ReadyReady building · Meydan
District One Residences 16, Al Merkadh
Highlights
District One Residences 16 at a glance
About District One Residences 16
District One Residences 16 is a mixed-use building in Al Merkadh, Dubai, developed by Meydan. It holds about 121 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, commercial units.
The building was completed in 2023 and has been in use for about 3 years. 4 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,161 per sq ft.
District One Residences 16 is one of 155 buildings in Al Merkadh: 135 are complete and 19 are still being built.
In a nutshell
- A mixed-use ready building
- Located in Al Merkadh, Dubai
- Developed by Meydan
- Completed in Q1 2023
- Unit types: 1 Bed, 2 Beds, 3 Beds, Commercial
- Sizes from 80 to 2,710 sq ft
- Service charge from AED 14.65 per sq ft
- Business Bay metro station 4.3 km away
- Status
- Ready
- Developer
- Meydan
- Location
- Al Merkadh, Dubai
- Completed
- Q1 2023
- Unit types
- 1 Bed, 2 Beds, 3 Beds, Commercial
- Prices from
- AED 1.2M
- Median price per sq ft
- AED 2,161
- Median gross yield
- 6.2%
- Service charge
- AED 14.65 per sq ft (2026)
- Nearest metro
- District 1, 0.3 km
Photos of District One Residences 16
Building details
Inside District One Residences 16
Properties in District One Residences 16
1-bedroom apartments in District One Residences 16
There are about 77 of these in District One Residences 16, from 750 to 1,160 sq ft. They have recently sold for a median of AED 1.7M, or AED 2,310 per sq ft. Owners who resold made a median 28% over what they paid.
2-bedroom apartments in District One Residences 16
There are about 9 of these in District One Residences 16, from 1,290 to 2,090 sq ft. None has sold recently enough to quote a price.
3-bedroom apartments in District One Residences 16
There are about 9 of these in District One Residences 16, from 1,780 to 2,710 sq ft. They have recently sold for a median of AED 2.6M, or AED 2,010 per sq ft.
Commercial units in District One Residences 16
There are about 26 of these in District One Residences 16, from 80 to 140 sq ft. None has sold recently enough to quote a price.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| 1 Bed | 77 | 750 sqft69.7 sqmt – 1,160 sqft107.8 sqmt | AED 1.7M | AED 80K |
| 2 Beds | 9 | 1,290 sqft119.8 sqmt – 2,090 sqft194.2 sqmt | No recent sales | – |
| 3 Beds | 9 | 1,780 sqft165.4 sqmt – 2,710 sqft251.8 sqmt | AED 2.6M | – |
| Commercial | 26 | 80 sqft7.4 sqmt – 140 sqft13 sqmt | No recent sales | – |
Sale trends in District One Residences 16
Median sale price
AED 2M
Median per sq ft
AED 2,161
Median gross yield
6.2%
Price ranges from the most recent registered sales, by unit type:
- 1-bedroom apartments: AED 1.3M to AED 2.0M (745 to 776 sq ft), across 10 sales
- 3-bedroom apartments: AED 2.0M to AED 5.0M (1,779 to 2,712 sq ft), across 6 sales
- 2-bedroom apartments: AED 3.5M to AED 4.4M (1,289 to 2,091 sq ft), across 4 sales
Rental trends in District One Residences 16
A recent 1-bedroom contract in District One Residences 16 was let for AED 80.0K a year.
Yearly rents from recent registered contracts, by unit type:
- 1-bedroom apartments: AED 80.0K a year (745 sq ft)
Recent transactions in District One Residences 16
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 3,250,000AED 1,827 /sqftAED 19,666 /sqmt | 1,779 sqft165.3 sqmt3 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,425,000AED 1,913 /sqftAED 20,591 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 2,020,000AED 2,711 /sqftAED 29,181 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,983,900AED 2,187 /sqftAED 23,541 /sqmt | 1,779 sqft165.3 sqmt3 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 5,000,000AED 1,844 /sqftAED 19,849 /sqmt | 2,712 sqft252 sqmt3 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 4,329,202AED 1,596 /sqftAED 17,179 /sqmt | 2,712 sqft252 sqmt3 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,300,000AED 1,675 /sqftAED 18,030 /sqmt | 776 sqft72.1 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,620,000AED 2,174 /sqftAED 23,401 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,580,000AED 2,121 /sqftAED 22,830 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 3,720,000AED 2,886 /sqftAED 31,065 /sqmt | 1,289 sqft119.8 sqmt2 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 3,900,000AED 3,026 /sqftAED 32,572 /sqmt | 1,289 sqft119.8 sqmt2 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,600,000AED 2,148 /sqftAED 23,121 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,580,000AED 2,121 /sqftAED 22,830 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 4,950,000AED 2,782 /sqftAED 29,945 /sqmt | 1,779 sqft165.3 sqmt3 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,500,000AED 1,976 /sqftAED 21,269 /sqmt | 759 sqft70.5 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,875,000AED 2,503 /sqftAED 26,942 /sqmt | 749 sqft69.6 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 1,880,000AED 2,523 /sqftAED 27,157 /sqmt | 745 sqft69.2 sqmt1 Bed | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 3,450,000AED 2,676 /sqftAED 28,804 /sqmt | 1,289 sqft119.8 sqmt2 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 4,500,000AED 2,530 /sqftAED 27,233 /sqmt | 1,779 sqft165.3 sqmt3 Beds | Owner |
| (D1) District One Residences 16, Al MerkadhReadyApartment | AED 4,400,000AED 2,104 /sqftAED 22,647 /sqmt | 2,091 sqft194.3 sqmt2 Beds | Owner |
(D1) District One Residences 16
Al Merkadh
AED 3.3M
AED 1,827 /sqftAED 19,666 /sqmt
ReadyApartment1,779 sqft165.3 sqmt3 BedsOwner15 Sept 2026(D1) District One Residences 16
Al Merkadh
AED 1.4M
AED 1,913 /sqftAED 20,591 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner7 Sept 2026(D1) District One Residences 16
Al Merkadh
AED 2M
AED 2,711 /sqftAED 29,181 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner9 Jun 2026(D1) District One Residences 16
Al Merkadh
AED 2M
AED 2,187 /sqftAED 23,541 /sqmt
ReadyApartment1,779 sqft165.3 sqmt3 BedsOwner1 Jun 2026(D1) District One Residences 16
Al Merkadh
AED 5M
AED 1,844 /sqftAED 19,849 /sqmt
ReadyApartment2,712 sqft252 sqmt3 BedsOwner23 Oct 2025(D1) District One Residences 16
Al Merkadh
AED 4.3M
AED 1,596 /sqftAED 17,179 /sqmt
ReadyApartment2,712 sqft252 sqmt3 BedsOwner17 Jul 2025(D1) District One Residences 16
Al Merkadh
AED 1.3M
AED 1,675 /sqftAED 18,030 /sqmt
ReadyApartment776 sqft72.1 sqmt1 BedOwner29 May 2025(D1) District One Residences 16
Al Merkadh
AED 1.6M
AED 2,174 /sqftAED 23,401 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner24 Jan 2025(D1) District One Residences 16
Al Merkadh
AED 1.6M
AED 2,121 /sqftAED 22,830 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner23 Dec 2024(D1) District One Residences 16
Al Merkadh
AED 3.7M
AED 2,886 /sqftAED 31,065 /sqmt
ReadyApartment1,289 sqft119.8 sqmt2 BedsOwner12 Nov 2024(D1) District One Residences 16
Al Merkadh
AED 3.9M
AED 3,026 /sqftAED 32,572 /sqmt
ReadyApartment1,289 sqft119.8 sqmt2 BedsOwner12 Nov 2024(D1) District One Residences 16
Al Merkadh
AED 1.6M
AED 2,148 /sqftAED 23,121 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner23 Oct 2024(D1) District One Residences 16
Al Merkadh
AED 1.6M
AED 2,121 /sqftAED 22,830 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner10 Oct 2024(D1) District One Residences 16
Al Merkadh
AED 5M
AED 2,782 /sqftAED 29,945 /sqmt
ReadyApartment1,779 sqft165.3 sqmt3 BedsOwner2 Aug 2024(D1) District One Residences 16
Al Merkadh
AED 1.5M
AED 1,976 /sqftAED 21,269 /sqmt
ReadyApartment759 sqft70.5 sqmt1 BedOwner5 Jun 2024(D1) District One Residences 16
Al Merkadh
AED 1.9M
AED 2,503 /sqftAED 26,942 /sqmt
ReadyApartment749 sqft69.6 sqmt1 BedOwner25 Apr 2024(D1) District One Residences 16
Al Merkadh
AED 1.9M
AED 2,523 /sqftAED 27,157 /sqmt
ReadyApartment745 sqft69.2 sqmt1 BedOwner2 Apr 2024(D1) District One Residences 16
Al Merkadh
AED 3.5M
AED 2,676 /sqftAED 28,804 /sqmt
ReadyApartment1,289 sqft119.8 sqmt2 BedsOwner19 Mar 2024(D1) District One Residences 16
Al Merkadh
AED 4.5M
AED 2,530 /sqftAED 27,233 /sqmt
ReadyApartment1,779 sqft165.3 sqmt3 BedsOwner22 Feb 2024(D1) District One Residences 16
Al Merkadh
AED 4.4M
AED 2,104 /sqftAED 22,647 /sqmt
ReadyApartment2,091 sqft194.3 sqmt2 BedsOwner12 Feb 2024
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| (D1) District One Residences 16, Al MerkadhApartmentNew contract | AED 80,000 | 745 sqft69.2 sqmt1 Bed | to |
(D1) District One Residences 16
Al Merkadh
AED 80K/yr
ApartmentNew contract745 sqft69.2 sqmt1 Bedto
Every sale in District One Residences 16Every rent contract in District One Residences 16
Service charges in District One Residences 16
The 2026 service charge in District One Residences 16 is AED 14.65 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| Retail (2026) | AED 14.65 | 80 sqft7.4 sqmt – 140 sqft13 sqmt | AED 1,172 – AED 2,051 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around District One Residences 16
Transportation near District One Residences 16
The nearest Dubai Metro station from District One Residences 16 is Business Bay (red line, 4.3 km, about 11 min drive), then Burj Khalifa/Dubai Mall (red line, 4.7 km, about 11 min drive). Stations planned on new lines nearby include District 1 (golden line, 0.3 km, about 4 min walk) and Nad Al Sheba (golden line, 1.6 km, about 5 min drive). Most residents will drive or take a taxi to the metro.
- District 1Golden line · 0.3 km · about 4 min walk
- Nad Al ShebaGolden line · 1.6 km · about 5 min drive
- District 1 near High Speed Rail lineGolden line · 1.7 km · about 5 min drive
- Burj Khalifa RoadGolden line · 3.4 km · about 9 min drive
- Business Bay InterchangeGolden line · 4.3 km · about 11 min drive
- Business BayRed line · 4.3 km · about 11 min drive
Shopping and groceries near District One Residences 16
The closest is Spinneys / south bridge downtowne Dubai, 2.9 km from District One Residences 16 (about 8 min drive).
- Spinneys / south bridge downtowne DubaiSupermarket · 2.9 km · about 8 min drive
- Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 3.7 km · about 9 min drive
- Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 3.7 km · about 9 min drive
- Spinneys/ Ontario TowerSupermarket · 3.7 km · about 9 min drive
- Spinneys / The Executive TowersSupermarket · 3.8 km · about 10 min drive
Restaurants and hotels near District One Residences 16
The closest is Meydan Hotel, 1.4 km from District One Residences 16 (about 5 min drive).
- Meydan HotelHotel · 1.4 km · about 5 min drive
- Shiba RestaurantRestaurant · 1.4 km · about 5 min drive
- Maward RestaurantRestaurant · 2.8 km · about 8 min drive
- Al Manzil HotelHotel · 3.3 km · about 9 min drive
- Vida Hotels and ResortsHotel · 3.4 km · about 9 min drive
Hospitals and clinics near District One Residences 16
The closest is Dr. Moopen'S Al Quoz Medical Centre, 5.1 km from District One Residences 16 (about 12 min drive).
- Dr. Moopen'S Al Quoz Medical CentreHospital · 5.1 km · about 12 min drive
- Medcare HospitalHospital · 5.3 km · about 13 min drive
- Al Amal HospitalHospital · 5.5 km · about 13 min drive
- Emirates HospitalHospital · 6.5 km · about 15 min drive
- Neuro Spinal hospitalHospital · 6.7 km · about 15 min drive
Parks and leisure near District One Residences 16
The closest is Falcon Heritage and Sports Centre, 1.2 km from District One Residences 16 (about 14 min walk).
- Falcon Heritage and Sports CentreSports Academy · 1.2 km · about 14 min walk
- Falcon Centre and Cultural SportsSports Academy · 1.3 km · about 5 min drive
- Meydan TheatreTheatre House · 1.3 km · about 5 min drive
- Meydan Grandstand and RacecourseStadium · 1.4 km · about 5 min drive
- Meydan Tennis AcademySports Academy · 1.6 km · about 5 min drive
Schools near District One Residences 16
The nearest is Bilingual French International School L.L.C-FZ, 1.5 km away. Ratings are the KHDA's latest inspection grades.
- Bilingual French International School L.L.C-FZFrench · KHDA: Not inspected due to COVID 19 · 1.5 km
- Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 2.1 km
- North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 2.3 km
- Dubai International Private School - BrAmerican · KHDA: Good · 2.9 km
- Rashid and Latifa SchoolUK · KHDA: Not inspected yet · 2.9 km
- GEMS Our Own Indian SchoolIndian · KHDA: Very good · 3.1 km
Other buildings in Al Merkadh
Al Merkadh has 155 buildings. A few others to compare District One Residences 16 with:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
Things to consider about District One Residences 16
In its favour
- Owners who resold have made money: a median gain of up to 28%.
- A median gross yield of 6.2% on recent sales.
- Ready to move into or let, with no construction risk.
- Several schools within 3 km.
Worth checking
- Few sales each year, so a resale can take longer and prices move on a handful of deals.
- The nearest running metro station is 4.3 km away, so a car helps.
Specialists
Brokers who know District One Residences 16
These brokers handle sales and lettings in District One Residences 16 and can tell you what is available now.
Khalid Abdul-Hadi
Senior Property Advisor
Imen Mathlouthi
Property Advisor
Aymon Ansari
Senior Property Advisor
Vimbainashe Ruzvidzo
Property Advisor
Ammar Abdel Rahman
Property Advisor
FAQs
District One Residences 16: questions answered
Buying, selling or renting in District One Residences 16?
A broker who works Al Merkadh will tell you what is available and what comparable homes went for.