District One Residences 23, Al Merkadh

District One Residences 23 is a mixed-use building in Al Merkadh, Dubai, developed by Meydan. It holds about 53 units: 1-bedroom apartments, 2-bedroom apartments, commercial units. Depending on the unit, windows look out over Community.

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 2,109 per sq ft.

District One Residences 23 is one of 155 buildings in Al Merkadh: 135 are complete and 19 are still being built.

• A mixed-use ready building
• Located in Al Merkadh, Dubai
• Developed by Meydan
• Completed in Q3 2023
• Unit types: 1 Bed, 2 Beds, Commercial
• Sizes from 90 to 1,600 sq ft
• Views: Community View
• Service charge from AED 14.65 per sq ft
• Business Bay metro station 4.5 km away

Status

Ready

Developer

Meydan

Location

Al Merkadh, Dubai

Completed

Q3 2023

Unit types

1 Bed, 2 Beds, Commercial

Prices from

AED 1.4M

Median price per sq ft

AED 2,109

Median gross yield

6.1%

Service charge

AED 14.65 per sq ft (2026)

Nearest metro

District 1, 0.3 km

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Price ranges from the most recent registered sales, by unit type:

• 1-bedroom apartments: AED 1.2M to AED 2.4M (767 to 1,605 sq ft), across 14 sales
• 2-bedroom apartments: AED 1.3M to AED 3.6M (1,380 to 1,543 sq ft), across 6 sales

A recent 1-bedroom contract in District One Residences 23 was let for AED 90.0K a year.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 90.0K a year (767 sq ft)
• 2-bedroom apartments: AED 187.0K a year (1,380 sq ft)

Every sale in District One Residences 23Every rent contract in District One Residences 23

The 2026 service charge in District One Residences 23 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.

Source: Dubai Land Department service charge index. Rates are reviewed each year.

The nearest Dubai Metro station from District One Residences 23 is Business Bay (red line, 4.5 km, about 11 min drive), then Burj Khalifa/Dubai Mall (red line, 5 km, about 12 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, 1.2 km, about 14 min walk). 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 · 1.2 km · about 14 min walk
• District 1 near High Speed Rail lineGolden line · 2 km · about 6 min drive
• Burj Khalifa RoadGolden line · 3.7 km · about 9 min drive
• Business BayRed line · 4.5 km · about 11 min drive
• Business Bay InterchangeGolden line · 4.5 km · about 11 min drive

The closest is Spinneys / south bridge downtowne Dubai, 3.3 km from District One Residences 23 (about 9 min drive).

• Spinneys / south bridge downtowne DubaiSupermarket · 3.3 km · about 9 min drive
• Spinneys/ Ontario TowerSupermarket · 3.9 km · about 10 min drive
• Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 3.9 km · about 10 min drive
• Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 4 km · about 10 min drive
• Spinneys / The Executive TowersSupermarket · 4 km · about 10 min drive

The closest is Meydan Hotel, 1.2 km from District One Residences 23 (about 14 min walk).

• Meydan HotelHotel · 1.2 km · about 14 min walk
• Shiba RestaurantRestaurant · 1.3 km · about 5 min drive
• Maward RestaurantRestaurant · 3 km · about 8 min drive
• Al Manzil HotelHotel · 3.7 km · about 9 min drive
• Vida Hotels and ResortsHotel · 3.7 km · about 9 min drive

The closest is Dr. Moopen'S Al Quoz Medical Centre, 4.8 km from District One Residences 23 (about 12 min drive).

• Dr. Moopen'S Al Quoz Medical CentreHospital · 4.8 km · about 12 min drive
• Medcare HospitalHospital · 5.4 km · about 13 min drive
• Al Amal HospitalHospital · 5.8 km · about 14 min drive
• Emirates HospitalHospital · 6.6 km · about 15 min drive
• Neuro Spinal hospitalHospital · 6.8 km · about 16 min drive

The closest is Falcon Heritage and Sports Centre, 0.9 km from District One Residences 23 (about 11 min walk).

• Falcon Heritage and Sports CentreSports Academy · 0.9 km · about 11 min walk
• Falcon Centre and Cultural SportsSports Academy · 0.9 km · about 11 min walk
• Meydan TheatreTheatre House · 1.2 km · about 14 min walk
• Meydan Grandstand and RacecourseStadium · 1.3 km · about 5 min drive
• Meydan Tennis AcademySports Academy · 1.4 km · about 5 min drive

The nearest is Bilingual French International School L.L.C-FZ, 1.3 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 · 1.3 km
• Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 2.5 km
• North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 2.7 km
• Rashid and Latifa SchoolUK · KHDA: Not inspected yet · 2.8 km
• Dubai International Private School - BrAmerican · KHDA: Good · 2.9 km
• GEMS Our Own Indian SchoolIndian · KHDA: Very good · 3.2 km

Al Merkadh has 155 buildings. A few others to compare District One Residences 23 with:

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  Azizi Riviera 1

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  Azizi Riviera 10

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  Azizi Riviera 12

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  Azizi Riviera 13

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  Completed 2022

• Ready

  Azizi Riviera 14

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