Discovery Gardens

Development guide
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A family-oriented community, Discovery Gardens covers over 26 million square feet and consists of approximately 291 buildings. As its name would suggest, the development has a keen focus on landscaping, boasting rich and unique courtyard gardens. Discovery Gardens is divided into six themed communities that include Zen, Mediterranean, Contemporary, Mogul, Mesoamerican and Cactus – each reflecting something unique.

The development is located strategically close to the Ibn Battuta Mall, one of Dubai’s most architecturally-rich shopping centres.

Tenants in the community have access to a range of facilities that include swimming pools, tennis courts, children’s playing areas, basketball and volleyball courts, a mosque and jogging trails. It definitely is the perfect home for all nature-lovers!

No. of bedrooms Average price, AED Average rent per year, AED Average service charges, AED Approximate annual net rental income
Total Per ft2 Total Per ft2 Total Per ft2 AED %
Discovery Gardens
Studio (485 ft2) 470,000- 550,000 970- 1,130 45,000- 55,000 90- 110 7,240 15 37,760- 47,760 8-9
1BR (925 ft2) 680,000- 750,000 740- 810 60,000- 75,000 60- 80 13,810 15 46,190- 61,190 7-8
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Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management