The Galleries - Meydan City
About the project
(sq. ft.)
The Galleries – Meydan City is a five-storey residential complex located in Dubai. The project was designed and built by Meydan Group LLC and Rockwell Real Estate Developers. The building uses innovative technologies and was commissioned in 2017.
There are a total of 45 residential units that are available to buy and rent. Properties include one- to two-bedroom apartments that offer beautiful views of the city. Apartments have spacious balconies, kitchens, living/dining rooms, bathrooms, fitted kitchens, and built-in wardrobes.
The complex provides a variety of amenities and services, including:
- Swimming pool
- Tennis courts
- High-speed elevators
- Round-the-clock security and video surveillance
- Kindergarten
- Concierge services
- Electronic lock system
- Fire safety system
- Parking
- Children’s playground
- Pet-friendly accommodations
One-bedroom apartments have a minimum size of 87 sq. m (933 sq. ft.), and two-bedroom apartments have a minimum size of 156 sq. m (1,675 sq. ft.).
One-bedroom apartments have a starting price of AED 770,000 (USD 210,000), and two-bedroom apartments have a starting price of AED 1,000,000 (USD 272,000).
*The price is valid for 2021
Property Information
- Location Meydan City, Dubai, UAE
- Developer Meydan
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 933 sq. ft.
- Total Amount of Units 45
Location
The Galleries – Meydan City is located in a community that has good transportation accessibility. The nearest bus stops, ENBD HQ 1, ENBD HQ 2, and Nad Al Shiba – Clinic, can be reached within a five- to 10-minute walk of the complex.
Residents can take advantage of local schools. The Wolf of Dubai College is situated within a five-minute walk of the complex. ICE School IB offers programmes in English and French and can be reached within a five-minute drive of the apartments.
For groceries and household goods, residents can shop at Grand Fresh Meydan, which is located within a 10-minute walk of the residences. Fair Mart Supermarket is situated within a five-minute walk, and Spinneys can be reached within a five-minute drive. Residents can enjoy Calla Cafe, which is located within a 10-minute walk.
The complex is situated within a short drive of several popular destinations, including:
- Medcare Medical Centre – 10 minutes
- Downtown Dubai, Dubai Opera, and Dubai Aquarium & Underwater Zoo – 15 minutes
- Meydan Bridge – 15 minutes
Payback
Meydan City is a prestigious community in Dubai. It is located within 15 minutes of DIFC and Business Bay, which is convenient for professionals. Residents have easy access to famous attractions, such as Meydan Racecourse, which has hosted the Dubai Cup since 2010.
There are relatively few residential complexes in Meydan City. Apartments in the area are popular among tenants with varying lifestyles, including tourists looking to stay in a developed area with plenty of social and cultural facilities.
Apartments at the Galleries – Meydan City in demand among investors. Units have a return on investment rate of approximately 7%. Properties are expected to increase in value in the coming years and can be sold quickly.
Two-bedroom apartments are the most sought-after units among owners and renters. The annual rental rate for a two-bedroom apartment starts at AED 85,000 (USD 23,000), and the annual rental rate for a one-bedroom apartment starts at AED 50,000 (USD 14,000).
*The price is valid for 2021
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