Reportage Properties is reportedly making steady progress on its major projects located in Dubai and Abu Dhabi. This UAE-based property developer has three projects ready to be handed over in 2021. These include Al Waha Residence 1 situated at Masdar City, Al Raha Loft 1 and Al Raha Loft 2, nestled in Al Raha Beach. This handover will add 900 new units in the region.
As per the firm, eight new projects are lined up to be developed in the UAE. Among them, six are located in some of the prominent investment localities in Abu Dhabi such as Al Raha Beach, Masdar City, and Al Maryah Island. The remaining two projects developed by this Emirati developer are located in Dubai.
Out of the three projects that will be handed over in the next year, Al Raha’s construction work reaches 62% completion. This project features 164 housing units. On the other hand, Al Raha Loft 2 has 110 units. The production of this project is 68% complete. Both these projects are expected to be completed and delivered during H1, 2021. These projects are already listed in numerous property finder portals in the UAE.
Other than above mentioned ones, the company also has projects located in Masdar City that are nearing the completion status. These include the Oasis Residence 1 and Oasis Residence 2. The former features 612 apartments while the latter has 304 units. On the work front, Oasis Residence 1 has reached 54% completion status and is set to be delivered in H2, 2020. Oasis Residence 2 will be delivered in Q2, 2020. The construction work of this project is 15% complete as of yet.
As per CEO of Reportage Properties, Mr Nasser Ali Khamis, the company is committed to complete and deliver these projects on schedule. Although they had to face challenges due to the COVID-19 outbreak, they are working hard to stick to the schedule.
Mr Islam Ahmed Suleiman, COO of Reportage Properties, states that the company recently launched four projects and a steady pace is maintained for their timely completion. Two of these projects (Rakan and Alexis) are located in Dubai and the remaining two (The Gate and Al Maryah Vista) in Abu Dhabi. Phase 1 of The Gate in Masdar City, Abu Dhabi is 12% complete and will be delivered in Q2, 2022.
The Alexis Tower is located in Downtown Jebel Ali and has reached 15% completion status. Expected to be delivered in Q4, 2022, it features 370 luxury units.
The completion of these projects will give more options to people looking for residential properties for sale in Abu Dhabi and Dubai.