Dubai Investments Secures Landmark Angola Deal
Dubai Investments PJSC announces a major land deal in Angola with UAE's Reportage Group, marking a significant expansion in the African market.
Summary
Dubai Investments PJSC has signed a significant land deal in Angola with UAE's Reportage Group, aiming to develop two large-scale residential communities.
In a strategic move that underscores its international expansion, Dubai Investments PJSC has announced a landmark agreement with Emirates Reportage Development & Investment LLC to develop two major residential communities in Angola. This deal, involving a substantial investment of AED 1.8 billion (USD 500 million), signifies a pivotal step in Dubai Investments' ambition to establish a prominent presence in the African market.
The agreement, signed by Omar Al Mesmar, Chairman of Dubai Investments International Angola LDA, and Andrea Nucera, CEO and Managing Director of Reportage Group, was witnessed by senior management from both organizations. This collaboration is set to transform 10,764,000 sq. ft. of prime land into a vibrant, integrated community, enhancing DIP Angola's reputation as a premier residential destination.
The development will feature two distinct gated communities, each covering 5,382,000 sq. ft. The ocean-facing community will include a boutique hotel, luxury villas, and retail spaces, while the hilltop community will offer medium to high-finish townhouses and additional retail facilities. Construction is slated to begin in June 2026, with phased handovers starting in Q4 2029 and full completion by Q4 2030.
This venture not only strengthens Dubai Investments' portfolio but also highlights the growing confidence in Angola's economic potential. By partnering with Reportage Group, known for their expertise and commitment to quality, Dubai Investments is poised to deliver an exceptional urban living experience in one of Africa's most dynamic markets.
Given the strategic nature of this development and the potential for significant returns, investors may consider this an opportune moment to buy shares in Dubai Investments. The company's proactive approach to diversification and expansion into emerging markets positions it well for future growth, making it a compelling option for investors seeking exposure to international real estate development.
Source
Summary
Dubai Investments Park (DIP) Angola, developed by Dubai Investments, has signed a deal with UAE-based Reportage Group for the acquisition of two land plots totaling 10,764,000 sq. ft. in Angola. This land will be used to develop two large-scale gated residential communities with an estimated investment of AED 1.8 billion (USD 500 million). The agreement was signed by Omar Al Mesmar of Dubai Investments International Angola LDA and Andrea Nucera of Reportage Group. The project aims to establish DIP Angola as a premier residential destination, attracting high-caliber developers. The development will feature a luxury ocean-facing community with a boutique hotel and villas, and a hilltop community with townhouses. Construction is set to begin in June 2026, with phased handovers starting in Q4 2029 and full completion by Q4 2030. Emirates Limited Investment and Development Company, a partner of Reportage Group, will oversee the construction. Andrea Nucera highlighted the project's significance in Reportage Group's international expansion and Angola's growth potential.
