Nasser Al Khamis, CEO of "Reportage Real Estate" group of companies, stated that the real estate sector in the country is able to overcome the challenges of the Corona crisis, especially in light of the increasing investor confidence in the real estate sector in the UAE.
He stressed that his company achieved sales worth 260 million dirhams since the beginning of this year until now, in reference to the stability of the real estate sector in the Emirates, and the continuing demand, especially on distinguished projects that provide quality services to investors.
Reportage is developing eight projects in Abu Dhabi and Dubai, providing about 3,150 housing units, of which about 2,425 housing units are in six projects, in addition to two projects in Dubai that provide about 719 units.
Thursday, he said that although the real estate market in Abu Dhabi and Dubai was affected by the current conditions, like all global markets, the impact in the UAE remains limited, especially with the continued disclosure of many economic incentives and initiatives since the beginning of the current crisis.
He pointed out that there is a real demand from foreign and local investors to seize the distinguished opportunities in the real estate market.
On Thursday, he noted that the value of real estate transactions in Abu Dhabi during the first quarter of 2020 increased by 22% to reach 19.2 billion dirhams. Dubai Properties achieved sales of 24.75 billion between January 1 and April 2020.