PropertyIndex

The Galleries

Completed · Q1 2019|48 units · 1 building

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The Galleries is a completed apartment development by ROCKWELL REAL ESTATE DEVELOPMENT L.L.C in Meydan Racecourse Community, Nad Al Shiba First, comprising 48 registered units. 84 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,013 per sqft. At AED 2,013 per sqft, The Galleries prices 3% below the Meydan Racecourse Community average of AED 2,070 per sqft on registered sales.

PIX© price · 3.1% YoY
2.46MAED
Typical
2,013AED
PSF
Gross yield
4.8%
PIX© rent ÷ PIX© price
Sale records
84
DLD · all time
Rent contracts
112
Ejari · all time
The Galleries

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
795 – 2,402 sqft
482.46M2,0133.1%118K4.8%
Residential
1 Bed · Apartment
795 – 1,001 sqft
14
2 Bed · Apartment
1,299 – 2,402 sqft
31
Commercial
Shop
1,018 – 1,228 sqft
3
Sales — Project-Wide84 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
DatePositionSizePricePSFvs Prior SaleTierType
27 Jul 2026Floor G1,1151,114,3051,000StandardStandard Sale
25 Jul 2026Floor G1,0181,118,7001,099StandardStandard Sale
25 Jul 2026Floor G1,2281,228,0381,000StandardStandard Sale
Rentals — Project-Wide112 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DatePositionSizeRent / YrRent PSFvs Prior RentTierType
5 Aug 2026Floor 11,299135,000104Entry Levelnew
20 Jun 2026Floor 41,703125,00073-3.8%Entry Levelnew
1 Jun 2026Floor 31,300100,000770.0%Entry Levelrenewal

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 The Galleries

Answered from Dubai Land Department registered transactions.

How much does a property in The Galleries cost?

Property in The Galleries sells at a current PIX© price of AED 2,013 per sqft, or about AED 2,457,639 for a typical unit, based on 84 sales registered with the Dubai Land Department.

Is The Galleries completed?

Yes. The Galleries is recorded as completed in the Dubai Land Department project register (completed q1 2019).

Who is the developer of The Galleries?

The Galleries is developed by ROCKWELL REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in The Galleries?

The Galleries yields 4.8% gross, calculated from current PIX© rent against current PIX© sale price, across 112 registered Ejari contracts.

How many units are in The Galleries?

The Galleries holds 48 registered units, per the Dubai Land Department unit register.

Have prices in The Galleries gone up or down?

Price per sqft has risen +3.1% over the last 12 months, to AED 2,013, across 84 registered sales.