Reportage Properties said work is currently under way on 10 key projects which will add about 4,000 new housing units into the UAE real estate market. Of these, six are in Abu Dhabi and rest in Dubai.
These include "Al Raha Lofts 1", providing 178 residential units, and "Al Raha Lofts 2", which adds 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 612 apartments, while the "Oasis Residence 2" project boasts about 304 housing units, as well as the "The Gate" project that adds 463 apartments.
On Al Maryah Island, Reportage Properties is developing the “Al Mariah Vista” project, providing 786 housing units.
Beside this, the company also recently revealed 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, which provides 378 luxury residential units, as well as the "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 woo investors, the Emirati developer has unveiled a special offer that provides buyers with the opportunity to purchase residential units in all of its projects in Abu Dhabi and Dubai, without any down payment.
Under this innovative scheme, only 1% monthly payment has to be made during the implementation period, thus giving the buyer the advantage 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.
“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,” he added.
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