Middle East 5

Discovery Gardens: middle-income housing segment

Tamweel, the UAE’s leading home financier, has announced that it will offer spacious studio and 1 bedroom apartments at Discovery Gardens, a garden-themed real estate project developed by master developer Nakheel, located just off Sheikh Zayed Road in Dubai. Tamweel will offer exclusive financing for apartments in the project’s Mediterranean section, which is near completion, with down payments starting at Dh35,000.
Discovery Gardens will help meet the growing demand in Dubai’s middle-income housing segment. Such projects also offer long-term price stability and ensure a sustained return on investment. This unique opportunity provides excellent value for investors and homeowners alike, who will not be required to make balance payments until the units are occupied. Prices at this development range from an extremely competitive Dh363,000 for a studio to Dh726,000 for a 1 bedroom apartment. Studio and 1 bedroom apartments are available with down payments as low as Dh35,000 and Dh60,000 respectively. These payments are inclusive of arrangement fees, and finance is available for up to 20 years. Discovery Gardens, which is being developed by Nakheel in Dubai, is a real estate community of spacious studio and 1 bedroom apartments; this unique development features Zen, Mediterranean, Contemporary, Cactus, Mogul and Mesoamerican courtyard gardens.

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