Five"Reportage Properties" projects add 1,600 residential units in Abu Dhabi in 3 years

Saturday 24 August 2019
Nasser Al Khamees, CEO of Reportage Group of companies
Abu Dhabi - MENA Herald:

"Reportage Properties", an Abu Dhabi-based leading real estate developer,  revealed that it is ready to hand over five new developments in Abu Dhabi within two to three years.

"The five projects offer more than 1,600 new housing units for the Abu Dhabi market," said Nasser Al Khamees, CEO of  Reportage Group of companies." The five projects are located in leading investment areas in Abu Dhabi such as Masdar City and Al Raha Beach", he added

Mr.Khamees stressed the company's commitment to complete all its projects as scheduled, which contributes to enhance investor confidence in the projects, and attracts more investors to the real estate sector in Abu Dhabi. The sector is boosting  stability amid positive signs of improved activity , with the adoption of further measures,laws and legislations that stimulate investment.

Khamees said that the company will start delivering the units at "Oasis Residence 1" project in  Masdar City during the first quarter of 2021, where construction is in remarkable progress as 25% of the work has been achieved. The project provides 612 apartments, with 310 studios, 256 One-room apartments, 44 two-room apartments, two 3-room apartments. The total area of  the project is ​​8,371 square meters.

The company is also in the process of handing over the units in" Oasis Residence 2 "project in Masdar City, which will provide about 300 residential units during the second quarter of 2022. They will also hand over the units of " Gate" project in Masdar City, which will be started soon and will provide about 420 units during the second quarter of 2022.

The company is keen on developing new projects in Masdar City, one of the most sustainable cities in the world , providing sustainable services to the population. The city contains  significant developments where many residential projects are under construction, as well as retail and office buildings. There are also some sustainable housing solutions that contribute to the saving the environment and are in line with the Sustainable Development Goals.

Mr. Khamees  noted also that construction work on "Al Raha Beach" projects is  in progress with more than 20% has been achieved. The company is developing " Al Raha Loft 1 "project with 164 units, including 14 studios, 96 one-bedroom apartments and 31 two-bedroom apartments. The total area is 6,663 square meters. "Al Raha Loft 2" with  110 apartments, is in the process , including 22 studios, 52 one-bedroom apartments, 24 two-bedroom apartments and 12 three-bedroom apartments. It has an area of ​​5,364 square meters.

"Work at "Al Raha Loft 1" and "Al Raha Loft 2" exceeds 28%  and units are expected to be delivered during the first half of 2021," said Khamees, adding that the two projects include retail spaces and facilities and services such as swimming pools, jacuzzi, gym and tennis court.

He pointed out that the company is interested in studying distinct investment opportunities in Abu Dhabi, where it is considering developing new projects in a number of distinct investment areas on Al Maryah Island, Al Reem Island and Yas Island."Reportage Properties" is interested in  developing high quality projects and providing distinctive and unconventional services to customers.

Khamees said that the company has recently completed the delivery of  units in «Leonardo Residence» residential project in Masdar City, which provides 177 apartments, including 122 studios, 48 ​​one-room apartments, 16 two-room apartments, and one apartment with three rooms. The total  area of the project is ​​4,250 square meters.

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