The $190m project is currently in the pre-launch phase and exclusive sales agent, Cornerstone, has already sold 50% of the 371 units. 60% of the sold units have been purchased by end users and the remaining 40% have been purchased by investors. The majority of the buyers hail from the UK, followed by Middle East, USA, Canada, Asian, UAE, and North Africa.
The company has also announced that it will participate in this year's Cityscape Dubai, taking place on 16-18 October, joining the ranks of the region's other major real estate players at the three-day show.
"Cityscape will further raise the profile of our development to consumers and property investors directly. As Abu Dhabians, we must 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," said His Excellency Mohamed Jo'an Al Badie, President of ABG.
According to Ziad Bushnaq, CEO of Cornerstone, the UAE's capital is considered a hotspot for foreign investment thanks to the plethora of other property launches and new island projects popping up. "Abu Dhabi continues to offer highly exciting opportunities for property investors and residents alike. Thanks to the major island developments and the reinvigoration of some of the existing downtown areas, Abu Dhabi must now be considered a true global hotspot."
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Al Badie Group Property Development now looks to attract wider MENA audience at upcoming Cityscape Dubai
- United Arab Emirates: Thursday, October 11 - 2007 at 11:03
- PRESS RELEASE
Al Badie Group (ABG) Property Development has confirmed that 50% of their 26-storey Beach Towers, located on Reem Island Abu Dhabi, have already been sold two and a half years before the scheduled completion of the development.
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About the Beach TowersSome of the apartments' exciting features include:
• Top-of-the-line management services
• Luxurious entrance and lobby
• 24 hour security
• State of the art 'Smart Home' facilities- integrated cameras, voice command recognition, messaging and real-time services
• World class gymnasium/ fitness club
• Elegant café on 4th floor
• 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
• Secure underground parking
For further information, please contact Cornerstone at +971 2 6657055.
For media enquires, please contact:
Noura Sarraj
Account Manager
Promoseven Weber Shandwick
Tel: +9712 4494405
Fax: +9712 4494833
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 & Facility Management
Investments
Consultancy Advisory
Project Sales Management
For more information, please visit www.cornerstone-uae.com
Posted by Lara Lynn Golden, News EditorThursday, October 11 - 2007 at 11:03 UAE local time (GMT+4)
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