Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 rents
- 31 new leases and 7 renewals in 12 months
- 95 units
- District One
- near Business Bay Metro Station
A one-bed here leases for about AED 92,000 a year, 6% below the typical District One one-bed. Renewing tenants pay more than new ones: AED 103,024.
1 bed · typical new lease
92,000AEDa year
AED 120/sqft · -12.4% on a year
- A month, roughly
- AED 7,667
- Renewal
- AED 103,024
- vs District One 1 bed
- 6% below the median
- New leases, 12 months
- 29
What should a lease in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 cost?A one-bed leases for about AED 92,000 a year; renewing tenants pay 12.0% more than new ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the District One median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A one-bed here now costs 12.4% less than a year earlier: AED 92,000 against 105,000.
Chart data, 1 bed: Aug 2023, AED 106,250; latest, Sep 2026, AED 82,895; peak, Jun 2024, AED 127,500.
38 contracts starting on or after 12 Oct 2025.
About Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16A 10-floor tower in District One
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 is an apartment building completed in 2019 in District One. 38 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 10
- Lifts
- 3
- Parking bays
- 123
Nearest, as registered
- Metro
- Business Bay Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16?40% of units here signed a yearly lease in 12 months, below the District One median; new tenants pay less than renewing ones
- Units on a yearly lease
- 40%Fair
- District One median 40%; top tenth from 45%
- New tenant vs renewal
- -8.7%
- New leases AED 95,000, renewals 104,049, all types
Comparables in District One
Every District One building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 places 17th of 28; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16.
At 1 bed, Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 ranks 16th of 28 by rent per square foot in District One.
Market context in District One
Registered sales activity
152 ready apartment sales in the 12 months to 2026-10-12.
-11.2% in median AED/sqft versus the preceding year, supported by 152 current and 208 prior price observations.
Explore sales activityPlanned apartment projects
0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 0 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
456 apartments are planned in District One from 2026 to 2028, equal to 57% of the 798 homes let there today.
New-lease rents fell in 94% of 33 buildings (counted once per bedroom type) with leases in both years; the typical one moved −12.5%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in District One
Prices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16, on the mapPrices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16, on the map
Mohammed Bin Rashid Al Maktoum City-District One, Phase III, Residences 12
District One · 53 contracts, 12 months
100,000
AED a year median · 120/sqft
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 14
District One · 40 contracts, 12 months
100,000
AED a year median · 111/sqft
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 13
District One · 38 contracts, 12 months
120,000
AED a year median · 125/sqft
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 11
District One · 38 contracts, 12 months
180,000
AED a year median · 127/sqft
Ask about Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16
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Common questions
- What is the registered annual rent for a 1 bedroom in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16?
- The median new annual rent is AED 92,000, from 29 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 risen or fallen?
- The median new annual rent changed -12.4% in the trailing 12 months against the previous 12, using 29 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 pay more than sitting ones?
- A new tenant pays -10.7% against a renewing one, across 6 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16?
- 2 sales were registered with the Dubai Land Department in the last 12 months, alongside 29 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16?
- Business Bay Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 1 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
Cite as: Dubai Wealth Index. “Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 rents and yield.” District One, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/mbr-city-district-one/mohammed-bin-rashid-al-maktoum-city-district-one-phase-iii-residences-16
Stable dataJSON