Reportage set to hand over three Abu Dhabi projects in 2021
ABU DHABI, July 25, 2020
Reportage Properties, a leading UAE real estate developer, has announced that steady progress is being made on its key projects in Abu Dhabi and Dubai.
Eight new projects are coming up in the UAE, including 6 in Abu Dhabi, located in the most important investment areas such as Masdar City, Al Raha Beach and Al Maryah Island, as well as two projects in Dubai, said the Emirati developer in its statement.
According to Reportage, three key projects in Abu Dhabi - Al Raha Loft 1 and Al Raha Loft 2 at Al Raha Beach and Al Waha Residence 1 at Masdar City - will be handed over next year, thus adding 900 new housing units to the emirate.
The construction works on its Al Raha Loft 1 project, which offers 164 housing units, has reached 62%, while the 110-unit Al Raha Loft 2 is 68% completed. The company is expected to deliver both these projects during the first half of 2021, it stated.
Work is progressing well on the company's projects in Masdar City, where 54% of the "Oasis Residence 1" project, which provides 612 apartments, has been completed. It is expected to be delivered during the second quarter of 2021.
whereas about 15% of the "Oasis Residence 2" was completed.
On its other Masdar City project, Reportage said 15 per cent of the work has been completed on Oasis Residence 2 project, which boasts 304 housing units. It is on track for delivery during the second quarter of 2022.
CEO Nasser Al Khamis emphasised on the Emirati developer's commitment to complete these projects on schedule, despite the challenges associated with the outbreak of Covid-19.
"Al Raha Loft 1, Al Raha Loft 2 and Al Waha Residence 1 will be completed next year, while the remaining projects are set to be handed over in 2022 and 2023," he stated.
COO Islam Ahmed Suleiman said work is also moving at a steady pace on four of its recently launched projects - "The Gate" in Masdar City, and "Almaryah Vista" on Al Maryah Island in Abu Dhabi, as well as "Rakan" and "Alexis" in Dubai.
On its Dubai projects, Suleiman said the work on Rakan, its 349-villa development coming up in the Dubailand area, is moving at a steady pace.
According to him, 12% of the Phase I of the project has been completed and is expected to be delivered by the second quarter of 2022.
On the Alexis Tower project, Suleiman said that about 15% of the work on the recently launched Downtown Jebel Ali development has been completed. The project, which boasts 370 luxury housing units, is likely to be delivered by the last quarter of 2022.-TradeArabia News Service
