Residences 23Completed 2023AED 1,865 per sq ft register, 2023
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Home › Mohammed Bin Rashid City › Residential towers › District One › Residences 23
Map: Google Maps
Residential tower built by District One - FZ (Meydan), handed over in 2023, with 20 resales and 32 off-plan sales since 2021

Residences 23, Mohammed Bin Rashid City · by District One - FZ (Meydan)

An apartment in Residences 23 sold for about AED 1,865 per sq ft in 2023

Median of 9 apartment sales in 2023, median price AED 1,585,000. Source: Dubai Land Department register, to 12 Feb 2026. 4 market sales in the 12 months to 23 Oct 2026; 52 sales on record since 2021. That is too few for a home price.

The market says
51 registered sales since 2021 at AED 1,865 per sq ft (2023); owners who sold gained 6.1% a year and 0% sold at a loss.
James Paul Booth
The agent's view
“Owners who sold in Residences 23 made 6.1% a year, and none of the 15 on record sold at a loss. 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.

Official record
51 registered sales since 2021: 51 apartment
31 units with a sale on record since 2021.
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 23 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: sold
1-bedunder 5 (3)
2-bedunder 5 (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 (4 of 52 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 (3). They stay in the list below with a label.

Off-plan price per sq ft by quarter

The tower has too few resale sales for a trend (4 in the last 12 months), so the chart shows the off-plan sales.

2021-Q4: AED 1,794 per sq ft, 8 sales1,79421 Q42022-Q1: AED 1,827 per sq ft, 13 sales1,82722 Q12022-Q2: AED 1,651 per sq ft, 5 sales1,65122 Q222 Q32022-Q4: AED 1,760 per sq ft, 1 sale1,76022 Q423 Q12023-Q2: AED 1,862 per sq ft, 3 sales1,86223 Q28 sales813 sales135 sales50 sales01 sales10 sales03 sales3Median 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 62% of all sales in this tower, so the early quarters show launch prices.

What owners made: +6.1% a year, 0% sold at a loss

15 owners bought a home in Residences 23 and sold it again as a completed home 6 months or more later. Half of them held it for 2.2 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%
0%sold at or below the price paid. apartments in Dubai 12%
5.5points 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+6.0%0%12
Bought asGain a yearSold at a lossOwners
Off-plan+6.1%0%13

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 2021: 52 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
1042-bed1,387AED 3,270,0002,3576 Apr 2026Resale+5% from AED 3.12m in 2023
3051-bed767AED 1,730,0002,25625 Feb 2026Resale+22% from AED 1.42m in 2022
3061-bed788AED 1,600,0002,02912 Dec 2025Resale+15% from AED 1.39m in 2022
1071-bed832AED 1,700,0002,04210 Nov 2025Resale+24% from AED 1.37m in 2022
4051-bed767AED 1,700,0002,21723 Sep 2025Resale+19% from AED 1.42m in 2022
2051-bed767AED 1,750,0002,28219 Aug 2025Resale+6% from AED 1.65m in 2024
3031-bed767AED 1,740,0002,2689 Jul 2025Resale+22% from AED 1.43m in 2022
4031-bed767AED 1,935,0002,52226 Nov 2024Resale+22% from AED 1.58m in 2023
G022-bed1,543AED 3,600,0002,33312 Aug 2024Resale+26% from AED 2.86m in 2022
2042-bed1,387AED 3,600,0002,59517 Apr 2024Resale+16% from AED 3.10m in 2023
1021-bed788AED 1,530,0001,94127 Mar 2024Resale+10% from AED 1.39m in 2022
3071-bed832AED 1,201,5421,44313 Mar 2024Resale-13% from AED 1.37m in 2023
4042-bed1,380AED 2,534,7811,83713 Feb 2024Resale
2051-bed767AED 1,650,0002,15218 Jan 2024Resale+16% from AED 1.42m in 2021
G031-bed1,484AED 2,400,0001,61715 Dec 2023Resale+4% from AED 2.31m in 2022 size does not fit the recorded type
G011-bed1,605AED 2,444,0001,52313 Dec 2023Resalesame price as in 2022: transfer
2042-bed1,387AED 3,100,0002,23514 Nov 2023Resale+22% from AED 2.53m in 2021
1051-bed767AED 1,585,0002,06712 Oct 2023Resale+11% from AED 1.42m in 2022
4031-bed767AED 1,585,0002,0669 Oct 2023Resale+11% from AED 1.43m in 2022
3011-bed832AED 1,530,0001,8389 Oct 2023Resale+11% from AED 1.37m in 2022
1042-bed1,387AED 3,125,0002,25315 Jun 2023Off-plan, sold again+23% from AED 2.53m in 2021
3071-bed832AED 1,374,7551,6518 Jun 2023Off-plan
4011-bed832AED 1,550,0001,8622 Jun 2023Off-plan, sold again+13% from AED 1.37m in 2022
3021-bed788AED 1,387,7961,76031 Oct 2022Off-plan
G011-bed1,605AED 2,444,0001,52329 Aug 2022Off-plan size does not fit the recorded type
G031-bed1,484AED 2,314,0001,56029 Aug 2022Off-plan size does not fit the recorded type
1071-bed832AED 1,374,7551,65124 Jun 2022Off-plan
4071-bed832AED 1,374,7551,65114 Apr 2022Off-plan
2011-bed832AED 1,373,8261,65014 Apr 2022Off-plan
1011-bed832AED 1,373,8261,65013 Apr 2022Off-plan
4051-bed767AED 1,423,2861,85613 Apr 2022Off-plan
1021-bed788AED 1,387,7961,76019 Jan 2022Off-plan
1031-bed767AED 1,428,1171,86110 Jan 2022Off-plan
G022-bed1,543AED 2,856,0321,85110 Jan 2022Off-plan
4061-bed788AED 1,388,7561,7616 Jan 2022Off-plan
4021-bed788AED 1,387,7961,7605 Jan 2022Off-plan
3042-bed1,387AED 2,534,7811,8275 Jan 2022Off-plan
4031-bed767AED 1,428,1171,8615 Jan 2022Off-plan
3051-bed767AED 1,423,2861,8565 Jan 2022Off-plan
3031-bed767AED 1,428,1171,8615 Jan 2022Off-plan
4011-bed832AED 1,373,8261,6505 Jan 2022Off-plan
3061-bed788AED 1,388,7561,7615 Jan 2022Off-plan
3011-bed832AED 1,373,8261,6504 Jan 2022Off-plan
1051-bed767AED 1,423,0841,8564 Jan 2022Off-plan
2071-bed832AED 1,374,7551,65123 Dec 2021Off-plan
2042-bed1,387AED 2,534,7811,82723 Dec 2021Off-plan
2061-bed788AED 1,388,7561,76123 Dec 2021Off-plan
2051-bed767AED 1,423,2861,85623 Dec 2021Off-plan
1061-bed788AED 1,388,7561,76123 Dec 2021Off-plan
2031-bed767AED 1,428,1171,86123 Dec 2021Off-plan
1042-bed1,387AED 2,534,7811,82723 Dec 2021Off-plan
2021-bed788AED 1,387,7961,76023 Dec 2021Off-plan

The official record: 51 registered sales since 2021

Dubai Land Department register for "Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 23", 23 Dec 2021 to 12 Feb 2026: 51 apartment sales, plus 5 mortgages. This source has every year and every unit type, but no unit numbers.

YearApartments: salesAED per sq ft
202562,130
202472,152
202391,865
2022211,775
202181,806

Median AED per sq ft is shown for 3 or more sales in a year. 32 of these sales were off-plan and 19 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 51 sales and our unit list has 50.

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Which side faces what

The direction of each landmark from Residences 23, 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 3.1 km · Burj Khalifa 4.4 km · DIFC 5.8 km
North-eastResidences 24, a tower 52 m away · Residences 25, a tower 105 m away · Dubai Creek and Ras Al Khor 5.7 km
South-eastMeydan racecourse 1.2 km
South-westResidences 22, a tower 70 m away · Residences 21, a tower 116 m away · Dubai Marina skyline 17.5 km
WestBurj Al Arab and the sea 10.7 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
2023

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-23

Where sources disagree

No conflict found between sources.

Around Residences 23

Price against the nearest towers

TowerDistanceAED per sq ft, 12 months (sales)
Residences 23 (this tower)–– (4)
Residences 2452 m– (0)
Residences 2270 m– (4)
Residences 25105 m– (2)
Residences 21116 m– (0)
Residences 20166 m– (0)
Residences 26167 m– (0)
Residences 19215 m– (2)
District One Villas232 m2,608 (57)

Drive times with no traffic

ToTimeDistance
Dubai Mall17 min10.9 km
DIFC Gate16 min11.7 km
DXB Terminal 338 min24.9 km
Dubai Marina Mall27 min22.8 km
Mall of the Emirates21 min16.5 km
Kite Beach18 min12.6 km
DWC airport51 min45.9 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, 23 Dec 2021 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 23 is in District One, Mohammed Bin Rashid City. Sold prices and sales for the other towers with a page:

DaliaAIAsk DaliaAI analyst

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