UAE property market on solid track

Inayat-ur-Rahman, Business Editor

The UAE real estate market is on a solid growth track due to huge demands, higher returns and strong investors’ confidence.

Reportage Properties, a leading UAE real estate developer announced the completion of works in the first phase of the “Rukan Lofts1” project, which the company is developing in the “Dubailand” 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 project and its handover of “Rakan Lofts 1” in “Dubailand”.

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

The “Rukan Lofts 1” provides about 349 premium villas, while “Rukan Lofts 2” provides about 305 villas. The “Rukan” tower also includes about 488 housing units, distributed among studios, one-, two- and three-room apartments.

Islam Ahmed Suleiman, CEO, said that the completion of the “Rukan Lofts1” villas reflects the company’s ability to implement all their projects according to the specified schedule, which enhances investors’ confidence in their projects and the UAE real estate market in general.

He said that the completion and handover of the “Rukan Lofts 1” project represents a new episode in the process of “Reportage’s” achievements, after the company recently started handing over the “Al Raha Lofts” project in Abu Dhabi.

He pointed to the distinguished location of “Rukan Lofts” in the “Wadi Al Safa 7” area in Dubailand, close to the Arabian Ranches, and to the most prominent shopping centers, golf courses, and entertainment complexes.

Rukan Lofts is one of the major projects in Dubailand, as it includes more than 800 perfectly designed townhouse units, spanning an area of 2.6 million square feet, and consisting of more than 70% of open and green public spaces that create an ideal home environment for the family.