DIP Angola And Reportage Group Finalise 10 Million Sq. Ft. Land Acquisition For Residential Development

Dubai Investments Park (DIP Angola), the first integrated economic zone in Angola, has announced a significant acquisition by Emirates Reportage Development & Investment LLC.

This UAE-based real estate developer has secured two prime land plots within DIP Angola's master-planned community. The total area of these plots is 10,764,000 square feet, earmarked for developing two large-scale gated residential communities.

The agreement was formalised with signatures from Omar Al Mesmar, Chairman of Dubai Investments International Angola LDA, and Andrea Nucera, CEO and Managing Director of Reportage Group. Khalid Bin Kalban, Vice Chairman & CEO of Dubai Investments, along with other senior management members from both organisations, attended the ceremony.

Investment and Development Plans

Reportage Group plans to invest approximately AED1.8 billion ($500 million) into this project. This substantial investment highlights the project's scale and its strategic role in positioning DIP Angola as a leading residential destination. The development will consist of two gated communities, each covering 5,382,000 square feet.

The ocean-facing community will feature a boutique hotel with 60 rooms and 2,050 luxury villas with high-quality finishes. Additionally, there will be 4,000 square metres of retail community space. Meanwhile, the hilltop community will include 2,500 medium to high-finish townhouses and an equivalent retail space.

Construction Timeline and Management

Engineering activities have already begun for this ambitious project. Construction is slated to start in June 2026. The project will be delivered in phases with initial handovers expected by Q4 2029 and full completion anticipated by Q4 2030.

Emirates Limited Investment and Development Company will manage the construction process. As a partner company of Reportage Group, they will oversee all stages from planning to delivery. Their involvement ensures adherence to world-class quality standards throughout the development.

Strategic Vision for DIP Angola

Omar Al Mesmar expressed enthusiasm about welcoming Reportage Group to DIP Angola: "Welcoming Reportage Group to DIP Angola represents a defining moment in our vision to establish a world-class, integrated community that sets new benchmarks for residential and mixed-use development in Angola."

This collaboration underscores international confidence in DIP Angola's potential and aligns with its goal to attract innovative developers who offer sustainable value. With Reportage's expertise and global standards, DIP Angola aims to provide exceptional urban living experiences while enhancing its status as a premier investment destination in Angola.

Reportage Group's Expansion Goals

Andrea Nucera shared his excitement about the project: "We are proud to secure these prime land parcels within DIP Angola and to bring our vision to life in one of Africa's most dynamic emerging markets." He emphasised their aim to create two distinctive gated communities catering to different market segments while blending contemporary architecture with environmental responsibility.

This venture marks a significant milestone in Reportage Group's international expansion efforts. It reflects their confidence in Angola's growth potential and the opportunities it presents for sustainable urban development.

The collaboration between Dubai Investments Park (DIP Angola) and Emirates Reportage Development & Investment LLC signifies a major step forward for both parties involved. By combining resources and expertise, they are set on creating vibrant residential communities that align with modern living standards while contributing positively towards economic growth within the region.