039 to 1,588 sqft including 2BR+maid configurations), and 3-bedroom (1,805 to 1,911 sqft) apartments. Studios start from approximately AED 550,000 with gross rental yields of 7 to 8 percent. Mesk 2 forms part of a 2,200-unit master community with a 1km landscaped piazza, 6 community pools, a 13,000-sqft retail boulevard, and a dedicated 5,000-sqft daycare facility. Deyaar Development PJSC is publicly listed on the Dubai Financial Market (DFM: DEYAAR), majority-owned by Dubai Islamic Bank.

Overview — Midtown's Phase 4 Completion

Mesk 2 represents the final phase of Deyaar's Midtown master community in Dubai Production City — a 24-building residential campus that has progressively transformed IMPZ's northern residential precinct since Phase 1 (Afnan district, 2019). Developed by Deyaar Development PJSC — one of Dubai's prominent listed real estate developers, trading on the Dubai Financial Market with Dubai Islamic Bank as its majority shareholder — Midtown set out to create an integrated residential community offering a self-contained lifestyle environment at competitive price points within the well-connected Dubai Production City district.

Deyaar Development was established in 2002 as the property management arm of Dubai Islamic Bank and subsequently listed on the DFM. The company has delivered over 10,000 residential units across Dubai, with projects in Dubai Marina, Business Bay, Al Barsha, and Dubai Production City. Midtown represents Deyaar's largest single community development — a masterplanned campus spanning 24 buildings and over 2,200 residential apartments, with one further building (Jannat, Phase 5) under construction targeting Q2 2026 completion.

Midtown — A 2,200-Unit Integrated Community

Midtown by Deyaar is structured across five residential districts, delivered in phased completion:

• Afnan District (Phase 1, 2019): 7 buildings, 659 apartments
• Dania District (Phase 2, 2020): 6 buildings, 579 apartments
• Noor District (Phase 3, 2023): 7 buildings, 593 apartments
• Mesk District (Phase 4, February 2023): 4 buildings (Mesk 1, 2, 3, 4), approximately 307 apartments
• Jannat District (Phase 5, targeting Q2 2026): 1 building, units TBC

The four completed phases total approximately 2,138 apartments across 24 buildings, with a total planned community exceeding 2,200 units. Deyaar handed over both the Mesk and Noor districts simultaneously on February 14, 2023, marking the effective completion of the full-scale Midtown residential campus.

The community's master plan is anchored by a 1-kilometre-long landscaped piazza stretching the full length of the community — a grand pedestrian boulevard spanning approximately 400,000 square feet of total landscape area. This central spine links all residential districts, retail outlets, and community facilities, creating a cohesive neighbourhood environment that sets Midtown apart from the typical isolated-tower developments prevalent elsewhere in Dubai Production City.

Mesk 2 — Building Configuration & Unit Types

Mesk 2, alongside its three sister buildings in the Mesk district, was constructed to completion in August 2022, with official handover commencing February 14, 2023. The Mesk district buildings range from 6 to 16 floors in height, with specific per-building floor counts not individually published by Deyaar.

The building offers four residential configurations:

Studios (~431 square feet): Efficient open-plan studios designed for single professionals and young couples seeking a compact, low-maintenance city apartment. Current secondary market sale prices range from approximately AED 550,000 to AED 700,000. Annual rents average AED 42,000 to AED 55,000, delivering gross yields of 7 to 8 percent.

One-Bedroom Apartments (666 to 1,117 square feet): Available in multiple sub-layouts — 666, 785, 904, 983, and 1,117 square feet — catering to buyers and renters with varying space requirements. The most commonly listed 1BR is the 785-square-foot configuration. Sale prices range from AED 700,000 to AED 950,000. Annual rents range from AED 62,000 to AED 95,000, delivering gross yields of 7 to 8 percent. Service charges are approximately AED 15.53 per square foot annually (based on Mesk district data), amounting to approximately AED 12,190 per year for a 785-sqft unit.

Two-Bedroom Apartments (1,039 to 1,588 square feet): The 2-bedroom category spans two tiers. Standard 2-bedroom units measure 1,039 to 1,051 square feet. Premium 2-bedroom-plus-maid configurations extend to 1,200, 1,456, and 1,588 square feet, providing full family-oriented layouts with dedicated maid's room and additional storage. Sale prices range from approximately AED 969,000 to AED 2.1 million depending on size. Annual rents range from AED 85,000 to AED 135,000.

Three-Bedroom Apartments (1,805 to 1,911 square feet): The largest residential typology in Mesk 2, offering generous family living across defined bedroom, living, dining, and kitchen zones. Current listing prices reach AED 2.2 million to AED 2.75 million. Annual rents range from AED 95,000 to AED 120,000.

Midtown Community Amenities

Midtown's amenity programme has been one of its defining marketing strengths — a community infrastructure investment that goes significantly beyond standard building-level facilities:

Aquatic Facilities: Six community pools across Midtown including family pools, lap pools, and children's pools, distributed across the five residential districts to ensure convenient access for all residents.

Retail Boulevard: A 13,000-square-foot retail podium (expanding with each phase) houses boutique shops, pharmacies, supermarkets, restaurants, cafes, laundry services, and pet care facilities — providing residents with everyday retail needs without leaving the community.

Dedicated Childcare: A purpose-built 5,000-square-foot childcare and nursery facility serves Midtown's growing family residential population, providing professional early childhood services within walking distance of every building.

Sports & Wellness: Basketball courts, tennis courts, and extensive jogging tracks serve the community's active residents. Fully equipped health clubs are located within individual buildings throughout all phases.

Landscaped Piazza: The community's centrepiece 1-kilometre linear park provides daily walking, cycling, and community gathering space — surrounded by retail, F&B, and residential buildings on both sides, creating a European piazza-style street-level experience.

BBQ & Social Areas: Dedicated barbecue zones and outdoor social seating areas are distributed throughout the community's common spaces.

Security & Infrastructure: 24/7 CCTV security, professional building maintenance teams, covered parking, and high-speed elevators serve all Midtown residents.

Dubai Production City (IMPZ) — Community & Investment Context

Dubai Production City (formerly IMPZ — International Media Production Zone) is a TECOM Group master-planned free zone district spanning 43 million square feet along Sheikh Mohammed Bin Zayed Road (E311). The district was originally established for media production companies but has evolved into a mixed-use community with a growing residential population attracted by competitive pricing, IMPZ-zone benefits, and strategic connectivity.

The area consistently delivers among Dubai's strongest rental yields. Studio gross yields in IMPZ average 7.4 to 8.77 percent, and 1-bedroom units deliver 6.9 to 7.4 percent — outperforming the Dubai apartment average of 7.3 percent. Capital appreciation has also been strong, with price per square foot in IMPZ rising approximately 23.6 percent year-on-year as of 2025.

Location & Connectivity

Road Access:

• Sheikh Mohammed Bin Zayed Road (E311): The primary highway bounding Dubai Production City, providing rapid access north (Dubai Marina, JBR) and south (Abu Dhabi)
• City Centre Me'aisem: 5 to 10 minutes by car — the district's own mall with Carrefour, VOX Cinemas, and over 100 retail and dining outlets
• Motor City (with Autodrome): 10 to 15 minutes
• Jumeirah Village Circle (JVC): 12 to 15 minutes
• Dubai Marina / Palm Jumeirah: approximately 20 minutes
• Dubai Miracle Garden: approximately 15 minutes
• Downtown Dubai: approximately 30 minutes
• Dubai International Airport (DXB): approximately 30 minutes
• Al Maktoum International Airport (DWC): approximately 20 minutes

Metro: Discovery Gardens Metro Station (Red Line) is approximately 15 minutes by car — the nearest metro access point for Midtown residents, with RTA bus connectivity serving the district.

Schools: Arcadia British School and Dubai British School are within 15 minutes. Dibber Nursery operates within the IMPZ district.

Healthcare: Mediclinic Me'aisem, Your Center Polyclinic, and multiple specialist clinics are within approximately 10 minutes.

Investment Summary

Mesk 2 represents one of Dubai's most straightforward investment propositions: a completed, stabilised building within a proven master community, delivering 7 to 8 percent gross yields for studios and 1-bedroom units at entry prices from AED 550,000. Deyaar's DFM-listed corporate structure, Dubai Islamic Bank's institutional backing, and Midtown's demonstrated 5-year track record of successful community delivery provide strong investor confidence. The community's 2,200-plus resident population, growing retail boulevard, and IMPZ's capital appreciation trajectory of 23.6 percent year-on-year further support long-term value creation for Mesk 2 owners.