One of the largest developers in Dubai and Abu Dhabi reports global real estate sales growth of up to 107%
Reportage Properties is one of the largest developers on Dubai real estate market. In 2020, sales reached AED 812 million, an increase of 125% from 2019. In 2021, strong sales reflected the high efficiency and attractiveness of the company's projects. 12.0. 2021 Reportage Properties reported that revenue growth was 107% or AED 704 million due to high activity from foreign buyers amid fears of rising property prices.
Islam Ahmed Suleiman, CEO of Reportage Properties, said strong sales in the first half of this year reflect strong performance and attractiveness of the company's projects, as well as the strength and stability of the UAE real estate sector and its vast opportunities.
The activity of Reportage Properties and similar developers is helping to overcome the problems associated with the consequences of the Covid-19 pandemic. Soon, about 5,000 new residential units from the same developer and several thousand more from other equally large developers will appear on the Dubai real estate market.