Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16
- Completed 2019
- 10 floors
- 3 lifts
- 123 parking bays
A 3 bed in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 costs a median AED 3.25M and rents long-let for AED 230,000/yr.
3 bed · typical price
3.25MAED
AED 1,844/sqft
- Rent a year
- AED 230,000
- vs District One
- 22% below the median
Cost to buy, all inAED 3.45M
- Price
- AED 3.25M
- DLD fee 4%
- AED 130,000
- Agent 2% + VAT
- AED 68,250
- Trustee
- AED 4,200
Fees repaid by rent11 months
Is Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 a good investment?Rents and prices are slipping, the rent pays below the Dubai median and lots of new supply is coming
- Does it pay a good rent?4.7% gross, before the service charge (not on file) (Dubai median 6.8%)4.7%Watch
- Is it easy to let?40% of units signed a yearly lease in 12 months; the typical District One building manages 40%40%Fair
District One median 40% · top tenth from 45%Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 · 40% 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 16 is at 40%.
- Are rents going up?New leases: AED 105,000 a year ago, AED 95,000 now-9.5%Watch
- Are prices going up?All types: AED 2,147/sqft a year ago, 1,912 now-10.9%Watch
- How fast do fees pay back?AED 202,450 in fees to buy a 3 bed; rent covers it in 0.9 years0.9 yrs
- Can I sell easily?5 sales in 12 months, 5% of the tower (7 the year before)5Fair
- 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 32% for buyers 5 years ago; up 17% for launch buyers, before fees+31.9%Context
Readings use published thresholds · 3 bed figures, the most traded type · Data to 12 Oct 2026
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 prices and rents by unit typeA three-bed costs about AED 3.25M and rents for about AED 230,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
3 bed · price per sqft · District One · area median AED 2,374/sqft
- vs area median
- -22.3%
- Off-plan price gain, 2018–2022
- +11.2% · +1.8%/yr
Rental income
3 bed · District One
- Median new rent
- AED 230,000/yr
- Yield rank, all unit types
- 13th of 15
Read with care
- Thin sample — 3 sales in 12 months. Treat these figures as indicative.
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, 3 bed: Jul 2018, AED 2,790,601; latest, Sep 2026, AED 3,250,000; peak, Oct 2025, AED 5,000,000. Rent on new leases: Sep 2023, AED 307,500 a year; latest, Sep 2026, AED 230,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,912 · before fees
- Launch, 2018–23
- 1,635
- +17%
- 61 sales
- 5 years ago
- 1,450
- +32%
- 17 sales
- 3 years ago
- 2,087
- −8%
- 27 sales
- Previous 12 months
- 2,147
- −11%
- 7 sales
- Last 12 months
- 1,912
- today
- 5 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.
5 resales in the last 12 months, against 16 a year on average over 2023–2025.
5 resales in the last 12 months.
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 16 places 17th of 19; the nearest 6 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 (AED 1,912/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 3 bed, Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 has registered sale prices 22% below the District One median price per square foot of 2,374 AED, across 5 eligible buildings.
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 16
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 is an apartment building completed in 2019 in District One. 168 sales are registered with the Dubai Land Department.
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
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16: AED 1,912 per sq ft, 8% below the median District One building, and a 4.7% 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 16AED 1,912
- 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 16District One median building
- District One4.7% vs 5.7%
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 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 15
District One · 13 sales, 12 months
1.82M
AED, resale median · 2,023/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
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 3 bedRead with care
- Rental evidence · 3 bedRead with care
- 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
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 3 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 16’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
- 14,452AED
- 4.5% over 25 years
- Monthly rent
- 19,167AED
- AED 230,000 a year
- Cash needed at purchase
- 887,950AED
- 20% down plus AED 237,950 in fees
Owning costs AED 874,037 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 16?
- No gross yield is published for Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 as of 2026-10-12: fewer than 5 new Ejari contracts were registered in the last 12 months. In the last 12 months it had 3 registered sales and 1 new Ejari contract; a published yield needs at least 5 new contracts and 3 sales. The District One median is 4.4% gross.
- How much does a 3 bedroom in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 cost?
- The median registered sale price is AED 3.25M (1,844 AED/sqft), from 3 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What is the registered annual rent for a 3 bedroom in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16?
- The median new annual rent is AED 230,000, from 1 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.
- How many apartments change hands in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16?
- 3 sales were registered with the Dubai Land Department in the last 12 months, alongside 1 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.
For agents
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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 3 registered sales 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 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-16
Stable dataJSON