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Sunday, November 29 - 2009

Abyaar reveals Acacia Avenue in world's design capital

  • United Arab Emirates: Saturday, May 12 - 2007 at 09:09
  • PRESS RELEASE

Acacia Avenue, the first freehold project being built in Dubai's Jumeirah district by Kuwait-based Abyaar, a leading real estate developer, was recently revealed in Milan.

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  • Abyaar in Milan.
    Abyaar in Milan.
Milan's 'Salone Internazionale del Mobile', the world's leading exhibition of contemporary furniture and interior design in collaboration with renowned Italian interior designer Matteo Nunziati.

Marzooq Al Rashdan, Managing Director, Abyaar Real Estate Development said:
"Europe has great investment potential when it comes to developing projects in the Middle East, particularly relating to high quality, luxury freehold estates. Salone Internazionale was a natural showcase for us, where we were able to highlight the high quality build and interior design standards of our projects."


Grazia Elli, owner of furniture specialist FEG Group, invited Abyaar to showcase their projects at Salone Internazionale.

"Abyaar is our strategic Middle East partner and we invited them to this prestigious worldwide event. This first-of-its-kind partnership between a major European furniture company and a Kuwaiti real estate developer is based on shared values of providing elegant, high-class homes," said Elli.

Award winning designer, Matteo Nunziati, who is under exclusive contract to Abyaar in the Middle East, designed the luxurious interiors of each apartment and villa, keeping with the theme of luxury, comfort and upscale living.

"Abyaar's Acacia Avenue will be fully fitted and finished to the highest luxury standards, highlighting superior craftsmanship, quality materials and innovative design, all trademarks of Abyaar's projects," explained Nunziati.

"Conveying a distinct sense of living comfort and luxury, furniture specialists Poliform and FEG will provide the furnishing for both Olgana and Hilliana towers within Acacia Avenue, a defining character in each of Abyaar's projects."

Acacia Avenue, set to be completed by the first quarter of 2009, will be a fully gated community, featuring several selections of living space. The model was displayed in Milan at Corsovittorio Emanuele street near the famous historical cathedral 'Duomo'.
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Notes and media contacts

About Abyaar Real Estate Development

Abyaar Real Estate Development is a highly distinct property company - committed to raising the benchmark of Middle East real estate and delivering solid investor insurance. Founded with a capital value of KD 35 million (US $115 million) - Abyaar is a joint venture between Kuwait's Aayan Leasing and Investment Company, a leading investment player and Al Rashdan Group, a major real estate developer, and other investors.

Abyaar's portfolio is an impressive collection of exclusive, freehold initiatives, firstly in Dubai and then throughout the GCC. Investing in real estate in compliance with the rules and provisions of Islamic Shariah, Abyaar will build residential, commercial, retail and hospitality projects finished to the highest European standards, with innovative architecture and aspirational interiors.

'Building Excellence' is the company's guiding principle. Taking inspiration from the literal Arabic meaning of 'Abyaar'- a 'well', the source of water - the company's vision is to develop stylish and contemporary destinations that enhance lifestyles. Abyaar is a new breed of developer committed to creating business growth and prosperity.

For further information, please contact:
Fouad Kassem, MCS/Action, PO Box 20970, Dubai, United Arab Emirates.
Tel: +9714 390 2960;
Fax: +9714 390 8161

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