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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15

A 1 bed in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 costs a median AED 1.55M, rents long-let for AED 91,000/yr (5.9% gross), and returns 8.2% short-term at the assumed 70% occupancy.

Satellite view of Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15, District One, Dubai, centred on its registered pin. Apple Maps.
Satellite view of the registered pin · Apple Maps

1 bed · typical price

1.55MAED

AED 1,974/sqft · -7.4% on a year

Rent a year
AED 91,000
Gross yield
5.9%
vs District One
2% below the median
Cost to buy, all inAED 1.65M
Price
AED 1.55M
DLD fee 4%
AED 62,100
Agent 2% + VAT
AED 32,603
Trustee
AED 4,200

Fees repaid by rent13 months

Against this building’s registered sales of the same type.

Ask about Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 →

Is Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 a good investment?Easy to sell; rents and prices are slipping and lots of new supply is coming

  1. Does it pay a good rent?5.9% gross, before the service charge (not on file) (Dubai median 6.8%)5.9%Fair
  2. Is it easy to let?45% of units signed a yearly lease in 12 months; the typical District One building manages 40%45%Fair
    District One median 40% · top tenth from 45%Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 · 45%

    Across 10 District One buildings with 40 or more units, the median signed annual leases on 40% of units in 12 months and the top tenth on 45% or more; Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 is at 45%.

  3. Are rents going up?New 1 bed leases: AED 105,000 a year ago, AED 91,000 now-13.3%Watch
  4. Are prices going up?1 bed: AED 2,132/sqft a year ago, 1,974 now-7.4%Watch
  5. How fast do fees pay back?AED 98,903 in fees to buy a 1 bed; rent covers it in 1.1 years1.1 yrs
  6. Can I sell easily?13 sales in 12 months, 14% of the tower (16 the year before)13Strength
  7. Is a lot being built nearby?456 apartments are planned in District One from 2026 to 2028, equal to 57% of the 798 homes let there today. District One supply by year →57%Watch
  8. Did earlier buyers gain?Up 23% for buyers 5 years ago; up 20% for launch buyers, before fees+22.6%Context

Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 prices and rents by unit typeA one-bed costs about AED 1.55M and rents for about AED 91,000 a year

TypeMedian priceGross yieldNew rent12-month changeSales
1 bed77 units · 767 sqftAED 1.55M1,974/sqftlaunch 1,680 +17.5%5.9%-0.2 ptsAED 91,00030 contracts-7.4%8
2 bed9 units · 1,289 sqftAED 2.85M2,211/sqftunder 5 contractsunder 5 contractsunder 5 sales in a year2
3 bed9 units · 1,779 sqftAED 4.22M2,374/sqftunder 5 contractsunder 5 contractsunder 5 sales in a year3
Appreciation, rental income and short-term detail, by unit type

Appreciation

1 bed · price per sqft · District One · area median AED 2,014/sqft

3 years
+3.3% · +1.1%/yr
vs area median
-2.0%
Rank by price per sqft
9th of 14

Rental income

1 bed · District One

Median new rent
AED 91,000/yr
Yield vs area median
-0.2 pts
Yield vs Dubai (6.8%)
-0.9 pts
Yield rank
7th of 11
Renewal rent
AED 95,000/yr
New tenants pay vs sitting (7 renewals)
-4.2%

Short-term income

1 bed · 70% occupancy · 7-night stays · within 500 m

Median nightly rate
AED 649
Net revenue
AED 126,924/yr
vs long-let rent
1.4×
Listings seen
18+

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Sale price, AED (right axis) Rent on new leases, AED a year (left axis)

Median price paid, 1 bed, as a rolling 3-month median, with the rent on new leases on the same basis. The band along the bottom is the number of sales each month.

Chart data, 1 bed: Sep 2019, AED 1,271,550; latest, Sep 2026, AED 1,500,000; peak, Oct 2025, AED 2,000,000. Rent on new leases: Jun 2023, AED 120,000 a year; latest, Oct 2026, AED 77,250.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 2,023 · before fees

Launch, 2019–23
1,680
+20%
5 years ago
1,650
+23%
3 years ago
1,949
+4%
Previous 12 months
1,746
+16%
Last 12 months
2,023
today

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

13 resales in the last 12 months, against 16 a year on average over 2023–2025.

DateTypeSqftPriceAED/sqft
21 Sept 20261 bed749AED 1,500,0002,002
27 Jul 20261 bed760AED 1,420,0001,869
9 Jul 20261 bed1,029AED 1,825,0001,774
26 Jun 20261 bed745AED 1,450,0001,945
2 Jun 20261 bed745AED 1,555,0002,086
9 Mar 20261 bed745AED 1,550,0002,079
26 Jan 20261 bed745AED 1,620,0002,173
19 Jan 20262 bed1,289AED 3,200,0002,483
17 Dec 20253 bed1,779AED 4,225,0002,374
13 Nov 20252 bed1,289AED 2,500,0001,940

13 resales in the last 12 months.

Short-term rates around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

70%
TypeNightly, AEDNet revenue at 70%Long-let rentUpliftNet yield
1 bed500 m cluster · 18+ listings seen6490.83/sqftAED 126,924AED 91,0001.4×8.2%
2 bed500 m cluster · 4+ listings seen8380.65/sqftAED 159,195AED 165,0001.0×—
3 bed500 m cluster · 4+ listings seen1,1100.62/sqftAED 209,692AED 300,0000.7×5.0%

Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.

Nightly rate through the year

Comparables in District One

Every District One building with a page, ranked by price per sqft over the same 12 months, all unit types. Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 places 11th of 19; the nearest 8 are shown.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
7Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 6Completed 2023 · off-plan 1,712/sqftAED 2.92M2,174+7.5%5.3%—4
8Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23Completed 2023 · off-plan 1,777/sqftAED 1.72M2,149+6.2%6.1%—4
9Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 11Completed 2023 · off-plan 1,825/sqftAED 2.49M2,133+5.4%7.2%+7.9%8
10Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 22Completed 2023 · off-plan 1,776/sqftAED 1.63M2,067+2.2%6.8%—5
11Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 · this buildingCompleted 2022 · off-plan 1,680/sqftAED 1.82M2,0235.0%+15.8%13
12Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 13Completed 2023 · off-plan 1,730/sqftAED 2.35M2,0220.0%5.1%-10.1%11
13Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 25Completed 2023 · off-plan 1,698/sqftAED 2.14M2,018-0.2%4.9%-14.9%5
14Naya 27% · Q3 2027 · off-plan 1,996/sqftAED 1.57M1,987-1.8%——7
15Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 14Completed 2023 · off-plan 1,670/sqftAED 1.48M1,948-3.7%6.8%-17.1%12

Rank 1 is the dearest per square foot. Differences are against Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 (AED 2,023/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 1 bed, Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 has registered sale prices 2% below the District One median price per square foot of 2,014 AED, across 14 eligible buildings. It ranks 9th of 14 by price per square foot and 7th 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 activity

Planned 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 supply

Supply 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 counted
Find service-charge budget evidence for Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15

Direct 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.

About Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 is an apartment building completed in 2022 in District One. 160 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

The building, as registered

Floors
9
Lifts
3
Parking bays
123

Drive times · typical

Downtown
16 min · 9.6 km
DXB Airport
18 min · 18 km
DIFC
13 min · 13 km
Dubai Marina
22 min · 23 km
Palm Jumeirah
28 min · 27 km

Nearest, as registered

Metro
Business Bay Metro Station
Mall
Dubai Mall
Landmark
Downtown Dubai

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15: AED 2,023 per sq ft, 2% below the median District One building, and a 5.0% gross yield, below the area's median building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

  1. Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15AED 2,023
  2. District One, readyAED 1,964
  3. District One, off-planAED 2,130
  4. Dubai, readyAED 1,421
Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15District One median building

  1. District One5.0% vs 5.7%
Line: the 10th to 90th percentile of 16 buildings in District One. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in District One, by handover quarter

Prices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15, on the map
Pills show median sale price, AED. 3 buildings pinned from Google place records and Apple geocoding · Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 is the inverted pinOpen in Apple Maps

Before you decide

The facts that can change the return, each with the date it rests on.

Rent or buy

What owning a 1 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.

Residency
More assumptions

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage
6,903AED
4.5% over 25 years
Monthly rent
7,583AED
AED 91,000 a year
Cash needed at purchase
427,928AED
20% down plus AED 117,428 in fees

Owning costs AED 313,576 less than renting over 5 years, once the sale is counted.

Buying overtakes renting in year 2.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

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Common questions

What is the rental yield in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15?
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 returns 5.9% gross: a median new-contract rent of AED 91,000 a year (30 Ejari contracts in 12 months) over a price benchmark of AED 1.55M (median of 8 sales in the last 12 months, latest Sept 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 15 cost?
The median registered sale price is AED 1.55M (1,974 AED/sqft), from 8 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
What are apartments in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 selling for right now?
Registered sales of ready units in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 over the last 12 months have a median of 1,974 AED/sqft, across 8 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
Have prices in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 risen or fallen?
Median price per square foot moved -7.4% over the last 12 months against the 12 before it, on 8 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
How does Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 compare with District One?
Its 5.9% gross yield sits -0.2 pts against the District One median of 6.0%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.

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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 sale record

Record type
Building-level property market record
Data date
· refreshed
Evidence base
8 registered sales in the last 12 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Canonical record
/sale/apartments/dubai/mbr-city-district-one/mohammed-bin-rashid-al-maktoum-city-district-one-phase-iii-residences-15
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15 sale prices and yield.” District One, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/mbr-city-district-one/mohammed-bin-rashid-al-maktoum-city-district-one-phase-iii-residences-15

Stable dataJSON