“Reportage properties” launches “Al Maryah Vista 2” in Abu Dhabi
Abu Dhabi: Reportage Properties, the leading real estate developer in the United Arab Emirates, has announced the launch of its “Al Maryah Vista 2” project, which will provide 588 new homes on Al Maryah Island in Abu Dhabi, with prices starting at $ 329. 000 Dhs.
Islam Ahmed Suleiman, CEO, said that the launch of “Al Maryah Vista 2” comes after the success of “Al Maryah Vista 1”, highlighting the distinguished location of the two projects in the heart of a free zone, which provides a framework ideal possibility of life and investment.
Al Maryah Vista 2 consists of a 29-story tower that offers 588 apartments, as well as a commercial area, office space and covered parking with a capacity of 810 cars. The project will also include a mosque, swimming pool, gym and children’s play area.
About two years ago, Reportage Properties launched “Al Maryah Vista 1”, which comprises 772 units and covers a total built area of 958,000 square feet, and is expected to be distributed in the first half of 2024..
The CEO highlighted the distinguished location of Al Maryah Island in the center of Abu Dhabi city, which is home to many important facilities and offices, including Abu Dhabi International Financial Market, Cleveland Clinic Hospital Abu Dhabi, the Galleria shopping center and many new outlets. , fine restaurants and distinguished visitor centers.
Suleiman stressed that the continued launch of new projects by Reportage Properties despite the challenges imposed by the repercussions of the pandemic on the real estate sector, reflects the strength of their financial position, which is evident in the achievement of strong sales by the company at during this year and previous years.
Reportage Properties has achieved sales of over Dhs892mn from early 2021 until now, compared to Dhs424mn in the first seven months of 2020, representing growth of 110%.
They also achieved sales of 812 million Dhs in 2020, an increase of 125% compared to 2019.
Suleiman has confirmed that construction work on all of their projects is on schedule and units will be released to buyers on specified dates.
Reportage Properties is developing 12 projects in the United Arab Emirates, providing more than 5,500 housing units in the most important investment sites in Abu Dhabi and Dubai, in addition to a project that has been completed and distributed to Masdar City in Abu Dhabi.
The list of “Reportage Properties” projects in Abu Dhabi includes “Al Raha Lofts 1”, which provides 164 housing units, and “Al Raha Lofts 2”, which adds 110 housing units, in the Al Raha Beach area.
In Masdar City, “Residence Oasis 1” is under development and has 612 apartments, and “Residence Oasis 2” includes around 304 units, as well as “The Gate”, which adds 463 apartments, while “Residence Leonardo »Comprises 177 apartments, and was handed over about two years ago.
On Al Maryah Island, Reportage Properties is developing Al Maryah Vista, which offers 786 homes, alongside Al Maryah Vista 2, which will include 588 new homes. The Diva, on Yas Island, will provide 736 housing units.
In Dubai, the “Alexis Tower” is being developed on Sheikh Zayed Road in the Downtown district of Jebel Ali, and offers 378 luxury accommodation, and the “Rukan” tower, in the “Dubailand” district, which is being developed in cooperation with the “Continental Investment”, provides approximately 488 housing units, while “Rukan Lofts 1” includes approximately 349 residential villas, and “Rukan Lofts 2” provides approximately 305 villas.
In Egypt, “Reportage Properties” recently launched the “Montenapoleon” project, which will be built on an area of 465,000 square meters, and will include 5,500 housing units.
© Press release 2021