Abu Dhabi-based Eshraq Investments has entered into an agreement with Reportage Properties for the sale of a plot on the Al Reem Island. With this deal, Eshraq has sold 27% of its land bank gross floor area for a consideration of AED160 million.
The Al Raha Lofts 1 project provides around 164 residential units, while the Al Raha Lofts 2 adds nearly 110 residential units within the Al Raha Beach area in Abu D.
Islam Ahmed Suleiman, CEO of Reportage Properties, stressed the company’s keenness on expanding its business in Masdar City and developing more sustainable real esta.
The Abu Dhabi real estate market is witnessing remarkable activity during this period amid an increasing demand for quality projects that provide excellent services to buyers. Reportage Properties, the leading real estate developer in the UAE, revealed the launch of the new ‘Plaza’ project in Masdar City in Abu Dhabi, which consists