Latest news with #EslamHammam
Zawya
03-03-2025
- Business
- Zawya
Reportage Egypt targets $118mln in sales for 2025
Egypt - Reportage Egypt aims to achieve EGP 6bn in sales in 2025, doubling its success from the previous year, according to Eslam Hammam, Regional Chief Commercial Officer at Reportage Properties. The company recorded EGP 3bn in sales from its flagship project, Montenapoleone, in East Cairo. Spanning 465,000 square meters (111 feddans), Montenapoleone consists of 4,524 residential units, including apartments and townhouses, with 62% of the area dedicated to green spaces. Reportage Egypt has successfully sold out the first and second phases of the development and has already secured buyers for 40% of the third phase, while the fourth phase is yet to be launched. The company has invested EGP 6bn in the project and plans to deliver its first phase by the end of this year. In addition to residential units, Montenapoleone features a commercial component with two malls. The first, Via 1, is scheduled for delivery in 2026, coinciding with the handover of the first residential phase. However, Via 2 Mall has not yet been launched. Reportage Egypt is also expanding its footprint with a new project on the North Coast, developed in partnership with an Egyptian company, comprising approximately 2,000 units. The company is actively exploring land acquisition opportunities in key locations such as New Cairo, Sheikh Zayed, and 6th of October City. It plans to implement a natural price increase of 10% across its projects while maintaining a self-financed business model. During the holy month of Ramadan, Reportage Properties launched an exclusive promotional offer for Montenapoleone in Mostakbal City, allowing customers to acquire two residential units for the price of one through a 'Buy One, Get One Free' deal. Hammam revealed that Reportage Properties achieved $1.5bn in sales in 2024 and aims to reach $2bn this year across its projects in 16 countries. The UAE remains the company's strongest market, followed by Saudi Arabia, Turkey, and Egypt. The company holds assets worth approximately AED 50bn and manages an investment portfolio of 50 projects. Of these, around 12 projects are in partnership with Mubadala, while the rest are spread across the UAE, Egypt, Turkey, Morocco, Saudi Arabia, and various African markets, including Rwanda, Uganda, Nigeria, and Kenya, as well as Azerbaijan in Asia. Hammam added that Reportage Properties has already delivered over 10,000 residential and mixed-use units, with an additional 25,000 currently under construction. The UAE-based real estate developer, which has projects and offices in Saudi Arabia, Turkey, Russia, and multiple countries across Africa, Europe, and Asia, continues to expand its global presence and plans to enter new markets by the end of the year.
Economic Key
27-02-2025
- Business
- Economic Key
Reportage Properties launches exclusive Ramadan offer: '—'Buy One, Get One Free'
In an unprecedented move in Egypt real estate market, Reportage Properties has announced a game-changing offer for its flagship project, Montenapoleone in Mostakbal City, during the holy month of Ramadan. This exclusive offer gives customers the opportunity to own two residential units for the price of one—'Buy One, Get One Free.' Eslam Hammam, Regional Chief Commercial Officer at Reportage Properties, stated that the offer is designed to fulfill the aspirations of investors and families looking for fully finished homes at highly competitive prices, with no additional costs. This exclusive promotion enables buyers to maximize their investment or acquire an extra unit for personal use or investment purposes. The offer features a premium selection of residential units in various sizes to suit all customer needs, including townhouses, apartments of different dimensions, as well as duplex and simplex units. At Reportage Properties, customers are regarded as success partners, and the company remains dedicated to delivering top-tier projects with flexible payment plans and installment options extending up to 10 years. Hammam further highlighted that the company is introducing a new lifestyle concept in Egypt through the architectural designs of the Montenapoleone project, which has received significant interest and success among customers. He pointed out that major real estate companies in Egypt have started adopting similar architectural designs for residential units in their projects, demonstrating the growing appeal of this innovative approach. Hammam announced the launch of a newly designed townhouse model, starting at 225 sqm, crafted to provide a distinctive residential experience tailored to modern family needs. He disclosed that the first and second phases of the project have been fully sold out, with around 40% of the third phase already purchased. To date, 67% of the units have been acquired by Egyptians, while 33% have been sold to foreigners, Arabs, and Egyptians living abroad. Montenapoleone, developed by Reportage Properties, offers an exceptional residential experience that blends the charm of Italian design with a modern lifestyle in Mostakbal City, the heart of New Cairo. Inspired by Milan's iconic fashion district, the project reimagines luxury living with a touch of Italian elegance. The project spans over 465,000 sqm (111 acres), comprising a total of 4,524 residential units, including apartments and townhouses. The elegant architectural design harmonizes with vast green spaces, which make up 62% of the total area, creating a serene and comfortable living environment. Montenapoleone offers a fully integrated lifestyle with a diverse range of upscale retail stores, fine dining restaurants, and various entertainment facilities, ensuring a unique living experience that blends luxury, comfort, and convenience. Reportage Properties is a leading real estate developer based in the UAE, with projects and branches in Egypt, Saudi Arabia, Turkey, Russia, and various countries across Africa, Europe, and Asia. With more than 16 branches and over 50 projects worldwide, the company is actively expanding into new markets by the end of this year, reinforcing its commitment to delivering added value and maintaining leadership in the global real estate sector. ظهرت المقالة Reportage Properties launches exclusive Ramadan offer: '—'Buy One, Get One Free' أولاً على المفتاح الاقتصادي.
