Reportage Village floated with Dhs2 billion investment

Inayat-ur-Rahman, Business Editor

Reportage Properties, a leading UAE real estate developer, has announced its latest project, “Reportage Village,” the first project to be developed under its new subsidiary Reportage International Real Estate, which is set to transform the landscape of Dubailand.

This ambitious venture represents a significant milestone in the company’s growth, with a substantial Dhs 2 billion investment and projected revenue of up to Dhs 3.3 billion.

Andrea Nucera, Managing Director of the Reportage Group, expressed his enthusiasm for this project, emphasizing the company’s expansion strategy firmly grounded in a robust business model devoid of external financial leverage. “Reportage Village,” boasting a new inventory value of Dhs 3.3 billion, is set to boost the company’s sales volume, with projections exceeding $1 billion in 2023, including an impressive $682 million expected in the second quarter.

Nucera further revealed that “Reportage Village” is the first of five exciting projects the group plans to launch in the market over the next six months, collectively valued at over Dhs 7 billion. He highlighted the company’s successful delivery of more than 3,000 units across various projects in Abu Dhabi and Dubai in 2023, exemplifying their commitment to on-time project completion.

Mohammad Al Wahash, Executive Director and Partner at Reportage International Real Estate LLC, expressed his optimism for this venture, envisioning a promising future for both parties and the industry as a whole.