Lexington

Under Construction · Date not reported|142 units · 1 building

Lexington is an under-construction community by NSHMI DEVELOPMENT L.L.C in Town Square, comprising 142 registered units. 139 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,268 per sqft. At AED 1,268 per sqft, Lexington prices 11% below the Town Square median of AED 1,426 per sqft on registered sales.

PIX© price · ↓14.7% YoY

1.35MAED

Typical

1,268AED

PSF

Gross yield

Awaiting handover

PIX© rent ÷ PIX© price

Sale records

139

DLD · all time

Rent contracts

Awaiting handover

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationTown Square

Drive times · typical

Downtown Dubai29 min · 28.4 km

DXB Airport34 min · 41.3 km

DIFC34 min · 32.4 km

Dubai Marina29 min · 27.2 km

Palm Jumeirah31 min · 28.9 km

Nearby · straight-line

MallArabian Ranches Community Center6.2 km

SchoolRanches Primary School3.3 km

HospitalMediclinic Parkview7.9 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 6

…

2 Bed on Floor 6

Size
Record: Dec 2024 to Feb 2026
Owners: 2
Tenants: 0
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	PSF	vs prior	Held	Note
2Owner 2	24 Feb 2026				8 mo	Current owner
1Owner 1	25 Dec 2024				14 mo

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

2 Bed · Floor 6

Nightly rateAED

Occupancy (237 nights)

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Lexington1,268AED/sqft · project-wide

Units

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

Type	Units	PIX© Price	PIX© PSF	PSF YoY
PIX© Core Project-Wide 630 - 2,202 sqft	142	1.35M	1,268	↓14.7%
1 Bed · Apartment 630 - 979 sqft	50
2 Bed · Apartment 908 - 1,697 sqft	78
3 Bed · Apartment 1,407 - 2,202 sqft	14			-

No rental contracts registered - the project has not handed over.

Sales - Project-Wide139 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
14 Oct 2026	2 Bed	Floor 2	1,021	1,505,888	1,475	-	Standard	Off-Plan Sale
14 Sep 2026	2 Bed	Floor 4	1,021	1,519,888	1,489	-	Standard	Off-Plan Sale
14 Aug 2026	2 Bed	Floor 2	1,004	1,531,888	1,525	-	Premium	Off-Plan Sale

Rentals - Project-Wide

PIX© rent analysis

No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

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

Map of comparable projects in this community

Location data © OpenStreetMap contributors

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare1 peer could not be placed

This project

Lexington

Compared with

Grove

PIX© PSF

1,281

Rank

#32 of 38

#31 of 38

Typical price

1.24M

Yield

—

Units

142

160

Sales

139

179

Rents

—

Developer

NSHMI DEVELOPMENT L.L.C

Handover

U/C

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	The Hamilton NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	242					309	154
	The Diplomat Residences NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	154					183	174
	The Mayfair NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	244					334	59
	FIA NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	192					197	—
	Grove NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	160					179	—
32	Lexington NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	142	1,281	Subject	1.24M	—	139	—
	Savannah NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	154					156	—
	Hayat Boulevard NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	684					31	1,871
	ORA By Nshama Properties NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	157					165	—
	Kaya NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	165					179	—
	Hillcrest NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	171					163	—

Community median 1,426 AED/sqft. Showing the closest-ranked peers of 38 ranked projects in the community. 1 community project excluded for insufficient recorded sales. 23 excluded for trading only in the ready market. 4 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Town Square

The closest-priced registered projects in Town Square.

Hayat BoulevardAED 1,265/sqft
ORA By Nshama PropertiesAED 1,264/sqft
SavannahAED 1,277/sqft
FIAAED 1,287/sqft
GroveAED 1,287/sqft
The MayfairAED 1,308/sqft

Common questions about Lexington

Answered from Dubai Land Department registered transactions.

How much does a property in Lexington cost?

Property in Lexington sells at a current PIX© price of AED 1,268 per sqft, or about AED 1,350,552 for a typical unit, based on 139 sales registered with the Dubai Land Department.

When is Lexington handing over?

Lexington is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Lexington?

Lexington is developed by NSHMI DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

How many units are in Lexington?

Lexington holds 142 registered units, per the Dubai Land Department unit register.

Have prices in Lexington gone up or down?

Price per sqft has fallen -14.7% over the last 12 months, to AED 1,268, across 139 registered sales.