Project was launched following an intensive study of market requirements
Developer Reportage Properties has launched a new residential project in Masdar City, Abu Dhabi. Construction is already said to have begun on ‘The Gate’, with project delivery scheduled for the second quarter of 2022.
The 10 storey, 528,000sqft building includes 200 studios, 144 one-room and lounge apartments, 94 two-room apartments, and seven three-room apartments, in addition to two four-room apartments, which will be located next to 16 townhouse units.
Nasser Al Khamis, CEO of the Reportage Group of Real Estate Companies said that the launch of this project follows a thorough study of market requirements. He noted that there is high demand for buying real estate in Abu Dhabi and specifically for projects that are of high-quality.
He also said that the stability of the real estate market in Abu Dhabi thanks to recent investment incentives and the approval of laws regulating the market encourages the launch of new projects.
Additionally, Al Khamis noted that the launch of ‘The Gate’ follows the delivery of the ‘Leonardo Residence’ project in Masdar City at the beginning of last year. The company is also working on other projects in Masdar City, namely Oasis Residence 1 and Oasis Residence 2, which will offer 612- and 304-units respectively.
Reportage Properties also has two projects in the Al Raha Beach area in Abu Dhabi, the Al Maryah Vista project on Al Maryah Island, and the Rukan Lofts project in Dubai.