Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16, Mohammed Bin Rashid Al Maktoum City District One: sale prices and transactions
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16 is a project registered with the Dubai Land Department (project no. 1997) in Mohammed Bin Rashid Al Maktoum City District One. Since July 2018, 169 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 5 sales closed at a median AED 20,578 per m² (AED 1,912 per sq ft).
- AED 20,578median price per m²
- AED 1,912median price per sq ft
- 169sales since 2018
- 5sales in 12 months
Its price per m² is 3.8% below the Mohammed Bin Rashid Al Maktoum City District One median (AED 21,387/m²). Most sales (73.4%) were registered off-plan: the project was sold before completion.
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16 prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 3 bedrooms | 3 | AED 3,250,000 | 165 m² |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 29 | AED 17,491 | AED 1,625 | — |
| 2020 | 26 | AED 17,599 | AED 1,635 | +0.6% |
| 2021 | 17 | AED 15,603 | AED 1,450 | -11.3% |
| 2022 | 9 | AED 20,247 | AED 1,881 | +29.8% |
| 2023 | 27 | AED 22,466 | AED 2,087 | +11% |
| 2024 | 16 | AED 22,960 | AED 2,133 | +2.2% |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16 rents
38 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 | 35 | AED 95,000 | 85,000 – 100,000 | AED 92,000 |
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 11 prices
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5 prices
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 25 prices
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 22 prices
Same price per m² elsewhere in Dubai
- Boutique Xll, Jaddaf Waterfront — AED 20,559/m²
- Dreamlife Residences, Palm Deira — AED 20,597/m²
- Century, Business Bay — AED 20,550/m²
- Azizi Riviera 40, Meydan One Community — AED 20,598/m²
Other projects in Mohammed Bin Rashid Al Maktoum City District One
- 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 1 — AED 19,687/m²
- 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 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 16?
Over the last 12 months the median is AED 1,912 per sq ft (AED 20,578 per m²) across 5 DLD sales.
How much is a 3 bedrooms at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16?
Median sale price AED 3,250,000 for a median 165 m², across 3 sales over the last 12 months.
How many sales have been registered at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16?
169 residential sales registered with the DLD between July 2018 and September 2026, 73.4% of them off-plan.
Where is Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 16?
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.