UAE developer offers 10 years’ exemption from service fees

Business Bureau, Gulf Today

One of the UAE leading real estate developer, Reportage Properties, has launched a special offer that includes exemption from service fees for 10 years on all its projects in Abu Dhabi and Dubai.

The new initiative also offered buyers to pay 10% as a down payment and installments of 1% per month payment until completion and balance upon handover.

The company is developing 10 projects that provide about 4000 housing units within the most important investment sites in Abu Dhabi and Dubai.

 “The availability of sufficient liquidity and the stability of our financial position enhanced the opportunities for launching attractive offers to buyers, with the option of payment after hand over,” said Islam Ahmed Suleiman, Chief Operating Officer.

He explained that the company offers several options to buyers such as 10% down payment, 90% after hand over, or 20% in advance and 80% after hand over, both options benefit from a 5% discount, as well as exemption from service fees for 10 years in the company’s projects in Dubai.

The developer is organising a sales event for its new project Rakan Tower today at The Westin Dubai Mina Beach Resort, which will run from 9 am to 7 pm.

Suleiman indicated that the company is interested in launching a number of innovative promotional offers that take into account the conditions of the real estate market at the current times, as well as discounts on some units when buying in cash.

This also comply with the requirements of the competent authorities, by paying money into the ‘escrow account’.