Dubai Land Department Off-Plan Register

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 7 Launch Prices

Off-plan in District One (MBR City) · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

66 developer launch sales registered at Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 7 between May 2021 and Oct 2023: 100% apartments, most commonly 2-bed units, typically around 1,166 sqft.

Launch sales
66
DLD off-plan registrations, all time
Median launch /sqft
AED 1,762
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 1,300,5004,758,490
Min – max registered

Bed mix: 1-bed 42% · 2-bed 47% · 3-bed 11%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 7, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2021 Q240AED 1,759
2021 Q39AED 1,760
2021 Q44AED 1,865
2022 Q12AED 1,790
2022 Q22AED 1,807
2022 Q32AED 1,853
2023 Q11AED 1,920
2023 Q23AED 1,904
2023 Q32AED 1,944
2023 Q41AED 2,219
Two different markets

Launch vs Resale

Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 7 also has 18 ready-market resales registered with the DLD, the first on 18 January 2024 - 32 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
18
6 in the last 2 years
Resale median /sqft
AED 2,185
last 2 years
Resale vs launch
+24%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Mohammed Bin Rashid Al Maktoum City, District One Phase III, Residences 7 →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
770 sqft · 6 October 2023
AED 1,708,800
AED 2,219 /sqft
Apartment · 2 Bed
1,218 sqft · 11 September 2023
AED 2,448,800
AED 2,011 /sqft
Apartment · 1 Bed
762 sqft · 10 July 2023
AED 1,430,000
AED 1,878 /sqft
Apartment · 1 Bed
762 sqft · 26 June 2023
AED 1,450,000
AED 1,904 /sqft
Apartment · 1 Bed
765 sqft · 19 June 2023
AED 1,708,000
AED 2,233 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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Off-plan in District One (MBR City)

Compare this project with every other off-plan launch registered in District One (MBR City), or see the community's resale market.

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