Dubai tenants get rent-free periods in Discovery Gardens, The Residences
July 22, 2024
By Expat Media
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Dubai tenants get rent-free periods in Discovery Gardens, The Residences
DUBAI – Tenants in Dubai’s Discovery Gardens and The Residences at Ibn Battuta Gate can get rent free periods, according to property developer Seven Tides.
The rent-free periods are available to new tenants of these two areas, according to Seven Tides.
New tenants looking to rent apartments in The Residences at Ibn Battuta Gate can now lease a 700sqft, one-bedroom unit with balcony, starting from Dh61,000. A two-bedroom apartment with balcony costs Dh82,000 to rent. Rental payments are spread over 13 months and are inclusive of utilities, chiller fees, Wi-Fi and cable TV.
Tenants can also take advantage of a 25 percent food and beverage discount at the adjacent five-star Oaks Ibn Battuta Gate Dubai Hotel.
In Discovery Gardens, new tenants can secure a one-bedroom apartment with balcony for as little as Dh48,000 spread over 13 months, inclusive of chiller fees.
Seven Tides owns ten buildings within the community, with a total inventory of 1,528 apartments in a contemporary residential setting, offering a cosmopolitan style of living.
Abdulla bin Sulayem, CEO of Seven Tides, apartment rental rates in Dubai grew by over 14 percent in 2021.
“Many real estate professionals believe that the outlook for 2022 is also positive with apartment rental rates likely to increase by 5 percent to seven percent,” he added. ICA/Expat Media
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