Dubai Investments Park (DIP Angola), the first fully integrated economic zone in Angola developed by Dubai Investments, a leading diversified investment group listed on the Dubai Financial Market, has announced that Emirates Reportage Development & Investment LLC has acquired two substantial land parcels totalling 10,764,000 sq. ft. within the master-planned destination for the development of two large, gated residential communities.
Reportage Group’s projected investment in the development is valued at approximately AED 1.8 billion (USD 500 million), reflecting the scale and strategic importance of the project in realising DIP Angola’s ambition to become a premier residential hub.
The signing ceremony was attended by senior representatives from both organisations, including Omar Al Mesmar, Chairman, Dubai Investments International Angola LDA, and Andrea Nucera, CEO and Managing Director, Reportage Group, along with Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments.
Omar Al Mesmar, Chairman, Dubai Investments International Angola LDA, commented: “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 and reinforces DIP Angola’s strategic objective to attract high-caliber developers who bring innovation, sophistication and sustainable value. With Reportage’s expertise and global standards, DIP Angola is poised to deliver exceptional urban living experiences, elevate the overall value of the development and strengthen its position as the premier destination for investment across Angola.”
The project comprises two master-planned gated communities of equal size, each covering 5,382,000 sq. ft. The coastal community will include a 60-key boutique hotel, 2,050 luxury villas with premium finishes, and 4,000 sq. m of retail amenities. The second community, located on elevated terrain, will feature 2,500 medium to upscale townhouses and an additional 4,000 sq. m of retail space. Engineering work is underway, with construction due to commence in June 2026. Initial handovers are scheduled for Q4 2029, with full project completion expected by Q4 2030.
Construction will be led by Emirates Limited Investment and Development Company, a partner firm of Reportage Group, responsible for all phases of delivery including planning, engineering oversight, execution, and final delivery to ensure consistency with the Group’s international 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 introduce two distinctive gated communities — one in the high-end luxury segment and the other in the business and mid-market segment — blending contemporary architecture, lifestyle quality and environmental responsibility. This project marks an important milestone in our international expansion and reflects our confidence in Angola’s growth potential and the opportunities it offers for sustainable urban development.”