DIP Angola Secures AED 1.8 Billion Investment From Reportage Group For Two Gated Communities

Dubai Investments Park (DIP Angola), developed by Dubai Investments, has announced a significant acquisition by Emirates Reportage Development & Investment LLC. The UAE-based real estate developer has secured two prime land plots within DIP Angola, totaling 10,764,000 sq. ft., to develop two large-scale gated residential communities. This project represents an estimated investment of AED 1.8 billion (USD 500 million), highlighting its strategic importance.

Omar Al Mesmar, Chairman of Dubai Investments International Angola LDA, expressed enthusiasm about the partnership with Reportage Group. He stated that this collaboration marks a pivotal step in creating a world-class integrated community in Angola. The investment signifies strong international confidence in DIP Angola's potential and aligns with its goal to attract innovative developers who offer sustainable value.

The development will feature two gated communities, each covering 5,382,000 sq. ft. The ocean-facing community will include a boutique hotel with 60 rooms and 2,050 luxury villas with high-quality finishes. Additionally, it will offer 4,000 sq. m. of retail space. Meanwhile, the hilltop community will consist of 2,500 medium to high-finish townhouses and an equal amount of retail space.

Engineering activities have already started for the project, with construction set to begin in June 2026. The development will be delivered in phases, with initial handovers expected by Q4 2029 and full completion by Q4 2030. Emirates Limited Investment and Development Company, a partner of Reportage Group, will oversee the entire construction process to ensure alignment with international standards.

Andrea Nucera, CEO and Managing Director of Reportage Group, shared his excitement about securing these prime land parcels within DIP Angola. He emphasized their aim to create two distinctive gated communities that blend contemporary architecture with lifestyle quality and environmental responsibility. This project is a significant milestone in their international expansion strategy.

The ocean-facing community is designed to offer luxurious living experiences with its boutique hotel and high-end villas. In contrast, the hilltop community caters to the business and mid-market segments with its townhouses and retail spaces. Both communities aim to elevate urban living standards in Angola.

The agreement was formalized by Omar Al Mesmar and Andrea Nucera during a ceremony attended by Khalid Bin Kalban and other senior management members from both organizations. This collaboration underscores DIP Angola's commitment to becoming a premier residential destination in Africa.

This development reflects Reportage Group's confidence in Angola's growth potential as an emerging market for sustainable urban development. By introducing these gated communities, they aim to contribute significantly to the region's economic landscape while offering exceptional living experiences.

DIP Angola's strategic objective is further reinforced by attracting high-caliber developers like Reportage Group who bring innovation and sophistication to their projects. With this partnership, DIP Angola is well-positioned to deliver exceptional urban living experiences across the region.

With inputs from WAM