Officials of real estate companies in Sharjah said that they recently offered new facilities for monthly payments to investors when buying real estate, at rates of less than or less than 1% of the value of the property, which supports stimulating demand and is in line with market changes.
They pointed out to «Emirates Today», on the sidelines of participation in the real estate investment exhibition «Ikris 2020», which ends its work on Saturday at the Expo Center Sharjah, that the monthly easy payment offers are competitive between companies in the markets today, as they meet the needs of investors, noting that Diversity in new projects recently presented, along with a price correction, supports the buying of real estate.
Motivational offers
In detail, the executive director of leasing and sales affairs in the “Al Mamsha” project, which is affiliated with the “Alf” group, Jamal Al Shawish, said, “Finally, the group presented to investors incentive offers for easy monthly payments, which is less than 1% per month, reaching 0.75% , And it is one of the offers that suit the needs of investors and the changes of the current markets, ”pointing out that" the facilitated monthly payments are one of the directions that are currently expanding between a number of real estate companies in the emirate. "
He added that «the price correction of some real estate in Sharjah markets, lastly, is one of the factors that boosted the demand for buying residential real estate units, and increased competitiveness between companies in offering offers of monthly easy payments, which contributed to the continued positive demand for the purchase, especially with the suitability of those offers With different classes of investors. ”
Monthly payments
For his part, Director of Real Estate Services Department at the “Asas” Real Estate Company, Amer Al-Zarouni said, “The monthly easy payment offers, which amount to 1%, are among the most recent competitive phenomena witnessing expansion among real estate companies to attract investors, by offering facilities that are appropriate. With a greater number of customer segments, ”pointing out that the company offered monthly payments of 1% of the property’s value to a number of properties, which positively affected the stimulation and moving of demand, in addition to the diversity of real estate projects in the markets.
Payment plans
In turn, the Executive Director of the Sharjah Sustainable City project, Youssef Al-Mutawa, said that the project presented during the exhibition incentive offers for payment plans that extend to seven years on the purchase of real estate, and with easy monthly installments of less than 1%, which is one of the offers that suit With a large number of segments of investors ».
In turn, the Director of the Real Estate Registration Department in Sharjah, Abdulaziz Rashid Al Saleh, said, “Finally, the offers of facilities and soft payments offered in the markets, in addition to the diversity of projects, in a way that suits the different needs, and the inclusion of usufruct benefits for a number of projects, are factors that motivate Enhancing the demand for buying real estate units of various types in Sharjah markets during the recent period, especially in light of the competition between companies in providing offers of various facilities, providing different options and alternatives for investors.