Reportage Properties, the leading real estate development company based in Abu Dhabi, revealed that construction work is progressing at a steady pace on “The Gate”, a major residential project in Masdar City, Abu Dhabi. The Gate project features 463 apartments, including 200 studios, 144 one-bedroom, and one-bedroom apartments, 94 two-bedroom apartments, 7 three-bedroom apartments, in addition to two 4-bedroom apartments, as well as 16 townhouses. With nearly 20% of construction work completed, the 8-storey tower is expected to be fully completed by the last quarter of 2022.
CEO of Commercial Operations at Reportage Properties, Islam Ahmed Suleiman, said that the company is satisfied with the progress in construction work on all of its projects according to the specified schedule. “We are committed to handing over all the units in every project on time, in order to enhance investor’s confidence in Reportage Properties projects, and support the performance of the real estate sector in the UAE during this exceptional time caused by the COVID-19,” explained Suleiman.
Soliman said that the real estate market in Abu Dhabi provides ideal opportunities for investors, especially in light of the availability of units at competitive prices, with easy payment plans and the provision of various facilities for buyers.
He added that the company offered sales of units at The Gate early this year, as about 50% of the units have been sold so far.
The Gate project has an area of 528,000 square feet and includes all basic services and facilities such as a gym, swimming pool, children’s play area, reception area, car parking, and many more. The studio unit area ranges between 330 and 498 square feet, the one-room ranges from 592 to 700 square feet, the area of the two-room room ranges from 922 to 1965 square feet, and the three-room unit is 1771 square feet, and the four-room ranges between 2,885 and 3,162 square feet, while a townhouse areas reach up to 3,290 square feet with a private garden.
Suleiman said that the list of Reportage Properties projects in Masdar City also includes the “Leonardo Residence” residential project, which was delivered early last year and provides 177 apartments. The company also implements two projects in Masdar City, “Al Waha Residence 1” and provides 612 apartments. As it is expected to be delivered during the second quarter of 2021, and “Al Waha Residence 2”, providing about 304 housing units, as the project is expected to be delivered during the second quarter of 2022.