DIP Angola Signs AED 1.8 Billion Land Deal with UAE’s Reportage Group to Develop Two Major Residential Communities

Real Estate

DIP Angola Signs AED 1.8 Billion Land Deal with UAE’s Reportage Group to Develop Two Major Residential Communities

Dubai Investments Park (DIP Angola), the first fully integrated economic zone in Angola developed by Dubai Investments, a leading investment company listed on the Dubai Financial Market, has announced the signing of a landmark agreement with Emirates Reportage Development & Investment LLC, a prominent UAE-based real estate developer. The deal covers the acquisition of 10,764,000 sq. ft. of prime land for the development of two world-class gated residential communities within DIP Angola’s master-planned development.

The total investment value of the project is estimated at AED 1.8 billion (USD 500 million), marking a significant milestone in the growth of DIP Angola as a premier residential and mixed-use destination in Africa.

The signing ceremony took place in the presence of Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, and was formalised by Omar Al Mesmar, Chairman of Dubai Investments International Angola LDA, and Andrea Nucera, CEO and Managing Director of Reportage Group, alongside senior representatives from both organisations.

Omar Al Mesmar, Chairman of Dubai Investments International Angola LDA, stated:\

“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. Their investment reflects strong international confidence in DIP Angola’s quality and potential, reinforcing our strategic goal to attract high-caliber developers who bring innovation, sophistication, and sustainable value.”

The project comprises two equal-sized gated communities, each spanning 5,382,000 sq. ft. The ocean-facing community will feature a 60-room boutique hotel, 2,050 luxury villas, and 4,000 sq. m. of retail space, while the hilltop community will offer 2,500 premium townhouses and 4,000 sq. m. of retail space.

Construction activities are expected to commence in June 2026, with phased delivery beginning in Q4 2029 and full project completion scheduled for Q4 2030. Engineering work has already started, signalling the transition from planning to implementation.

The project will be executed by Emirates Limited Investment and Development Company, a partner of Reportage Group, which will oversee the full development lifecycle—from planning and engineering to delivery—ensuring adherence to global quality and sustainability standards.

Andrea Nucera, CEO and Managing Director of Reportage Group, said:

“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. Our aim is to develop two distinctive gated communities that blend contemporary architecture, superior lifestyle quality, and environmental responsibility. This project marks a key milestone in our international expansion and reflects our confidence in Angola’s long-term growth and sustainable urban development potential.”

The partnership between Dubai Investments and Reportage Group reinforces growing UAE-Africa investment relations and highlights Angola’s emergence as a promising destination for global real estate and infrastructure development.