He pointed out that the ongoing Israel-Gaza war will have economic implications affecting the region
uae1 hour ago
Reportage Properties has said its sales surged more than 200 per cent in first four months of this year, reflecting a strong rebound in real estate sector.
The Abu Dhabi developer disclosed sales of more than Dh500 million since the beginning of 2021 compared to Dh165 million in the corresponding period last year.
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 developments is divided into eight projects in Abu Dhabi, in the areas of Masdar City, Al Raha Beach, Al Maryah Island and Yas Island, in addition to four 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 180per cent.
Islam Ahmed Suleiman, CEO at Reportage Properties, 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 totalled Dh812 million, an increase of 125 per cent 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 of-fers.
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 also help in boosting demand.
— business@khaleejtimes.com
He pointed out that the ongoing Israel-Gaza war will have economic implications affecting the region
uae1 hour ago
The world's most populous nation began voting on April 19 in a seven-phase election in which nearly one billion people are eligible to vote
asia1 hour ago
Exploring the city is all fun and games until you realise you left your purse, wallet, or phone in a cab
life and living1 hour ago
More than 968 million people are eligible to vote this year, and electoral laws demand that each voter is no more than 2km away from a polling booth
asia1 hour ago
Ras Al Khaimah tourism has signed an agreement with Skyports Infrastructure to introduce air taxis in the emirate
transport1 hour ago
Embark on an exciting adventure this summer with your little ones
entertainment1 hour ago
A guide on the types of student visas, documents required and process to apply
life and living1 hour ago
The airport is just about an hour’s drive away from major cities in Dubai
uae2 hours ago