One Dubai developer does away with down payment – will others follow?

Dubai: No down payment – that’s the latest marketing tool being used in Dubai’s property market. At least one developer is doing so.

Reportage Properties is eschewing all down payments for its Alexis Tower units – located in Downtown Jebel Ali on Shaikh Zayed Road – as a special offer.

Instead, buyers for the studio units, priced from Dh399,000, will have to commit to paying Dh8,000 a month. The high-rise – opposite the UAE Exchange Metro Station – offers 378 units.

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