Reportage Properties is tapping into Kenya's wealthy investors with real estate developments in Dubai's booming property sector.
With the country’s growing appetite for international real estate among Kenya’s high-net-worth individuals, the developer aims to attract investors with the promise of high returns and the allure of Dubai’s luxurious lifestyle.
In partnership with SSS Developers Kenya, Reportage Properties has unveiled Verdana, a new project in Dubai.
The collaboration with SSS Developers, aims to pitch the product to Kenyans looking to buy properties in the Dubai market.
SSS Marketing Director Kingmax Mbarire said the demand for executive houses in Dubai is on the rise hence the need to commit to the investment.
“Pension funds in Kenya and high net worth individuals, chamas and religious organisations can invest their money here and expect a very good return on investment” Mbarire said.
Reportage Properties, is an international real estate company with a market value exceeding $7 billion (Sh910 billion) and operations in over 14 countries.
While many Kenyans view Dubai as a vacation destination, a growing number of investment-savvy individuals are building property portfolios in the emirate.
Market experts say high investment returns and Dubai’s status as the trading and financial capital of the Middle East are key attractions for investors.
Mbarire noted the rising demand for executive houses in Dubai, highlighting the investment's potential.
SSS Developers has invested in the Kenyan real estate market and plans to launch three more projects in Kenya worth over $100 million (Sh12.99 billion) in the coming year.
These projects are projected to create 500 direct jobs and 2,000 jobs through the value chain, positively impacting the Kenyan economy.
Dubai's iconic skyline, world-class amenities, and favorable tax regime have long attracted global investors.
This latest initiative seeks to capitalize on this appeal, providing Kenyan investors with exclusive access to premium properties in some of Dubai’s most sought-after locations.
"We’ve sold about 80 percent of the building plan and aim to deliver the project in 36 months," said SSS sales director Erskine Jumba.
The move is part of a broader strategy to diversify the investment portfolios of Kenya's wealthy elite, offering them a hedge against local market volatility and a foothold in one of the world's most dynamic real estate markets.
