Ishraqah appoints Coldwell Banker to exclusively manage property sales for its premier UAE development

The move comes as Ishraqah commences work on its premier AED 1.2 billion residential hamlet being developed in Jumeirah Village South.

The international real estate agency Coldwell Banker has been providing specialised property services for the last one hundred years and currently has more than 4,200 offices worldwide. The company employs more than 112,000 sales associates and specialises in residential real estate and niche markets such as resorts and luxury properties.

"We are delighted to have this exclusive agreement with Coldwell Banker as the company is highly respected in the industry and has a reputation for providing first-class results to its clients. With so many residential developments being built in the UAE, we specifically required a respected company to manage our sales and marketing and we are confident that Coldwell Banker is the perfect company to complement our exclusive projects," said Sheikh Bader Al Zahrani, Chairman, Ishraqah.

Ishraqah's Seasons Community project is a four cluster residential hamlet, strategically located in Jumeirah and within walking distance of shopping centres, the new metro station and business districts. When complete in December 2008, Seasons Community will provide more than 1500 apartments and town houses in an integrated community that will feature four pools, two fitness centres and retail outlets. The project will offer one-or-two bedroom apartments with an optional garden, in addition to four bedroom town houses.

"As a new property developer, we have the enthusiasm and ambition to establish Ishraqah as a name associated with quality in the regional property market. By rigidly enforcing high quality standards and international regulations and working in association with industry leaders such as Coldwell Banker, our developments will exceed buyer expectations and will establish Ishraqah as a prestigious real estate provider," Al Zahrani added.

The Saudi-owned company announced recently that it intends to invest more than AED 6 billion in international real estate projects during the next two years, including building distinctive developments in several markets such as Morocco, India, Pakistan and Egypt.