Group to expand globally; commits to a ‘zero-leverage’ and ‘debt-free’ strategy
Leading UAE private real estate developer Reportage Properties Group achieved a significant milestone by surpassing sales revenues of AED 5.7bn (US$ 1.6bn) in 2024.
This accomplishment not only underscores the company’s exceptional performance but also represents an increase of over 50% increase in total revenues compared to the corresponding period in 2023.
This achievement is particularly significant considering Reportage’s unwavering commitment to a ‘zero-leverage’ and ‘debt-free’ strategy. Every project is developed without reliance on mortgages or any form of leveraged financing, ensuring the company’s resilience and sustainable long-term stability in the market, the developer stated in a press statement.
Beyond the impressive numbers, this success cements Reportage’s position as a leader in the UAE real estate market. By offering flexible payment plans, prime locations, and smart housing designs, the company has earned the trust and loyalty of its customers, setting the stage for continued growth, the press statement continued.
Surpassing preset targets
“We are approaching the close of 2024 with satisfaction and hope. Not only have we achieved all our pre-set targets, but we have also managed to strengthen the company’s organization to support further growth,” affirmed Andrea Nucera, Managing Director, Reportage Group.
“For 2025, we aim to target a sales volume of AED 7.34bn AED (US$ 2bn), expand into two new countries, and launch several exciting projects in the UAE, with an inventory valued at AED 20bn (US$ 5.45bn),” she added.
Looking ahead, Reportage Group is poised to continue shaping the future of real estate development. Future projects will emphasize cutting-edge designs, state-of-the-art sustainability initiatives, and the creation of spaces that foster a deep sense of community.
As a frontrunner in the UAE real estate sector, Reportage is setting the stage to redefine urban living—not just within the UAE, but on a global scale. With each new project, Reportage is not only building properties but shaping the future of how people live, work, and thrive in an ever-evolving world, the press communique concluded.
