Rakan tower taking shape in Dubailand will offer 488 housing units.

Reportage Properties says work is currently under way on 10 key projects which will add about 4,000 new housing units to the UAE real estate market. Of these, six are in Abu Dhabi and rest in Dubai.

These include Al Raha Lofts 1, providing 178 residential units, and Al Raha Lofts 2, which adds 124 residential units, within the Al Raha Beach area of the UAE capital.

In Masdar City in Abu Dhabi, the Oasis Residence 1  will add 612 apartments, while the Oasis Residence 2 boasts about 304 housing units, as well as The Gate project that adds 463 apartments.

On Al Maryah Island, Reportage Properties is developing the Al Mariah Vista, providing 786 housing units. Besides this, the company also recently revealed a new project which is set to come up on Yas Island.

In Dubai, Reportage Properties is developing the Alexis Tower project in Downtown Jebel Ali, which provides 378 luxury residential units, as well as the Rakan tower in the Dubailand area, which provides about 488 housing units.

Rakan Lofts 1 includes about 349 residential villas, and Rakan Lofts 2 provides about 305 villas, it states.

To woo investors, the Emirati developer is offering a 10 per cent discount to buyers in all of its projects in Abu Dhabi and Dubai, without any down payment.

They only have to pay one per cent monthly instalments during the construction period and the remaining amount upon handover.

 The other key attraction for the buyer is the exemption from service fees for a period of 10 years.