Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 rents
- 11 new leases and 1 renewals in 12 months
- 31 units
- District One
A one-bed here leases for about AED 102,500 a year, 5% above the typical District One one-bed.
1 bed · typical new lease
102,500AEDa year
AED 106/sqft · -6.8% on a year
- A month, roughly
- AED 8,542
- vs District One 1 bed
- 5% above the median
- New leases, 12 months
- 10
What should a lease in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 cost?A one-bed leases for about AED 102,500 a year
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 6.8% less than a year earlier: AED 102,500 against 110,000.
Chart data, 1 bed: Dec 2023, AED 103,750; latest, Oct 2026, AED 85,500; peak, Nov 2024, AED 165,000.
12 contracts starting on or after 12 Oct 2025.
About Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23A 5-floor tower in District One
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 is an apartment building completed in 2023 in District One. 12 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 5
- Lifts
- 2
- Parking bays
- 33
Nearest, as registered
Letting a unit in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23?39% of units here signed a yearly lease in 12 months, below the District One median
- Units on a yearly lease
- 39%Fair
- District One median 40%; top tenth from 45%
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 23 places 27th of 28; the nearest 5 are shown.
Rank 1 is the dearest per square foot. Differences are against Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23.
At 1 bed, Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 ranks 27th of 28 by rent per square foot and 6th of 11 by gross yield 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 23, on the mapPrices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23, 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 11
District One · 38 contracts, 12 months
180,000
AED a year median · 127/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
Ask about Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23
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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 23?
- The median new annual rent is AED 102,500, from 10 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 23 risen or fallen?
- The median new annual rent changed -6.8% in the trailing 12 months against the previous 12, using 10 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.
- How many apartments change hands in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23?
- 3 sales were registered with the Dubai Land Department in the last 12 months, alongside 10 Ejari rental contracts. Every median on this page rests on those counts.
- What is the rental yield in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23?
- Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 returns 6.0% gross: a median new-contract rent of AED 102,500 a year (10 Ejari contracts in 12 months) over a price benchmark of AED 1.70M (median of 3 sales in the last 12 months, latest Feb 2026), before service charge, agency fees or vacant months.
- How much does a 1 bedroom in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 cost?
- The median registered sale price is AED 1.70M (2,042 AED/sqft), from 3 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 10 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 23 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-23
Stable dataJSON