Commenting on the initiative, Abdulla bin Sulayem, CEO of Seven Tides, said: “This promotion represents exceptional value for prospective tenants. In the last year, we have seen double-digit rental rate growth. Looking ahead, we expect that figure to increase by a further 5 to 7 percent, which would indicate levels similar to those witnessed before the pandemic.
“Our rent-free offer represents outstanding value for money, and provides tenants with an opportunity to capitalise on rental rates below the current market average.”
In addition to being located a short walk from Ibn Battuta Mall, which features 400 stores, an extensive food court and a multi-screen cinema and I-MAX, residents can also claim a 25 percent discount on food and beverage purchases at the adjacent five-star Oaks Ibn Battuta Gate Dubai Hotel.
New tenants looking to rent properties at Discovery Gardens, which boasts easy access to JLT, Dubai Marina and its own metro station, can pick up a one-bedroom apartment for as little as AED 56,000 per 13-month period.
However, availability is now extremely limited. “The current occupancy level at Discovery Gardens is 99 percent, so there are very few units still available,” bin Sulayem explained.
