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Whole building for sale with 7 bedrooms in Building 1 to Building 37, Zen Cluster, Discovery Gardens, Dubai at AED 105,000,000 [PS-19032554]
AED 105,000,000
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-19032554
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
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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
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Loan Period
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Interest Rate (%)
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Duration
25
DLD Permit Number
65195993104