UAE - Mubasher: The UAE-based Reportage Properties saw AED 402 million sales during the first half (H1) of 2020, up by 200% from AED 137 million in the same period of 2019.

The CEO of Reportage Group, Nasser Al Khamis, said that the surge in the group's sales is attributed to the new projects launched in Dubai in 2020, according to a recent press release.

The group has developed eight projects in the UAE, comprising six in Abu Dhabi and two in Dubai.

Al Khamis added that despite the challenges imposed by coronavirus (COVID-19), the group has achieved strong sales in 2020, which reflects the UAE's stable real estate.

In the first quarter (Q1) of 2020, the group's sales reached AED 261.6 million, compared to AED 140.3 million in the year-ago period.

The group CEO further remarked that Reportage Group has launched several economic incentives and real estate financing facilities and cancelled some fees to boost its sales amid COVID-19.