Reportage launches its first project outside UAE

  • Date: 11-Jun-2021
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Reportage launches its first project outside UAE

Islam Ahmed Suleiman, CEO at Abu Dhabi-based Reportage Properties, said that the launch of the first project outside the UAE reflects the company's strong financial position, the stability of its business model, and its ability to expand and develop many new projects in various regions. He also confirmed the company's ambitious future plans of growth and expansion in new regions through the next few years. The CEO focused on Reportage Properties abilities to benefit from the vast expertise they achieved over the past years through developing many high quality projects in the UAE, in expanding to new markets in the region. Sulieman noted that forays into the Egyptian market came after an in-depth study of the Egyptian real estate sector, which showed remarkable growth in recent years. Montenapoleone development, which include 5,500 housing units, will be built on an area of 465,000 square metres. The project also provides an innovative fully-finished townhouses, in addition to apartments with distinct areas, starting from one to four bedrooms. Expected project sales may reach Dh2,83 billion and units hand over will start by the end of fourth quarter of 2025. Reportage Properties said that ownership of apartments and duplex flats in the project is