Reportage Properties has recorded AED 900m in sales of its projects by the end of July, compared to AED 424m in the same period last year, with a growth rate of 110%.
Regional Head at reportage Egypt Hanna karam said that the company organised a sales day last week in Dubai, during which it registered sales of AED 16m. The company has seen a strong demand for its projects, foremost of which are Rukan Lofts project in Dubai and Montenapoleone project in Mostakbal City in east Cairo.
Karam added that the company has recently launched its first project in Egypt outside the UAE named “Montenapoleone” in Mostakbal City in New Cairo. The project is being developed in cooperation with Al Ahly – Sabbour Developments.
He noted that the project is set to be built on a total area of 465,000 sqm and comprises 5,500 housing units, besides, state-of-the-art fully finished townhouse including kitchen and dressing room.
Karam further elaborated that the project comprises apartments with distinct spaces ranging from one to four rooms, with the highest levels of luxurious finishing, with expected sales estimated at LE12bn, equivalent to AED 2.83bn. The project is expected to be delivered in the fourth quarter of 2025.
The company is developing 11 projects under construction, providing about 5,000 housing units in the most important investment sites in Abu Dhabi and Dubai, besides, a project that has been completed and delivered in Masdar City in Abu Dhabi.
Islam Suleiman, CEO of Reportage Properties, said, “The Continuity of generating strong sales in the current year reflects the company’s ability to meet requirements of its customers, in light of the project attractiveness, as well as the strength and stability of real estate sector performance in the UAE.”
Discussion about this post