Property developers in the UAE are optimistic about the country's real estate market because of several business incentives introduced by the government to attract more investors.

Emaar Properties, Dubai's largest property developer, saw major property sales in the emirate surge by 250% during the first five months of 2021, comparable to the same timeframe the previous year.

To date, total property sales have totaled Dhs10.5 billion, compared to Dhs3 billion in the same time last year. The firm anticipates even bigger growth in the first quarter of 2021.

Emaar Founder Mohamed Alabbar commented on the findings, saying, "These numbers illustrate once again the durability of our organization, the excellence of our goods, and the commitment of our customers and employees".

"With the enlightened policies of the UAE and Emaar excellently positioned to capitalize on it, I am convinced the Dubai Property Market is yet again a development story for builders."

In 2021, in Dubai Hills Estate, Caya and Bliss in Arabian Ranches 3, and Palace Beach Residence in Emaar Beachfront, Emaar has successfully established Golf Place Terraces. The developer has been delivering residential properties in leading areas such as Dubai Hills Estate, Dubai Creek Harbor, Downtown Dubai, and Emaar South.

Emaar Properties, a worldwide real estate developer and provider of luxury lifestyles with a large presence in the Middle East, North Africa, and Asia, is listed on the Dubai Financial Market. Emaar, one of the world's biggest real estate businesses, owns 1.7 billion square feet of land in the UAE and significant foreign markets.

Emaar has a solid track record of delivering approximately 67,700 residential units in Dubai and other worldwide markets from 2002. Emaar also has a large number of repeating revenue-generating properties, including around 880,000 square meters of lease revenue-generating property and 25 hotels and resorts with a total of 5,342 rooms. Nowadays, 46% of the revenues of Emaar come from shopping centers, retail, hotel, and recreational and overseas businesses.

Emaar is among the most frequented retail places worldwide, Burj Khalifa, the global landmark, and the Dubai Mall.

The biggest real property developer in the USA, Islam Ahmed Suleiman, CEO of Reporting Properties, said Gulf Today that the UAE immobile market is already growing and is progressing amid COVID-19 problems.

With the unveiling of the “Monte Napoleone” in “Mostakbal City” in New Cairo, Egypt, the renowned developer presented the first-ever project outside the UAE. The venture will be created in collaboration with Egypt's premier real estate developer, Al Ahly Sabbour.

Suleiman stated that the company's solid financial position, the reliability of its business model, and its potential to grow and create many new projects in many locations are all represented in the introduction of the first "Reportage Properties" project outside UAE. He also reiterated the company's aggressive future development and development ambitions in new markets in the next few years.

The CEO concentrated his work on "Report Eigenschaften" on the development of several high-quality constructions in the UAE to establish new markets in the area. The skills he has acquired in past years.

In particular, in wake of the company's dedication to fulfilling its declared projects on time, significant investors' confidence in Reporting Properties increased their accomplishment.

Sulieman stated that entering the Egyptian market was the result of a detailed search of the distinguished investment options in the Egyptian real estate industry, which has shown impressive growth indicators and a spike in demand in current years concerning a secure and stable investment climate that Egypt provides, which incorporated to several investors' rewards.

'Montenapoleone' will be constructed over a surface area of 465,000 square meters, with 5,500 dwelling units. Apart from residences with different zones, 1 to 4 bedrooms, the project will involve unique completely completed townhouses with the best standard of luxury finishing. Project revenues are expected to exceed 12 billion Egyptian pounds (Dhs2,83bn). The hand-over units will commence in Q4-2025 towards the end.

“Reportage Properties” announced that possession of apartments and duplex flats in the property is available, with prices ranging at Dhs183,000 and exceptional discounts of up to 40% on payments made. The project's offers include finished flats and townhouses. Payment options are available for up to 80 months with monthly installments of 7900 Egyptian pounds (Dhs1900).