Seven Tides has announced that its competitive pricing strategy for its developments in Discovery Gardens and The Residences at Ibn Battuta Gate (RIBG) has paid off, with occupancy running at over 97%.
Seven Tides first introduced its ‘free rent’ promotion in November 2020, as the Dubai economy was steadily recovering in the wake of the pandemic. It was reintroduced in Q1 this year and, as a result, has seen a surge in demand from prospective tenants.
In Discovery Gardens, new tenants have been able to secure a one-bedroom apartment with balcony for just AED 56,000 spread over 13 months, including chiller fees. A range of lifestyle choices is available within the development, with a host of swimming pools, tennis courts, children’s play areas, basketball and volleyball courts, trails for cycling and jogging, and a mosque.
The development also benefits from a Metro station and easy access to JLT and Dubai Marina.
Abdulla bin Sulayem, CEO of Seven Tides, said: “These apartments have been extremely popular with new tenants due to their outstanding value, convenient location, and an array of amenities on offer. As the Dubai economy continues to grow, we expect demand to intensify for the remaining apartments.
New tenants looking to rent apartments in The Residences at Ibn Battuta Gate can now lease a one-bedroom unit with balcony, starting from AED 64,000 or a two-bedroom apartment with balcony, starting from AED 84,000. Both prices are spread over 13 months and inclusive of utilities, chiller fees, Wi-Fi and Cable TV.
Tenants can also take advantage of food and beverage discounts at the adjacent five-star Oaks Ibn Battuta Gate Dubai Hotel. In addition, the Ibn Battuta Mall, the largest themed mall in the world, which has close to 400 stores, a multi-screen cinema, and a comprehensive food court, is only a short walk away, as is the Metro station.
To learn more about the rental units still available within The Residences at Ibn Battuta Gate and Discovery Gardens, contact 800 883 007.