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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28

A 1 bed in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 costs a median AED 1.47M and rents long-let for AED 95,000/yr (6.5% gross).

1 bed · typical price

1.47MAED

AED 1,917/sqft

Rent a year
AED 95,000
Gross yield
6.5%
vs District One
5% below the median
Cost to buy, all inAED 1.56M
Price
AED 1.47M
DLD fee 4%
AED 58,800
Agent 2% + VAT
AED 30,870
Trustee
AED 4,200

Fees repaid by rent12 months

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

Ask about Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 →

Is Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 a good investment?Few units are let, rents are slipping and lots of new supply is coming

  1. Does it pay a good rent?6.5% gross, before the service charge (not on file) (Dubai median 6.8%)6.5%Fair
  2. Is it easy to let?29% of units signed a yearly lease in 12 months; the typical District One building manages 40%29%Watch
    District One median 40% · top tenth from 45%Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 · 29%

    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 28 is at 29%.

  3. Are rents going up?New 1 bed leases: AED 110,000 a year ago, AED 95,000 now-13.6%Watch
  4. How fast do fees pay back?AED 93,870 in fees to buy a 1 bed; rent covers it in 1.0 years1.0 yrs
  5. Can I sell easily?3 sales in 12 months, 10% of the tower (6 the year before)3Fair
  6. 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
  7. Did earlier buyers gain?Launch buyers still 1% down, before fees-0.9%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 28 prices and rents by unit typeA one-bed costs about AED 1.47M and rents for about AED 95,000 a year

TypeMedian priceGross yieldNew rent12-month changeSales
1 bed26 units · 788 sqftAED 1.47M1,917/sqft6.5%+0.4 ptsAED 95,0005 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

Rank by price per sqft
11th of 14

Rental income

1 bed · District One

Median new rent
AED 95,000/yr
Yield vs area median
+0.4 pts
Yield vs Dubai (6.8%)
-0.3 pts
Yield rank
4th of 11
Renewal rent
AED 105,000/yr

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, 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: Jul 2022, AED 1,429,645; latest, Aug 2026, AED 1,385,000; peak, Nov 2022, AED 1,761,933. Rent on new leases: Jan 2024, AED 109,704 a year; latest, Sep 2026, AED 103,750.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 1,917 · before fees

Launch, 2022–23
1,935
−1%
3 years ago
2,160
−11%
Previous 12 months
2,059
−7%
Last 12 months
1,917
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.

DateTypeSqftPriceAED/sqft
5 Aug 20261 bed788AED 1,300,0001,649
6 Jul 20261 bed767AED 1,470,0001,917
6 Feb 20261 bed788AED 1,615,0002,048

3 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 28 places 16th of 19; the nearest 7 are shown.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
12Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 13Completed 2023 · off-plan 1,730/sqftAED 2.35M2,022+5.5%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+5.3%4.9%-14.9%5
14Naya 27% · Q3 2027 · off-plan 1,996/sqftAED 1.57M1,987+3.6%——7
15Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 14Completed 2023 · off-plan 1,670/sqftAED 1.48M1,948+1.6%6.8%-17.1%12
16Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 · this buildingCompleted 2023 · off-plan 1,935/sqftAED 1.47M1,9176.5%—3
17Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16Completed 2019 · off-plan 1,638/sqftAED 2.02M1,912-0.3%4.7%-10.9%5
18Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 26Completed 2023 · off-plan 1,728/sqftAED 1.44M1,829-4.6%8.0%—31
19Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 4Completed 2021 · off-plan 1,500/sqftAED 1.12M1,478-22.9%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 28 (AED 1,917/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 28 has registered sale prices 5% below the District One median price per square foot of 2,014 AED, across 14 eligible buildings. It ranks 11th of 14 by price per square foot and 4th 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 28

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 28

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 is an apartment building completed in 2023 in District One. 69 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
5
Lifts
2
Parking bays
33

Nearest, as registered

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28: AED 1,917 per sq ft, 7% below the median District One building, and a 6.5% gross yield, above 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 28AED 1,917
  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 28District One median building

  1. District One6.5% 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 28, 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 28 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 28’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
6,537AED
4.5% over 25 years
Monthly rent
7,917AED
AED 95,000 a year
Cash needed at purchase
405,570AED
20% down plus AED 111,570 in fees

Owning costs AED 343,447 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 28?
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 returns 6.5% gross: a median new-contract rent of AED 95,000 a year (5 Ejari contracts in 12 months) over a price benchmark of AED 1.47M (median of 3 sales in the last 12 months, latest Aug 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 28 cost?
The median registered sale price is AED 1.47M (1,917 AED/sqft), from 3 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
How does Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 compare with District One?
Its 6.5% gross yield sits +0.4 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.
What is the registered annual rent for a 1 bedroom in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28?
The median new annual rent is AED 95,000, from 5 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 28 risen or fallen?
The median new annual rent changed -13.6% in the trailing 12 months against the previous 12, using 5 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.

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Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 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-28
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 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-28

Stable dataJSON