This is to coincide with its participation at Cityscape Dubai 2008, which will be held from October 6 to 9, 2008 at the Dubai International Exhibition Centre (DIEC).
The company will unveil a payment plan for the project which requires a minimum initial deposit of 5%, 5% after 30 days, 10% after four months, 10% after eight months and 10% after 12 months from the date of reservation, with the remaining 60% to be paid upon completion of the tower.
Realty Capital will showcase its unique curvilinear TECOM Site-C development at Stand ME 30 at Hall 8 during the event.
“We realize how difficult it is for businesses to get the structural details and location they want given today’s highly competitive commercial property markets and rising operational costs. This is why we want to give our potential clients the flexibility to reserve while they handle the organizational aspects of moving to their units, and ease their payments as we move towards our 2010 completion date. This is a great opportunity for companies to be included in what will become one of the largest business towers in the region,” said Marwan Mansour, CEO of Realty Capital.
With a total area of 1.8 million square feet, i-Rise is poised to become one of the region’s largest and most active business towers. Realty Capital’s introduction of a similar payment plan in May 2008 was welcomed by several high-profile local and international property investors and helped boost sales beyond 60%. Upon completion, i-Rise will feature a specially-treated podium façade and will include executive and corporate offices, 19 high-speed elevators, restaurants, coffee shops, retail space, a fitness centre, a helipad, and a multi-storey car park.
Cityscape Dubai 2008 is the seventh edition of the world’s largest business-to-business real estate investment and development event. Last year, the prestigious trade show welcomed 51,855 professionals from 136 countries and 849 exhibitors to showcase their projects and services on 74,240 sqm of exhibition space. Cityscape Dubai will be open daily from 10 am to 7 pm during its four-day run.
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