Reportage Properties, a supreme UAE real estate developer, reported signing a contract with Mobica Furniture, a top furniture manufacturer.
Strategic Partnership
The partnership created a new company, IPS Reportage Construction and Development, which will provide state-of-the-art construction and real estate development services.
The deal was signed by Mohamed Farouk, Chairman and CEO of Mobica, and Andrea Nucera, Managing Director of Reportage Properties.
The contract aims to improve cooperation and provide creative solutions that will enhance the experience of Reportage clients and contribute to creating perfect work environments.
Continued Growth and Expansion
Reportage Properties verified their interest in maintaining strategic partnerships with well-known and prominent companies performing in the field to continue gaining more success and sustainable development. They bank on that partnership with Mobica as a step towards achieving more goals and innovations.
The Reportage Properties portfolio contains 35 projects in the Emirates, Morocco, Egypt, Saudi Arabia, and Turkey.
Forbes Middle East recently classified Reportage Properties on the list of heads of the most influential real estate companies in the Middle East for 2024. The list underlines 100 regional real estate developers who depend on creation and hard work to create the future. Nucera is ranked 57th on the list.
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Recent Project Completions
Reportage Properties recently began the completion and hand-off plan for several projects, including Oasis 2 in Masdar City, which includes about 304 residential units. They began delivering the Oasis Residence 1 project in Masdar City and Al Raha Lofts in the Al Raha Beach area of Abu Dhabi last year.
The company also finished the first phase of the Rukan Lofts project, which is being developed in the Dubailand location in collaboration with the Continental Investment Company.
Conclusion
The partnership between Reportage Properties and Mobica Furniture to form IPS Reportage Construction and Development represents a significant step forward for both companies. By combining their expertise in real estate development and furniture manufacturing, they aim to deliver innovative solutions that enhance the customer experience and create exceptional living and working spaces. With a strong portfolio of completed projects and a commitment to sustainable growth, the newly formed company is poised to significantly impact the construction and real estate development industry across the region.
