Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15
- Completed 2022
- 9 floors
- 3 lifts
- 123 parking bays
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.
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
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
- Does it pay a good rent?5.9% gross, before the service charge (not on file) (Dubai median 6.8%)5.9%Fair
- 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%.
- Are rents going up?New 1 bed leases: AED 105,000 a year ago, AED 91,000 now-13.3%Watch
- Are prices going up?1 bed: AED 2,132/sqft a year ago, 1,974 now-7.4%Watch
- 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
- Can I sell easily?13 sales in 12 months, 14% of the tower (16 the year before)13Strength
- 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
- 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
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
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
1 bed · price per sqft · District One · area median AED 2,014/sqft
- 12-month change
- -7.4%
- 3 years
- +3.3% · +1.1%/yr
- vs area median
- -2.0%
- Rank by price per sqft
- 9th of 14
- Off-plan price gain, 2019–2023
- +17.5% · +3.3%/yr
Rental income
1 bed · District One
- Gross yield
- 5.9%
- 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)
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%
- 89 sales
- 5 years ago
- 1,650
- +23%
- 4 sales
- 3 years ago
- 1,949
- +4%
- 19 sales
- Previous 12 months
- 1,746
- +16%
- 16 sales
- Last 12 months
- 2,023
- today
- 13 sales
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.
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.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly 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.
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 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.
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.
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
- Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15AED 2,023
- District One, readyAED 1,964
- District One, off-planAED 2,130
- Dubai, readyAED 1,421
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
- District One5.0% vs 5.7%
Nearby in District One
Prices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15, on the mapPrices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 15, on the map
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 26
District One · 31 sales, 12 months
1.44M
AED, resale median · 1,829/sqft
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 4
District One · 12 sales, 12 months
1.12M
AED, resale median · 1,478/sqft
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 14
District One · 12 sales, 12 months
1.48M
AED, resale median · 1,948/sqft
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 13
District One · 11 sales, 12 months
2.35M
AED, resale median · 2,022/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 1 bedOn record
- Rental evidence · 1 bedOn record
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
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 rateMonthly 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.
More assumptionsFewer 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.
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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
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