Abu Dhabi-based real estate developer Reportage has revealed that it is ready to hand over five new developments in Abu Dhabi within two to three years.
"The five projects offer more than 1,600 new housing units for the Abu Dhabi market," Nasser Group CEO, Nasser Al Khamis, said in a statement yesterday, adding that the five projects are spread across Abu Dhabi's leading investment areas such as Masdar City and Al Raha Beach.
He stressed the company's commitment to complete all its projects in accordance with the schedule, which contributes to enhance the confidence of investors in its projects, and attracts more investors to the real estate sector in Abu Dhabi, which is witnessing a state of stability, amid positive signs of improved activity in the sector, with the adoption of more procedures, laws and legislation Government incentive for investment.
He explained that the company will deliver the Oasis Residence 1 project in Masdar City during the first quarter of 2021, where the construction work is witnessing a remarkable progress by up to 25%, noting that the project provides 612 apartments, including 310 studios and 256 One-room apartment, 44 two-room apartments, two three-room apartments, spanning an area of 8371 square meters.
He added that the company is also in the process of handing over the Oasis Residence 2 project in Masdar City, which will provide about 300 housing units during the second quarter of 2022, in addition to the handover of The Gate project in Masdar City, which will be started soon. 420 apartments, during the second quarter of 2022.
The company is keen on implementing new projects in Masdar City, one of the world's most sustainable cities and providing sustainable services to residents.
He pointed out that the construction work on the reportage projects in Al Raha Beach is progressing by more than 20%. The company is developing the Al Raha Loft 1 project which will provide 164 units, including 14 studios, 96 one-bedroom apartments and 31 two-bedroom apartments. , 15 three-room apartments and eight four-room apartments, covering an area of 6663 square meters. Al Raha Loft 2 is also developing 110 residential units, including 22 studios, 52 one-bedroom apartments, 24 two-bedroom apartments and 12 three-bedroom apartments, covering an area of 5,364 square meters.
Al-Raha Loft 1 and Al-Raha Loft 2 are expected to be delivered over the first half of 2021, with total retail space, facilities and services such as swimming pools, jacuzzi, gym and tennis court.
He pointed out the company's interest in studying distinct investment opportunities in Abu Dhabi, where it is considering the implementation of projects in a number of distinct investment areas in Al Maryah Island, Al Reem Island and Yas Island, pointing to the company's interest in the development of quality projects, and provide distinctive and unconventional services to customers.
He pointed out that the company has finally delivered the Leonardo Residence project in Masdar City, which offers 177 apartments, including 122 studios, 48 one-bedroom apartments, 16 two-bedroom apartments and one three-bedroom apartment, spanning an area of 4,250 meters. Square.