Dubai Developer Claims That Sales More Than Doubled In H1 of 2022

Dubai Developer

Reportage Properties Says That Construction Has Started On Its Verdana Project At Dubai Investment Park (DIP).

Verdana at Dubai Investment Park (DIP), a new project in the Green Community of Dubai, has reportedly begun construction. The project consists of 305 townhouses. A unique benefit being offered for the first time in the UAE is that each unit has a private elevator. The project has experienced high demand since it was listed for sale about three months ago. According to Islam Ahmad Sulaiman, CEO of Reportage Properties, sales increased significantly.

He observed that UAE property market exhibits remarkable activity, particularly for high-caliber projects that satisfy local buyers’ and investors’ needs. Sales for the real estate developer exceeded Dh1.2 billion in the first half of this year. That is up from Dh704 million in the same period in 2021, a 70% increase.

The 500,000 sq. ft. Verdana at Dubai Investment Park (DIP) project has a variety of amenities and services. Like swimming pools, a gym, individual parking spaces for every unit, and a sizable green space. 14 projects in the UAE portfolio of Reportage Properties total more than 6,000 homes in Abu Dhabi and Dubai.

The company is working on five projects in Dubai and eight in Abu Dhabi, including Masdar City, Al Raha Beach, Yas Island, and Al Maryah Island. The “Montenapoleone” project in Egypt was introduced last year. It will be constructed on 465,000 square meters and include 5,500 housing units.

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