Work on ‘Rakan Lofts’ project begins
- 23 Dec 2019
Inayat-ur-Rahman
Reportage Real Estate Company based in Abu Dhabi has started preliminary construction work for the first phase of the “Rakan Lofts” project, which the company is developing in the “Dubailand” region in cooperation with the “Continental Investment” company, while preparing for the start of major construction works during the first quarter From next year.
The company is offering special offers and prices provided for the project’s buyers.
Payment facility plans, as Reportage is stimulating to provide flexible payment plans for all of its projects,” said Abdullah Ahmed Suleiman, Chief Operating Officer, Reportage Dubai.
Suleiman mentioned that the first phase of “Rakan Lofts” provides about 349 residential villas, where prices start from one bedroom and two-storey hall from 575 thousand dirhams, while eligible two-bedroom townhouse prices start from 895 thousand dirhams, registration fee of 4% and Payment facility plans for project buyers, as buyers can only pay 1% per month for 100 months.
Suleiman explained that the list of the company’s projects also includes the “Leonardo Residence” housing project in Masdar City, which provides 177 apartments, as it was recently delivered. Oasis Residence 2 “, which provides about 304 housing units, and” The Gate “, which will provide about 420 apartments.
Suleiman said: “The distinguished location of the project in Wadi Al-Safa 7, near the Arabian Ranches, and close to the most prominent shopping centers, golf courses and entertainment complexes. The project is also close to” Expo 2020, “will contribute to increasing demand for the project.”
He explained that the one-room townhouse and lounge area is 1060 square feet with 820 square feet for the unit and 240 square feet for the garden, and the land area is 650 square feet, while the two-room townhouse and lounge area covers an area of 1970 square feet, of which 1290 square feet per unit , And 390 square feet the garden area, while the land area reaches 1,330 square feet.
