01 September 2019

Abu Dhabi-based Reportage Properties, a leading real estate developer, said 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 projects are located in leading investment areas in Abu Dhabi such as Masdar City and Al Raha Beach, he added.

Khamees stressed the company’s commitment to complete all its projects as scheduled, which contributes to enhancing investors’ confidence in the projects, and attracts more investors to the real estate sector in Abu Dhabi.

The CEO said that the company would start delivering the units at Oasis Residence 1 project in Masdar City during the first quarter of 2021, where construction is making remarkable progress as 25 per cent of the work has been completed. The project, which covers a total area of 8,371 sq m, provides 612 apartments, with 310 studios, 256 one-bedroom apartments, 44 two-bedroom apartments, two three-room apartments.

Reportage Properties is also in the process of handing over units in Oasis Residence 2 project in Masdar City, which will see the delivery of a total of 300 residential units by the second quarter of 2022. It Some 420 units in the Gate project in Masdar City will be handed over during the second quarter of 2022.

The company is keen on developing new projects in Masdar City, where many residential, retail and office buildings are under construction. 

Khamees also noted that construction work on Al Raha Beach projects is in progress with more than 20 per cent having been completed. The company is developing Al Raha Loft 1 project with 164 units, including 14 studios, 96 one-bedroom apartments and 31 two-bedroom apartments over a total area of 6,663 sq m.

Work is also under way at Al Raha Loft 2 which offers 110 apartments, including 22 studios, 52 one-bedroom apartments, 24 two-bedroom apartments and 12 three-bedroom apartments. It covers an area of 5,364 sq m.

“The work at Al Raha Loft 1 and Al Raha Loft 2 exceeds 28 per cent, and its 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.

Khamees said that Reportage Properties has recently completed the delivery of units in Leonardo Residence project in Masdar City, which provides 177 apartments, including 122 studios, 48 one-bedroom apartments, 16 two-bedroom apartments, and one apartment with three bedrooms. The total area of the project is 4,250 sq m.  

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