Market Price for Renting Property in Dubai Discovery Gardens – 2024

Discovery Gardens is located in the Jebel Ali district of Dubai, offering a mix of low-rise apartment buildings. The area is known for its well-maintained gardens, easy access to key landmarks like Dubai Marina and Palm Jumeirah, and proximity to the Jebel Ali Free Zone and major transport routes. This makes it an attractive option for both individuals and families looking to rent in Dubai.

Current Rental Prices in Discovery Gardens:

As of 2024, rental prices in Discovery Gardens are still among the most affordable in Dubai, with various options to suit different budgets.

• Studio Apartments: Rent for studio apartments in Discovery Gardens typically ranges from AED 25,000 to AED 40,000 per year.
• 1-Bedroom Apartments: The average annual rent for a 1-bedroom apartment is between AED 40,000 and AED 55,000.
• 2-Bedroom Apartments: For 2-bedroom apartments, rental prices are typically between AED 60,000 and AED 80,000 per year.
• 3-Bedroom Apartments: Rent for larger 3-bedroom apartments can range from AED 85,000 to AED 110,000 per year.

Factors Influencing Rental Prices in Discovery Gardens:

Several factors influence the rental market in Discovery Gardens, including:

1. Location: Properties that are closer to the community's main roads, metro stations, or amenities tend to have higher rental prices.
2. Property Size & Condition: Larger apartments or those with modern finishes and renovations often command higher rents.
3. Demand & Supply: The demand for rental properties in Discovery Gardens fluctuates based on factors such as seasonality and market trends. As the area continues to grow in popularity, rents may see a steady increase.
4. Amenities: Properties with additional facilities, such as access to swimming pools, gyms, and retail outlets, can result in higher rent.

Why Rent in Discovery Gardens?

Discovery Gardens continues to attract a wide range of tenants for several reasons:

• Affordability: Compared to other Dubai areas, Discovery Gardens offers competitive rental prices, making it an attractive option for those seeking value for money.
• Family-Friendly Environment: The area is known for its green spaces and community-focused atmosphere, ideal for families.
• Proximity to Major Areas: Discovery Gardens offers quick access to Dubai Marina, JBR, and key commercial hubs, making it a convenient location for professionals.
• Public Transport: The nearby metro station and bus routes provide excellent connectivity to other parts of Dubai.

Investment Potential for Landlords:

For property owners, Discovery Gardens presents a strong rental yield opportunity due to its affordability and popularity. With increasing demand for rental properties, the area provides good prospects for long-term rental income.

Conclusion:

Discovery Gardens is an excellent choice for renters looking for affordable, family-friendly living in Dubai. With competitive rental prices, convenient amenities, and a prime location, it offers great value for money. Whether you're new to Dubai or relocating for work, renting in Discovery Gardens can provide a comfortable and cost-effective living experience.