Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1, Mohammed Bin Rashid Al Maktoum City District One: sale prices and transactions
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1 is a project registered with the Dubai Land Department (project no. 1984) in Mohammed Bin Rashid Al Maktoum City District One. Since November 2018, 76 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 1 sales closed at a median AED 19,687 per m² (AED 1,829 per sq ft).
- AED 19,687median price per m²
- AED 1,829median price per sq ft
- 76sales since 2018
- 1sales in 12 months
Its price per m² is 7.9% below the Mohammed Bin Rashid Al Maktoum City District One median (AED 21,387/m²). Sales combine off-plan purchases (40.8%) and resales of completed homes.
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2022 | 19 | AED 23,687 | AED 2,201 | — |
| 2023 | 19 | AED 17,114 | AED 1,590 | -27.7% |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1 rents
14 Ejari contracts started in the project over the last 12 months.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 1 bedroom | 14 | AED 90,000 | 84,750 – 98,250 | AED 90,000 |
Location
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Mohammed Bin Rashid Al Maktoum City District One
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 19 prices
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 18 prices
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 3 prices
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 2 prices
Same price per m² elsewhere in Dubai
- Bayz Tower, Business Bay — AED 19,695/m²
- Pearl House III by Imtiaz, Jumeirah Village Circle — AED 19,660/m²
- Boutique 23, Jaddaf Waterfront — AED 19,703/m²
- Whitecliffs Residences, Palm Deira — AED 19,644/m²
Other projects in Mohammed Bin Rashid Al Maktoum City District One
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 26 — AED 19,686/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16 — AED 20,578/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 28 — AED 20,634/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 14 — AED 20,691/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 2 — AED 20,723/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 18 — AED 21,208/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 13 — AED 21,217/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 3 — AED 21,625/m²
Mohammed Bin Rashid Al Maktoum City District One property prices · Mohammed Bin Rashid Al Maktoum City District One rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1?
Over the last 12 months the median is AED 1,829 per sq ft (AED 19,687 per m²) across 1 DLD sales.
How many sales have been registered at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1?
76 residential sales registered with the DLD between November 2018 and September 2026, 40.8% of them off-plan.
Where is Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 1?
In Mohammed Bin Rashid Al Maktoum City District One (DLD area Al Merkadh), Dubai; nearest metro station per the DLD: Business Bay Metro Station.
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.