Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12, Mohammed Bin Rashid Al Maktoum City District One: sale prices and transactions
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 is a project registered with the Dubai Land Department (project no. 2091) in Mohammed Bin Rashid Al Maktoum City District One. Since March 2019, 272 residential sales have been registered there, the latest in August 2026. Over the last 12 months, 10 sales closed at a median AED 23,841 per m² (AED 2,215 per sq ft).
- AED 23,841median price per m²
- AED 2,215median price per sq ft
- 272sales since 2019
- 10sales in 12 months
Its price per m² is 11.5% above the Mohammed Bin Rashid Al Maktoum City District One median (AED 21,387/m²). Most sales (75%) were registered off-plan: the project was sold before completion.
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 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 | 6 | AED 1,571,500 | 70 m² |
| Apartment · 2 bedrooms | 4 | AED 2,787,500 | 106 m² |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 28 | AED 17,868 | AED 1,660 | — |
| 2020 | 97 | AED 17,976 | AED 1,670 | +0.6% |
| 2021 | 22 | AED 20,021 | AED 1,860 | +11.4% |
| 2022 | 19 | AED 18,794 | AED 1,746 | -6.1% |
| 2023 | 37 | AED 21,043 | AED 1,955 | +12% |
| 2024 | 33 | AED 23,032 | AED 2,140 | +9.5% |
| 2025 | 32 | AED 24,565 | AED 2,282 | +6.7% |
Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 rents
70 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 | 48 | AED 90,000 | 80,000 – 100,000 | AED 90,000 |
| Apartment · 2 bedrooms | 21 | AED 145,000 | 125,000 – 167,500 | AED 142,500 |
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
- Park Lane, Dubai Hills Estate — AED 23,839/m²
- Rabdan Gardens, Jumeirah Garden City — AED 23,846/m²
- Sol Bay, Business Bay — AED 23,830/m²
- Azizi Riviera 61, Meydan One Community — AED 23,849/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 , Residences 5 — AED 23,633/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 , Residences12?
Over the last 12 months the median is AED 2,215 per sq ft (AED 23,841 per m²) across 10 DLD sales.
How much is a 1 bedroom at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12?
Median sale price AED 1,571,500 for a median 70 m², across 6 sales over the last 12 months.
How many sales have been registered at Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12?
272 residential sales registered with the DLD between March 2019 and August 2026, 75% of them off-plan.
Where is Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12?
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.