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The Galleries

by ROCKWELL REAL ESTATE DEVELOPMENT L.L.C·NAD AL SHIBA FIRSTResidentialFreehold

Development & Handover Profile

✓ Handover Complete
Construction Progress100.0%
Project Start
Sep 1, 2015
Expected Handover
Feb 4, 2019
Total Units
48
Avg Unit Size
1366 sqft
Freehold Ratio
100%
Escrow Agent
Dubai Islamic Bank PJSC
Median Price
AED 1.10M
PSF
AED 932/sqft
Sales 12M
1
vs Area
-41.3%
Asset Turnover
ⓘ
2.1%
Liquidity (12M)

Physical Inventory Profile

Total Registered Units
48
Avg Unit Size
1366 sqft
2BR
64.6%
1BR
29.2%
Retail
6.3%

Room Configuration

Unit TypeCountShare
2BR3164.6%
1BR1429.2%
Retail36.3%

Price & Volume Trend

Unit Liquidity Matrix

⚠️ Ghost Units Detected

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit TypeInventory ShareSales Share (12M)Demand IndexStatus
2BR68.9%
31 units
0.0%
0 sold
—🚫 GHOST UNIT
1BR31.1%
14 units
100.0%
1 sold
3.22⚠️ STAGNANT
Investor Warning: This project contains “Ghost Units” — configurations that make up a large portion of the building but see near-zero secondary market trading. Reselling these specific unit types may take significantly longer than average.

Recent Transactions

DateAreaProjectRoomsPricePSFStatusOwnership
27 Jul 2026
MEYDANRetailAED 1.11MAED 1,000/sqftReadyFreehold
25 Jul 2026
Published 27 Jul 2026
MEYDANRetailAED 1.12MAED 1,099/sqftReadyFreehold
25 Jul 2026
Published 27 Jul 2026
MEYDANRetailAED 1.23MAED 1,000/sqftReadyFreehold
28 Aug 2025
NAD AL SHIBA FIRST1BRAED 1.02MAED 1,175/sqftReadyFreehold
9 Jun 2025
NAD AL SHIBA FIRST2BRAED 3.20MAED 2,461/sqftReadyFreehold
11 Apr 2025
NAD AL SHIBA FIRST2BRAED 2.72MAED 1,163/sqftReadyFreehold
13 Feb 2025
NAD AL SHIBA FIRST2BRAED 1.97MAED 1,501/sqftReadyFreehold
27 Jan 2025
NAD AL SHIBA FIRST1BRAED 1.15MAED 1,149/sqftReadyFreehold
15 May 2024
NAD AL SHIBA FIRST1BRAED 1.73MAED 1,848/sqftReadyFreehold
30 Apr 2024
NAD AL SHIBA FIRST1BRAED 950KAED 1,015/sqftReadyFreehold
29 Apr 2024
NAD AL SHIBA FIRST2BRAED 1.60MAED 1,232/sqftReadyFreehold
20 Mar 2024
NAD AL SHIBA FIRST1BRAED 1.25MAED 1,570/sqftReadyFreehold
13 Feb 2024
NAD AL SHIBA FIRST1BRAED 970KAED 1,166/sqftReadyFreehold
25 Jan 2024
NAD AL SHIBA FIRST2BRAED 1.80MAED 1,384/sqftReadyFreehold
26 Dec 2023
NAD AL SHIBA FIRST2BRAED 3.80MAED 2,613/sqftReadyFreehold
12 Dec 2023
NAD AL SHIBA FIRST2BRAED 2.10MAED 1,252/sqftReadyFreehold
10 Nov 2023
NAD AL SHIBA FIRST1BRAED 990KAED 1,246/sqftReadyFreehold
7 Jun 2023
NAD AL SHIBA FIRST1BRAED 820KAED 986/sqftReadyFreehold
10 Mar 2023
NAD AL SHIBA FIRST2BRAED 1.65MAED 984/sqftReadyFreehold
27 Dec 2022
NAD AL SHIBA FIRST1BRAED 765KAED 931/sqftReadyFreehold
14 Dec 2022
NAD AL SHIBA FIRST2BRAED 1.30MAED 990/sqftReadyFreehold
11 Nov 2022
NAD AL SHIBA FIRST2BRAED 1.28MAED 765/sqftReadyFreehold
3 Nov 2022
NAD AL SHIBA FIRST2BRAED 1.52MAED 634/sqftReadyFreehold
3 Nov 2022
NAD AL SHIBA FIRST1BRAED 790KAED 962/sqftReadyFreehold
6 Oct 2022
NAD AL SHIBA FIRST2BRAED 1.60MAED 1,008/sqftReadyFreehold
20 Sep 2022
NAD AL SHIBA FIRST2BRAED 1.40MAED 883/sqftReadyFreehold
18 Aug 2022
NAD AL SHIBA FIRST2BRAED 2.30MAED 1,372/sqftReadyFreehold
29 Jul 2022
NAD AL SHIBA FIRST2BRAED 1.49MAED 886/sqftReadyFreehold
27 Jul 2022
NAD AL SHIBA FIRST2BRAED 1.60MAED 1,004/sqftReadyFreehold
2 Jun 2022
NAD AL SHIBA FIRST2BRAED 1.40MAED 962/sqftReadyFreehold
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