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Reportage Properties will instead seek commitment for monthly payments Post handover payment plans, service charge freeze and now, no down payment. Dubai developers are upping their promotional plays to net buyers. Image Credit: AFP
Dubai: No down payment – that’s the latest marketing tool being used in Dubai’s property market. At least one developer is doing so.
Reportage Properties is eschewing all down payments for its Alexis Tower units – located in Downtown Jebel Ali on Shaikh Zayed Road - as a special offer.
Instead, buyers for the studio units, priced from Dh399,000, will have to commit to paying Dh8,000 a month. The high-rise – opposite the UAE Exchange Metro Station - offers 378 units.
Reportage to offer special package for Abu Dhabi, Dubai projects
DUBAI, January 27, 2021 Reportage Properties, a leading real estate developer in the UAE, is offering a special package to investors and prospective buyers for its projects in Abu Dhabi and Dubai at a sales event to be held at the Habtoor Grand Resort in Dubai on January 30. Under the special scheme, the Emirati developer is offering a 10 per cent discount on all these projects without a down payment. They only have to pay a 1% monthly installments during the construction period and the remaining amount upon handover. The other key attraction for the buyer is the exemption from service fees for a period of 10 years, it stated.
Reportage Properties is developing 10 projects that provide about 4,000 units in the UAE
Dubai: Reportage Properties, the UAE leading developer has launched a special offer that provides buyers with the opportunity to purchase residential units in all of its projects in Abu Dhabi and Dubai, without down payment, only 1% monthly payment during the implementation period, with the advantage of a 5% discount. Reportage Properties is developing 10 projects that provide about 4,000 housing units within the most prestigious investment sites in Abu Dhabi and Dubai. Islam Ahmad Suleiman, CEO, Reportage Properties Image Credit: Supplied
The company also recently revealed a new project that will be developed on Yas Island. “We started the year 2021 by making a distinguished offer, which includes (zero down payment, in addition to paying 1% per month during the implementation period, provided that the remaining amount is paid upon handing-over, without any payments