Reportage Properties reports over $326mln sales in H1

Reportage Properties reports over $326mln sales in H1

Reportage Properties, a leading UAE real estate developer, announced sales of Dhs1.2 billion during the first half of this year, compared to Dhs704 million during the first half of 2021, showing a growth of 70 per cent.

Islam Ahmed Suleiman, CEO, Reportage Properties, said that the company continued its strong performance during 2022, after 2021 sales of Dhs1.6 billion, with a growth of up to 100 per cent compared to 2020, which reflects Reportage’s ability to keep pace with market changes, and their flexibility to challenges while continuing to launch new projects that meet customer needs and requirements.

Suleiman explained that the company launched their new “Verdana” project in the first half of this year within the Dubai Investments Park. The new project consists of 305 luxury townhouses, with four rooms each and areas ranging between 2,730 and 3,855 square feet. The Verdana was of great direct response from buyers.

The project extends over an area of 500,000 square feet and includes many facilities and services, such as swimming pools, a gym, private parking for each unit, and various green spaces.

Suleiman stated that the company organized four successful sales events in 2022, during which the sales team managed to sell 197 housing units,