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Reportage Properties, the UAE’s leading real estate developer, has started construction on its new project, Verdana, which consists of 305 townhouses located near Dubai’s green community.
Townhouses consist of 4 rooms, a maid’s room, and a ceiling, and range in size from 2,772 to 3,394 square feet. The units are all equipped with private elevators, an added advantage offered for the first time in the UAE.
CEO Islam Ahmed Suleiman said the commencement of construction on the Verdana project reflects Reportage’s commitment to continue to implement and deliver the project according to the stated timetable, which has strengthened investor sentiment towards the company Project and property market confidence. United Arab Emirates.
He pointed out that since the “Verdana” project was listed for about 3 months, there has been a large demand, many project advantages and good service quality. He noted that the UAE’s real estate market has shown extraordinary dynamism, especially in terms of quality projects that meet the requirements of UAE buyers and investors.
Suleiman explained that the high demand for residential units in the “Verdana” project has driven the company’s sales in recent months.
In the first half of this year, Reportage Properties recorded sales of more than AED 1.2 billion ($326 million), compared with AED 704 million in the first half of 2021, a 70% increase.
The Verdana project covers 500,000 square feet and includes many amenities and services such as a swimming pool, gym, private parking for each unit and expansive green landscaping.
The units also have unique specifications including private balconies, bedroom built-in wardrobes, laundry, maid’s room, double height living room, private car park and entrance, kitchen cabinets and shaded lounge areas. All bedrooms have private bathrooms.
The UAE-based Reportage Properties portfolio includes 14 projects offering more than 6,000 housing units in the most important investment locations in Abu Dhabi and Dubai.
The company is developing 8 projects in Abu Dhabi, located in areas such as Al Raha Beach, Masdar City, Yas Island and Al Maryah Island, in addition to a project that has been completed and delivered in Masdar City, while they 5 projects in Dubai are under development.
In Egypt, “Reportage Properties” launched the “Montenapoleone” project last year, which will be built on an area of 465,000 square meters and will include 5,500 housing units. – arab trade news agency
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