Staff Report
The Abu Dhabi-based Reportage Real Estate Company has started preliminary construction work for the first phase of the “Rokan 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 of 2020.
Today, Saturday, December 21st, the company is organizing in Dubai, with 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 Mr. Abdullah Ahmed Suleiman, Chief Operating Officer, 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 AED575,000, while eligible two-bedroom townhouse prices start from AED895,000, registration fee of 4% and Payment facility plans for project buyers, as buyers can only pay 1% per month for 100 months.
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 1,060 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 1,970 square feet, of which 1,290 square feet per unit, and 390 square feet the garden area, while the land area reaches 1,330 square feet.
Suleiman indicated that the first phase of the project is scheduled to be delivered by the second quarter of 2022, explaining that “Rakan Lofts” is one of the major projects, as it is expected that after completing all the phases more than 1,300 residential villas will be provided.
The project extends over a total area of up to 3 million square feet, consisting of more than 60% of the open and green public spaces that create a comfortable home environment for the family, and the project was designed with great care to provide spacious green areas, cycling paths and walking paths, and various entertainment and service facilities. It also design a commercial area consisting of retail spaces and picnic areas.
He added that “Reportage” is keen in the implementation of all its projects to provide units with specifications and high quality, explaining that all units of townhouses and villas in the project have been completed according to the best international specifications, and Italian materials of high quality.
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.
In Al Raha Beach, the company is developing the “Al Raha Loft 1” project, which provides 164 units, and “Al Raha Loft 2”, which provides 110 housing units.
Suleiman stated that on November 23 at the Sofitel Abu Dhabi Hotel, the company organized a special sales event that included special discounts on its real estate projects in Abu Dhabi and Dubai, where it received many requests from clients wishing to purchase real estate in the company’s projects, explaining that the percentage of sales in the company’s projects exceeds 50% .
He added that “Reportage” has succeeded, within 5 years of its establishment, in gaining the confidence of customers in light of its commitment to reliability in terms of specifications, deadlines and delivery.
