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: Average Rent AED 44,000 per year
54 One-Bedroom Apartments: Average Rent AED 72,000 per year
10 Retail Shops: Total size of 10,193 sq ft at 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!
Our Real Estate Agency
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Dubai
Building 1 to Building 37, Zen Cluster, Discovery Gardens, Dubai
Posted on 7 February (16 days ago)
ID 554685
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