Image Credit: Supplied

Under the patronage of the Egyptian Ambassador to the UAE, Sherif Mohamed Fouad Al-Badawi, Reportage Properties, is organizing a special sales day at the Sofitel Abu Dhabi Corniche Hotel, next Saturday, July 3, 2021.

The event includes the launch of "Reportage Properties" a special offer that includes special rates on the company's projects in the UAE, and special rates on the "Montenapoleone" project in Egypt, upon the buyer’s payment of a 10% as down payment.

Reportage Properties is developing 11 projects , providing about 5,000 housing units in the UAE, in addition to the Montenapoleone project, which the company recently launched in Mustakbal City in New Cairo, Egypt, and will be developed in cooperation with Al Ahly Sabbour, the leading developer in Egypt.

Sherif Mohamed Fouad Al-Badawi, Egyptian Ambassador to the UAE
Sherif Mohamed Fouad Al-Badawi, Egyptian Ambassador to the UAE Image Credit: Supplied

The"Montenapoleone",which will be built on an area of 465,000 square meters, and include 5,500 housing units, is the first "Reportage Properties" project outside the UAE. The project also provides an innovative fully-finished townhouse, in addition to apartments of distinct sizes, ranging from one to four rooms, with the highest levels of luxurious finishing.

The expected sales of the project, which is expected to be handed out by the fourth quarter of 2025, will amount to EgP12bn ( Dhs2.83bn).

Islam Ahmed Suleiman, CEO, said that the economic and trade relations between the UAE and Egypt are a model to be followed for Arab and regional state relations, that is evident in the continuous increase in joint investments between the two countries.

Suleiman stressed that the recent launch of the "Montenapoleone" project, which is their first project outside the UAE, reflects the stability and strength of the company's financial position, and its ability to develop more new projects inside and outside the UAE. He noted the strong demand on the residential units in the project from the majority of investors, especially in light of the positive developments witnessed by the Egyptian real estate sector in recent years.

Suleiman pointed to the fact that Reportage is interested in making many special offers, especially during sales events, which is well responded to by buyers, in light of the diversity of offers that suit large segments of customers.