Preliminary work for ‘Rakan Lofts’ begins

Abu Dhabi: 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, 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.

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 1300 residential villas will be

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.

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.

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