PropertyIndex

Millennium Estates

Completed · Q1 2016|195 villas

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Millennium Estates is a completed villa development by G&CO Real Estate Development LLC - FZ in Meydan Racecourse Community, Nad Al Shiba First, comprising 195 registered villas. 388 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,589 per sqft. At AED 1,589 per sqft, Millennium Estates prices 23% below the Meydan Racecourse Community average of AED 2,070 per sqft on registered sales.

PIX© price · 8.2% YoY
19.16MAED
Typical
1,589AED
PSF
Gross yield
3.2%
PIX© rent ÷ PIX© price
Sale records
388
DLD · all time
Rent contracts
434
Ejari · all time
Millennium Estates

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
7,332 – 18,093 sqft
19519.16M1,5898.2%605K3.2%
Residential
2 Bed · Apartment
5 Bed · Apartment
4 Bed · Villa
7,508 – 10,344 sqft
4
5 Bed · Villa
7,332 – 18,093 sqft
190
7 Bed · Villa
13,899 sqft
1
Land
Land
7,508 – 10,345 sqft
Sales — Project-Wide388 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
23 May 20265 Bed14,99720,000,0001,3340.0%StandardStandard Sale
7 May 20265 Bed10,34420,500,0001,982+2120.7%StandardStandard Sale
5 Jan 20265 Bed9,85515,650,0001,588+110.1%StandardStandard Sale
Rentals — Project-Wide434 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
16 Aug 20265 Bed9,8961,100,0001110.0%Premiumrenewal
12 Jun 20265 Bed10,341761,45774+28.0%Standardrenewal
1 Jun 20265 Bed7,510715,00095+10.0%Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Meydan Racecourse Community

The closest-priced registered projects in Meydan Racecourse Community.

Common questions about Millennium Estates

Answered from Dubai Land Department registered transactions.

How much does a property in Millennium Estates cost?

Property in Millennium Estates sells at a current PIX© price of AED 1,589 per sqft, or about AED 19,162,357 for a typical unit, based on 388 sales registered with the Dubai Land Department.

Is Millennium Estates completed?

Yes. Millennium Estates is recorded as completed in the Dubai Land Department project register (completed q1 2016).

Who is the developer of Millennium Estates?

Millennium Estates is developed by G&CO Real Estate Development LLC - FZ, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Millennium Estates?

Millennium Estates yields 3.2% gross, calculated from current PIX© rent against current PIX© sale price, across 434 registered Ejari contracts.

How many villas are in Millennium Estates?

Millennium Estates holds 195 registered villas, per the Dubai Land Department unit register.

Have prices in Millennium Estates gone up or down?

Price per sqft has risen +8.2% over the last 12 months, to AED 1,589, across 388 registered sales.