Residences 16Completed 2022AED 1,844 per sq ft ▼ 14% in a year resale, 5 sales
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Home › Mohammed Bin Rashid City › Residential towers › District One › Residences 16
Map: Google Maps
Mid-range residential tower built by District One - FZ (Meydan), handed over in 2022, with 45 resales and 57 off-plan sales since 2020

Residences 16, Mohammed Bin Rashid City · by District One - FZ (Meydan)

An apartment in Residences 16 sold for about AED 2,133 per sq ft in 2024

Median of 16 apartment sales in 2024, median price AED 1,737,500. Source: Dubai Land Department register, to 12 Feb 2026. 5 market sales in the 12 months to 23 Oct 2026; 102 sales on record since 2020. That is too few for a home price.

The market says
5 resales of all sizes in 12 months at AED 1,844 per sq ft (-14% in a year); a higher price than 32% of Mohammed Bin Rashid City towers; owners who sold gained 6.1% a year and 15% sold at a loss; 5 homes for sale now.
James Paul Booth
The agent's view
“Owners who sold in Residences 16 made 6.1% a year, and 15% of them sold at a loss. There are about 12 months of homes for sale, so the buyer can negotiate. That is a steady record. I would buy for rent and a long hold, not for a quick resale.”
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.

Asking now, 1-bed
AED 1,650,000 (3 listings)
Official record
165 registered sales since 2018: 165 apartment
69 units with a sale on record since 2020.
0sales in the last 30 days: 0 resale, 0 off-plan
5for sale now
12 monthsTime 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 16 on the map

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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: soldMedian askingRent a year
1-bedunder 5 (2)AED 1,650,000 (3)– (2)
2-bed– (0)– (1)– (0)
3-bedunder 5 (3)– (1)– (0)

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 (2 of 102 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 (0); a size more than 1.6 times the usual size for the recorded type, or a "studio" above 750 sq ft (2). They stay in the list below with a label.

Resale price per sq ft fell 14% in a year

Median AED 1,844 per sq ft in the last 12 months (5 resale sales, all sizes) against AED 2,146 in the 12 months before (7 resale sales, all sizes).

2023-Q2: AED 2,421 per sq ft, 2 sales2,42123 Q22023-Q3: AED 2,208 per sq ft, 8 sales2,20823 Q32023-Q4: AED 2,034 per sq ft, 11 sales2,03423 Q42024-Q1: AED 2,022 per sq ft, 6 sales2,02224 Q12024-Q2: AED 2,502 per sq ft, 3 sales2,50224 Q22024-Q3: AED 2,783 per sq ft, 1 sale2,78324 Q32024-Q4: AED 2,146 per sq ft, 5 sales2,14624 Q42025-Q1: AED 2,173 per sq ft, 1 sale2,17325 Q12025-Q2: AED 1,676 per sq ft, 1 sale1,67625 Q22025-Q3: AED 1,596 per sq ft, 1 sale1,59625 Q32025-Q4: AED 1,844 per sq ft, 1 sale1,84425 Q426 Q12026-Q2: AED 1,913 per sq ft, 2 sales1,91326 Q22026-Q3: AED 1,869 per sq ft, 2 sales1,86926 Q32 sales28 sales811 sales116 sales63 sales31 sales15 sales51 sales11 sales11 sales11 sales10 sales02 sales22 sales2Median 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. Off-plan sales are 56% of all sales in this tower, so the early quarters show launch prices.

What owners made: +6.1% a year, 15% sold at a loss

20 owners bought a home in Residences 16 and sold it again as a completed home 6 months or more later. Half of them held it for 3.4 years or more. A gain is the change in the price for each year held, before fees, service charge and rent.

+6.1%median gain a year. apartments in Dubai +10.9%
15%sold at or below the price paid. apartments in Dubai 12%
1.0points a year below homes in Dubai that were resold over the same months

By unit type, and bought off-plan or completed

Unit typeGain a yearSold at a lossOwners
1-bed+5.8%14%14
Bought asGain a yearSold at a lossOwners
Off-plan+6.2%11%19

Round trips: the same unit number sold twice, bulk transfers and same-price transfers out, 5 or more owners for each line. Only owners who sold are counted: an owner who waits for a better price is not here. An owner who bought off-plan paid in stages, so the gain on the cash paid in is higher than the gain on the price. Dubai figures: 55,901 round trips by the same rule, all areas, to 23 Oct 2026.

Every sale since 2020: 102 sales of 69 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
3063-bed1,779AED 3,250,0001,82715 Sep 2026Resale+14% from AED 2.86m in 2020
4091-bed745AED 1,425,0001,9127 Sep 2026Resale-20% from AED 1.78m in 2023
5041-bed745AED 2,020,0002,7109 Jun 2026Resale
2043-bed1,779AED 1,983,9001,1151 Jun 2026Resale
G033-bed2,712AED 5,000,0001,84423 Oct 2025Resale+16% from AED 4.33m in 2025
G033-bed2,712AED 4,329,2021,59617 Jul 2025Resale-3% from AED 4.48m in 2021
4121-bed776AED 1,300,0001,67629 May 2025Resale+0% from AED 1.30m in 2020
2021-bed745AED 1,620,0002,17324 Jan 2025Resale+33% from AED 1.22m in 2020
1081-bed745AED 1,580,0002,12023 Dec 2024Resale+30% from AED 1.22m in 2020
8072-bed1,289AED 3,720,0002,88612 Nov 2024Resale
3072-bed1,289AED 3,900,0003,02512 Nov 2024Resale+66% from AED 2.35m in 2022
8041-bed745AED 1,600,0002,14623 Oct 2024Resale+31% from AED 1.22m in 2020
7041-bed745AED 1,580,0002,12010 Oct 2024Resale+29% from AED 1.22m in 2020
8063-bed1,779AED 4,950,0002,7832 Aug 2024Resale+72% from AED 2.88m in 2020
8101-bed759AED 1,500,0001,9765 Jun 2024Resale
8111-bed749AED 1,875,0002,50225 Apr 2024Resale+20% from AED 1.56m in 2023
1051-bed745AED 1,880,0002,5222 Apr 2024Resale
4072-bed1,289AED 3,450,0002,67719 Mar 2024Resale+50% from AED 2.30m in 2021
1023-bed1,779AED 4,500,0002,53022 Feb 2024Resale
G042-bed2,091AED 4,400,0002,10412 Feb 2024Resale+40% from AED 3.15m in 2021 size does not fit the recorded type
6111-bed749AED 1,500,0002,00225 Jan 2024Resale+13% from AED 1.33m in 2021
3021-bed767AED 1,550,0002,0225 Jan 2024Resale
3011-bed774AED 1,550,0002,0035 Jan 2024Resale
3031-bed767AED 1,550,0002,0225 Jan 2024Resale
7111-bed749AED 1,800,0002,40228 Dec 2023Resale+9% from AED 1.65m in 2023
G021-bed1,163AED 1,950,0001,67725 Dec 2023Resale+37% from AED 1.42m in 2021
7091-bed745AED 1,850,0002,4828 Nov 2023Resale
1011-bed787AED 1,600,0002,0346 Nov 2023Resale+53% from AED 1.04m in 2021
7081-bed755AED 1,700,0002,2536 Nov 2023Resale
8081-bed755AED 1,850,0002,4522 Nov 2023Resale+54% from AED 1.20m in 2022
6101-bed759AED 1,500,0001,97631 Oct 2023Resale
3091-bed745AED 1,500,0002,01219 Oct 2023Resale
7063-bed1,779AED 4,750,0002,67018 Oct 2023Resale+65% from AED 2.88m in 2020
4031-bed767AED 1,540,0002,00911 Oct 2023Resale
4011-bed775AED 1,550,0001,9994 Oct 2023Resale
4091-bed745AED 1,780,0002,38813 Sep 2023Resale
7111-bed749AED 1,650,0002,2028 Sep 2023Resale
8011-bed775AED 1,530,0001,97418 Aug 2023Resale+19% from AED 1.28m in 2020
8031-bed767AED 1,600,0002,08717 Aug 2023Resale+33% from AED 1.20m in 2020
6081-bed755AED 1,740,0002,30616 Aug 2023Resale
1041-bed755AED 1,800,0002,3868 Aug 2023Resale
6031-bed767AED 1,170,4951,52725 Jul 2023Resale-4% from AED 1.22m in 2020
6041-bed745AED 1,650,0002,21418 Jul 2023Resale+35% from AED 1.22m in 2020
8111-bed749AED 1,565,0002,08923 Jun 2023Resale
6072-bed1,289AED 3,550,0002,75418 May 2023Resale+42% from AED 2.50m in 2022
7031-bed767AED 1,650,0002,15230 Mar 2023Off-plan, sold again+38% from AED 1.20m in 2020
G071-bed1,034AED 1,900,0001,83721 Mar 2023Off-plan, sold again+50% from AED 1.26m in 2021
1071-bed769AED 1,310,0001,70428 Feb 2023Off-plan, sold again+41% from AED 931,049 in 2021
8051-bed787AED 1,460,0001,85622 Feb 2023Off-plan
6051-bed787AED 1,375,0001,74831 Jan 2023Off-plan
3051-bed787AED 1,375,0001,74826 Jan 2023Off-plan
1061-bed759AED 1,600,0002,10826 Dec 2022Off-plan, sold again+75% from AED 915,000 in 2021
4041-bed745AED 1,550,0002,07915 Dec 2022Off-plan
6011-bed775AED 1,300,0001,6779 Dec 2022Off-plan, sold again+6% from AED 1.23m in 2020
6063-bed1,779AED 4,350,0002,44610 Nov 2022Off-plan
8081-bed755AED 1,200,0001,5905 Sep 2022Off-plan
6072-bed1,289AED 2,500,0001,9404 Aug 2022Off-plan
5081-bed755AED 1,350,0001,7896 Jul 2022Off-plan
5063-bed1,779AED 3,250,0001,82730 Jun 2022Off-plan
3072-bed1,289AED 2,350,0001,82322 Jun 2022Off-plan
4063-bed1,779AED 2,750,0001,54620 Sep 2021Off-plan, sold again+1% from AED 2.72m in 2020
4072-bed1,289AED 2,300,0001,7844 Jul 2021Off-plan, sold again+10% from AED 2.08m in 2020
G042-bed2,091AED 3,150,0001,50610 Jun 2021Off-plan size does not fit the recorded type
G061-bed1,019AED 1,489,1501,46225 Apr 2021Off-plan, sold again+18% from AED 1.26m in 2021
G033-bed2,712AED 4,477,0551,6514 Apr 2021Off-plan
1011-bed787AED 1,042,9751,32621 Mar 2021Off-plan
G011-bed1,057AED 1,437,2911,35921 Mar 2021Off-plan
G071-bed1,034AED 1,262,6691,2212 Mar 2021Off-plan
1071-bed769AED 931,0491,2112 Mar 2021Off-plan
G061-bed1,019AED 1,258,4551,2352 Mar 2021Off-plan
1061-bed759AED 915,0001,2062 Mar 2021Off-plan
G021-bed1,163AED 1,419,8491,2212 Mar 2021Off-plan
G051-bed1,028AED 1,233,0001,19923 Feb 2021Off-plan
8121-bed776AED 1,377,9531,77716 Feb 2021Off-plan
4051-bed787AED 1,468,5761,8678 Feb 2021Off-plan
5051-bed787AED 1,476,4301,8778 Feb 2021Off-plan
6111-bed749AED 1,326,0281,7701 Feb 2021Off-plan
4121-bed776AED 1,297,6101,67329 Sep 2020Off-plan
6031-bed767AED 1,223,6641,59625 Jun 2020Off-plan
4072-bed1,289AED 2,083,4321,6169 Jun 2020Off-plan
2071-bed745AED 1,216,7941,6324 Jun 2020Off-plan
8011-bed775AED 1,282,2921,65427 May 2020Off-plan
5031-bed767AED 1,223,6641,59618 May 2020Off-plan
7063-bed1,779AED 2,881,2021,62012 May 2020Off-plan
6011-bed775AED 1,228,8631,58512 May 2020Off-plan
8063-bed1,779AED 2,881,2021,62011 May 2020Off-plan
7072-bed1,289AED 2,096,0591,6267 May 2020Off-plan
7051-bed787AED 1,303,6561,6587 May 2020Off-plan
3063-bed1,779AED 2,863,8451,61028 Apr 2020Off-plan
6021-bed767AED 1,277,0481,66615 Apr 2020Off-plan
8021-bed767AED 1,277,0481,66615 Apr 2020Off-plan
5011-bed775AED 1,282,2921,65414 Apr 2020Off-plan
2021-bed745AED 1,216,5241,63213 Apr 2020Off-plan
8041-bed745AED 1,223,8341,6428 Mar 2020Off-plan
8031-bed767AED 1,199,1911,56412 Feb 2020Off-plan
7041-bed745AED 1,223,8341,64212 Feb 2020Off-plan
4063-bed1,779AED 2,720,6471,53010 Feb 2020Off-plan
6041-bed745AED 1,223,8341,64210 Feb 2020Off-plan
3121-bed774AED 1,230,3581,58910 Feb 2020Off-plan
3111-bed761AED 1,223,9861,60810 Feb 2020Off-plan
7031-bed767AED 1,199,1911,56410 Feb 2020Off-plan
1081-bed745AED 1,217,7481,6345 Feb 2020Off-plan

5 homes for sale: asking prices and days listed

5 homes are for sale in Residences 16. The median advert has been listed for 3 days; the oldest for 8 days.

TypeFor saleMedian askingAsking per sq ftSold per sq ft (sales)Median time listed
1-bed3AED 1,650,0002,174too few sales3 days
2-bed1AED 4,400,0002,104too few sales0 days
3-bed1AED 5,100,0002,867too few sales8 days

How long the adverts have been listed

30 days or less5
31 to 90 days0
91 to 180 days0
More than 180 days0

Each home for sale, closest to sold prices first

TypeSq ftAskingPer sq ftDays listedNotes
1-bed775AED 1,550,0002,0000furnished
2-bed2,091AED 4,400,0002,1040
1-bed759AED 1,650,0002,1747
1-bed759AED 1,650,0002,1743
3-bed1,779AED 5,100,0002,8678furnished

Adverts: one reading on 7 Oct 2026. Sold prices: resale sales in this tower in the last 12 months, 5 or more of the type. An advert has no unit number, so we compare the price per sq ft with the type, not with the same unit. An asking price is not a sale price. Days listed is from the date on the advert: an agent can place a home again as a new advert, so the real time for sale can be longer. 1 adverts have the same type, size and price as another advert: they are probably the same home with a second agent. We cannot show price cuts over time or the time to sell yet: these need more than one reading.

The official record: 165 registered sales since 2018

Dubai Land Department register for "Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 16", 10 Jul 2018 to 12 Feb 2026: 165 apartment sales, plus 29 mortgages and 1 gifts. This source has every year and every unit type, but no unit numbers.

YearApartments: salesAED per sq ft
202541,760
2024162,133
2023272,087
202291,881
2021171,450
2020261,635
2019291,625
2018371,638

Median AED per sq ft is shown for 3 or more sales in a year. 124 of these sales were off-plan and 41 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 99 sales and our unit list has 98.

Get a message when something changes in Residences 16
Sales, price cuts, new adverts, rents and news, on WhatsApp. You choose what and how often.
Sales alert

Which side faces what

The direction of each landmark from Residences 16, 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
NorthThe Residences at District One, a tower 76 m away · Residences 1, a tower 130 m away · Residences 2, a tower 142 m away · Dubai Design District 3.6 km · Burj Khalifa 4.6 km · DIFC 6.1 km
North-eastNaya 3, a tower 137 m away · Dubai Creek and Ras Al Khor 6.2 km
EastNaya 2, a tower 124 m away · Meydan racecourse 1.4 km
South-westResidences 15, a tower 65 m away · Residences 14, a tower 145 m away · Dubai Marina skyline 17.0 km
WestBurj Al Arab and the sea 10.3 km
North-westSheikh Zayed Road 4.3 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-16

Where sources disagree

No conflict found between sources.

Around Residences 16

Price against the nearest towers

TowerDistanceAED per sq ft, 12 months (sales)
Residences 16 (this tower)–1,844 (5)
Residences 1565 m2,023 (11)
Naya 2124 m– (3)
Residences 1130 m– (1)
Naya 3137 m– (3)
Residences 2142 m– (1)
Residences 14145 m1,948 (10)
Residences 3168 m– (1)
Residences 13170 m1,997 (10)

Drive times with no traffic

ToTimeDistance
Dubai Mall16 min10.8 km
DIFC Gate16 min11.6 km
DXB Terminal 338 min24.8 km
Dubai Marina Mall27 min22.7 km
Mall of the Emirates20 min16.4 km
Kite Beach18 min12.5 km
DWC airport51 min45.8 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, 5 Feb 2020 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 16 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.