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Alexis Tower

Studio Studio Nakheel

BELOW MARKET

Total Price

429,000

Rate

1,172 AED/sqft

Size

366 sqft

Comparable sales

View area trends

Rental context

Comparable studio studios in Discovery Gardens rent for a median of 36,369/yr across 288 Ejari contracts in the last two years.

Median annual rent
36,369
Sale price (this txn)
429,000
Implied gross yield
8.5%

Yield = median annual rent ÷ this transaction's sale price. Rent and sale data are independent — rent is from the Ejari rental-contracts feed, price is from this DLD transaction. Implied yield is gross (no service charges, agency fees, or vacancy).

Verdict logic

This transaction cleared at 1,172 AED/sqft, below market compared with the median of comparable studio sales in Discovery Gardens.

  • Comparable median: 1,357 AED/sqft across 6arm's-length sales weighted by location, size, beds and recency.
  • Delta vs comparable median: −13.6%.
  • Gifts and mortgages excluded.
highSale

Location context

Discovery Gardens · Nakheel

Centroid shown — DLD parcel coordinates ship with the live data feed.

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Verify & cross-reference

Open Alexis Tower on DXB Interact

DXB Interact's building page lists every registered sale — filter by date or price to find this one. The “DLD ref” below is the transaction id from DLD's open dataset for your own records.

Building
Alexis Tower, Discovery Gardens
in Down Town Jabal Ali
Sale date
21 Apr 2025
Procedure
Delayed Sell · Ready · arm's-length
DLD ref
DLD-1-41-2025-11866
DLD AED/sqm
12,633(our derived AED/sqft: 1,172)
▸ Raw DLD record
transaction_id
dld-1-41-2025-11866
instance_date
2025-04-21
area_name_en
Discovery Gardens
master_project_en
Down Town Jabal Ali
project_name_en
Alexis Tower
building_name_en
Alexis Tower
property_type_en
Studio
rooms
0 BR
size_sqft
366
actual_worth
AED 429,000
meter_sale_price
12,633 AED/sqm
procedure_name_en
Delayed Sell
reg_type_en
Existing Properties
property_usage_en
Residential
has_parking
yes
parties (seller / buyer)
1 / 1
nearest_landmark_en
Expo 2020 Site
nearest_metro_en
UAE Exchange Metro Station
nearest_mall_en
Ibn-e-Battuta Mall
load_timestamp
2026-05-20T13:18:43.000Z

This record is pulled directly from the Dubai Land Department's open data portal. The “DLD ref” field above is the registered DLD transaction id — use the DXB Interact lookup to cross-check; the building, area, date and price will match the public record. Heart Homes is not affiliated with the Department.DLD open-data home ↗