Abu Dhabi realty market flourishes

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Developer launches new ‘Plaza’ project at the Masdar City in Abu Dhabi on Wednesday.

Inayat-ur-Rahman, Business Editor

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 of 348 residential units. The project will enhance the company’s portfolio of projects in Masdar City, one of the most sustainable urban communities in the world.

Islam Ahmed Suleiman, CEO of Reportage Properties, stressed the company’s keenness on expanding its business in Masdar City and developing more sustainable real estate projects, which include the latest innovations, smart services and sustainable solutions that will contribute to saving energy and water consumption as part of its bid to abide by sustainable construction requirements and conserve the environment.

The launch of the ‘Plaza’ project came in light of the high demand for the company’s projects in Abu Dhabi or Dubai, he said, noting that there is a robust demand for buying real estate in Reportage Properties’ projects in Masdar City, which is a model for sustainable urban development.

The list of Reportage Properties’ projects in Masdar City includes the Oasis Residence 1, which provides 612 apartments, Oasis Residence 2, which incorporates around 304 residential units, The Gate, which adds 463 apartments, and Leonardo Residence, which includes 177 apartments in Masdar City and was handed over more than two years ago.

The ‘Plaza’ consists of 348 residential units including 154 studios, 96 1-bedroom apartments and 57 2-bedroom apartments. The project also provides 41 4-bedroom townhouses for the first time in Masdar City.

Suleiman explained that the ‘Plaza’, which is 110,000 square feet in area, is distinguished for its strategic location that links the main roads and is surrounded by parks, schools, mosques, banks and stores.

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