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Whole building for sale with 7 bedrooms in Building 1 to Building 37, Zen Cluster, Discovery Gardens, Dubai at AED 100,000,000 [PS-07022539]
AED 100,000,000
Full Building | High ROI | Great Deal
Whole building for Sale in Building 1 to Building 37, Zen Cluster, Discovery Gardens, Dubai
7 Baths
163,326 sq ft
Key Information
Property Type
Whole building
Purpose
For Sale
Completion
Completed
Furnishing Type
Unfurnished
Property ID
PS-07022539
Property Condition
Partially upgraded
Property Managed by Us
No
Description
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 adjusting rental prices to align with current market trends, the building’s income and ROI could be significantly enhanced beyond the current 7.9%.
Operating Expenses:
Annual Operating Costs: AED 2,159,481.30, which includes Maintenance and Repairs, Security Services, Utilities (DEWA and Empower), and Administrative and Office Costs.
Why Invest?
This property offers a diversified income stream from both residential apartments and retail spaces. It has a stable tenant base in a high-demand area of Discovery Gardens. There is also considerable growth potential through rental price adjustments.
Community Highlights:
Discovery Gardens is a highly sought-after residential community, offering lush green spaces and a strategic location. It is well-connected to major roads, making access to key Dubai landmarks quick and easy.
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 significant growth potential. Call now for more information or to arrange a private viewing!
Company Name: Provident Real Estate
RERA ORN: 1933
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 adjusting rental prices to align with current market trends, the building’s income and ROI could be significantly enhanced beyond the current 7.9%.
Operating Expenses:
Annual Operating Costs: AED 2,159,481.30, which includes Maintenance and Repairs, Security Services, Utilities (DEWA and Empower), and Administrative and Office Costs.
Why Invest?
This property offers a diversified income stream from both residential apartments and retail spaces. It has a stable tenant base in a high-demand area of Discovery Gardens. There is also considerable growth potential through rental price adjustments.
Community Highlights:
Discovery Gardens is a highly sought-after residential community, offering lush green spaces and a strategic location. It is well-connected to major roads, making access to key Dubai landmarks quick and easy.
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 significant growth potential. Call now for more information or to arrange a private viewing!
Company Name: Provident Real Estate
RERA ORN: 1933
Amenities
Balcony
Basement parking
Built-in Wardrobes
Lobby in Building
Children's Play Area
View of Landmark
Covered Parking
Near metro
Near public transportation
Security
Shared Gym
Calculate Mortgage Repayments
Total Price
AED
Down Payment
%
Loan Period
Years
Interest Rate (%)
%
AED 385,598
per month
Total Loan Amount:
AED 75,000,000
Duration
25
Discovery Gardens area guide
Discovery Gardens area guide
Nestled within the heart of bustling urban landscapes, Discovery Gardens emerges as an oasis of tranquility. Its meticulously curated green spaces reveal a new facet of nature's beauty.
Discovery Gardens is situated in the Jebel Ali district between Sheikh Zayed Road (E11) and Sheikh Mohammed Bin Zayed Road (E311). The community is a favorite choice for expatriate families who frequently commute to nearby commercial zones.
This project, overseen by master developer Nakheel and completed in 2008, covers an expansive 26 million square feet. Discovery Gardens boasts generously proportioned apartment towers of varying sizes, enveloped by verdant greenery and well-tended lawns. Notably, it stands out as one of Dubai's premier locations for renting studios, offering competitive prices in line with market standards.
DLD Permit Number
65195993104
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