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Reportage Alexis Tower, Reportage Alexis Tower Dubai, Reportage Alexis Tower Downtown Jebel Ali Dubai, Reportage Alexis Tower Price, Reportage Alexis Tower Location
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CONTENTS 2 1 3 4 5 Developer Profile Micro-market Analysis Connectivity Infrastructure Project Details 6 7 8 9 Key Highlights Unit Details Payment Plan Market Analysis
DEVELOPER PROFILE Reportage Properties was established as a single entity in 2014 by Al Khamis and other shareholders including the Al Khoori Family with more than 30 years of international experience in property development and construction. The Al Khoori family is exclusive distributor of Rolex watches in GCC region. The Reportage Group started their first project in Abu Dhabi and have subsequently grown in structure, size and number of projects. Now, it is a much larger conglomerate with several companies in the group under “Reportage Properties LLC”. Currently, even Government of Abu Dhabi is also one of the stakeholders with Reportage Properties. The aim is to provide innovative environmentally sustainable housing solutions by developing and delivering property in Abu Dhabi which ofers investors outstanding value, timely delivery and creating homes with unrivalled standards of living from a household brand you can rely on. They have already delivered one of the finest properties in Abu Dhabi- Leonardo Residences in Masdar City and amongst their upcoming properties are Oasis Residence One, Oasis Residence Two, The Gate, Al Raha Lofts 1, Al Raha Lofts 2 and many more. Reportage Properties, one of the leading real estate company based in Abu Dhabi in unveiling properties in Dubai as well. Page - 1
MICRO-MARKET ANALYSIS- WHY JEBEL ALI Strategically located on the Sheikh Zayed Road, Jebel Ali ofers a platter of residential, ofce and retail spaces and amenities and hence a diverse investment opportunity. Over the period of last few years Jebel Ali has developed as Dubai’s largest employment and commercial hub. Almost 30-40% of the total working population of Dubai is employed in and around this location. However, residential options in the location are limited to a handful of residential projects. These are also mostly completely occupied. Thus, there is a severe demand and supply mismatch. Any new residential project in the location hence poses a very lucrative investment opportunity. Due to the huge working population, there will be no dearth of demand for residential units. In addition, the social infrastructure in and around the location is well established. The location ofers seamless connectivity to the airports and has a metro station in the vicinity. Rental values in the location varies from AED 50,000-60,000 annually for a 1 Bedroom apartment while a studio can fetch you an annual rent of approximately AED 40,000-45,000. Capita values in the existing projects varies from AED 450,000 -1,000,000 approximately. Thus, for a studio priced anywhere between AED 400,000-450,000 you can get an annual rental ROI of 7-8%. Page - 2
CONNECTIVITY Ibn Battuta Mall Emirates Global Aluminium Emirates Global Aluminium Jebel Ali Container Terminal 2 Festival Plaza City ???? ????? ENOC Processing Company ENOC Situated on Sheikh Zayed Road and just walking distance from UAE Exchange Metro Station makes it a location which is in high demand. Close to Al Maktoum International Airport and Jebel Ali Free Zone, Downtown Jebel Ali ofers a compelling blend of investment opportunities. JEBEL ALI FREEZONE Mars GCC Palm Jebel Ali ???? ??????????? Dabur International MINA JEBEL ALI Modern Freight Company 5 mins walk to UAE Exchange Metro Station 9 mins drive to Marina 10 mins drive to Expo 2020 10 mins drive to IBN Battuta Mall 13 mins drive to Al Maktoum Airport UAE EXCHANGE METRO STATION ????????????? Bridgestone Milddle East & Africa Unilever Gulf FZE Aggreko Middle East & North Africa Aggreko Middle East SHEIKH ZAYED ROAD DAMAC Maison De Ville Breeze Bollywood Parks Dubai The Outley Village By Meraas Last Exit Jebel Ali South by Meraas ??????????? ????????? To Abu Dhabi AL MAKTOUM INTERNATIONAL AIRPORT Page - 3
INFRASTRUCTURE Convenient access to Sheikh Zayed Road Palm Jebel Ali Dubai Expo 2020 UAE Exchange Metro Station lbn Battuta Mall Page - 4
PROJECT DETAILS Reportage, one of the largest private developers in Dubai, brings to you their latest offering-Alexis Tower in Jebel Ali, Dubai. With an aim to promote the walk-to-work culture, the project forms a part of the very limited residential inventory in the otherwise commercially driven location of Jebel Ali. The project offers a price range of AED 450,000-780,000 Studios, 1 and 2BHK units from 293-1176 sq. ft. (carpet) Total number of units – 370 approximately Located in Jebal Ali on Sheikh Zayed Road Walking distance from UAE Exchange metro station Flexible Payment Plans to suit your investment needs Guaranteed rental @8% for 5 years Expected ROI 20% once ready Expected possession by September 2022 Page - 5
KEY HIGHLIGHTS Landscaped Gardens Swimming Pool Kids Swimming Pool Retail Areas Covered Parking Gymnasium 4 Large Lifts Page - 6
UNIT DETAILS The product mix we have in our project is as follows: Configuration Carpet Area Pricing (AED)* Inventory Studio 265 293-667 sq. ft. 450,000 1 BHK 92 551-795 sq. ft. 580,000 2BHK 13 820-1176 sq. ft. 780,000 *This is the property price as on 28/03/2020 and will be updated if it is revised in the future by the developer. There are certain units available at distress pricing, please contact Square Yards Representative for more information Page - 7
PAYMENT PLANS Rental Guarantee Payment Plan Listed Price AED 500,000 60% during construction and 40% at handover (8% rental guarantee for 5 years) Stages of Construction % Due as per CLP Amount to be paid (AED) For the first time in the history of real estate in Dubai, the developer is offering a payment plan that provides 5 years advance rent at an annual rate of @ 8% at the time of handover. The buyer has to pay 60% of the amount during construction and 40% at handover as explained below. The total cost of the unit is taken as AED 500,000 for ease of calculation: At the time of signing the Agreement 12% 60,000 2% every month for the next 24 months 48% 240,000 On Handover (This amount will be adjusted by the developer as the advance rent for 5 years) 40% 200,000 This efectively means: Total payment 100% 500,000 You can either choose to pay the total amount at handover and get rent for the next five years or You can get the final payment adjusted at the time of handover. So, you effectively pay AED 300,000 and forgo the rent. Rent received from Developer (AED) 40,000 40,000 40,000 @8% Guaranteed Rent for 5 Years 60% during construction and 40% after 5 years of handover 40,000 In this plan the buyer has to pay 60% of the total amount during the construction phase. The buyer need not pay any amount at possession. The remaining 40% of the amount is to be paid 2-5 years after possession. 40,000 Total Rental ROI earned 200,000 *This is the payment plan as on 28/03/2020 and will be updated if it is changed in the future by the developer. Page - 8
MARKET ANALYSIS- ALEXIS TOWER VS OTHERS As is clear from the table below, Alexis Tower is the only under-construction project in the area at present. Other projects are largely sold out and hence only resale is available. Compared to other projects, Alexis Towers also ofers a more economical price range without compromising on the luxurious amenities. Compared to other options in the market, the project reaches out to a wider buyer base with unit sizes varying from 293-1176 sq. ft. As compared to Damac Suburbia, Alexis Towers is at a walkable distance from the nearest metro station, which is an added advantage. STATUS DEVELOPER NAME PROJECT NAME BHK Unit Size PRICING Azizi Ready Aura Residence 1 BHK 696-1162 sq. ft. AED 480,000 onwards Damac Ready Suburbia 1, 2, 3BHK - AED 1,304,000 Reportage Under construction Alexis Tower Studio, 1, 2 BHK 293-1176 sq. ft. AED 450,000-780,000 *This is the property price as on 28/03/2020 and will be updated if it is revised in the future by the developer Page - 9