−3% Residences 12
1 BR · Apartment · 2 bathrooms
Price history
Listed since 22 September 2026. The price has been cut once — dates and figures from the listing itself.
- 12 October 2026 AED 1 750 000
- 23 October 2026 AED 1 690 000 -3%
About the building
17-storey residential building in The Residences at District One, completed in 2023. Developer — Meydan Group.
Where it is
The pin is placed by project — accurate to the development, not the door.
MBR City
Mohammed Bin Rashid City: lagoon communities and villa districts between Downtown and Nad Al Sheba.
- villas close to Downtown
- lagoon living
- long-horizon holds
What to check: Large parts of the masterplan are still open sites and phases get resequenced. Check what is contracted and under construction immediately around your plot, and price the purchase on that rather than on the full masterplan.
Full district guide →Questions and answers about lot NP4-539400
How much is this 1-bedroom apartment in Residences 12?
Lot NP4-539400 is priced at AED 1 690 000, about $460 000. The size is 737 sq ft (68 m²), which works out at AED 2 293 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 750 000 to AED 1 690 000: AED 60 000 less, or 3%. It was cut once. On the market since 22 September 2026.
Is this expensive or cheap for MBR City?
The database holds 42 lots in MBR City, starting from AED 665 000. The area median is AED 2 200 per sq ft; this lot, at AED 2 293, is 4% above it. 25 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
MBR City area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2023 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 338 000; a loan of AED 1 352 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 000–7 900 a month. A non-resident puts down from 40% (AED 676 000) and pays about AED 5 200–5 900 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 67 600 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 310 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Residences 12?
The building has 17 floors. Completion year: 2023. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 2.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-539400 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Residences 12
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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