Al Merkadh, Dubai: project image from Sobha Realty. Area context, not a photograph of Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24.

Area view, not a building-specific photograph

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24, Dubai

Al MerkadhMostly ready sales

Homes sold for a median AED 1,945 per sq ft. There were 62 sales in the last 5 years.

Mostly ready sales in Al Merkadh. Part of Mohammed Bin Rashid AL Maktoum City -District -1 Community. One of the 27 buildings of Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences. A typical 1-bedroom home sold for AED 1,637,934.

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Image: Sobha Realty

Median sold price
AED 1,945
Per sq ft, 5 years to 5 Oct 2026
Last sale
15 Jul 2024
Registered sales
62
5 years
Lowest recent sale
AED 1,638,853
Recent sales shown below
Typical price
1BRAED 1.64M2BRAED 2.79M
Rounded registered medians, the last 5 years to 5 Oct 2026

Price per sq ft over five years

Median sold price in each 12-month period to the month shown. Gaps mean fewer than 3 sales that year.

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 241,945Last recorded: 12 months to Oct 2024

Al Merkadh median2,055Last recorded: 12 months to Oct 2026

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24 median AED per sq ft, year by yearSale figures only. Gaps mark missing values. See the table below for exact figures.1,4391,6441,8502,0552,26120222023202420252026Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24: 1,945, 12 months to Oct 2024Al Merkadh median: 1,626, 12 months to Oct 2022Al Merkadh median: 1,850, 12 months to Oct 2023Al Merkadh median: 1,825, 12 months to Oct 2024Al Merkadh median: 2,047, 12 months to Oct 2025Al Merkadh median: 2,055, 12 months to Oct 20261,945

Exact registered values are available in the data table below.

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24: 1 period with values of 5 labelled periods.Al Merkadh median: 5 periods with values of 5 labelled periods. Missing values break the line; they are not treated as zero.
View chart data
Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24 median AED per sq ft, year by year
PeriodMohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24Al Merkadh median
12 months to Oct 2022Not reported1,626
12 months to Oct 2023Not reported1,850
12 months to Oct 20241,9451,825
12 months to Oct 2025Not reported2,047
12 months to Oct 2026Not reported2,055

Source: Land Department open data, 5 Oct 2026. Prices describe homes sold, not a valuation.

The chart compares the same rolling annual periods. A percentage discount is withheld when the building and area aggregate medians use different sale windows.

By number of bedrooms

Compare the median price paid for each home size.

1 bedroomAED 1.64M52 registered sales
2 bedroomsAED 2.79M10 registered sales
HomeSalesMedian price, roundedSize, sq ftAED per sq ftArea rent a yearRent-to-price comparison
1 bedroom52AED 1.64M7882,079AED 100,000–
2 bedrooms10AED 2.79M1,3872,010AED 165,000–

Source: Land Department open data. Sale medians cover the last 5 years, to 5 Oct 2026. Rent source: Dubai Data (datadubai.ae), Continental Club Property. Area rents: Ejari, Mohammed Bin Rashid AL Maktoum City -District -1 Community.

The sale medians cover five years. Area rent is separate context; no yield is calculated against these historical sale medians.

Rents cover the whole community, not this building alone. They are the median Ejari rent for each home size. The rent-to-price comparison uses area rent and this building's sale median, before costs. It is not an observed building lease yield. Publisher contract sample, register data to 22 Oct 2026; the lease period is not stated.

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Registered sales in the historical sample

Compare the recorded prices, sizes and dates of the Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24 sales shown below.

Latest registered sales
2024-07-151 bedroomReady8321,777,9502,137
2024-07-111 bedroomReady7671,638,8532,137
2024-07-111 bedroomReady7881,684,1572,137
2024-07-111 bedroomReady8321,777,9502,137
2024-07-101 bedroomReady8321,777,9502,137
2024-07-101 bedroomReady7881,684,1572,137
2024-07-101 bedroomReady7671,638,8532,137
2024-07-102 bedroomsReady1,3872,963,1782,136

These are the supplied filtered historical sale records, through 5 Oct 2026. The price-range table below uses these records only.

Source: Land Department open data, 5 Oct 2026. Records don't include unit numbers, so individual homes can't be identified.

How far apart are recorded prices for the same home size?

Compare the lowest and highest price per sq ft for each home size. Use the dates to see how recent these sales are.

Price ranges in the supplied sale subset
1 bedroom72024-07-102024-07-152,1372,137

Source: Land Department historical sale records, through 5 Oct 2026. A range needs five or more valid records. This is the supplied subset, not every sale or a market valuation. Homes with the same bedroom count can differ in floor area, condition and view. Read the individual records above before comparing a quote.

Check costs with your current quote

The sale prices above are five-year medians. Enter your current purchase price and expected rent in the calculator before comparing costs or yield.

Calculate costs with your own figures

Questions people ask

These answers explain the prices and registered sales shown for Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24.

What is the price per sq ft in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24?

The median sold price was AED 1,945 per sq ft. There were 62 sales over the last 5 years to 5 Oct 2026. The last sale was on 15 Jul 2024.

How much does a 1-bedroom home in Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24 cost?

The median price for a 1-bedroom home was AED 1,637,934. The median size was about 788 sq ft. This covers 52 sales in the last 5 years.

What rent does a 1-bedroom home near Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 24 get?

The median rent for that home size in Mohammed Bin Rashid AL Maktoum City -District -1 Community was AED 100,000 a year. The publisher sample has 561 Ejari contract records. Publisher contract sample, register data to 22 Oct 2026; the lease period is not stated. No yield is calculated against the historical five-year sale median.

Sources

Source update: 26 Oct 2026. Source: Dubai Land Department open data via Dubai Pulse, re-published by Dubai Real Estate Data (dataset), licensed CC BY 4.0. Sales to 5 Oct 2026. aggregated to medians; non-residential, land and flagged rows excluded. Source for rents, yields and project records: Dubai Data (datadubai.ae), Continental Club Property, based on Dubai Land Department open data, data to 22 Oct 2026, licensed CC BY 4.0. Publisher contract sample, register data to 22 Oct 2026; the lease period is not stated. Publisher-reported gross yields use the publisher matched-segment sale-price denominator, not this page’s sale median; the matched-sale reporting period is not stated.