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Monday, March 4, 2024

UAE real estate market on track



The real estate market in the country is witnessing a huge increase in sales.

Inayat-ur-Rahman, business editor

The UAE real estate market is on a solid growth trajectory due to huge demand, higher returns and strong investor confidence.

Reportage Properties, a leading real estate developer in the UAE, announced the completion of the first phase of the “Rukan Lofts 1” project developed in the “Dubai” area in cooperation with the “Continental Investments” company.

On Monday, December 26, 2022, Reportage will hold a special ceremony on the occasion of the completion of the “Dubailand” project and the handover of “Rakan Lofts 1”.

The company will hold a completion ceremony at Rukan Lofts in Dubai Land.

“Rukan Lofts 1” offers about 349 premium villas, while “Rukan Lofts 2” offers about 305 villas. The Rukan Tower also includes approximately 488 housing units, spread across studios, one-, two-, and three-bedroom apartments.

Chief Executive Officer Islam Ahmed Suleiman said that the completion of “Rukan Lofts 1” villas reflects the company’s ability to implement all projects according to the stipulated timetable, which strengthens investors’ confidence in its projects and the overall UAE real estate market.

He said that the completion and handover of the “Rukan Lofts 1” project is a new chapter in the progress of “Reportage” following the recent handover of the “Al Raha Lofts” project in Abu Dhabi.

He pointed out the prime location of “Rukan Lofts” in the Dubailand “Wadi Al Safa 7” area, close to Arabian Ranches, as well as the most famous shopping malls, golf courses and entertainment centers.

Rukan Lofts is one of Dubailand’s key projects, it includes more than 800 perfectly designed townhouse units, covers an area of ​​2.6 million square feet, and consists of more than 70% open and green public space, creating an ideal home environment for family.


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