29, 2011
Sorouh Real Estate said, ''The offer was the first of its kind in Abu Dhabi. Tenants of Sun Tower will have the right to own their apartment after 3 years of leasing and can convert 90% of the rent paid into equity. 1, 2, & 3 bedroom apartments are available, with rents starting at AED 89,000 which can be paid in 4 cheques."
The project name Sun Tower. It's on Al Reem Island, which at 65 storeys is among the tallest building in Abu Dhabi. Sun Tower has nearly 680 residential units, of which 85 per cent has been pre-sold.
Mr. Paul Middleton, ED ( Sales & Marketing), Sorouh Real Estate, said: "Sorouh's rent-to-own offer is a unique and very exciting initiative, and we are proud to continue to be the first to deliver innovative products to market for our customers. We expects to complete projects worth AED13 billion ($3.54 billion) with delivery of some 7,000 units by 2014"
Abu Dhabi based developer Sorouh Real Estate, recently announced a new 'Rent to Own' scheme for customers which gives tenants the option of buying their property after 3 years.
Sorouh Real Estate said, ''The offer was the first of its kind in Abu Dhabi. Tenants of Sun Tower will have the right to own their apartment after 3 years of leasing and can convert 90% of the rent paid into equity. 1, 2, & 3 bedroom apartments are available, with rents starting at AED 89,000 which can be paid in 4 cheques."
The project name Sun Tower. It's on Al Reem Island, which at 65 storeys is among the tallest building in Abu Dhabi. Sun Tower has nearly 680 residential units, of which 85 per cent has been pre-sold.
Mr. Paul Middleton, ED ( Sales & Marketing), Sorouh Real Estate, said: "Sorouh's rent-to-own offer is a unique and very exciting initiative, and we are proud to continue to be the first to deliver innovative products to market for our customers. We expects to complete projects worth AED13 billion ($3.54 billion) with delivery of some 7,000 units by 2014"
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