Reportage Properties, the leading UAE real estate developer, revealed that sales exceeded Dh892 million from January to July 2021, compared to Dh424 million in the same period of 2020, a growth of about 110 per cent.
The sales day, which was organized by the company last Saturday in Dubai, resulted in Dh16 million of sales amid high demand for housing units of Reportage Properties projects, led by the Rukan Lofts in Dubai, as well as the Montenapoleone project, which the company launched recently in Mustakbal City in New Cairo, Egypt.
Reportage Properties recently revealed the addition of new units in the "Rukan Lofts", which is being developed in the "Dubailand" area in cooperation with "Continental Investment Company". The move came after the company sold all the units of the project, which is to be delivered next year.
The "Rukan Lofts" project includes about 654 residential villas, while the "Rukan Tower” provides about 488 housing units, distributed between studios, one-, two- and three-bedroom apartments.
The new units were launched at prices starting from Dh695,000 for a townhouse consisting of one room and a hall, and Dh995,000 for a two-room townhouse.
Islam Ahmed Suleiman, CEO of Reportage Properties said that Reportage's strong sales during the current year reflect the company's ability to meet the requirements of its customers, the attractiveness of their projects, as well as the strength and stability of the UAE real estate sector performance and its ability to overcome the challenges associated with the repercussions of the “COVID-19” pandemic.
Reportage Properties sales during 2020 exceeded Dh812 million, a growth of 125 percent compared to 2019.
Suleiman noted that the launch of new units of the "Rukan Lofts" project came after the company achieved strong sales, amid a significant increase in demand, especially in light of the competitive and attractive prices offered to buyers.
He pointed out to the importance of launching the "Montenapoleone" project, which is their first project outside the UAE, in confirming the stability and strength of the company's financial position, and its ability to develop more new projects inside and outside the UAE.
He explained that the sales day organized by the company recently received great demand for housing units in all of the company's projects, especially "Rukan Lofts" and "Montenapoleone", as well as the "The Gate" project in Abu Dhabi. That was due to the availability of attractive offers for buyers in all projects.