Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28
- Completed 2023
- 5 floors
- 2 lifts
- 33 parking bays
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
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
- Does it pay a good rent?6.5% gross, before the service charge (not on file) (Dubai median 6.8%)6.5%Fair
- 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%.
- Are rents going up?New 1 bed leases: AED 110,000 a year ago, AED 95,000 now-13.6%Watch
- 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
- Can I sell easily?3 sales in 12 months, 10% of the tower (6 the year before)3Fair
- 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?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
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
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
- vs area median
- -4.8%
- Rank by price per sqft
- 11th of 14
- Off-plan price gain, 2022–2023
- +5.9% · +1.6%/yr
Rental income
1 bed · District One
- Gross yield
- 6.5%
- 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)
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%
- 44 sales
- 3 years ago
- 2,160
- −11%
- 12 sales
- Previous 12 months
- 2,059
- −7%
- 6 sales
- Last 12 months
- 1,917
- today
- 3 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.
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.
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 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 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.
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
- Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28AED 1,917
- 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 28District One median building
- District One6.5% vs 5.7%
Nearby in District One
Prices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28, on the mapPrices per sq ft around Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 28, 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 · 1 bedRead with care
- 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
- 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 28’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
- 6,537AED
- 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.
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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
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