Residences 1Completed 2022AED 1,590 per sq ft register, 2023
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Home › Mohammed Bin Rashid City › Residential towers › District One › Residences 1
Map: Google Maps
Residential tower built by District One - FZ (Meydan), handed over in 2022, with 46 resales since 2022

Residences 1, Mohammed Bin Rashid City · by District One - FZ (Meydan)

An apartment in Residences 1 sold for about AED 1,590 per sq ft in 2023

Median of 19 apartment sales in 2023, median price AED 1,313,949. Source: Dubai Land Department register, to 12 Feb 2026. 1 market sale in the 12 months to 23 Oct 2026; 46 sales on record since 2022. That is too few for a home price.

The market says
75 registered sales since 2018 at AED 1,590 per sq ft (2023); owners who sold gained 4.1% a year and 14% sold at a loss.
James Paul Booth
The agent's view
“Owners who sold in Residences 1 made 4.1% a year, and 14% of them sold at a loss. That record is weak. I would only buy below the last sold price for the same layout.”
James Paul Booth, Dubai broker since 2018. A personal view. Not financial advice.
Ask James a question about this page

James is the human, licensed broker. Dalia, in the yellow bar, is the AI analyst.

Official record
75 registered sales since 2018: 75 apartment
31 units with a sale on record since 2022.
0sales in the last 30 days: 0 resale, 0 off-plan
0for sale now
Under 1 monthTime to sell: the homes now listed, at the last year's pace
AIWritten by Dalia, an AI data analyst. Data to 23 Oct 2026. Built 27 Oct 2026.

Residences 1 on the map

Three views of the same place, from the same direction. The other towers we cover are on all three: click one to open its page.

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3D: AI picture models of our towers (height and position from the map, detail approximate) and blocks from OpenStreetMap heights.

Resale and off-plan prices by bedroom

Resale = a completed home sold on. Off-plan = a home sold before the tower is complete, by the developer or by an earlier buyer (a Land Department "delayed sell"). The two are different markets, so we never mix them in one price. Sold = median price of sales in the 12 months to 23 Oct 2026. Asking and rent = live listings on 7 Oct 2026. Counts are in brackets. A median needs 5 sales or 3 listings.

TypeResale: soldResale: per sq ftRent a yearGross yield
1-bedunder 5 (1)–– (1)–

Rents are asking rents, not registered contracts. Yield = asking rent divided by the median resale price, before service charge.

Sales we leave out of every median, count and chart (1 of 46 here): bulk transfers, meaning 5 or more completed homes sold within two days at prices per sq ft within 25% of each other (0); a sale at exactly the same price as that unit's sale before (1); a size more than 1.6 times the usual size for the recorded type, or a "studio" above 750 sq ft (0). They stay in the list below with a label.

Too few resale sales to state a yearly change

1 resale sales in the last 12 months and 3 in the 12 months before. Each period needs at least 5.

2022-Q4: AED 2,200 per sq ft, 14 sales2,20022 Q42023-Q1: AED 1,574 per sq ft, 15 sales1,57423 Q123 Q22023-Q3: AED 2,486 per sq ft, 3 sales2,48623 Q32023-Q4: AED 2,495 per sq ft, 1 sale2,49523 Q424 Q12024-Q2: AED 2,159 per sq ft, 3 sales2,15924 Q224 Q324 Q42025-Q1: AED 2,342 per sq ft, 1 sale2,34225 Q12025-Q2: AED 2,327 per sq ft, 1 sale2,32725 Q22025-Q3: AED 1,695 per sq ft, 1 sale1,69525 Q325 Q426 Q126 Q22026-Q3: AED 1,829 per sq ft, 1 sale1,82926 Q314 sales1415 sales150 sales03 sales31 sales10 sales03 sales30 sales00 sales01 sales11 sales11 sales10 sales00 sales00 sales01 sales1Median AED per sq ftNumber of sales

Bars: median AED per sq ft by quarter. Blue line and blue numbers under the bars: number of sales in the quarter. Last 16 quarters at most. Grey bars have fewer than 3 sales.

Every sale since 2022: 46 sales of 31 units

Newest first. Each sale is marked Resale or Off-plan. The last column shows the change from the same unit's sale before.

UnitTypeSq ftPriceAED per sq ftDateMarketAgainst the sale before
1011-bed831AED 1,520,0001,82917 Sep 2026Resale-13% from AED 1.75m in 2022
G031-bed885AED 1,500,0001,69522 Sep 2025Resale+14% from AED 1.31m in 2023
G011-bed924AED 2,150,0002,32715 May 2025Resale+6% from AED 2.03m in 2022
3042-bed1,373AED 3,215,0002,3426 Feb 2025Resale+6% from AED 3.04m in 2022
3061-bed781AED 1,750,0002,23931 May 2024Resale+5% from AED 1.66m in 2023
2011-bed831AED 1,775,0002,1367 May 2024Resale+49% from AED 1.19m in 2023
2021-bed781AED 1,687,0002,15918 Apr 2024Resale+37% from AED 1.23m in 2023
2061-bed781AED 1,950,0002,49513 Nov 2023Resale+67% from AED 1.17m in 2023
2071-bed831AED 2,065,3152,48517 Aug 2023Resale+58% from AED 1.31m in 2023
4061-bed781AED 1,942,7702,48617 Aug 2023Resale+56% from AED 1.24m in 2023
G022-bed1,528AED 3,865,8402,53110 Jul 2023Resale
4021-bed781AED 1,750,0002,2397 Mar 2023Resale+50% from AED 1.17m in 2023
1071-bed831AED 2,050,0002,46727 Feb 2023Resale+72% from AED 1.20m in 2023
3051-bed767AED 1,881,4512,45323 Feb 2023Resale+65% from AED 1.14m in 2023
3011-bed831AED 1,745,1002,10023 Feb 2023Resale+46% from AED 1.19m in 2023
4021-bed781AED 1,166,2151,4929 Feb 2023Resale
2071-bed831AED 1,308,0531,5749 Feb 2023Resale
2011-bed831AED 1,194,6311,4379 Feb 2023Resale
3011-bed831AED 1,194,6311,4379 Feb 2023Resale
3051-bed767AED 1,141,6731,4899 Feb 2023Resale
1071-bed831AED 1,195,4391,4389 Feb 2023Resale
2021-bed781AED 1,231,9801,5779 Feb 2023Resale
G031-bed885AED 1,313,9491,4859 Feb 2023Resale
2061-bed781AED 1,167,0221,4939 Feb 2023Resale
4061-bed781AED 1,242,4571,5909 Feb 2023Resale
3061-bed781AED 1,661,3402,1269 Feb 2023Resale
4051-bed767AED 1,725,7502,25028 Dec 2022Resale
1051-bed767AED 1,680,0002,19128 Dec 2022Resale
4071-bed831AED 1,786,6502,15028 Dec 2022Resale
G011-bed924AED 2,032,8002,20030 Nov 2022Resale
2051-bed767AED 1,706,5752,22530 Nov 2022Resale
1042-bed1,373AED 3,020,6002,20130 Nov 2022Resale
3071-bed831AED 1,786,6502,15030 Nov 2022Resale
4011-bed831AED 2,000,0002,4078 Nov 2022Resale
3042-bed1,373AED 3,041,1952,21627 Oct 2022Resale
1061-bed781AED 1,663,5302,12920 Oct 2022Resale
3021-bed781AED 1,800,0002,30320 Oct 2022Resale
1011-bed831AED 1,745,1002,10011 Oct 2022Resale
1021-bed781AED 1,640,1002,0996 Oct 2022Resale
4031-bed767AED 1,702,7402,2203 Oct 2022Resale
4031-bed767AED 1,702,7402,2203 Oct 2022Resalesame price as in 2022: transfer
2042-bed1,373AED 3,020,6002,20127 Sep 2022Resale
3031-bed767AED 1,702,7402,22019 Sep 2022Resale
4042-bed1,373AED 3,008,1002,19213 Sep 2022Resale
2031-bed767AED 1,698,9052,2156 Sep 2022Resale
1031-bed767AED 1,695,0702,21024 Aug 2022Resale

The official record: 75 registered sales since 2018

Dubai Land Department register for "Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 1", 26 Nov 2018 to 12 Feb 2026: 75 apartment sales, plus 8 mortgages and 1 gifts. This source has every year and every unit type, but no unit numbers.

YearApartments: salesAED per sq ft
202532,327
202432,159
2023191,590
2022192,201
2018311,500

Median AED per sq ft is shown for 3 or more sales in a year. 31 of these sales were off-plan and 44 were of completed units. What our unit list above does not have: sales before 2020; mortgages and gifts. For homes from 2020 to 12 Feb 2026 the register has 44 sales and our unit list has 45.

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Which side faces what

The direction of each landmark from Residences 1, and the towers within 150 m that can stand in the way. What a home really sees depends on its floor and its side of the building. We do not have the unit positions for this tower yet, so we cannot tell you the view of one unit.

SideWhat lies that way
NorthDubai Design District 3.4 km · Burj Khalifa 4.5 km · DIFC 6.0 km
North-eastResidences 17, a tower 73 m away · Residences 18, a tower 140 m away · Dubai Creek and Ras Al Khor 6.1 km
EastMeydan racecourse 1.4 km
South-eastNaya 3, a tower 114 m away · Naya 2, a tower 136 m away
SouthResidences 16, a tower 130 m away
South-westThe Residences at District One, a tower 74 m away · Dubai Marina skyline 17.1 km
WestResidences 2, a tower 59 m away · Residences 3, a tower 107 m away · Burj Al Arab and the sea 10.3 km
North-westSheikh Zayed Road 4.2 km · Jumeirah beach and the sea 7.1 km

The building: 0 of 0 questions answered

Each answer names its source. Questions with no answer are listed as "checked, not found" so you know we looked.

Completed
2022

Sources for figures not in the developer fact file:

  • Completed: Completion year from mitchellscommercialrealty.com, read 15 Oct 2026: https://www.mitchellscommercialrealty.com/off-plan/mohammed-bin-rashid-al-maktoum-city-district-one-phase-iii-residences-1

Where sources disagree

No conflict found between sources.

Around Residences 1

Price against the nearest towers

TowerDistanceAED per sq ft, 12 months (sales)
Residences 1 (this tower)–– (1)
Residences 259 m– (1)
Residences 1773 m– (0)
Residences 3107 m– (1)
Naya 3114 m– (3)
Residences 16130 m1,844 (5)
Naya 2136 m– (3)
Residences 18140 m– (2)
Residences 19178 m– (2)

Drive times with no traffic

ToTimeDistance
Dubai Mall16 min10.5 km
DIFC Gate15 min11.3 km
DXB Terminal 337 min24.6 km
Dubai Marina Mall26 min22.5 km
Mall of the Emirates20 min16.2 km
Kite Beach17 min12.2 km
DWC airport50 min45.6 km

OSRM routing on OpenStreetMap roads. Real times in traffic are longer.

Own a unit here?

Ask for a report on your unit: its sales history, the same type's sales in the last 12 months and the homes for sale against it. A licensed partner agent, named on the report with the registration number, sends it. BUY DUBAI is not a broker and takes no part in the sale.

Method, sources and what we did not find

  • Sales: unit-level Dubai Land Department sale records, 24 Aug 2022 to 23 Oct 2026, checked by year against Dubai Land Department open data. Our unit list does not hold every sale, so some sales are missing.
  • Listings: one snapshot, 7 Oct 2026. Asking prices and asking rents.
  • Residents and building facts: Google Maps reviews and guide pages (Building guide from live adverts (facts and resident opinions; rewrite in your own words; cite as "live adverts")., Resident and public material found on the open web (one passage per block; source and date under each)., live adverts: community guide), read by an AI model on 27 Oct 2026 with a fixed question list. A script checks that each answer names its source.
  • Nobody visited the tower. Every fact is from a document, a map or a resident's review.
  • Checked, not found for this tower: a Google Maps place, resident reviews, guides, a floor plan document, unit positions on a floor, the side and view of each unit, building facts, the developer, a licensed photo.

Corrections

Found an error? Tell us what is wrong and how you know. We check it, correct the page and list the change here.

Change log: 27 Oct 2026 first build of this page. No correction yet.

Other towers in District One

Residences 1 is in District One, Mohammed Bin Rashid City. Sold prices and sales for the other towers with a page:

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Rental data (signed rents, renewals, asking against signed): RENT DUBAI, our sister site for tenants, from Dubai Land Department Ejari leases.