KHALEEJ TIMES, Tuesday, Sep 7, 2021 | Muharram 30, 1443
Reportage sales exceed Dh1 billion in 8 months of 2021
Emirates:
Reportage Properties on Monday said its
sales surged 105 per cent this year as the prices rose due to increase in demand
from the investors worldwide.
In a statement, the Abu Dhabi-based property firm
said it recorded Dh1 billion sales during the first eight months of 2021
compared to Dh488 million in the same period last year.
Islam Ahmed Suleiman, CEO, Reportage Properties,
said that the increase in sales is a remarkable achievement this year despite
the challenges imposed by the repercussions of the Covid-19 pandemic.
“The triple-digit sales growth reflects the
stability of the company's conditions and the strength of their financial
position, as well as their success in making attractive offers .The various
facilities of the projects also give the sales an additional boost,” Suleiman
said.
Reportage Properties is developing 12 projects in
the UAE, providing about 6,000 housing units in Abu Dhabi and Dubai. It recently
launched the Al Maryah Vista 2 project, which will provide 588 new housing units
on Al Maryah Island in Abu Dhabi, with prices starting from Dh329,000 a unit.
Suleiman confirmed that the company continual
sales growth represents a strong indication of the improvement of activity in
the real estate market, and the start of the sector's recovery from the
repercussions of the pandemic.
Reportage Properties achieved Dh812 million during
2020, reflecting a growth of 125 per cent compared to 2019.
Suleiman pointed out that the construction works
of all the company's projects is gaining progress, in preparation for the units
to be handed over to buyers on the schedule, which enhances the investors'
confidence .