1-Bedroom Condo at Residences 21, District One, Mohammed Bin Rashid City — AED 1,750,000
A spacious 1-bedroom condo is for sale at The Residences at District One — Residences 21, located in Mohammed Bin Rashid City. The condo is fully furnished, with contemporary design and panoramic lagoon views. The kitchen is equipped with Miele appliances. Included — one dedicated parking space. The unit is vacant. Price — AED 1,750,000.
Location
District One is a prestigious area in Mohammed Bin Rashid Al Maktoum City, just minutes from Downtown Dubai, Dubai Mall, and Burj Khalifa. The area is known for the world's largest man-made Crystal Lagoon, a network of cycling and running tracks, and low-density development. Residences 21 is part of The Residences at District One complex, developed by Nakheel. Key business districts are easily accessible via Al Khail Road and Meydan Road.
About the Property
A 1-bedroom condo, fully furnished. Contemporary design, spacious layout, full lagoon views. The kitchen is fully equipped with Miele appliances. One dedicated parking space. The unit is vacant and move-in ready. The exact area is not specified in the source; for comparable units in the complex, it is about 745–788 sq ft (69–73 m²).
In the Complex
Residences 21 is a prestigious building within The Residences at District One. Amenities include a modern gym, a pool, 24-hour security, and concierge service. The complex is located in a gated community with controlled access, surrounded by landscaped grounds and a lagoon.
Price and Costs
- Price — AED 1,750,000.
- Price per square meter — about AED 25,000 (based on 70 m²).
When purchasing real estate in Dubai, the buyer pays a registration fee to the Dubai Land Department (DLD) of 4% of the property value — AED 70,000. The Registration Trustee Fee — AED 4,000 plus 5% VAT. The developer's NOC cost — from AED 500 to AED 5,000 plus VAT. Agency commission (if applicable) — 2% of the value plus 5% VAT.
The final transaction amount, including all fees, is calculated individually and communicated before signing the contract.
Annual expenses: the service charge in the complex is levied per square foot. For condos in District One, the rate corresponds to the complex's high level of amenities. The exact rate is to be confirmed with the management company.
Ownership and Transaction Format
Ownership type — freehold for foreign buyers in Dubai's designated freehold areas. The transaction is completed through a DLD-approved Registration Trustee with registration at the Land Department. Online viewings and remote closing via power of attorney are possible. Support languages — English, Arabic, Russian (upon request).
If You're Considering It as an Investment
District One is a sought-after community with strong rental potential. The Dubai market in the first half of 2026 showed resilience: housing prices rose 6% year over year despite regional tension. Rental income for 1-bedroom condos in District One is about AED 100,000–110,000 per year, which gives a gross yield of about 5.7–6.3% at a price of AED 1,750,000. To obtain the UAE's 10-year Golden Visa, the minimum investment threshold is AED 2,000,000 (based on DLD valuation). The value of this condo is below the threshold; however, combining it with other properties to reach the required amount is possible. The source does not contain data on stated yields.
Best For
— Those looking for a fully furnished condo in a prestigious area of Dubai with lagoon views.
— Investors considering District One for long-term rental (gross yield about 5.7–6.3%).
— Buyers who value modern Miele kitchens and high-quality finishes.
May Not Be Suitable
— If your budget does not account for additional costs beyond the price: 4% DLD (AED 70,000), trustee fee, NOC, and agency commission.
— If you plan short-term rental — the community rules need to be clarified.
— If an area larger than 75 m² is critical for you — this is a 1-bedroom condo.
— If you are counting on a Golden Visa from a single purchase — the value is below the AED 2,000,000 threshold.
What to Know Before the Transaction
Residences 21 is a relatively new complex, completed in 2024. Miele appliances in the kitchen are a sign of premium-level finishes. Service charges in complexes with a lagoon and extensive amenities are above the Dubai average, which affects net yield. During high season, the area is in high demand, and parking and roads may be congested. When purchasing for Golden Visa purposes, make sure the DLD valuation meets the AED 2 million threshold or plan a combination of properties.
How to View and Buy
Let us know when you plan to travel and what budget you have in mind. A Discount House manager will confirm the availability of the unit, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewing in person or by video. Response within 30 minutes.