3. 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 offers 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.
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4. MICRO-MARKET ANALYSIS- WHY JEBEL ALI
Strategically located on the Sheikh Zayed Road, Jebel Ali offers a platter of residential, office 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
offers 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%.
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5. CONNECTIVITY
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Container
Terminal 2
ENOC
Processing
Company
ENOC
Ibn Battuta
Mall
Bollywood
Parks Dubai
The Outley
Village By Meraas
Last Exit Jebel Ali
South by Meraas
DAMAC Maison
De Ville Breeze
Aggreko Middle
East & North Africa
Aggreko Middle East
Bridgestone Milddle
East & Africa
Modern
Freight
Company
Dabur
International
Mars GCC
MINA JEBEL
ALI
JEBEL ALI
FREEZONEPalm
Jebel Ali
AL MAKTOUM
INTERNATIONAL AIRPORT
Festival Plaza City
Unilever Gulf FZE
UAE EXCHANGE
METRO STATION
SHEIKH ZAYED ROAD
To Abu Dhabi
Emirates Global
Aluminium
Emirates Global
Aluminium Jebel Ali
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 offers a compelling blend of investment opportunities.
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
6. INFRASTRUCTURE
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Palm Jebel Ali
Convenient access to
Sheikh Zayed Road
lbn Battuta Mall
UAE Exchange
Metro Station
Dubai Expo 2020
7. PROJECT DETAILS
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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
9. UNIT DETAILS
The product mix we have in our project is as follows:
Studio
1 BHK
2BHK
293-667 sq. ft.
551-795 sq. ft.
820-1176 sq. ft.
450,000
580,000
780,000
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*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
Configuration Carpet Area Pricing (AED)*
265
92
13
Inventory
10. PAYMENT PLANS
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Rental Guarantee Payment Plan
60% during construction and 40% at handover (8% rental guarantee for 5 years)
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:
*This is the payment plan as on 28/03/2020 and will be updated if it is changed in
the future by the developer.
12%
48%
40%
240,000
60,000
200,000
Listed Price AED 500,000
Stages of Construction % Due as per CLP Amount to be paid (AED)
At the time of signing the Agreement
2% every month for the next 24 months
On Handover (This amount will be adjusted by
the developer as the advance rent for 5 years)
100% 500,000Total payment
Rent received from Developer (AED)
40,000
40,000
40,000
40,000
40,000
@8%
200,000
Guaranteed Rent for 5 Years
Total Rental ROI earned
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.
60% during construction and 40% after 5 years of handover
This effectively means:
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.
11. MARKET ANALYSIS- ALEXIS TOWER VS OTHERS
Azizi
Damac
Reportage
Aura Residence
Suburbia
Alexis Tower
1 BHK
1, 2, 3BHK
Studio, 1, 2 BHK
DEVELOPER NAME PROJECT NAME BHK
696-1162 sq. ft.
-
293-1176 sq. ft.
Unit Size
AED 480,000 onwards
AED 1,304,000
AED 450,000-780,000
PRICING
Ready
Ready
Under construction
STATUS
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 offers 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.
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*This is the property price as on 28/03/2020 and will be updated if it is revised in the future by the developer