UAE’s Reportage Properties Signs Agreement With Mesa Holding And Sabah Investment Group To Cooperate In Real Estate

Reportage Properties, based in the United Arab Emirates, joined up with Mesa Holding in Turkiye and Sabah Investment Group in Azerbaijan to establish RMS Capital Management, which plans to carry out major renovations globally.

According to an announcement published on Wednesday, Reportage Properties will own a 34% share in RMS Capital Investment, while Mesa Holding and Sabah Investment Group will own 33% each. With an overall cost of $600 million, the new company’s first projects would be completed in Dubai, Istanbul, and Baku in 2024 and 2025.

The financial support for the projects would be provided by the three companies, and the central management would handle everything from Dubai. CEO of Mesa Holding Mert Boysanoğlu stated that the company plans to make investments worldwide, with a focus on housing.

The Partners

A real estate company with origins in the United Arab Emirates, Reportage Properties is well-known for its commitment to creativity, environmental responsibility, and quality. Launched in 2014, Reportage Properties is a private developer with projects in Egypt, Dubai, and Abu Dhabi.

Mesa Holding is a widely recognized Turkish company that has been active in a variety of industries for 55 years, including real estate investments. Sabah Investment Group is an established Azeri business with an excellent track record in the industry.

Reportage will own a 34% investment in the RMS Capital Investment partnership structure, while MESA and Sabah Investment Group will each own a 33% stake.
With a combined investment of $600 million, the three will create collaborative projects in Dubai, Istanbul, and Baku in 2024 and 2025. The JV partners will provide the finance for these projects, while Dubai will act as the coordinating hub for the projects’ central management.

Mesa Holding CEO Mert Boysanoğlu made the following statement during the signing ceremony: “We have been working in this sector for 55 years.” We engage in a wide range of industries for both manufacturing and investment. Actually, RMS was founded by a group of people who desired to make international investments, particularly in real estate.”

We have an approximate $600 million investment plan amongst the three entities for this year. In the first, we’ll begin with a project in Dubai then move on to Turkey and Baku. “I am signing this agreement with total trust that this group will expand its presence not only in these regions but also on a global level,” said Boysanoğlu.

“We aim to make a difference in real estate development by reinventing real estate through excellence, sustainability, and innovation,” stated Andrea Nucera, Managing Director of Reportage Properties. “As three of the world’s leading real estate companies, we will grow in our own agenda and increase our opportunities with RMS cooperation,” he said.

Orkhan Mustafayev, CEO of Sabah, stated: “This joint venture between Reportage, Mesa, and Sabah is significant for us as well as the markets we now represent. We have developed significant, trust-based relationships with our customers throughout the years.”