PropertyIndex

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23

Completed · Q1 2023|42 units · 1 building

Alerts: Get notified of every new DLD-registered sale and rental contract.

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 is a completed apartment development by District One - FZ in Mohammed Bin Rashid Al Maktoum City District One, Al Merkadh, comprising 42 registered units. 52 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,271 per sqft. At AED 2,271 per sqft, Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 prices 7% above the Mohammed Bin Rashid Al Maktoum City District One average of AED 2,117 per sqft on registered sales.

PIX© price · 2.8% YoY
1.98MAED
Typical
2,271AED
PSF
Gross yield
4.7%
PIX© rent ÷ PIX© price
Sale records
52
DLD · all time
Rent contracts
33
Ejari · all time
Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23

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
33 – 1,605 sqft
421.98M2,2712.8%93K4.7%
Residential
1 Bed · Apartment
767 – 1,605 sqft
26
2 Bed · Apartment
1,380 – 1,543 sqft
5
Commercial
Store
33 – 86 sqft
11
Sales — Project-Wide52 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
DateUnitPositionSizePricePSFvs Prior SaleTierType
6 Apr 20262 BedMohammed Bin Rashid Al Maktoum City, District One Phase Iii, Residences 23 · Floor 11,3873,270,0002,357+4.6%StandardStandard Sale
25 Feb 20261 BedMohammed Bin Rashid Al Maktoum City, District One Phase Iii, Residences 23 · Floor 37671,730,0002,256+21.5%StandardStandard Sale
12 Dec 20251 BedMohammed Bin Rashid Al Maktoum City, District One Phase Iii, Residences 23 · Floor 37881,600,0002,029+15.2%Entry LevelStandard Sale
Rentals — Project-Wide33 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
1 Aug 20261 BedMohammed Bin Rashid Al Maktoum City, District One Phase Iii, Residences 23 · Floor G1,48490,00061-18.2%Entry Levelnew
15 Jun 20261 BedMohammed Bin Rashid Al Maktoum City, District One Phase Iii, Residences 23 · Floor 478875,00095-24.8%Entry Levelnew
18 Apr 20262 BedMohammed Bin Rashid Al Maktoum City, District One Phase Iii, Residences 23 · Floor 21,387230,0000.0%Standardrenewal

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 3 , Residences 23

Answered from Dubai Land Department registered transactions.

How much does a property in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 cost?

Property in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 sells at a current PIX© price of AED 2,271 per sqft, or about AED 1,979,381 for a typical unit, based on 52 sales registered with the Dubai Land Department.

Is Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 completed?

Yes. Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 is recorded as completed in the Dubai Land Department project register (completed q1 2023).

Who is the developer of Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23?

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 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 3 , Residences 23?

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 yields 4.7% gross, calculated from current PIX© rent against current PIX© sale price, across 33 registered Ejari contracts.

How many units are in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23?

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 holds 42 registered units, per the Dubai Land Department unit register.

Have prices in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences 23 gone up or down?

Price per sqft has fallen -2.8% over the last 12 months, to AED 2,271, across 52 registered sales.