Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12
District One · MBR City · 159 homes · Completed
A completed District One project in MBR City: 159 homes, handed over in Feb 2024, four quarters after the Q1 2023 date on the register. Registered resales from Jul 2025 to Jun 2026 had a median of AED 2,235 per sqft, 35% above the launch quarter.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q3 2019 | 1,660 | 14 |
| Q1 2020 | 1,635 | 28 |
| Q2 2020 | 1,680 | 52 |
| Q3 2020 | 1,737 | 12 |
| Q1 2021 | 1,870 | 14 |
| Q1 2023 | 1,806 | 13 |
| Q2 2023 | 1,980 | 10 |
| Q4 2023 | 2,215 | 12 |
| Q2 2024 | 2,166 | 15 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs delivered. Launch to today.
9% over the MBR City median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When was Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 handed over?
In Feb 2024, when the first ready-market sale was registered. The register declared completion for Q1 2023, so it handed over four quarters late.
What do homes in Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12 sell for?
From Jul 2025 to Jun 2026, 18 homes sold on the register at a median of AED 2,235 per sqft and AED 2.45M per home. By unit type: 1 BR AED 1.57M (8 sales), 2 BR AED 2.83M (10 sales). These are registered deeds, not the developer's price list.
Who built Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12?
District One. The project is registered to District One on the Dubai Land Department register, which lists 37 projects for the developer in Dubai, 1 of them under construction. 1 of its 23 dated handovers came within 3 months of the promised date.
How many homes are in Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences12?
159, as counted on the Dubai Land Department register. The declared mix: 94 1 BR, 64 2 BR, 1 4+ BR.
