Luxury Real Estate Development showcases Mangrove Place

The property is a mid-rise waterfront development with fantastic staggered terraces and balconies offering uninterrupted canal and sea views.

Situated adjacent to the prestigious Sky Tower, a future iconic building within the Shams Abu Dhabi Development on Reem Island, Mangrove Place offers a range of 1, 2 and 3 bedroom apartments and a limited selection of townhouses and penthouses. These European style homes have well planned layouts with spacious terraces and balconies to maximize indoor/outdoor living as well as space and light. The cleverly designed interiors are complimented by neutral, contemporary finishes to create a modern home. Mangrove Place facilities include fitted and kitchens with appliances, a residents' temperature controlled swimming pool, fully equipped gym and manned 24 hour reception. Each property will have private covered car parking.

Lubna A. Al Ruzeiqi, Sales Director of LLJ Property, exclusive sales agents for the development, describes the project's appeal to the Abu Dhabi Market: "Mangrove Place satisfies purchasers'needs through its location, pricing and competitive payment terms and is attracting serious investors and home purchasers. At this pre-launch stage, sales are going extremely well, hitting over 20%, as the project offers good outdoor living space - something different to the typical high-rise apartment towers on sale elsewhere in the city."

Mangrove Place provides an ideal live/work environment for those seeking close proximity to the office, combined with downtown cosmopolitan living. Young professionals, singles, couples and families will all appreciate and value the easy access to coffee shops, restaurants and boutiques in the heart of the Shams commercial district, and close to the centre of Abu Dhabi."

Luxury Real Estate Development was established in 2006 to develop well-designed, competitively priced property for the Abu Dhabi market and is one of the first private developers to launch within the Shams Development. Luxury's CEO, Ausama Zubaidi, considers Abu Dhabi to be one of the world's most exciting and emerging cities: "The future plans for Abu Dhabi include the creation of major real estate developments to support the government's business and tourism expansion plans. These will impact on the global investment market appealing to both local and international audiences.

Luxury Real Estate developments will be high quality, intelligently designed projects, which will contribute to this developing market and allow us to make a name for ourselves as a forward thinking developer."

Zubaidi, together with Dr Wisam Al Somaidaai, Chairman of LRED, bring a wealth of expertise and experience to their developments. Their skills in Construction Management, Property Development and Business Development are combined with a strong team of the architect, designer, project manager, real estate agent and marketing specialists who work together from the initial planning stages through to conclusion, creating viable projects for the UAE Capital.

The skillful design of Mangrove Place allows Luxury and their exclusive sales agent, LLJ Property, to market units at more affordable prices than similar property types being developed by other companies in the Abu Dhabi real estate sector. For the investor, this means the opportunity to attract more competitive rental yields.

Exhibiting at Cityscape Abu Dhabi, Luxury Real Estate Development and their exclusive sales agents, LLJ Property, invite interested parties to visit them at Stand AD39 at the Abu Dhabi National Convention Centre during Cityscape, from 8-10 May. LRED are offering discounts for purchasers during Cityscape.