Reportage Properties sales surge 107% in first half as demand surges

Reportage Properties on Monday said its first-half deals flooded 107% to Dh704 million as the financial backers and end-clients bought private units in the midst of dread of rising property costs. 

Islam Ahmed Suleiman, CEO of Reportage Properties, said that the strong deals during the principal half of this current year mirrored the superior and the allure of the organization's undertakings, just as the strength and security of the UAE land area and its capacity to beat difficulties identified with the repercussions of the Covid-19 pandemic. 

Reportage Properties accomplished deals of Dh812 million out of 2020, a development of 125% contrasted with 2019. 

The organization's land incomes bested Dhs22 million during a business day occasion that was coordinated toward the beginning of July in Abu Dhabi. 

Reportage Properties is creating 11 activities, giving around 5,000 lodging units inside the main venture locales in Abu Dhabi and Dubai, notwithstanding an undertaking that has been finished and conveyed in Masdar City in Abu Dhabi. 

Suleiman highlighted the advancement of development works in all tasks, regardless of the difficulties of the pandemic. He affirmed the obligation to finish the undertakings on time, which supported their client's certainty, and added to the boosting request. 

He underlined the significance of the new dispatch of the 'Montenapoleone' project, which is the organization's first task outside the UAE. The move mirrors the solidness and strength of the organization's monetary position, and its capacity to foster all the more new ventures inside and outside the UAE. 

Sulieman focused on the popularity from enormous fragments of clients to private units in the undertaking, particularly considering the wonderful positive advancements in the Egyptian land area presently.

Source: Khaleej Times