‘The Gate’ project due for completion in Q4, 2022 says Reportage Properties
Residential development construction area is spread over 528,000sqft
Reportage Properties has said that construction work is progressing at a steady pace on its The Gate residential development in Masdar City, in Abu Dhabi. Construction works are said to be 20% complete, with the developer noting that the project will be completed in Q4, 2022.
According to a statement, the residential project features 463 apartments split between 200 studios, 144 one-, 94 two-, seven three- and two four-bedroom apartments. 16 townhouses are also part of the project.
CEO Islam Ahmed Suleiman said the company was satisfied with the progress being made on construction works at all its projects as per the specified schedule.
“We are committed to handing over all the units in every project on time, in order to enhance investor’s confidence in Reportage Properties projects, and support the performance of the real estate sector in the UAE during this exceptional times caused by the COVID-19,” explained Suleiman.
The Gate has a construction area of 528,000sqft and features key services and amenities such as a gym, swimming pool, children’s play area, reception area and car-park.
Suleiman added that the real estate market in Abu Dhabi provides ideal opportunities for investors, especially in light of the availability of units at competitive prices, with easy payment plans.
The developer offered sales of units at the residential development at the start of the year, and notes that about 50% of the units have been sold so far.
