Reportage properties informed that work is currently in progress over 10 key projects which are about to add a sum of 4,000 new housing units into the UAE real estate market. Among which six are in Abu Dhabi and the remaining in Dubai.
These include “Al Raha Lofts 1”, providing 178 residential units, and “Al Raha Lofts 2”, which provides 124 residential units, within the Al Raha Beach area of the UAE capital.
In Masdar City in Abu Dhabi, the “Oasis Residence 1” will add to about 612 apartments, while the “Oasis Residence 2” project boasts about 304 housing units, also the “The Gate” project adds 463 apartments.
On Al Maryah Island, Reportage Properties is developing the “Al Mariah Vista” project, which will encounter about 786 housing units.
Besides all this data, the company also recently announced a new project which is set to come up on Yas Island.
In Dubai, Reportage Properties is developing the “Alexis Tower” project in Downtown Jebel Ali, providing 378 luxury residential units, and also “Rakan” tower project, in the Dubailand area, which provides about 488 housing units.
Rakan Lofts 1 includes about 349 residential villas, and Rakan Lofts 2 provides about 305 villas, it stated.
To grab the attention of the investors, the Emirati developer has unveiled a big offer which provides the buyers the opportunity that they can purchase the residential units in all of its projects in Abu Dhabi and Dubai, without providing any down payment.
Under this scheme, only 1% of monthly payment to be paid during the implementation period, hence providing the buyer the benefit of a 5% discount.
CEO Islam Ahmad Suleiman said: “We started the year 2021 by making a distinguished offer, with zero down payment. The buyer only has to pay 1% per month during the implementation period and hand over the remaining amount on handover, which gives the buyer the advantage of a 5% discount.
Adding “That provides ideal opportunities for clients looking forward to buying real estate units nowadays. We have sufficient liquidity and stable financial conditions, enhancing the chances of making attractive offers to buyers, by exempting from the down payment,”.
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