Property deals hit Dhs6.8b as UAE firm announces sales day

Staff Reporter, Gulf Today

The real estate and properties transactions valued at Dhs6.8 billion in total during the week, according to Dubai Land Department (DLD). 330 plots were sold for Dhs1.65 billion, 1,653 apartments and villas were sold for Dhs3.42 billion.

The top transactions were a land in Nadd Hessa sold for Dhs189.65 million, followed by a land that was sold for Dhs90.07 million in Palm Jumeirah.

Meanwhile, a leading UAE real estate developer, announced a special sales day at the Sofitel Abu Dhabi Corniche, on Saturday. The event includes a special offer with a 10% discount, only 10% down payment, and 1% monthly installments for the company's projects in Al Raha Beach i.e. "Al Raha Lofts 1" and "Al Raha Lofts 2," in addition to the "Diva" project on “Yas Island” in Abu Dhabi.

The event also includes an offer on the retail of the “Al Maryah Vista 1” and “Al Maryah Vista 2,” with a 20% discount, 20% down payment, and 1% monthly installments.

Needless to say that five Reportage Properties projects in Al Raha Beach, Yas Island and Al Maryah Island, provide about 2,400 housing units, where the “Al Raha Lofts 1”  provides 164 housing units, and “Al Raha Lofts 2” adds 110 housing units, within the Al Raha Beach area, while the "Diva" project on Yas Island has 736 housing units.

The "Al Maryah Vista 1" project includes 786 housing units on Al Maryah Island, while "Al Maryah Vista 2" provides 588 housing units.

Reportage Properties is developing 12 projects in the UAE, providing about 6,000 housing units within the most important investment sites in Abu Dhabi and Dubai, in addition to a project that has been completed and handed over in Masdar City in Abu Dhabi.

Islam Ahmed Suleiman, CEO, Reportage Properties confirmed the high demand for the company's projects in Abu Dhabi, in light of the robust performance of the real estate market in the capital these days, with the successive disclosure of many government initiatives aimed at enhancing economic activity in Abu Dhabi.

He said that the retail market in Abu Dhabi is on fast recovery track amid a noticeable rise in demand for commercial spaces, especially in distinct areas such as "Al Maryah Island", the financial and business center in Abu Dhabi.