Dubai South Properties offers 10-year rent-to-own scheme
Easy exit terms and no commitments to purchase put renters on the property ladder without an initial financial investment
UAE-based master-developer Dubai South Properties has launched a 10-year rent-to-own scheme for new tenants of The Pulse within its Residential District, as part of its commitment to offer affordable and flexible solutions to residents.
Families or individuals looking to rent can now opt to make quarterly payments towards their unit, while living in it, which will contribute towards full ownership after a period of 10 years.
With easy exit terms and no commitment to purchase, the scheme helps put individuals on the property ladder without the initial financial investment typically required.
In addition, those choosing to avail the offer will receive two months of free rent at the start of their contract.
With the launch of its flagship development, The Pulse, the master developer has witnessed continuous growth in demand, with more than 800 apartments and townhouses already handed over.
The Pulse offers green walkways, jogging and cycling tracks, eight gyms, eight swimming pools, and a central park.
Commenting on a first-of-its-kind rent-to-own scheme, Dubai South Properties’ Mohammed Al Awadhi, said: “Given the current environment, we are highly conscious of the challenges faced by many and have created a scheme that gives tenants the assurance of owning their own property without any major up-front investments.”
Dubai South’s Residential District has already proven to be a popular locale for those working in the area, particularly with the promising Expo 2020 development located just five minutes away, according to the state-run news agency, Wam.
Residents of The Pulse will also be able to enjoy a vast range of retail outlets, starting with Grand Express Supermarket, which opened its doors in June 2020.
Upcoming retail brands and additional convenience stores, set to open soon, include a barbershop, a ladies' salon, a grocery store, and a laundry service, with a number of restaurants and cafes expected to open by end-2020.