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

Buy: 1.55MAED; AED 1,966/sqft
Long-let: 6.77%; AED 105,000/yr

Priced off the last 5 sales — most recent August 2026.

Yield spread: +0.0 pts; vs the Mohammed Bin Rashid City District One median for this unit type
Turnover upside: -2.3%; new tenants pay less than sitting ones — 6 renewals
AED/yr/sqft: AED 133
Sales: 7
Rental contracts: 13
Renewal rent: AED 107,500/yr

12 months: -6.9%
3 years: -5.7%-2.0%/yr

Based on 7 sales and 13 rental contracts in the last 24 months.

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 is an apartment building in Mohammed Bin Rashid City District One, Dubai, one of the towers in the Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 28 development. Land Department records for it run from 2022 to 2026, 138 registered sales in all — the 7 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
1 bed	AED 1.55M	1966	6.77% +0.0 pts	-6.9%	7
2 bed	AED 2.75M	1987	—	—	2

Deltas compare each yield with the Mohammed Bin Rashid City District One median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Off-plan vs resale

Units sold off-plan in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 between 2022 and 2023 went for a median of AED 1,935/sqft (AED 1.49M). The same building resells today at AED 1,966/sqft (AED 1.61M) — an uplift of +8.5%.

Based on 44 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

Sales

Date	Type	Sqft	Price	AED/sqft
5 Aug 2026	1 bed	788	AED 1,300,000	1,649
6 Jul 2026	1 bed	767	AED 1,470,000	1,917

2 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
16 Aug 2026	1 bed	767	AED 115,000	150	New
1 Jul 2026	1 bed	788	AED 78,000	99	Renewal
28 May 2026	1 bed	788	AED 95,000	120	New

3 contracts starting on or after 26 May 2026.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 5
Lifts: 2
Parking bays: 33

Compare with nearby buildings

The most-traded buildings in Mohammed Bin Rashid City District One, on the same figures over the same window.

Highest rental yields in Mohammed Bin Rashid City District One · Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 places 8th of 19

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 6.77% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 13 rental contracts registered in the last 24 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 1.55M (1,966 AED/sqft), from 7 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
Have prices in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 risen or fallen?: Median price per square foot moved -6.9% over the last 12 months against the 12 before it, on 7 registered sales. On a sample this size, read the direction rather than the exact figure.
Do new tenants in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 pay more than sitting ones?: A new tenant pays -2.3% against a renewing one, across 6 renewal contracts in the last 24 months. Renewals are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands.
Did off-plan buyers in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28 make money?: Units bought off-plan between 2022 and 2023 later resold +4.5% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.