Saturday 7 December 2019

Reportage Properties unveils special offer for UAE projects

ABU DHABI, July 23, 2019

Abu Dhabi-based developer Reportage Properties has announced that it will be offering its "Buy an Apartment and Get a Net Annual Return of 8% for 3 Years" plan.

The new offer which runs till August 15, covers all projects in Abu Dhabi and Dubai, said the statement from the company.

The contract of sale includes a term ensuring the buyer will receive eight per cent annual return immediately after delivery, that is, 24 per cent within three years, after paying the price of the unit, whether through personal or bank financing, it added.

"The offer enables customers to get a net annual return of eight per cent after delivery, without any service charges or maintenance fees for three years. The move will contribute to enhancing investor confidence in the company's projects," remarked Islam Ahmed Sulaiman, CEO of operations at Reportage Properties.

He pointed out that the company received a positive response from investors immediately after the announcement of the offer.

Reportage Properties is keen to provide a variety of innovative and tailor-made packages to suit all categories of the buyers and ensure that investors receive a good return on their investment in the real estate market.

The company has recently completed the delivery of the Leonardo Residence project in Masdar City, which offers 177 apartments, including 122 studios, 48 one-bedroom apartments , 16 two bedrooms and one 3 bedrooms apartment.

Work is currently under way at its Al Waha Residence project in Masdar City, which, once completed in the second quarter of 2021, will boast 612 units.

Sulaiman said another of its projects is coming up in Al Raha Beach. Once the Al Raha Loft1 project gets competed, it will add 164 residential units into the market along with another 110 units within its Raha Loft 2 development.

"We will complete most of the projects within three years so that the customer pays 36 per cent of the total price during that period. The remaining 64 per cent will be paid over a period of five years, at the rate of one per cent of the remaining sum per month," he added.-TradeArabia News Service


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