The company has announced that it will participate in this year's Dubai & Gulf Property Show, taking place in London on 14-15 July. ABG will join the ranks of the region's other major real estate players at the two-day show, which is expected to be attended by serious British and other European property investors interested in the GCC region.
The boom in the regional real estate market means that European eyes are now focused on the UAE beyond Dubai. Thanks to Abu Dhabi's revised expatriate property ownership laws introduced in the summer of 2005, the capital is now considered a hotspot for foreign investment.
"Europe is a key target for us," said Mohamed Joan Al Badie, President of ABG. "The increasing number of visitors to the Dubai and Gulf Property Show highlights the interest that there is in the real estate opportunities in the region among Europeans. As Abu Dhabians, we must make sure that we capitalise on this interest and work to attract the right kind of investors to our Emirate, helping to build and support our long-term economic development and bring sustainable benefits for all the community."
ABG will be exhibiting its AED700 million Shams Abu Dhabi development, entitled Beach Towers, which will be showcased alongside the other diverse and ambitious development projects on the horizon in Abu Dhabi, all of which are reported to have reached an estimated total of AED1 trillion.
Mr. Ziad Bushnaq, CEO of Cornerstone, the appointed exclusive sales agent for the Beach Towers, commented, "Abu Dhabi is becoming a focal point of major development projects and investments. Enjoying one of the world's highest per capita incomes and having a 10 year GDP average growth of over 8% are only some of the major benefits of investing in Abu Dhabi. A stable currency and economy with relative low volatility along with a continuous political stability also makes the capital city of the UAE a great business opportunity."
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Al Badie Group to exhibit Beach Towers project at the Dubai & Gulf Property Show in London
- United Arab Emirates: Thursday, July 12 - 2007 at 10:51
- PRESS RELEASE
Al Badie Group (ABG) Property Development has confirmed its plans to help raise the profile of Abu Dhabi in Europe, by marketing its properties to European property investors directly for the first time ever.
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Notes and media contacts
About the Beach TowersSome of the apartments' exciting features include:
•Top-of-the-line management services
•Luxurious entrance and lobby
•24 hour security
•Indoor parking
•World class gymnasium/ fitness club
•Elegant café
•Swimming pools
•Maintenance services
•Designer finishing
•Spacious balconies in all apartments
•90% of apartments offer beautiful sea views
•Fully equipped kitchen
•Direct access to beach
The Beach Towers are located in the heart of Shams Abu Dhabi, and are conveniently situated close to major commercial and entertainment outlets.
For further information, please contact Cornerstone at +971 2 655672
For media enquires, please contact:
Noura Sarraj
Account Manager
Promoseven Weber Shandwick
Tel: +9712 4494405
Fax: +9712 4494833
Mobile: +971506720887
About Al Badie Group (ABG)
Based in the emirate of Abu Dhabi, Al Badie Group (ABG) was founded in 1967 under the chairmanship of Mohamed Joan Al Badie.
Since its inception, ABG has joined with international partners to support the growth of the UAE's infrastructure as well as the Petroleum, Tourism, Travel and Commercial sectors. In the early nineties, ABG expanded their business to encompass Industry, Privatisation and Defence Offset which promote their ongoing development programme.
Today, Al Badie Group consists of 10 subsidiaries, all of which encompass their vision, heritage and commitment to the future and hold the key to continuous growth, expansion and success.
About Cornerstone
Cornerstone provides high-level expertise in real estate and allied services. The expert team has a thorough understanding of the dynamics of the UAE property market and provides clients with the latest information, trends and insights to ensure that they achieve their business objectives. Their wide portfolio of properties caters to the needs, aspirations and dreams of most property buyers, sellers and developers in the UAE. Cornerstone aims to provide their customers with an international network of buyers and sellers through their extensive database; the company is constantly networking with clients and agencies worldwide to sell properties at an exponential turnaround rate.
Cornerstone specialises in:
Sales
Leasing
Property Management
Commercial Advisory
Project Sales & Marketing
Posted by Medilyn Manibo, Assistant News EditorThursday, July 12 - 2007 at 10:51 UAE local time (GMT+4)
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