70% of bidders selected the “Rent Now” option at a premium of 60% above the market value.
Alphabeta Properties has changed the real estate market with the astounding success of M77, the first-ever rental auction property in Dubai. In a groundbreaking achievement, all units on the rental auction in M77 were fully booked within a mere two weeks of the rental auction, establishing a new benchmark in the Dubai real estate landscape.
Despite the competitive market, an impressive 70% of bidders opted for the 'rent now' option, securing their residences at M77 at a premium of 60% above the market value. This resounding success demonstrates the effectiveness of Alphabeta Properties' innovative approach to resident selection.
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 prospective 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.
Alphabeta Properties remains committed to pioneering innovative solutions in Dubai’s growing real estate market, and the success of M77 reinforces its position as an upcoming leader in property development.
About Alphabeta Properties:
Founded by Emirati entrepreneur, Abdulla Al Shaibani, Alphabeta Properties is at the forefront of the region's rapidly growing real estate market, bringing a contemporary and aesthetically driven approach to property development. The properties are designed with the active and modern lifestyles of the new generation in mind, with a strong emphasis on providing customers with innovative concepts across all their projects.
With a prestigious portfolio, including iconic projects such as Alphabeta T-10 in the heart of Al Barsha 1, Alphabeta C-6 in the thriving neighborhood of Al Safa 1, Alphabeta M-3, and Alphabeta G-4, the unwavering dedication to client satisfaction ensures that every development meets the needs of active lifestyles. Experience a new world of modern innovation, and excellence in Dubai's real estate market with Alphabeta Properties.
