Staff Report,
UAE, Dubai
Alphabeta Properties, a renowned real estate developer in UAE, has recorded full booking of all the units within two weeks on the rental auction in M77. Despite the competitive market, 70 percent of bidders opted for the ‘rent now’ option, securing their residences at M77 at a premium of 60 percent above the market value.
Abdulla Shaibani, CEO of Alphabeta Properties, expressed his delight at the unprecedented achievement, stating, “The rental auction was a massive success but also exceeded expectations. M77 has redefined the dynamics of absolute living in Dubai, and the overwhelming response showcases the trust and confidence that our bidders had in Alphabeta Properties.”
While the units are fully booked, Alphabeta Properties recognizes the continued interest in M77 and encourages tenants to reach out. A waiting list will be maintained to accommodate any cancellations, providing an opportunity for those who missed the initial booking phase.
Following its success, Alphabeta Properties’ novel approach to selling properties will attract high-end investors and eventually contribute to the the multi-faceted, booming real estate market of Dubai.
Ends
Also read: Alphabeta unveils M77 residential project in Meydan Avenue
