The Dubai Investments Corporation has announced that the Angola Integrated Economic Zone, being developed by Dubai Investments, has seen the Emirates-based Reportage Development and Investments Group acquire two strategically located land parcels within the complex.
According to a statement from Dubai Investments, the total area of the properties is approximately 10.76 million square feet, aimed at creating two residential communities. The estimated total investment by Reportage for this project is around AED 1.8 billion (approximately USD 500 million).
The project is set to include two residential complexes, each covering 5.83 million square feet. One of these complexes will feature a waterfront view and contain a 60-room hotel, along with 2,050 villas and 4,000 square meters of commercial space. The second complex, situated on a hill, will consist of 2,500 townhouses, plus another 4,000 square meters of commercial space for residents.
Additionally, it was stated that engineering teams have commenced the preliminary phase of the project, with actual construction set to begin in June 2026. The development will be carried out in stages, with unit handovers expected to start in the fourth quarter of 2029 and full completion anticipated by the last quarter of 2030.
Dubai Investments also noted that Emirates Investment and Development Limited, the corporate partner of Reportage, will manage the entire implementation and delivery of the project, overseeing all stages of development from planning and engineering to execution and handover.
Furthermore, as reported by Argaam, Dubai Investments previously announced in January 2024 the launch of the Dubai Investments – Angola complex, marking its first multi-use development project (residential, commercial, and industrial) in Africa. The company is responsible for developing infrastructure and leasing land to developers and investors, with the development process commencing in June 2024.