PropertyIndex

Mohammed Bin Rashid Al Maktoum City- District One, Phase 1

Completed · Q1 2020|303 villas

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Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 is a completed land development by District One - FZ in Mohammed Bin Rashid Al Maktoum City District One, Al Merkadh, comprising 303 registered villas. 624 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,692 per sqft. At AED 2,692 per sqft, Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 prices 27% above the Mohammed Bin Rashid Al Maktoum City District One average of AED 2,117 per sqft on registered sales.

PIX© price · 21.3% YoY
32.54MAED
Typical
2,692AED
PSF
Gross yield
3.9%
PIX© rent ÷ PIX© price
Sale records
624
DLD · all time
Rent contracts
724
Ejari · all time
Mohammed Bin Rashid Al Maktoum City- District One, Phase 1

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
7,373 – 32,204 sqft
30332.54M2,69221.3%1.28M3.9%
2 Bed · Villa
7,544 – 8,487 sqft
2
3 Bed · Villa
9,372 – 9,744 sqft
2
4 Bed · Villa
7,373 – 9,537 sqft
112
5 Bed · Villa
8,287 – 15,739 sqft
110
6 Bed · Villa
7,584 – 29,819 sqft
62
7 Bed · Villa
15,328 – 32,131 sqft
13
8 Bed · Villa
30,617 – 32,204 sqft
2
Villa (Bedrooms Unknown)
12,711 – 32,204 sqft
Sales — Project-Wide624 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
22 Jul 20264 Bed7,87816,800,0002,132-13.9%Entry LevelStandard Sale
29 Jun 20264 Bed7,53514,000,0001,858+5.7%Entry LevelStandard Sale
12 Jun 20265 Bed9,76126,000,0002,664+92.6%StandardStandard Sale
Rentals — Project-Wide724 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20264 Bed8,638875,000101Standardnew
1 Aug 20265 Bed8,5301,048,564123-19.3%Entry Levelnew
16 Jul 20266 Bed12,164850,00070Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Mohammed Bin Rashid Al Maktoum City District One

The closest-priced registered projects in Mohammed Bin Rashid Al Maktoum City District One.

Common questions about Mohammed Bin Rashid Al Maktoum City- District One, Phase 1

Answered from Dubai Land Department registered transactions.

How much does a property in Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 cost?

Property in Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 sells at a current PIX© price of AED 2,692 per sqft, or about AED 32,535,745 for a typical unit, based on 624 sales registered with the Dubai Land Department.

Is Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 completed?

Yes. Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 is recorded as completed in the Dubai Land Department project register (completed q1 2020).

Who is the developer of Mohammed Bin Rashid Al Maktoum City- District One, Phase 1?

Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 is developed by District One - FZ, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Mohammed Bin Rashid Al Maktoum City- District One, Phase 1?

Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 yields 3.9% gross, calculated from current PIX© rent against current PIX© sale price, across 724 registered Ejari contracts.

How many villas are in Mohammed Bin Rashid Al Maktoum City- District One, Phase 1?

Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 holds 303 registered villas, per the Dubai Land Department unit register.

Have prices in Mohammed Bin Rashid Al Maktoum City- District One, Phase 1 gone up or down?

Price per sqft has risen +21.3% over the last 12 months, to AED 2,692, across 624 registered sales.