Sold for AED 1,550,000: 1-Bedroom Apartment in Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12
Its price per sqft is −5% vs the Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 median (AED 2,170/sqft).
Sale price
AED 1,550,000
- Per sqft
- AED 2,059
- Registered
- 12 Jun 2026, 10:02 (Dubai)
01 / Price history
This unit's history
Every registration of this 1-bedroom apartment in Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12: same layout, exact size (753 sqft) and parking bay L1-123. The registry has no unit numbers, so records are matched on these details.
12 Jun 2026This sale
753 sqft · AED 2,059/sqft · Ready
First recordAED 1,550,00012 Jun 2026Mortgage
Same day as previous · 753 sqft · AED 1,648/sqft · Ready
20%lower than the previous recordAED 1,240,000
- Records
- 2
- Registered
- Same day
- as the mortgage, 12 Jun 2026
- Loan to value
- 80%
- AED 1.24M mortgage on the AED 1.55M sale
02 / The property
Property details
- Size
- 753 sqft · 69.92 m²
- Bedrooms
- 1 BR
- Registered as
- Sale
- Property sub-type
- Flat
- Usage
- Residential
- Tenure
- Freehold
- Parking
- L1-123
- Nearest metro
- Business Bay Metro Station
- Nearest mall
- Dubai Mall
- Nearest landmark
- Downtown Dubai
03 / Comparables
All sales in Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 (9 Feb 2026 – 26 Aug 2026)
4 market sales. Percentages compare each sale with this one.
| Sale record | Recorded | Value · AED | AED / sqft |
|---|---|---|---|
| 26 Aug 2026 | 3.25M+110% vs selected | 2,502+21% vs selected | |
| 11 Aug 2026 | 1.4M−10% vs selected | 1,860−10% vs selected | |
1 BR · 753 sqftSelected sale | 12 Jun 2026 | 1.55M | 2,059 |
| 9 Feb 2026 | 2.5M+61% vs selected | 2,280+11% vs selected |
04 / Renting it out
What similar apartments rent for
Median of 3 market rents of apartments of 640–866 sq ft in Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12. The gross yield is that rent against this sale's price, before service charges, fees and empty months.
- Median rent / yr
- AED 90,000
- Per sqft / yr
- AED 119/sqft
- Gross yield
- 5.8%