Residence 1 at Meydan Avenue, Meydan
Residence 1 at Meydan Avenue is a multi-building residential complex of four apartment buildings in Meydan Avenue, Nad Al Sheba 1, part of Mohammed Bin Rashid City (MBR City), Dubai. Developed by Meydan Group, the complex was completed in 2018 and offers one, two and three-bedroom apartments across its four five-storey buildings. Royale Stays manages the setup, pricing and guest side of listing a home for a fee starting from 15%.
Developer
Meydan Group
Buildings
4 buildings (Residence 1 Building 1-4), each 5 storeys
Unit mix
1, 2 & 3-bedroom apartments
Area
Meydan Avenue, Nad Al Sheba 1 (MBR City)
Completed
2018 (first trace January 2016)
Rent from
Approximately AED 92,000/year (1-bedroom, direct from Dubai Residential)
About Residence 1 at Meydan Avenue
Residence 1 at Meydan Avenue is a multi-building residential complex in Meydan Avenue, Nad Al Sheba 1, part of Mohammed Bin Rashid City. It was developed by Meydan Group, with the project first traced in January 2016 and construction completed by 2018. The complex comprises four individual buildings, Residence 1 Building 1 through Building 4 (also referred to as Block A through Block D on some portals), each rising five storeys.
Two other buildings in the same immediate area share the phrase "Residence 1" in their name but are entirely different projects. Bahwan Residence 1 Meydan is a standalone five-storey building developed by Suhail Bahwan Group through its subsidiary Utmost Properties, completed in May 2018. The Derby Residence 1 is a standalone five-storey building developed by RBA Investment and RBA Real Estate Development, completed in September 2021. Neither is affiliated with Residence 1 at Meydan Avenue, and readers researching any of these buildings should double check the full name and developer before comparing them.
Per propsearch.ae: the architectural consultant was AE7, the main contractor was Currie & Brown, and the foundation work was carried out by APCC Piling Foundation Contracting. Single-sourced, not independently cross-verified. Dubai Residential, Meydan Group's own build-to-rent brand, separately lists the complex as housing approximately 197 units across its four blocks (single-sourced figure).
Location & Nearby Landmarks
Residence 1 at Meydan Avenue sits in Meydan Avenue, Nad Al Sheba 1, part of Mohammed Bin Rashid City. Polo Residence Park is about 0.5 km away, Meydan Hotel about 1.1 km away, District One about 1.9 km away, and Meydan Racecourse is nearby within the wider Meydan district. Downtown Dubai, home to Burj Khalifa and Dubai Mall, is around 5.0 km away. Royale Stays’ MBR City Airbnb management guide covers the wider Meydan area.
The closest comparable residential community is The Polo Residence, a gated collection of low-rise apartment blocks around 0.6 km from Residence 1, worth a look for owners and investors comparing options in this part of Meydan Avenue.
Unit Types Across Residence 1's Four Buildings
Residence 1’s four buildings together offer a mix of one, two and three-bedroom apartments. One-bedroom units run approximately 702 to 1,031 sq ft, two-bedroom units approximately 1,149 to 1,323 sq ft, and three-bedroom units approximately 1,598 to 3,150 sq ft, based on figures from propsearch.ae and Dubai Residential’s own published floor plans, which closely agree on all three sizes.
Dubai Residential (Meydan Group's own build-to-rent brand) states the four blocks collectively house approximately 197 units; this figure is single-sourced and treated as approximate.
Amenities
Residence 1 at Meydan Avenue has a landscaped Podium Deck with a swimming pool (approximately 11,826 sq ft), a gym and locker area (approximately 2,684 sq ft), and basement parking. The podium’s landscaped area covers approximately 15,543 sq ft. Ground-floor retail within the complex includes a veterinary clinic, an F45 gym franchise, a bakery, a men’s salon, a pharmacy and a pet shop, alongside broader F&B and retail outlets.
Transportation & Access
From Residence 1 at Meydan Avenue it takes roughly 16 minutes to drive to Dubai Mall, 24 minutes to Palm Jumeirah, 23 minutes to Burj Al Arab, and 27 minutes to The Walk JBR. Dubai International Airport (DXB) is roughly 21 minutes away and Al Maktoum International Airport (DWC) is roughly 43 minutes away. There is no metro station on site, so a car is the practical way to get around from here.
Residence 1 Rental Price Guide
No Dubai Land Department sale-transaction records or dedicated for-sale portal listings were found for Residence 1 at Meydan Avenue. The only pricing available comes directly from Dubai Residential, Meydan Group’s own build-to-rent brand, which lists the complex among its directly managed rental communities: one-bedroom apartments (702 sq ft) from approximately AED 92,000 per year, two-bedroom apartments (1,150 sq ft) from approximately AED 125,000 per year, and three-bedroom apartments (1,598 sq ft) from approximately AED 150,000 per year.
Several signals point to Residence 1 operating primarily as a directly-let, developer-managed community rather than a building with an active private resale market: Dubai Residential itself advertises the complex with a "Register Interest" price list rather than a sale price, a live check of the building-specific property portal listing for units for sale redirected to the general Meydan Avenue area search rather than a dedicated results page, and property records show no recorded sale transactions for this building. By contrast, several other Meydan Avenue buildings covered elsewhere on this site do show active resale-transaction records. Anyone considering buying or renting a unit here for short-term-rental use should confirm current ownership and sub-letting terms directly with Dubai Residential or a licensed Dubai broker before assuming Airbnb-style letting is possible.
Airbnb & Short-Term Rental Income Potential
Meydan Avenue sits outside Royale Stays’ current core managed areas of Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay, so Royale Stays does not currently manage a property at Residence 1 at Meydan Avenue and makes no earnings claim specific to this building.
Available records also point to Residence 1 operating mainly as a directly-let community managed by Dubai Residential rather than a building of individually owned, freely resellable apartments, which is a separate consideration from area coverage. If a unit here is or becomes privately owned, the usual owner-direct DTCM holiday-home permit route would apply as it does anywhere in Dubai, but anyone weighing Airbnb-style use of a unit here should first confirm ownership status and sub-letting terms directly with Dubai Residential or a licensed broker, since the standard build-to-rent lease terms used by large institutional landlords typically restrict subletting.
Royale Stays has no current partnership, affiliation or commercial relationship with Meydan Group or Dubai Residential. This page is an independent building guide for readers researching the project.
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