Description
<strong>Studio for Sale – Building 47, Mediterranean Cluster – Discovery Gardens</strong> <strong>AED 530,000</strong> – <em>Fully furnished & upgraded</em> – <strong>Tenant in place</strong> at <strong>AED 46,000/year</strong> (paid in <strong>4 cheques</strong>) until <strong>31 January 2026</strong> <strong>~400 sec walk (≈ 7–8 mins)</strong> to Gardens / Discovery Gardens Metro Station (Red Line) Rapid Summary<strong>FeatureDetailsListing PriceAED 530,000</strong> — just <strong>2% above</strong> the 6‑month average of <strong>AED 517,700</strong> for studios in Building 47 +15<strong>Current Rent</strong>AED 46,000/year (paid by tenant across <strong>4 obvious cheques</strong>) Brings <strong>~8.68% gross rental yield</strong> before service charges<strong>Tenancy Status</strong>Secure lease valid until <strong>31 January 2026</strong>—immediate income starter until estimated hand-over (~9 months remain)<strong>Built-Up Area</strong>Approx. <strong>475–510 sq ft</strong>, including open living, built-in wardrobes, kitchenette & balcony<strong>Furnishing & Upgrades</strong>Turnkey ready: modular sofa/bed, wardrobe system, concealed kitchenette, spot‑lighting and contemporary décor Building 47 & Neighborhood Highlights<ul><li>Part of Discovery Gardens’ <strong>Mediterranean Cluster</strong> — low-rise (5‑storey) walk‑up block perpendicularly facing themed green walkways, a few streets behind Pavilion Mall toward Al Asayel Street. </li><li>Quiet, low-traffic “bedroom-hallway” layout with minimal corridors—one of the better-kept clusters in the area; owned and managed mainly by private developers (less maintenance rush, fewer share</li><li>Basic shared facility access: club-style <strong>pool, tennis court, landscaped corridor gardens</strong>, and <strong>24/7 CCTV security</strong>; most posh amenities lie in satellite facilities across neighboring buildings in the cluster. </li></ul> A superb turn-key investment in quiet Mediterranean Cluster—this upgraded <strong>studio (~500 sq ft)</strong> delivers strong income with no vacancy risk until <strong>31 January 2026</strong>. Tastefully furnished, featuring open-plan living/dining/kitchen, built-in wardrobes, balcony overlooking shaded walkways, and stylish finishes. At <strong>AED 530,000</strong>, this is priced just above the market average for Building 47, offering <strong>~8.7% gross yield</strong> from day one. <strong>Prime for investors</strong>—tenant pays via <em>4 cheques</em>, collector contract is legal and immediately transferable. Includes <strong>basement parking</strong>, community pool/tennis court, and easy walking distance to <strong>Gardens Metro (Service RTA‑F29 feeder)</strong>, Pavillon Shopping Centre and Ibn Battuta. Owner pays only service charges; utilities and chiller billed to tenant. Viewing available with 48-hour notice as the unit is in spotless condition and vacant at handover.
