Whole building for sale with 7 bedrooms in Building 1 to Building 37, Zen Cluster, Discovery Gardens, Dubai at AED 105,000,000 [PS-22052522]

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