Underwrite before you commit
The figures in this post are checked against Dubai Land Department records and RERA filings. Get an independent underwriting score on any project, or ask Javier on WhatsApp.
Overview
Registered rent near Rashidiya Metro Station has a median of AED 44,100 a year. That comes from 18,569 Ejari contracts over the last 18 months. The Dubai-wide median for the same filter is AED 63,000, drawn from 174,794 contracts. Proximity to this station does not buy a rent premium. It buys a lower entry price and a very large tenant market.
The median near Rashidiya is AED 44,100
Start with what a landlord here actually collects. Not an asking rent on a portal, not a projection in a brochure, but the figure written on registered contracts: AED 44,100 a year at the midpoint.
That number is trustworthy for one reason. It sits on 18,569 registered contracts. A median built on that many observations does not move because a handful of unusual deals landed in the sample. If somebody quotes you a rent well above AED 44,100 for an ordinary unit in this catchment, they are quoting an outlier, an asking price, or a different product.
The whole range sits under the city median
Here is the part that changes a decision. The Dubai median across 174,794 contracts is AED 63,000. Near Rashidiya, the 75th percentile is AED 56,999.
Read that again. The upper quartile of rent around this station is still below the middle of the Dubai market. This is not a station where a landlord catches up to the city average by finding a better unit. The whole distribution sits lower.
That is a fact, not a criticism. Lower rents come with lower purchase prices, and the ratio between the two is what determines a yield, not the rent on its own. But it does kill one specific story: the idea that being near a metro station automatically pulls your rent toward or above the city median. At this station, the registered contracts say otherwise.
The honest range is AED 35,587 to AED 56,999
A single median makes a landlord overconfident. The quartiles are the number you should actually plan with.
A quarter of registered contracts near Rashidiya came in at or below AED 35,587. A quarter came in at or above AED 56,999. The middle half of the market sits between those two figures.
That is the honest range for your unit. Where you land inside it depends on things you can check in an afternoon: size, floor, condition, furnishing, whether the building has parking, how far the actual walk to the station is once you account for the road you cannot cross. If you underwrite your purchase at AED 56,999 because that is what the agent showed you, and the unit lets at AED 35,587 because it is a walk-up on a main road, your numbers do not survive the first tenancy.
Underwrite at the lower end. Be pleased when you beat it.
What 18,569 contracts buys you
Depth on the rental side is worth as much as depth on the sales side, and for the same reason.
18,569 registered contracts in 18 months means a tenant market that renews constantly. Vacancy risk in a market that size is a question of pricing, not of whether anybody is looking. If your unit sits empty here, you priced it wrong, and you will know within a couple of weeks rather than a couple of quarters.
That matters more than most buyers realise. A high rent in a shallow market can leave you carrying an empty flat for months. A moderate rent in a deep market pays every month of the year.
The figures
| Measure | Rashidiya Metro Station, last 18 months |
| --- | --- |
|---|
| Registered rent contracts | 18,569 |
| Median annual rent | AED 44,100 |
| 25th percentile | AED 35,587 |
| 75th percentile | AED 56,999 |
| Dubai median, same filter | AED 63,000 |
| Contracts behind the Dubai median | 174,794 |
Source: registered Ejari rent contracts, last 18 months, for units near the station. These are lodged contracts, not asking rents.
We are not printing a yield, and here is why
A yield needs two numbers: the rent and the price you paid. This data gives you a solid, well evidenced rent. It says nothing about what you personally will pay for a specific flat, and that is the half of the equation an agent controls.
So take AED 44,100 as your starting rent assumption near this station, take AED 35,587 as your cautious one, and then do the division yourself against a real, negotiated purchase price with the service charge subtracted. Anyone who hands you a yield percentage before you have a price on a specific unit is guessing, and the guess will always be flattering.
Oliva underwrites one specific unit for you, free. We take the actual flat, the actual service charge, the actual walk to the station, and the registered rents around it, and we tell you what it will really let for and what it will really return. Sometimes the answer is buy. Sometimes it is buy the same size two buildings over. Often enough it is do not buy, and we say so, because Oliva is a Dubai brokerage with no paid placements and nobody pays us more for a yes.
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