What is the rental yield in The Galleries?

The Galleries returns 6.60% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 9 rental contracts registered in the last 24 months.

How much does a 2 bedroom in The Galleries cost?

The median registered sale price is AED 2.72M (1,501 AED/sqft), from 3 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

How does The Galleries compare with Meydan?

Its 6.60% gross yield sits +0.6 pts against the Meydan median of 5.97%, computed at the same bedroom grain over the same 24-month window.

Do new tenants in The Galleries pay more than sitting ones?

A new tenant pays +8.3% against a renewing one, across 5 renewal contracts in the last 24 months. Renewals are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands.

Did off-plan buyers in The Galleries make money?

Units bought off-plan between 2017 and 2019 later resold +80.9% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.

The Galleries — rental prices & yield

Buy: 2.72MAED; AED 1,501/sqft
Long-let: 130,000AED; AED 77/sqft · 6.60%

Priced off the last 5 sales — most recent June 2025.

Yield spread: +0.6 pts; vs the Meydan median for this unit type
Turnover upside: +8.3%; new tenants pay more than sitting ones — 5 renewals
AED/yr/sqft: AED 77
Sales: 3
Rental contracts: 9
Renewal rent: AED 120,000/yr

12 months: +60.0%
3 years: +14.3%+4.6%/yr

Based on 3 sales and 9 rental contracts in the last 24 months. Thin sample — treat these figures as indicative.

The Galleries is an apartment building in Meydan, Dubai. The closest metro station is Business Bay Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2017 to 2025, 162 registered sales in all — the 3 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in The Galleries, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
1 bed	AED 83,000	95	7.22% +0.7 pts	9
2 bed	AED 130,000	77	6.60% +0.6 pts	9

Deltas compare each yield with the Meydan median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

1 bed: Priced off the last 5 sales — most recent August 2025.
2 bed: Priced off the last 5 sales — most recent June 2025.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

Sales

Nothing registered in the last 3 months. Try a wider window.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
5 Aug 2026	2 bed	1,299	AED 135,000	104	New
20 Jun 2026	2 bed	1,703	AED 125,000	73	New
1 Jun 2026	2 bed	1,300	AED 100,000	77	Renewal

3 contracts starting on or after 26 May 2026.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 5
Flats: 45
Lifts: 3
Parking bays: 58
Swimming pools: 1
Flats per lift: 15
Parking per flat: 1.29
Pools per 100 flats: 2.22

Nearby

Metro: Business Bay Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in Meydan, on the same figures over the same window.

Highest rental yields in Meydan · The Galleries places 13th of 21

Common questions

What is the rental yield in The Galleries?: The Galleries returns 6.60% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 9 rental contracts registered in the last 24 months.
How much does a 2 bedroom in The Galleries cost?: The median registered sale price is AED 2.72M (1,501 AED/sqft), from 3 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
How does The Galleries compare with Meydan?: Its 6.60% gross yield sits +0.6 pts against the Meydan median of 5.97%, computed at the same bedroom grain over the same 24-month window.
Do new tenants in The Galleries pay more than sitting ones?: A new tenant pays +8.3% against a renewing one, across 5 renewal contracts in the last 24 months. Renewals are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands.
Did off-plan buyers in The Galleries make money?: Units bought off-plan between 2017 and 2019 later resold +80.9% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.

The Galleries