Cityscape Global: Developer’s turn to issue cheques to property owners

Focus is on rental guarantee schemes to boost buyer interest as projects near completion.

Sun & Sand Developers is to sign on the dotted line and issue four cheques a year to buyers who want to sublease their units at its SunCity project in International City Phase 2, next to Dubai Silicon Oasis. “We will sublet the apartment and start offering 5 per cent net RoI (return on investment) of the property’s value to the owner,” said Sailesh Israni, Managing Director.

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