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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16

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

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

Ask about Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 →

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

  1. Does it pay a good rent?4.7% gross, before the service charge (not on file) (Dubai median 6.8%)4.7%Watch
  2. 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%.

  3. Are rents going up?New leases: AED 105,000 a year ago, AED 95,000 now-9.5%Watch
  4. Are prices going up?All types: AED 2,147/sqft a year ago, 1,912 now-10.9%Watch
  5. 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
  6. Can I sell easily?5 sales in 12 months, 5% of the tower (7 the year before)5Fair
  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 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

Check an asking price →How each reading works →

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

TypeMedian priceGross yieldNew rent12-month changeSales
1 bed77 units · 767 sqftAED 1.72M2,311/sqftunder 3 salesnot publishedunder 5 sales in a year2
3 bed9 units · 1,779 sqftAED 3.25M1,844/sqftunder 5 contractsunder 5 contractsunder 5 sales in a year3
Appreciation, rental income and short-term detail, by unit type

Appreciation

3 bed · price per sqft · District One · area median AED 2,374/sqft

Rental income

3 bed · District One

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)

Median price paid, 3 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, 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%
5 years ago
1,450
+32%
3 years ago
2,087
−8%
Previous 12 months
2,147
−11%
Last 12 months
1,912
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.

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

DateTypeSqftPriceAED/sqft
15 Sept 20263 bed1,779AED 3,250,0001,827
7 Sept 20261 bed745AED 1,425,0001,912
10 Jun 20261 bed745AED 2,020,0002,710
1 Jun 20263 bed907AED 1,983,9002,187
23 Oct 20253 bed2,712AED 5,000,0001,844

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.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
13Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 25Completed 2023 · off-plan 1,698/sqftAED 2.14M2,018+5.6%4.9%-14.9%5
14Naya 27% · Q3 2027 · off-plan 1,996/sqftAED 1.57M1,987+3.9%——7
15Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 14Completed 2023 · off-plan 1,670/sqftAED 1.48M1,948+1.9%6.8%-17.1%12
16Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28Completed 2023 · off-plan 1,935/sqftAED 1.47M1,917+0.3%6.5%—3
17Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16 · this buildingCompleted 2019 · off-plan 1,638/sqftAED 2.02M1,9124.7%-10.9%5
18Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 26Completed 2023 · off-plan 1,728/sqftAED 1.44M1,829-4.3%8.0%—31
19Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 4Completed 2021 · off-plan 1,500/sqftAED 1.12M1,478-22.7%11.2%—12

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 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 16

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 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.

Pinned by Google from the registered name; verify the plot before relying on it.Open in Google Maps

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

  1. Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16AED 1,912
  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 16District One median building

  1. District One4.7% 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 16, 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 16 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 3 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 16’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
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.

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

Ask about Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16

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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.

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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
Canonical record
/sale/apartments/dubai/mbr-city-district-one/mohammed-bin-rashid-al-maktoum-city-district-one-phase-iii-residences-16
Method
Definitions and calculations

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