No down payment – that may be the latest marketing tool being used in Dubai’s property market.
Dubai , Dubai
22 February 2021, 12:00 AM
13 March 2021, 12:00 AM
One Dubai developer does away with down payment - others may follow!
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.
Reportage Properties will instead seek commitment for monthly payments. 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.
The Alexis consists of 16 floors, with three floors for parking. The high-rise is about 20 per cent complete, and set for handover in the the last quarter of 2022.
Recently, Reportage had come up with an offer to waive service charges for 10 years.
According to Islam Ahmed Suleiman, Chief Operating Officer, said: “There are good indications of improved demand in Dubai.”