Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5, Mohammed Bin Rashid Al Maktoum City District One: sale prices and transactions
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5 is a project registered with the Dubai Land Department (project no. 1999) in Mohammed Bin Rashid Al Maktoum City District One. Since July 2018, 127 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 7 sales closed at a median AED 23,633 per m² (AED 2,196 per sq ft).
- AED 23,633median price per m²
- AED 2,196median price per sq ft
- 127sales since 2018
- 7sales in 12 months
Its price per m² is 10.5% above the Mohammed Bin Rashid Al Maktoum City District One median (AED 21,387/m²). Sales combine off-plan purchases (64.6%) and resales of completed homes.
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5 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 · 1 bedroom | 5 | AED 1,660,000 | 70 m² |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 21 | AED 17,491 | AED 1,625 | — |
| 2020 | 20 | AED 17,348 | AED 1,612 | -0.8% |
| 2021 | 5 | AED 17,379 | AED 1,615 | +0.2% |
| 2022 | 6 | AED 18,798 | AED 1,746 | +8.2% |
| 2023 | 22 | AED 23,629 | AED 2,195 | +25.7% |
| 2024 | 9 | AED 22,067 | AED 2,050 | -6.6% |
| 2025 | 8 | AED 24,314 | AED 2,259 | +10.2% |
| 2026 (to mid-October) | 6 | AED 23,211 | AED 2,156 | -4.5% |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5 rents
27 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 | 24 | AED 100,000 | 89,000 – 109,500 | AED 95,000 |
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
Same price per m² elsewhere in Dubai
- Binghatti Cullinan, Sama Al Jadaf — AED 23,627/m²
- ASPIRZ By Danube, Dubai Sports City — AED 23,646/m²
- Golf Grand, Dubai Hills Estate — AED 23,625/m²
- Zephyra Residences, Palm Deira — AED 23,654/m²
Other projects in Mohammed Bin Rashid Al Maktoum City District One
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 7 — AED 23,779/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 — AED 23,841/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 6 — AED 23,406/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 23 — AED 23,132/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 11 — AED 22,955/m²
- Naya at District One — AED 22,925/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 22 — AED 22,253/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 19 — AED 22,114/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 5?
Over the last 12 months the median is AED 2,196 per sq ft (AED 23,633 per m²) across 7 DLD sales.
How much is a 1 bedroom at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5?
Median sale price AED 1,660,000 for a median 70 m², across 5 sales over the last 12 months.
How many sales have been registered at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5?
127 residential sales registered with the DLD between July 2018 and September 2026, 64.6% of them off-plan.
Where is Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 5?
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.