Reportage Properties, the leading real estate developer in the UAE, make a special offer giving customers a chance to obtain guaranteed rental return.
The offer, which is valid until the end of June 2021, requires the customer’s commitment to pay only 7% down payment, with a monthly payment of 1% of the unit value until the day of handing over. After 7 months, the customer begins to collect a net rental return of 7% annually, for a period of 7 years, which means redeeming 49 % of the value of the housing unit after 7 years of handover.
Islam Ahmed Suleiman, CEO, Reportage Properties pointed out Reportage's continuous interest in making offers that meet the aspirations and requirements of all customers, and provide various options for buyers of different segments. He highlighted the robust demand for housing units in all of the company's projects, that boosted their sales this year, which reflect the strong performance of the UAE real estate market after overcoming the challenges associated with the COVID-19 pandemic.
Suleiman stated that work in all projects is done on schedule , in preparation for handing over to buyers on the specified dates. The company's recent launch of their first project outside the UAE, is another proof of their strong financial position and the stability of their business model.
Reportage Properties is developing 11 projects, providing about 5,000 housing units within the most important investment sites in Abu Dhabi and Dubai, in addition to a project that has been completed and delivered in Masdar City in Abu Dhabi, as well as a project in Egypt.
Reportage Properties achieved sales of more than Dhs600m since the beginning of the year 2021.The value of their sales during the first quarter of this year amounted to about Dhs369m, compared to Dhs132m during the first quarter of 2020, that is an increase of 180 percent.
The list of Reportage Properties projects in Abu Dhabi includes "Al Raha Lofts 1", which provides 178 housing units, and "Al Raha Lofts 2", which adds 124 housing units, within the Al Raha Beach area.