The city of Miami is preparing to welcome a new milestone in real estate development with the official announcement of the “Shuma Bay” project launch on October 10. This ambitious project combines the expertise of Shuma Group, one of Florida’s leading real estate developers, and Cosmo Development, a fully owned subsidiary of Reportage Group.

“Shuma Bay” is more than just a luxury waterfront residential tower; it is a comprehensive urban vision weaving together Miami’s vibrant pulse with precise Emirati planning, marking a bold turning point in the city’s real estate landscape. This project represents Reportage Group’s first official entry into the U.S. market, reflecting its ambition to establish a global presence across continents.

Meanwhile, Shuma Group strengthens its decades-long legacy of reshaping urban neighborhoods through innovative designs and an approach focused on building vibrant communities.

During the launch event, Masoud Shujaei, CEO of Shuma Group, said: “Miami is a city pulsating with creativity and renewal. With the Shuma Bay project, we are not just offering residential units, but creating a living experience that reflects the city’s spirit and embraces its culture and aspirations. Our partnership with Reportage Group adds an international dimension that enhances the project’s value and elevates the residents’ experience.”

On his part, Andrea Notchiera, CEO and General Manager of Reportage Group, stated: “From Abu Dhabi to Miami, our vision remains steadfast: to build homes that combine luxury and accessibility, leaving a sustainable imprint on communities. Our partnership with Shuma Group represents a strategic milestone in our global expansion and confirms our ability to unify visions between developers from two different continents to redefine residential lifestyle.”