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Sunday, November 15 - 2009

Demand for quality waterfront designers brings IGY to Cityscape

  • United Arab Emirates: Wednesday, October 17 - 2007 at 15:38
  • PRESS RELEASE

IGY, the worldwide luxury marina and waterfront developer, is participating for the first time at this year's Cityscape Dubai, which the organization puts down to an increased demand for world-class marinas in a region that is already well on its way to becoming the next yachting destination of choice.

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"IGY is unique in the Middle East as we bring a variety of top quality capabilities to a very specialist area of development. There are very few specialist marina developers in the world, let alone the region. Cityscape was therefore an event we could not ignore," says Wayne Lowery, IGY's Marketing Director.

Cityscape is now in its sixth year and is established as the largest business-to-business real estate investment and development event in the world.

Lowery indicates that his organisation's participation at the event will assist in raising the profile of waterfront development across the region and help to build an industry that is quite new to the Middle East.

"The sheer number of our partners choosing to build near or around water requires a thriving marine development industry. IGY is spearheading the industry's development in the region and the sales success of our Anchor Marina project bears testament to the demand being experienced in the GCC."


IGY's Anchor Marina on The Palm Jumeirah, which will be completed in early 2008, will be showcased at the organisation's stand in Hall 1. Anchor Marina is expected to revolutionize yachting in the Middle East with its luxurious berthing and advanced technological elements providing standards that marine enthusiasts have yet to see in the region.

The completed marina will cater for yachts between 10 and 30 metres in length and will offer concierge services on spacious concrete pontoons with some of the most modern technology available to boat owners, including underwater lighting and wireless internet connections.

Such advanced waterfront developments have become the norm for IGY who develop marinas through in-house engineering and design expertise, which are then sold, managed and marketed on behalf of their partners.

"Our complete offering is our differentiating factor that attracts partners and allows for the successful development of projects such as Anchor Marina, which has experienced a first phase sell-out in record time.

"IGY wants to change the way water based developments are viewed in the region and Cityscape is giving us a platform from which to do this," concludes Lowery.

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About IGY

From the azure waters of the Arabian Gulf to the islands of the Caribbean and other beautiful yachting destinations around the world, IGY is redefining the very idea of luxury marina experiences.

IGY focuses on developing, acquiring, controlling and servicing luxury-yacht marinas and the surrounding upland real estate properties. The IGY management team has participated in the design, engineering and development of more than 300 marinas throughout the world and has brought new levels of technology, service and design expertise to the industry.

IGY operates the only mega-yacht facilities in the Caribbean and is currently developing additional mega-yacht marina properties in places such as Dubai's The Palm Jumeirah, Nassau, St Lucia, the British Virgin Islands, St. Maarten and Anguilla. In the Middle East IGY is headquartered in Dubai with dedicated marina design, development, engineering, management and marketing operations. This year IGY has launched two new marinas in Dubai and other major GCC projects will be unveiled soon.

Founded in 2005, IGY is headquartered in Fort Lauderdale, Florida with offices in New York and St. Thomas in the US Virgin Islands. IGY is an affiliate of Island Capital Group LLC, a real estate merchant banking firm led and founded by Andrew Farkas, the former chairman of Insignia Financial Group.

For more information please contact:

Asad Abbasi
T +971 4 369 8566
M +971 50 436 8618

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