New homes in Floarea Vista start at AED 595,000; the keys were due Jun 2024; you pay 20% to book, 40% while it is built and 40% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 51 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Discovery Gardens. Their median price is AED 2,157 per sq ft (about AED 906,000 at 420 sq ft). This project's from price is AED 1,417 per sq ft (AED 595,000 for its smallest home, 420 sq ft), 34% less.
Keys
Jun 2024
The developer's handover date. It has passed and may be out of date, so check the current one with the developer.
Payment plan
20 / 40 / 40
20% to book, 40% while it is built, 40% at the keys
Bedrooms
Studio to 2 beds
Sizes
420 to 1,400 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,417 per sq ft
Similar off-plan homes: AED 2,157 per sq ft
RERA project
3028
Check it in Dubai REST, the Dubai Land Department's official app.
Built
63%
Being built. DLD register, Nov 11, 2026
Completion on the register
Jun 2026
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
بنك المشرق (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
158
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 40% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
When you bookBooking · 20%
Booking
20%
AED 119,000+ AED 23,800 DLD fee
AED 142,800
As it is builtWhile it is built · 40%
While it is built
40%
AED 238,000
AED 380,800
At the keys (Jun 2024)Keys · 40%
Keys
40%
AED 238,000
AED 618,800
Booking payment, 20%
AED 119,000
Dubai Land Department fee (Oqood), 4%
AED 23,800
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 142,800
Total costPrice plus the DLD fee
AED 618,800
The handover date (Jun 2024) is too close or already past to estimate the dates. Ask the developer for its current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 51 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Discovery Gardens, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Floarea Vista sold in 24 months, so we compare with off-plan sales across Discovery Gardens.
Dubai Land Department recorded 51 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Discovery Gardens, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,157 per sq ft
AED 1,343 to AED 1,478 per sq ft
4 sales
This project's from price is in this band.
AED 1,478 to AED 1,613 per sq ft
1 sale
AED 1,613 to AED 1,749 per sq ft
4 sales
AED 1,749 to AED 1,884 per sq ft
2 sales
AED 1,884 to AED 2,019 per sq ft
2 sales
AED 2,019 to AED 2,154 per sq ft
11 sales
AED 2,154 to AED 2,290 per sq ft
17 sales
AED 2,290 to AED 2,425 per sq ft
10 sales
AED 1,343 per sq ftAED 2,425 per sq ft
This project AED 1,417 per sq ft
Half of the sales sold for AED 2,016 to AED 2,230 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,343 to AED 1,478 per sq ft
4
AED 1,478 to AED 1,613 per sq ft
1
AED 1,613 to AED 1,749 per sq ft
4
AED 1,749 to AED 1,884 per sq ft
2
AED 1,884 to AED 2,019 per sq ft
2
AED 2,019 to AED 2,154 per sq ft
11
AED 2,154 to AED 2,290 per sq ft
17
AED 2,290 to AED 2,425 per sq ft
10
The 3 closest sales
Picked from the 51 similar sales above, closest in size to this project's smallest home.
Jan 2026AED 920,194AED 2,190 per sq ftTrussardi Residences 2 - TOWER B, 420 sq ft
Mar 2026AED 700,000AED 1,669 per sq ftFloarea Vista, 419 sq ft
Feb 2026AED 697,000AED 1,657 per sq ftSerene Gardens By Prescott, 421 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Al Furjan in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 595,000 here
Off-plan medianAED 640,000AED 1,622 per sq ft
Sales769
34% below 51 similar sales
1-bed apartment
Off-plan medianAED 1,482,000AED 1,899 per sq ft
Sales2,227
2-bed apartment
Off-plan medianAED 2,147,000AED 1,663 per sq ft
Sales1,926
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
8.1%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
6.6%
Typical gross yield of similar ready homes
9.2%
Median rent of studio apartments in Al Furjan
AED 48,000 a year
Service charge a year, from the keysThe area median, AED 17 per sq ft from 21 buildings, as of 2023, for the smallest home (420 sq ft)
AED 7,140
Rent contracts counted
3,597
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 48,000 a year
1-bed apartment
AED 70,000 a year
2-bed apartment
AED 100,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 48,000 ÷ AED 595,000 = 8.1%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Discovery Gardens Metro Station600 m, 10 min walkMetro station
JBR beach4.4 km, 8 min driveBeach
Arcadia Global School1.5 km, 4 min driveSchool
Emirates International School - Meadows3.3 km, 10 min driveIB school
Delhi Private School2 km, 4 min driveIndian school
Discovery Gardens Pavillion mall750 m, 12 min walkMall
Aster Medical1.6 km, 3 min driveHospital
Jumeirah Lakes Towers3.7 km, 10 min driveOffices
The Montgomerie Golf Club3.4 km, 12 min driveGolf
Playground, Street 4-5, Discovery Gardens, Dubai, UAE450 m, 10 min walkPark
Floarea Vista is a 10-floor Mashriq Elite building in Al Furjan with studios to 2-bedroom apartments from AED 595,000. The listed handover of June 2024 passed more than two years ago, and the building is about 580 m from Discovery Gardens Metro Station.
The listed handover date, June 2024, is long past, so it may be out of date; ask the developer. The listing does not say whether the building is finished. Ask whether it is complete and to see the completion certificate. The listing also names Discovery Gardens as the location, so ask the developer for the exact location.
The price check puts the from price per square foot about 34% below 51 similar studio sales in Discovery Gardens over the 12 months to November 2026. These were sales across the area, not in this building. Ask for the price per square foot of your exact unit.
The plan is 20% on booking, 40% during construction and 40% at handover. At the from price that is AED 119,000 to book, AED 238,000 during the build and AED 238,000 at handover. Separately, the 4% DLD fee comes to AED 23,800; ask when it is due. As the listed date has passed, ask when the 40% construction payment falls due.
There are 158 apartments. The listing's size range is 420 to 1,400 sq ft, but it gives studios of 405 sq ft, below that range, so check the floor plans; two-bedroom homes run between 1,153 and 1,314 sq ft and one-bedroom homes between 787 and 919 sq ft. Homes have fully equipped kitchens and smart home technology. Facilities include a sky lounge, an organic swimming pool, a sun deck and an indoor techno gym. Discovery Gardens Metro Station is about 580 m away, a Medcare medical centre about 1.2 km, Arcadia Global School about 1.5 km and Delhi Private School about 2 km.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
Studio
1 BR
2 BR
How prices moved
Median price of studio apartments in Al Furjan, over the 12 months to each dateUp 5% from Dec 2024 to Sep 2026.
Dec 2024AED 1,550 per sq ft
Sep 2026AED 1,622 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,622 per sq ft
769 sales
Jun 2026
AED 1,616 per sq ft
769 sales
Mar 2026
AED 1,616 per sq ft
615 sales
Dec 2025
AED 1,602 per sq ft
597 sales
Sep 2025
AED 1,597 per sq ft
595 sales
Jun 2025
AED 1,559 per sq ft
602 sales
Mar 2025
AED 1,550 per sq ft
576 sales
Dec 2024
AED 1,550 per sq ft
555 sales
Off-plan sales only.
Questions about this project
Which company builds Floarea Vista?
Mashriq Elite. The building is in Al Furjan.
Can foreigners buy here?
Yes. It's in a freehold area, so foreign buyers can own outright.
When is handover?
The listed handover is June 2024. That date has passed, so it may be out of date; ask the developer for the completion certificate before you pay.
How does the price compare with similar sales?
The price check puts the from price per square foot about 34% below 51 similar studio sales in Discovery Gardens (12 months to November 2026).
How far is the metro?
Discovery Gardens Metro Station is about 580 m away, around 4 minutes by car.
How big are the homes?
Studios are about 405 sq ft and two-bedroom homes up to about 1,314 sq ft. The studio size sits below the listing's own range of 420 to 1,400 sq ft, so check the floor plans.
