Reportage Properties, the leading real estate developer in the UAE, revealed sales of more than Dh500 million since the beginning of 2021, with a growth rate of more than 200% compared to the first four months of 2020 sales of Dh165 million.
Reportage Properties is developing 11 projects, providing about 5,000 housing units within the most important investment sites in Abu Dhabi and Dubai, in addition to a project that has been completed and delivered in Masdar City in Abu Dhabi.
The list of Reportage projects is divided into 8 projects in Abu Dhabi, in the areas of Masdar City, Al Raha Beach, Al Maryah Island and Yas Island, in addition to 4 projects in Dubai.
Sales during the first quarter of this year amounted to about Dh369 million, compared to Dh132 million during the first quarter of 2020, with a growth rate of 180%.
Islam Ahmed Suleiman, CEO, said that achieving strong sales despite the challenges associated with the repercussions of the "Covid-19" pandemic during the current year, reflects the company's strong performance and the attractiveness of its projects, as well as the robustness and stability in the UAE real estate sector.
Reportage Properties sales in 2020 totaled Dh812 million, an increase of 125% compared to 2019.
Suleiman confirmed that the company launched new projects in 2020, both in Abu Dhabi and Dubai, which attracted a variety of buyers, especially in light of the company's interest in providing easy payment methods and special offers.
Achieving strong sales despite the challenges associated with the repercussions of the Covid-19 pandemic during the current year, reflects the company's strong performance and the attractiveness of its projects, as well as the robustness and stability in the UAE real estate sector.
He said that construction works continues in all Reportage Properties projects despite the challenges of “Covid-19” pandemic.
The company stress their commitment to complete projects on schedule to enhance customer confidence, which help also in boosting demand.
The list of "Reportage Properties" projects in Abu Dhabi includes "Al Raha Lofts 1", which provides 178 residential units, and "Al Raha Lofts 2", which adds 124 residential units, both projects are within the Al Raha Beach area.
In Masdar City, the Oasis Residence 1 is being developed to provide 612 apartments, the Oasis Residence 2 includes about 304 housing units, as well as the The Gate that adds 463 apartments, while the Leonardo Residence project, which was delivered about two years ago and included 177 apartments .
On Al Maryah Island, Reportage Properties is developing the Al Maryah Vista project, providing 786 housing units. The company also recently unveiled the Diva project on Yas Island, which will provide 736 housing units.
In Dubai, Reportage Properties is developing Alexis Tower on Sheikh Zayed Road in the Downtown Jebel Ali area. It provides 378 luxury residential units. Rukan tower, in the Dubailand area, which is being developed in cooperation with Continental Investment Company, will add about 488 housing units, Rukan Lofts 1 includes about 349 residential villas, and Rukan Lofts 2 provides about 305 villas.