Reportage begins construction on new townhouse project in Dubai
The company has expanded its existing portfolio of more than 6,000 units with the new upscale residential development
Reportage Properties has started construction work on its new project, Verdana, consisting of 305 townhouses located near the Green Community, Dubai.
Islam Ahmed Suleiman, CEO of Reportage Properties said the start of construction works on the project reflects Reportage’s commitment to continue handing over developments strictly on-schedule, enhancing investors’ confidence in the company’s projects, and in the real estate market in the UAE – which is currently enjoying rising values and a buoyant return to form.
The townhouses feature four rooms, a maid’s room, and a sky roof, and all units are all equipped with a private elevator – the first time that a feature of this kind has been available as a standard fitting across all properties in a villa townhouse development, the developer noted.
In March 2022, the developer said construction works had begun on its 5,500-unit ‘Montenapoleone’ project in Egypt.
The Verdana project is said to extend over an area of 500,000sqft, and includes many facilities and services such as swimming pools, a gym, private parking for each unit, and a landscaped green environment.
Reportage Properties’ sales are said to have topped $326mn during the first half of this year, compared to $191.6mn during the first half of 2021, representing significant H1 year-on-year growth of 70%.
The Reportage Properties portfolio in the UAE includes 14 projects, providing more than 6,000 housing units within investment sites in Abu Dhabi and Dubai. The company is currently developing eight projects in Abu Dhabi, in areas such as Al Raha Beach, Masdar City, Yas Island, and Al Maryah Island, along with five more in Dubai.
