PropertyIndex

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12

Completed · Q1 2023|237 units · 1 tower

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Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 is a completed apartment development by District One - FZ in Mohammed Bin Rashid Al Maktoum City District One, Al Merkadh, comprising 237 registered units. 270 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,094 per sqft. At AED 2,094 per sqft, Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 prices 1% below the Mohammed Bin Rashid Al Maktoum City District One average of AED 2,117 per sqft on registered sales.

PIX© price · 13.6% YoY
1.94MAED
Typical
2,094AED
PSF
Gross yield
5.9%
PIX© rent ÷ PIX© price
Sale records
270
DLD · all time
Rent contracts
187
Ejari · all time
Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12

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
35 – 5,848 sqft
2371.94M2,09413.6%115K5.9%
Residential
1 Bed · Apartment
730 – 1,163 sqft
94
2 Bed · Apartment
1,096 – 2,140 sqft
64
5 Bed · Apartment
5,848 sqft
1
Commercial
Store
35 – 148 sqft
78
Sales — Project-Wide270 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
11 Aug 20261 BedMohammed Bin Rashid Al Maktoum City-District One, Phase Iii, Residences 12 · Floor 127531,400,0001,860+10.8%StandardStandard Sale
12 Jun 20261 BedMohammed Bin Rashid Al Maktoum City-District One, Phase Iii, Residences 12 · Floor 147531,550,0002,059-11.4%StandardStandard Sale
9 Feb 20262 BedMohammed Bin Rashid Al Maktoum City-District One, Phase Iii, Residences 12 · Floor 121,0962,500,0002,280+34.5%StandardStandard Sale
Rentals — Project-Wide187 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 134 rentals
Floors 1-5 · 35 rentals
Floors 6-16 · 99 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20262 Bed2,089152,00073Standardnew
8 Aug 20261 BedMohammed Bin Rashid Al Maktoum City-District One, Phase Iii, Residences 12 · Floor 5765101,168132Premiumnew
1 Aug 20261 BedMohammed Bin Rashid Al Maktoum City-District One, Phase Iii, Residences 12 · Floor 1074975,000100-18.5%Entry 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 3 , Residences12

Answered from Dubai Land Department registered transactions.

How much does a property in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 cost?

Property in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 sells at a current PIX© price of AED 2,094 per sqft, or about AED 1,943,885 for a typical unit, based on 270 sales registered with the Dubai Land Department.

Is Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 completed?

Yes. Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 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 , Residences12?

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 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 , Residences12?

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 yields 5.9% gross, calculated from current PIX© rent against current PIX© sale price, across 187 registered Ejari contracts.

How many units are in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12?

Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 holds 237 registered units, per the Dubai Land Department unit register.

Have prices in Mohammed Bin Rashid Al Maktoum City , District One Phase 3 , Residences12 gone up or down?

Price per sqft has fallen -13.6% over the last 12 months, to AED 2,094, across 270 registered sales.