Full Building | High ROI | Prime Location

Building for Sale in Discovery Gardens
ROI: 7.9%

Property Details:

Location: Discovery Gardens, Jebel Ali District
Plot Area: 23,342 sq ft
Built-Up Area (BUA): 163,326.35 sq ft
Total Units: 169 Apartments + Retail Spaces

115 Studio Apartments: RERA Average Rent AED 44,000 per year
54 One-Bedroom Apartments: RERA Average Rent AED 72,000 per year
10 Retail Shops: Total size of 10,193 sq ft at RERA Rate AED 109/sq ft

Potential for Increased ROI:

The current rental income is based on long-term contracts, many of which are signed at below-market rates. By aligning rental prices with current market trends, the building’s income and ROI could significantly exceed the current 7.9%.

Operating Expenses:

Annual Operating Costs: AED 2,159,481.30, including maintenance and repairs, security services, utilities (DEWA and Empower), and administrative and office costs.

Why Invest?

This property provides a diversified income stream from both residential apartments and retail spaces. It has a stable tenant base in the high-demand Discovery Gardens area, with substantial growth potential through rental price adjustments.

Community Highlights:

Discovery Gardens is a highly desirable residential community, offering lush green spaces and a prime location. It is well-connected to major roads, providing quick access to key Dubai landmarks:

Dubai Mall: 21 minutes
Palm Jumeirah: 13 minutes
Burj Al Arab: 18 minutes
The Walk JBR: 13 minutes

Contact Us:

This is a rare opportunity to acquire a profitable, income-generating property with considerable growth potential. Call now for more information or to arrange a private viewing!

Company Name: Provident Real Estate
RERA ORN: 1933

Property details

Property Type

Whole Building

Property Size

163,326 sqft / 15,173 sqm

Bedrooms

Bathrooms